Global Intermittent Pneumatic Compression (IPC) Devices Market, by Type (Deep Vein Thrombosis (DVT), Pulmonary Embolism (PE)), By Application (Home Use, Hospital) – Industry Trends and Forecast to 2029
Intermittent Pneumatic Compression (IPC) Devices Market Analysis and Size
The global intermittent pneumatic compression (IPC) devices market is expected to witness significant growth during the forecast period. These devices are used for treating discomfort in the leg and swelling. It improves circulation and restores normal function in the leg. Intermittent Pneumatic compression therapy is especially used for managing DVT or Deep Vein Thrombosis. Rise in the number of orthopedic surgeries promotes the market growth. Another growth driving factor is the rising geriatric population worldwide. Advancements in medical engineering brought about many pathbreaking innovations in healthcare technology.
Data Bridge Market Research analyses a growth rate in the global intermittent pneumatic compression (IPC) devices market in the forecast period 2022-2029. The expected CAGR of global intermittent pneumatic compression (IPC) devices market is tend to be around 8.70% in the mentioned forecast period. The market was valued at USD 1.20 billion in 2021, and it would grow upto USD 2.34 billion by 2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
Market Definition
Intermittent pneumatic compression (IPC) devices are mechanical compression devices that help to prevent pulmonary embolism (PE) and deep vein thrombosis (DVT). And they are used to treat chronic venous insufficiency. They also help prevent DVT and PE. And they are used to treat chronic venous insufficiency. These intermittent pneumatic compression (IPC) devices have multiple applications in the healthcare industry today and is thus increasing the market growth rapidly.
Intermittent Pneumatic Compression (IPC) Devices Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014 - 2019)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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By Type (Deep Vein Thrombosis (DVT), Pulmonary Embolism (PE)), By Application (Home Use, Hospital)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
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Market Players Covered
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Zimmer Biomet (U.S.), Breg (U.S.), DJO, LLC (U.S.), DevonMedicalProducts.com (U.S.), Cardinal Health (U.S.), Mego Afek AC LTD (Israel), Bio Compression Systems (U.S.), ThermoTek USA (U.S.), Medline Industries, LP (U.S.), Tactile Medical (U.S.)
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Market Opportunities
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Global Intermittent Pneumatic Compression (IPC) Devices Market Dynamics
Drivers
- Surge in Online Shopping
Online shopping is convenient, and most online stores offer products at much lower prices than physical stores. Online entrepreneurs understand this and generally reduce net sales to attract more customers. Most physical stores have a limited range of products. E-commerce is very popular among shoppers and highly profitable sales channels due to the increasing benefits of online shopping.
- Increasing Vascular Diseases
Over the years, the rate of diagnosis of vascular diseases such as deep vein thrombosis and pulmonary embolism has increased significantly. This slows blood flow, causes red blood cells to aggregate and form blood clots. Lymphedema is the main cause of its prevalence, and lymph accumulation causes soft tissue swelling. Intermittent air compression (IPC) devices help recover from such vascular disease.
Opportunities
- Technological Advancements
Significant advances in textiles and nanotechnology and growth across the sector are driven by growing demand for mainstream fashion features. Manufacturers of pneumatic compression devices are focusing on the portability of the device. For instance, DJO Global, Inc. has launched an easy-to-use and easy-to-repair wearable venapro device to prevent post-operative DVT. Another device is the portable venowave device used on the legs to treat postoperative DVT.
- Ease of Use and Portability
Intermittent air compression devices are made for home use. They are portable enough to be carried anywhere in the house, in the car, and outdoors. Such portable devices are lightweight and do not have tubes or hoses attached for ease of use. These devices enable non-invasive and continuous monitoring of medical parameters. Provides real-time data / updates to healthcare professionals through connections.
Restraints/Challenges
- Lack of skilled professionals
The lack of qualified personnel who are unable to use these devices could curb the growth of the global intermittent pneumatic compression (IPC) devices market over a forecast period.
- High Cost
The high cost of these software systems can hinder the growth of the global intermittent pneumatic compression (IPC) devices market even though the prevalence of thrombotic diseases is high.
This global intermittent pneumatic compression (IPC) devices market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the global intermittent pneumatic compression (IPC) devices market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Intermittent Pneumatic Compression (IPC) Devices Market Scope
The global intermittent pneumatic compression (IPC) devices market is segmented on the basis of type and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
- Deep Vein Thrombosis (DVT)
- Pulmonary Embolism (PE)
Application
- Home Use
- Hospital
Intermittent Pneumatic Compression (IPC) Devices Market Regional Analysis/Insights
The global intermittent pneumatic compression (IPC) devices market is analysed and market size insights and trends are provided by type and application as referenced above.
The major countries covered in the global intermittent pneumatic compression (IPC) devices market are the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America is the dominating region in the global intermittent pneumatic compression (IPC) devices market due to growing rate of spinal and orthopedic surgeries and increasing number of patients with lymphedema and DVT and sports injuries.
Meanwhile, the Asia-Pacific region has shown significant growth in the global intermittent pneumatic compression (IPC) devices market due to rising medical device investments.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Global Intermittent Pneumatic Compression (IPC) Devices Market Share Analysis
The global intermittent pneumatic compression (IPC) devices market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to intermittent pneumatic compression (IPC) devices market
Key players operating in the global intermittent pneumatic compression (IPC) devices market include:
- Zimmer Biomet (U.S.)
- Breg (U.S.)
- DJO, LLC (U.S.)
- DevonMedicalProducts.com (U.S.)
- Cardinal Health (U.S.)
- Mego Afek AC LTD (Israel)
- Bio Compression Systems (U.S.)
- ThermoTek USA (U.S.)
- Medline Industries, LP (U.S.)
- Tactile Medical (U.S.)
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