What is the global market size of Lymphedema Treatment Market?

Lymphedema Treatment Market size was valued at USD 786.53 million in 2019 and is poised to grow from USD 860.14 million in 2023 to USD 1735.36 million by 2031, growing at a CAGR of 9.5% in the forecast period (2024-2031).

Lymphedema Treatment Market Worldwide

Q: Who are the key vendors in the Global Lymphedema Treatment Market?

Very few companies compete in the lymphedema treatment market, but many of them could employ various growth tactics to keep their position in the market as a whole. To expand and surpass some of their rivals in the lymphedema treatment market, the smaller players in the market would look for funding from private investors. In the upcoming years, lymphedema treatment market companies may use R&D as a key growth strategy. For instance, In May 2021, AIROS® Medical Inc., a medical technology manufacturer specializing in compression therapy products, announced the launch of AIROS 6 Sequential Compression Therapy devices and Arm Plus garments soon after it was granted multiple regulatory approvals by the U.S. Food and Drug Administration (FDA). 'Bio Compression Systems', 'Tactile Medical', 'Medi', 'Lympha Press', 'Sigvaris', 'BSN Medical', 'L&R USA Inc.', 'Devon Medical Products', '3M Health Care', 'JOBST USA', 'Thuasne', 'Wright Therapy Products', 'BioHorizons IPH, Inc.', 'Haddenham Healthcare', 'ArjoHuntleigh', 'Paul Hartmann', 'Bioventus', 'Baxter International Inc.', 'CircAid Medical Products, Inc.', 'Essity Aktiebolag', 'In October 2023, a working group led by A Cornell revealed the surprising mechanisms behind lymphedema. In a breakthrough that could revolutionize atherosclerosis therapy, the Cornell-led collaboration successfully created a 3D in-vitro model of a functional human nervous system. ', 'In June 2023, The EMA approved a new device called Lymphapress for the treatment of lymphedema. Lymphapress uses compressed air to reduce inflammation.'

Lymphedema Treatment Market Regional Insights

North America held the largest market share in 2021 due to the region's rapidly developing technological breakthroughs in the healthcare industry. Additionally, there is likely to be a tonne of potential for market expansion due to the increased awareness of IgG4-related disorders. Additionally, the market is anticipated to be led by the rising prevalence of lymphedema in nations like the U.S. and Canada as a result of rising breast cancer rates in those nations. For example, the Lymphatic Education & Research Network estimates that about 10 million Americans experience lymphedema and other lymphatic illnesses. These illnesses affect more individuals in the US than multiple sclerosis, muscular dystrophy, Parkinson's disease, and AIDS combined.

The Asia Pacific region is anticipated to have the highest market share during the forecast period. This expansion can be attributed to the rising incidence of chronic diseases, improvements in the healthcare system, and an increase in government and pharmaceutical company R&D efforts to create lymphedema treatment strategies. Faster growth in emerging economies like India and China is anticipated to benefit the expansion of the lymphedema treatment market. Due to rising disposable income, China is dominating the Asia-Pacific market.

Europe is expected to have the second-largest market share during the forecast period. The lymphedema treatment market in this region is projected to rise as a result of leading industry participants' cooperation initiatives and the development of new products. Additionally, the increased incidence of lymphedema contributes to the market expansion in the region. For instance, the NHS estimates that 200,000 people in the UK experience lymphedema each year.

FAQs

Lymphedema Treatment Market size was valued at USD 860.14 Million in 2023 and is poised to grow from USD 941.85 Million in 2024 to USD 1900.22 Million by 2032, growing at a CAGR of 9.5% during the forecast period (2025-2032).

Very few companies compete in the global lymphedema treatment market, but many of them could employ various growth tactics to keep their position in the market as a whole. To expand and surpass some of their rivals in the global lymphedema treatment market, the smaller players in the market would look for funding from private investors. In the upcoming years, lymphedema treatment market companies may use R&D as a key growth strategy. For instance, In May 2021, AIROS® Medical Inc., a medical technology manufacturer specializing in compression therapy products, announced the launch of AIROS 6 Sequential Compression Therapy devices and Arm Plus garments soon after it was granted multiple regulatory approvals by the U.S. Food and Drug Administration (FDA). 'Bio Compression Systems ', 'Tactile Medical ', 'Medi ', 'Lympha Press ', 'Sigvaris ', 'BSN Medical ', 'L&R USA Inc. ', 'Devon Medical Products ', '3M Health Care ', 'JOBST USA ', 'Thuasne ', 'Wright Therapy Products ', 'BioHorizons IPH, Inc. ', 'Haddenham Healthcare ', 'ArjoHuntleigh ', 'Paul Hartmann ', 'Bioventus ', 'Baxter International Inc. ', 'CircAid Medical Products, Inc. ', 'Essity Aktiebolag', 'In October 2023, a working group led by A Cornell revealed the surprising mechanisms behind lymphedema. In a breakthrough that could revolutionize atherosclerosis therapy, the Cornell-led collaboration successfully created a 3D in-vitro model of a functional human nervous system. ', 'In June 2023, The EMA approved a new device called Lymphapress for the treatment of lymphedema. Lymphapress uses compressed air to reduce inflammation.'

The lymphedema treatment market is anticipated to develop as a result of increase in lymphedema and breast cancer cases. It is projected that the prevalence of cancer cases will increase, opening up enormous market expansion prospects. Healthcare facilities are increasingly needed as a result of rising health spending and growing investments in drug discovery research and development. Additionally, during the anticipated period, advancements in novel lymphedema treatment solutions are anticipated to fuel market expansion.

The lymphedema treatment market is expected to expand as more people become affected by the condition. Additionally, as the disease spreads more widely, inventive and cutting-edge remedies are being created at an exponential rate to reduce risk during therapy. Additionally, it is anticipated that rising healthcare spending will fuel industry expansion, along with a rise in healthcare innovation. Additionally, the introduction of innovative medical equipment by pharmaceutical firms is promoting business expansion globally.