Lymphedema treatment products such as compression garments and devices help manage swelling caused by lymphatic system damage or blockage. These products provide comfort and facilitate lymph flow to affected areas.
The global Lymphedema Treatment Market is estimated to be valued at US$ 2.29 Bn in 2023 and is expected to exhibit a CAGR of 21. % over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
Remote monitoring capabilities allow healthcare professionals to monitor lymphedema patients remotely using smart compression garments and devices. This trend is expected to significantly accelerate the growth of the lymphedema treatment market during the forecast period. Remote monitoring enhances patient care by facilitating early detection of swelling changes as well as ensuring treatment adherence. It also allows hospitals and clinics to serve more patients in resource constrained environments.
Segment Analysis
The lymphedema treatment market is dominated by the equipment segment. This segment accounts for over 60% share of the global market owing to the growing adoption of compression pumps and sleeves for lymphedema management. Compression pumps help in draining excess lymph fluid from congested areas and maintaining lymphatic drainage leading to their high adoption rate.
Key Takeaways
Global Lymphedema Treatment Market Size is expected to witness high growth during the forecast period of 2024-2031.
Regional analysis: North America is currently the dominant as well as the fastest growing regional market for lymphedema treatment. Higher awareness regarding lymphedema management and availability of advanced treatment options are some factors contributing to the region's large share.
Key players operating in the lymphedema treatment market are Walmart Inc., Under Armour, Inc., Givex Corporation, American Express, Target Brands, Inc., Best Buy, Starbucks Coffee Company, PayPal Holdings, Inc., Apple Inc., Sephora USA, Inc., Gyft, Inc., Walgreen Co., TransGate Solutions, AMILON S.R.L., Jigsaw Business Solutions, Diggecard, Pine Labs Private Limited, Alltimeprint.com, Plastek Card Solutions, Inc., Card USA, Inc. These players are focusing on new product launches and geographical expansion to gain higher market shares.
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