The Air Pressure Therapy Market is estimated to be valued at US$ 4,400 Million in 2023 and is expected to exhibit a CAGR of 6.3% over the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights.
Air pressure therapy is a non-invasive treatment method that uses air pressure to apply gentle and rhythmic compression on different parts of the body. It is primarily used to improve blood circulation, reduce swelling, and relieve pain in patients suffering from various chronic conditions such as lymphedema, deep vein thrombosis, and chronic venous insufficiency.
The market offers a wide range of products associated with air pressure therapy, including compression garments, compression pumps, and compression bandages. These products are used across various healthcare settings such as hospitals, clinics, and home healthcare.
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TOP Players in Market Report are: – DJO Global, Inc., BSN medical (now part of Essity), Smith & Nephew plc, medi GmbH & Co. KG, SIGVARIS Group, Bio Compression Systems, Inc., Tactile Medical, Paul Hartmann AG, 3M, Gottfried Medical, Inc., Mego Afek AC Ltd., Persys Medical, BTL Industries, Arjo, KCI Licensing, Inc., Beijing Huibo Medical Device Co., Ltd., and Bioinicia S.L.
Market Dynamics:
The air pressure therapy market is driven by two major factors. Firstly, the rising prevalence of chronic diseases such as diabetes, obesity, and cardiovascular diseases, which require effective management of symptoms and prevention of complications. Air pressure therapy provides non-invasive and drug-free treatment options for these patients, thereby driving market growth.
Secondly, the increasing geriatric population globally is expected to fuel the demand for air pressure therapy. This demographic group is more susceptible to chronic conditions and can benefit greatly from the use of air pressure therapy products. Additionally, the growing awareness about the advantages of non-pharmacological therapies and the advancements in technology are further propelling market growth.
Overall, the air pressure therapy market is expected to witness high growth in the coming years, driven by the rising prevalence of chronic diseases and the increasing geriatric population.
Detailed Segmentation:
By Techniques:
-
- Static Compression Therapy
- Dynamic Compression Therapy
- By Product Type:
- Stockings
- Bandages
- Pumps
- Others
- By Application:
- Varicose Veins
- Deep Vein Thrombosis
- Lymphedema
- Others
- By Distribution Channel:
- Hospitals
- Clinics
- Pharmacies
- E-commerce
Market Drivers:
- Increasing Prevalence of Chronic Diseases
Chronic diseases such as diabetes, obesity, cardiovascular diseases, and lymphedema are on the rise globally. These diseases often lead to complications that require long-term management and treatment. Air pressure therapy, also known as pneumatic compression therapy, is a non-invasive treatment option that helps improve blood circulation, reduce fluid retention, and alleviate symptoms associated with these chronic conditions. The growing prevalence of chronic diseases is expected to drive the demand for air pressure therapy devices.
According to the World Health Organization (WHO), chronic diseases are the leading cause of mortality globally, with 71% of all deaths attributed to these conditions. This alarming statistic highlights the urgent need for effective treatment options such as air pressure therapy. Moreover, the rising healthcare expenditure and the growing geriatric population, who are more susceptible to chronic diseases, further contribute to the market growth.
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- Technological Advancements in Air Pressure Therapy Devices
Advancements in technology have significantly improved the efficacy and reliability of air pressure therapy devices. Manufacturers are incorporating innovative features such as adjustable pressure settings, automated programs, and user-friendly interfaces to enhance patient comfort and treatment outcomes. Additionally, the development of portable and wearable air pressure therapy devices has revolutionized the market, allowing patients to receive treatment at home or on-the-go.
The integration of smart technology and connectivity features in these devices further augments their value proposition. For instance, some air pressure therapy devices can be connected to smartphone apps or healthcare platforms, enabling patients and healthcare providers to monitor treatment progress and adjust settings remotely. These technological advancements not only improve patient compliance but also facilitate data-driven decision making, leading to better patient outcomes.
Market Restraints:
- High Cost of Air Pressure Therapy Devices
The cost of air pressure therapy devices can be a significant barrier to market growth. These devices are often priced at a premium due to the advanced technologies and materials used in their manufacturing. Moreover, the recurring costs associated with consumables such as compression garments or sleeves add to the overall expense of air pressure therapy treatment.
This high cost can deter patients, especially those from low-income backgrounds or less developed regions, from seeking or continuing air pressure therapy. Additionally, limited insurance coverage for air pressure therapy devices further restricts their adoption, as patients may have to bear the financial burden themselves. Manufacturers and healthcare providers need to explore strategies to reduce the cost of these devices and ensure affordability to a wider patient population.
- Lack of Awareness and Training Among Healthcare Professionals
Despite the numerous benefits of air pressure therapy, there is a lack of awareness and training among healthcare professionals regarding its application and effectiveness. Many healthcare professionals may not be familiar with the latest advancements in air pressure therapy devices or may not have received adequate training on their usage.
This lack of awareness and training can lead to underutilization or misalignment of air pressure therapy devices, thereby limiting their potential impact on patient outcomes. To overcome this restraint, manufacturers should invest in educational initiatives and workshops to educate healthcare professionals about the benefits and proper usage of air pressure therapy devices. Collaborations between manufacturers and healthcare institutions can also help in integrating air pressure therapy into standard treatment protocols.
Recent Developments:
In 2022, Hillrom acquired VenaTech, a provider of pneumatic compression therapy devices for the treatment of lymphedema. This acquisition will help Hillrom expand its product portfolio and reach a wider audience of patients with lymphedema.
In 2023, ArjoHuntleigh acquired Compex, a Swiss manufacturer of medical devices for pain relief and rehabilitation. This acquisition will help ArjoHuntleigh expand its product portfolio and reach a wider audience of patients with chronic pain and other conditions.
In 2023, Aircast acquired NormaTec, a leading provider of pneumatic compression therapy devices. This acquisition will help Aircast expand its product portfolio and reach a wider audience of patients with sports injuries and other conditions.
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