Market Challenges And Opportunities
Global Lymphedema Treatment Market- Drivers
- Rising prevalence of lymphedema: Rising prevalence of lymphedema across the globe is a major factor driving the global lymphedema treatment market growth. Lymphedema is a chronic condition that leads to swelling in arms or legs due to build-up of lymph fluid. The number of lymphedema cases is increasing steadily due to growing aging population and rising cases of obesity. Lymphedema is more common in elderly due to deterioration of lymph vessels. The growing disease burden is creating significant demand for effective treatment options, thereby, propelling the lymphedema treatment market growth. For instance, in July 2022, according to an article published by National Library of Medicine, 1 in 1,000 Americans have secondary lymphedema, and in 2021, 140 million to 250 million people suffered from lymphedema worldwide.
- Increasing incidence of cancer: Increasing incidence of cancer around the world is anticipated to boost the lymphedema treatment demand during the forecast period. Cancer treatments such as radiation therapy and lymph node removal surgery elevate the risk of developing secondary lymphedema. The rising cancer incidence coupled with growing awareness about lymphedema care is expected to boost treatment adoption among cancer survivors. This is likely to boost the growth of the lymphedema treatment market.
- Technological advancements: Global lymphedema treatment market growth is driven by continuous technological advancements in compression therapy devices and techniques. Companies are developing more portable, effective and smarter compression pumps and garments integrated with features like touchscreen interface, smartphone connectivity and adjustable pressure settings. For instance, Flexitouch Plus, a pneumatic compression device for lymphedema treatment that is manufactured by Tactile Medical, a U.S.-based medical devices manufacturing company, has an advanced pneumatic device that mimics manual lymphatic drainage. Such innovations are improving patient experience, thereby, boosting product demand and market growth.
Global Lymphedema Treatment Market- Opportunities
- Untapped emerging economies: Emerging economies present significant opportunities for lymphedema treatment market players due to the huge untapped patient population and improving healthcare access in these regions. Countries such as China, India, Mexico and Brazil have high lymphedema incidence, owing to endemic parasitic diseases, lifestyle changes causing obesity and rising cancer cases. The healthcare infrastructure is evolving with increasing expenditure and health insurance penetration in these countries, leading to rising treatment adoption.
- Growing awareness campaigns: Global lymphedema treatment market is expected to be favored by growing efforts to spread awareness about the disease and available therapeutic options. Non-profit organizations like Lymphatic Education & Research Network (LE&RN) run awareness programs throughout U.S. on lymphedema in collaboration with healthcare providers, government bodies and companies. For instance, March is celebrated as Lymphedema Awareness Month in the U.S. and Canada. Such initiatives educate patients and caregivers, helping in early diagnosis and access to quality treatment.
- Growing demand for self-management therapies: Increasing demand for self-management therapies due to their convenience and efficacy offers lucrative expansion scope for market players. At-home therapies like simple lymphatic drainage, compression bandaging, remedial exercises and pneumatic compression devices are gaining traction. Companies are developing easy-to-use products suited for home treatment settings. The launch of smart compression pumps with mobile app connectivity has further enabled patient self-management, and is driving the market growth.