Lymphedema Treatment Market The report provides statistics on the current state of the industry and is therefore a valuable source of guidance and direction for companies and investors interested in this market. To have the best market insights and know-how of the best market opportunities in the specific markets, this market research report is an ideal option. The report proves to be a complete synopsis of the study, analysis and estimation of the market and its impact on the healthcare industry. Outraged, According to a research report, marketing administration has carefully examined their target markets’ minds, feelings, preferences, attitudes, beliefs, and value systems with a formalized and managerial approach. For conducting business locally, regionally and internationally, this high-quality global market research is an ultimate solution. The research studies done in the World Class Business Report A help to guess several important aspects which include but not limited to investment in rising market, success of new product and expanding market share.
Global Lymphedema Treatment Market is expected to witness significant growth during the forecast period of 2022 to 2029. Data Bridge Market Research analyzes that the global lymphedema treatment market is growing with a CAGR of 9.2% during the forecast period of 2022 to 2029 and is projected to reach USD 1,671.51 million by 2029 from USD 841.00 million in 2022. Rising healthcare spending and escalating innovation and technology are the major drivers that are expected to contribute to market growth over the forecast period.
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Lymphedema refers to swelling that usually occurs in the upper and lower limbs. Sometimes both arms and both legs swell. Lymphedema is most often caused by the removal or damage of lymph nodes as part of cancer treatment. It results from a blockage of the lymphatic system, which is part of the immune system. Arises from a damaged lymphatic system, can lead to infections, disfigurement, debilitating pain and disability. There is no cure for lymphedema.
The treatment of lymphedema involves multiple therapies instead of the standard treatment, as patients are dissatisfied or do not recover with conventional lymphedema treatment. They address the alternative treatment that offers more control over healthcare decisions, and the alternatives are found to be more compatible with the patient’s healthcare system.
Lymphedema can occur after any cancer or its treatment that affects the drainage of lymph nodes. It has been reported to occur within days and up to 30 years after breast cancer treatment. Treatments for early-stage lymphedema include therapies, surgeries, and lympho-vein transplantation, among others. But there is no permanent cure for lymphedema.
An increasing number of people are affected by the treatment of lymphedema which requires highly effective and advanced treatment to minimize risks during treatment. Healthcare systems need highly advanced treatment products. Hence, major market players are focusing heavily on product launches and product approvals. Additionally, government and regulatory bodies support market players under product approval.
Rising investment in research and development for drug discovery and rising healthcare expenditures have accelerated the need for healthcare facilities. Growing volume of patients undergoing lymphedema treatment along with growing prevalence of lymphedema treatment is also propelling the market growth
The high cost of surgeries and liposuction and adverse side effects associated with the treatment are expected to hamper the market growth over the projected period.
Strategic initiatives by market players, increase in healthcare expenditure, increase in R&D activities are providing an opportunity for this market and are expected to drive the growth of the market.
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Key players covered in the report are medi GmbH & Co. KG, PAUL HARTMANN AG, 3M, Convatec Inc., JUZO, SIGVARIS GROUP, Sanyleg Srl a socio unico, AIROS Medical, Inc., Tactile Medical, BIOCOMPRESSION SYSTEMS, Lohmann & Rauscher GmbH & Co. KG, Mego Afek ltd., ThermoTek, Cardinal Health, Essity (BSN medical GmbH), Smith+Nephew HERANTIS PHARMA Plc, Huntleigh Healthcare Limited, Avet Pharmaceuticals Inc and KOYA MEDICAL among other national and global players. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Global Lymphedema Treatment Market Scope and Market Size
The global lymphedema treatment market is segmented on the basis of type of treatment, type, affected area, age group, route of administration, end user and distribution channel. Growth between segments helps you analyze growth niches and strategies to approach the market and determine your main application areas and the difference between your target markets.
On the basis of treatment type, the global lymphedema treatment market is segmented into compression therapy, surgery, drug therapy, laser therapy, and others. In 2022, the compression therapy segment is expected to dominate the market as it effectively manages the symptoms of the disease.
On the basis of type, the global lymphedema treatment market is segmented into secondary lymphedema and primary lymphedema. In 2022, the secondary lymphedema segment is expected to dominate the market as secondary lymphedema is the most common lymphedema in the population.
Based on the affected area, the global lymphedema treatment market is segmented into lower limbs, upper limbs and genitals. In 2022, the lower extremity segment is expected to dominate the market, as the lower extremities are mainly affected in case of lymphedema.
Based on age group, the global lymphedema treatment market is segmented into adult, geriatric, and pediatric. In 2022, the adult segment is expected to dominate the market as secondary lymphedema is the most common lymphedema in the population.
Based on the route of administration, the global lymphedema treatment market is segmented into oral, injectable, and topical. In 2022, the oral segment is expected to dominate the market as it is the most efficient mode of administration with better patient compliance.
On the basis of end-user, the global lymphedema treatment market is segmented into hospitals, specialty clinics, outpatient surgery centers, and others. In 2022, the hospital segment is expected to dominate the market owing to the increase in the number of patients treated for lymphedema.
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Market shares in different regions
Recent Developments for Market Competitors
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