Market Analysis and Insights of Compression Therapy
Compression therapy market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses the market to account to USD 4.60 billion by 2028 and will grow at a CAGR of 5.35% in the above mentioned forecast period.
Compression therapy is particularly designed to boost the blood flow and to support veins. They are specifically designed stockings, which offer gentle pressure to ankle and legs and lessen swelling and uneasiness. Different garments are designed to give different pressure in various points in the foot and legs.
The rising number of cases of varicose veins, leg ulcers and deep vein thrombosis is amongst the important factors intensifying the growth and demand of compression therapy market. In addition, the increasing numbers of orthopedic procedures and collaborations as well as rising prevalence of sports injuries and accidents are also contributing to the growth in the global market over the forecast period of 2021 to 2028. Also the growing ageing population and presence of a large target patient population are also enhancing the growth of the market. Furthermore, the clinical evidence leading to the adoption of compression therapy for the management of target diseases is also one of the significant factors fueling the growth of the compression therapy market.
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The growing patient awareness about the benefits of compression therapy in target disease management as well as the rapid technological advancements by manufacturers focusing on providing patient comfort will further accelerate the expansion of the compression therapy market and are also is offering significant growth opportunities for the market in the forecast period of 2021 to 2028.
However, the lack of generally accepted standards for compression products as well as low patient conformity for compression garments will curb the growth of the compression therapy market, whereas the major adoption of alternative therapies for specific target indications have the potential to challenge the growth of the compression therapy market.
This compression therapy market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on compression therapy market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
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Global Compression Therapy Market Scope and Market Size
Compression therapy market is segmented on the basis of technique, product, application and end user. The growth amongst these segments will help you analyze meager growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
• Based on technique, the compression therapy market is segmented into static compression therapy and dynamic compression therapy.
• On the basis of product, the compression therapy market is segmented into compression garments, compression tapes, compression pumps, compression braces and compression pumps. Compression garments have further been segmented into compression stockings, compression bandages and wraps and others.
• On the basis of application, the compression therapy market is segmented into varicose vein treatment, deep vein thrombosis treatment, lymphedema treatment, leg ulcer treatment and others.
• The end user segment of compression therapy market is segmented into pharmacies and retailers, hospitals and clinics and e-commerce platforms.
Compression Therapy Market Country Level Analysis
Compression therapy market is analyzed and market size insights and trends are provided by country, technique, product, application and end user as referenced above.
The countries covered in the compression therapy market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa(MEA), Brazil, Argentina and Rest of South America as part of South America.
North America region leads the compression therapy market owing to the rising geriatric population, increasing incidence of chronic venous disorders and obesity and presence of favorable government reimbursement within the region. Asia-Pacific is expected to expand at a significant growth rate over the forecast period of 2021 to 2028 because of the soaring investments on R&D by key players and constant initiatives to commercialize products at a comparatively lower price in this particular region.
The country section of the compression therapy market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
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Healthcare Infrastructure growth Installed base and New Technology Penetration
Compression therapy market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for compression therapy market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the compression therapy market. The data is available for historic period 2010 to 2019.
Competitive Landscape and Compression Therapy Market Share Analysis
Compression therapy market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to compression therapy market.
The major players covered in the compression therapy market report are
• medi Deutschland
• Medtronic
• SIGVARIS GROUP
• Juzo
• PAUL HARTMANN AG
• 3M
• Spectrum Healthcare
• Bio Compression Systems, Inc.
• Gottfried Medical, Inc.
• BSN medical
• Arjo
• DJO, LLC
• Tactile Medical
• Sanyleg Srl a socio unico
• Cardinal Health
• Devon Medical Products
• THUASNE
• ACI Medical, LLC
• Ofa Bamberg GmbH
• Mego Afek ltd.
• Medline Industries, Inc.
among other domestic and global players. Market share data is available for Global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Customization Available : Global Compression Therapy Market
Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Factbook) or can assist you in creating presentations from the data sets available in the report.
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