Medical - - Oct 03,2017
As per the research key statistics, the global pneumatic compression therapy market will surpass US$ 670 Mn in revenues by 2025-end.
Several key players in the market are now increasing their focus towards technological innovation in products, pneumatic compression therapy is one of them. At present, growing adoption of pneumatic compression sleeves and favorable reimbursement for pneumatic compression therapy will continue to boost the prospects of compression therapy market.
Pneumatic compression devices are made up of an inflatable garment for the arm, leg, chest and an electrical pneumatic pump that seals the garment with compressed air. As per a recent research, people suffering from a vein disorder such as varicose veins, especially in developing countries has created huge demand for these products. Besides, growing emphasis on health and wellness is stand-in as prime driver in the current market scenario.
Due to the heavy demand, the pneumatic compression sleeve segment will record a CAGR of 7.3% during the forecast period. On the other hand, the segmented pneumatic compression pumps segment by product type is expected to grab more than 30% market share in the year 2017.
In terms of geography, North America remains one of the most lucrative regions for the growth of global pneumatic compression therapy market. The market in North America is likely to grow at over 6% through 2025 and rake in over US$ 450 mn in revenues. It is also interesting to know that, a notable development in the field of pneumatic compression therapy has been the sale of products through online channels.
Currently, manufacturers are putting various efforts in innovative products to improve the lifestyle of the population which further contribute to the growth of the market. In addition, pneumatic compression treatment devices makers are concentrating on devices portability. For instance, DJO Global, Inc. has launched Venapro portable device that is easy to use and fix, to help prevent post-operative DVT.
Other active players in the market are Tactile Medical, Talley Group Limited, Medline Industries, Inc., Medtronic, Devon Medical Products, and EUREDUC.
For more information on this report visit- https://www.mrrse.com/pneumatic-compression-therapy-market