Compression Therapy Market Analysis by Trends 2021 Size, Share, Future Plans and Forecast 2029


Posted November 28, 2023 by nirankammr

Compression Therapy Market size was valued at USD 3.69 Bn. in 2022 and the total Insulation revenue is expected to grow by 4.34% from 2023 to 2029, reaching nearly USD 4.78 Bn.

 
Compression Therapy Market Overview:

The global Compression Therapy Market Research Report 2022-2029 by Maximize Market Research is a customized and in-depth analysis of the Compression Therapy industry, with a focus on the global market trend in the same forecast period.

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Compression Therapy Market Scope:

The worldwide ” Compression Therapy Market” study looks at important industry factors including progress, segmentation, growth prospects, opportunities, challenges, and competitive analysis. The segmentation analysis focuses on revenue and forecast by region, kind, and application for the period 2021-2027. This study investigates the market size, development status, and forecast, as well as a company profile. It also provides information on the competitive climate as well as data from the most important firms.

Compression Therapy Market Drivers:

Compression therapy plays an important role for wound and ulcer care. Compression therapy can be administered using bandages, stockings, and intermittent pneumatic compression (IPC) devices. The increasing surge of the various disorders like Chronic venous disease, Cirrhosis, Angioedema, Lymphedema; wearing compression gloves and stockings helps in preventing the accumulation of fluid; has driven the market of Compression Therapy.

Moreover to ensure precise pressure control and improve compliance, a device that monitors and adjust the compression is highly desirable, Pneumatic Compression Devices (PCD) offers this possibility. The PCD which are available in 3 different types like Fixed PCDs with no mobility, Semi-portable PCDs with extended mobility and Portable PCDs where one can move freely while the device is operating are the emerging devices has further contributing to drive the Compression Therapy market.

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Compression Therapy Market Segmentation:

by Product Type

1. Post-Surgical Compression
1.1 Thrombo-Embolus deterrent
1.2 Graduated Compression socks
1.3 Other Forms of Surgical Compressions


2. Athletic Compression
2.1 Knee-length Compression socks
2.2 Compression Ankle Socks
2.3 Compression Sleeves
2.4 Compression Short&Tights
2.5 Compression Shirts&Body Suits


by Application

1. Treatment of Rheumatoid Arthritis
2. Treatment of Post Thrombic Syndrome
3. Treatment of Chronic Ulcers
4. Treatment of lymphedema

by Technology

1. Static Compression
2. Dynamic Compression



Compression Therapy Market Key Players: The key players are

1. DJO Global Inc(US)
2. Tactile Medical(US)
3. Cardinal Health, Inc.(US)
4. Bio Compression Systems, Inc(US)
5. ArjoHuntleigh (Sweden)
6. BSN Medical(Germany)
7. medi GmbH & Co KG(Germany)
8. Julius Zorn GmbH(Germany)
9. PAUL HARTMANN AG(Germany)
10. SIGVARIS MANAGEMENT AG.(Australia)
11. Smith & Nephew PLC.(UK)
12. Convatec Inc.(UK)
13. 3M Health Care (UK)
14. Sanyleg S.R.L.(Italy)
15. Covidien plc(Ireland)
16. Medtronic PLC(Ireland)

Regional Analysis:

The research report is organised into sections based on area, manufacturer, type, and application. Each category provides output estimates for the years 2021 through 2027. Consumption by Application is also supplied for the forecasted period of 2021 to 2027. Understanding the categories helps determine the importance of numerous components that contribute to market growth.

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COVID-19 Impact Analysis on Compression Therapy Market:

The research provides light on COVID-19 by considering changes in consumer behaviour and demand, purchasing patterns, supply chain re-routing, the dynamics of current market forces, and substantial government initiatives into account. Based on the market effect of COVID-19, the revised study provides insights, analysis, projections, and predictions.

Key Questions Answered in the Compression Therapy Market Report are:

Which segment grabbed the largest share in the Compression Therapy market in 2020?
How is the competitive landscape of the Compression Therapy market?
Which are the key factors aiding the Compression Therapy market growth in the forecast period (2021-2027)?
Which region held the maximum share in the Compression Therapy market in 2020?
What will be the CAGR of the Compression Therapy market during the forecast period (2021-2027)?
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Last Updated November 28, 2023