The Global Lymphedema Treatment Market is estimated to be valued at US$ 1.98 Bn in 2023 and is expected to exhibit a CAGR of 9.9% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
Lymphedema treatment involves methods and equipment used to reduce swelling caused due to accumulation of lymphatic fluid in body tissues. Physiotherapy includes complete decongestive therapy, manual lymphatic drainage, and compression garments that help reduce swelling and manage lymphedema.
Market key trends:
One of the key trends in the lymphedema treatment market is the rising adoption of advanced compression garments. Compression garments play a vital role in lymphedema management through applying uniform graduated pressure that helps drain fluid from swollen areas. Development of advanced compression garments in the form of shorts, tights, and leggings made of specialized textiles ensuring better comfort and adherence to therapy is promoting the market growth. Increasing awareness about benefits of physiotherapy methods especially lymphatic drainage massage for lymphedema treatment is another key trend bolstering market expansion over the forecast period.
SWOT Analysis
Strength: Lymphedema treatment aims to reduce swelling and discomfort permanently. With advanced treatment options such as compression garments, devices and drugs available, successful management of lymphedema is possible.
Weakness: High cost of advanced treatment options such as compression devices poses affordability challenges. Lack of awareness regarding lymphedema also affects timely diagnosis and management.
Opportunity: Rising incidence of lymphedema owing to increasing cancer cases and trauma injuries presents growth opportunity. Growing geriatric population also helps fuel demand.
Threats: Limited reimbursement coverage for lymphedema treatment raises out-of-pocket expenditure. Side effects associated with certain drugs also act as a threat.
Key Takeaways
The Global Lymphedema Treatment Market is expected to witness high growth, exhibiting CAGR of 9.9% over the forecast period, due to increasing incidence of lymphedema. According to estimates, around 250 million people suffer from lymphedema worldwide.
Regional analysis: North America dominated the global market owing to developed healthcare infrastructure and availability of advanced treatment options in the region. Asia Pacific is anticipated to be the fastest growing market led by expanding patient pool, improving access to healthcare facilities etc.
Key players operating in the Lymphedema Treatment are Tactile Medical, Bio Compression Systems, Essity Medical Solutions, Sigvaris Group, Lohmann & Rauscher, Mego Afek, ThermoTek, Medi GmbH, Compressel, Huntleigh Healthcare, JUZO, Bio Horizons, medi UK, ArjoHuntleigh, BSN Medical, Lympha Press, Paul Hartmann, Convatec, Herantis Pharma. Tactile Medical offers Complete Decongestive Therapy products and services for lymphedema. SigvarisGroup provides medical compression stockings, socks, and hosiery.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
