Medical Technologies: Future Predictions for Home Sequential Compression Devices Market

What Will Define Market Growth?

In the foreseeable future, the expansion of the market for compressive therapy devices used at home is anticipated to be influenced by a surge in the incidence of Deep Vein Thrombosis (DVT) and Peripheral Edema (PE), conditions which are effectively managed using these devices. Furthermore, the burgeoning older population worldwide, who are more prone to these vascular conditions, will further prop up demand. Increasing initiatives to create awareness about the benefits of using these devices at home as opposed to hospital treatments might stimulate further adoption.

What Technological Leapfrogs Can be Anticipated?

The digital revolution, along with advancements in medical device technology, has set a stage for significant strategic developments in the home sequential compression devices market. Connected compression devices, which can monitor patient compliance and treatment progress while enabling remote patient monitoring, are slated to garner increased attention. Developments in machine learning and artificial intelligence algorithms to enhance patient-specific therapy management, might offer innovative business strategies.

Will Regionality Influence Market Outcomes?

Geographically, mature economies of North America and Europe are anticipated to be leading contributors to the asset base of the home sequential compression devices market given the higher incidence of DVT and PE as well as superior healthcare infrastructure. However, the emerging markets in the Asia-Pacific region, being the home to a significant older population, coupled with increasing access to healthcare facilities, are expected to offer reverberating growth opportunities, thus driving diversification in the regional outlook of this market.