Air pressure therapy offers painless and safe treatment for several chronic wound conditions such as diabetic foot ulcers, pressure ulcers, venous ulcers and tissue damage post-surgery. It works by applying alternating pressure to the whole limb or a specific wound area to increase blood flow, promote healing and reduce swelling. The devices are lightweight, portable and consist of an inflatable garment connected to a programmable pneumatic pump unit. Air pressure therapy enhances oxygen and nutrient delivery to wounded areas while removing toxins, improving cellular activity and tissue regeneration. It is widely used in hospitals, clinics as well as at-home settings to speed up recovery with minimum complications and cost compared to traditional compression therapies.
The global Air Pressure Therapy Market is estimated to be valued at US$ 4.4 Bn in 2024 and is expected to exhibit a CAGR of 6.3% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
Technological advancements are driving the adoption of air pressure therapy devices. Key players are investing in the development of modern devices with smart functionalities, such as wireless connectivity, advanced dressings, automated programming and portable designs. This allows real-time monitoring of therapy, improves compliance and enables treatment in ambulatory settings. Furthermore, combination devices that offer multi-modal therapies through integration of other modalities like hyperbaric oxygen, electrostimulation or ultrasound are gaining popularity. Their synergistic action enhances treatment outcomes compared to single therapies. Such innovative products are expanding the applications of air pressure therapy into new areas and boosting its market growth.
Porter’s Analysis
Threat of new entrants: The air pressure therapy market poses moderate threat to new entrants. Established key players dominate the market and new entrants require significant investment to develop air pressure therapy devices.
Bargaining power of buyers: Buyers have moderate bargaining power due to presence of differentiated products offered by key players.
Bargaining power of suppliers: Suppliers have low bargaining power as raw materials required are commodity products and available from numerous suppliers.
Threat of new substitutes: Threat of new substitutes is low as air pressure therapy is unique modality for treating edema and provides effective treatment.
Competitive rivalry: The air pressure therapy market witnesses high competitive rivalry among key global players to gain market share by launching innovative products.
Key Takeaways
The Global Air Pressure Therapy Market Size is expected to witness high growth. The global Air Pressure Therapy Market is estimated to be valued at US$ 4.4 Bn in 2024 and is expected to exhibit a CAGR of 6.3% over the forecast period 2023 to 2030.
The market in North America is projected to dominate the global market during the forecast period due to increasing healthcare expenditures, growing research activities. The Asia Pacific market is expected to witness the fastest growth during the forecast period attributed to rising incidence of chronic diseases, growing medical tourism industry.
Key players operating in the air pressure therapy market are Heat and Control, Inc., J.R. Simplot Company, The 3M Company, Kiremko B.V., KRONEN GmbH. The key players are majorly focused on new product launches and regional expansion to gain market share in the air pressure therapy market.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
