Compression Therapy Market is predicted to reach $4.67 Billion during the forecast period to 2029
Compression Therapy Market Global Industry, Business, Key Players, Trends, Share, Supply Chain, Dynamics and Forecast
PUNE, MAHARASHTRA, INDIA, September 14, 2022 /EINPresswire.com/ -- Compression therapy market has long been the treatment backbone for vascular management and the treatment of wounds resulting from venous insufficiency. Several benefits of compression therapy include management of edema and improvement of venous return. However, many patients cannot tolerate the compression stockings and bandages commonly used in this therapy.
The compression therapy market is expected to be dominated by compression garments. This is primarily due to the widespread use of compression garments for a variety of causes including varicose veins, edema, DVT, and lymphedema, as well as for the treatment of various chronic conditions. Data Bridge Market Research analyzes that the compression therapy market was valued at $3.0 billion in 2021 and is projected to reach $4.67 billion by 2029, and is expected to grow at a CAGR of 5.7% during the forecast period of 2022 to 2029.
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Some of the major players operating in the compression therapy market are:
medi GmbH & Co. KG (Germany)
Medtronic plc (Ireland)
SIGVARIS GROUP. (US)
Juzo (Germany)
PAUL HARTMANN AG (Germany)
3M (EU)
Spectrum health. (India)
BIOCOMPRESSION SYSTEMS (USA)
Gottfried Medical, Inc. (USA)
BSN Medical (Germany)
Arjo. (Sweden)
DJO, LLC (USA)
Medical Touch (USA)
SANYLEG SRL with sole shareholder (Italy)
Cardinal Health. (US)
Devon Medical Products (USA)
THUASNE SAS (United States)
ACI Medical, LLC (USA)
Ofa Bamberg GmbH (Germany)
Mego Afek AC Ltd. (Israel)
Medline Industries, Inc. (USA)
Compression Therapy Market Dynamics
drivers
Increased number of sports injuries and accidents
Compression therapy is becoming increasingly popular due to variables such as the increasing prevalence of sports injuries, car accidents, excessive weight gain or obesity, and the long-term static nature of the human body.
Increased population aging
Increasingly in the geriatric population suffering from arthritis due to the onset of other chronic conditions such as heart disease, diabetes and obesity, requiring compression therapy in their daily lives to lead a better life.
Recent technological developments
Rapid technological advances in wound care, as well as an increase in the number of preventive care and rehabilitation clinics using this type of therapy for patients.
opportunities
Additionally, increased patient awareness of treatment options is expected to provide potential opportunities for compression therapy market growth in the coming years.
Restrictions/Challenges
On the other hand, the accessibility of substitution treatments is expected to hamper the growth of the compression therapy market during the target period. However, reduced compliance due to user discomfort could still challenge the growth of the compression therapy market in the near future.
This Compression Therapy Market report provides details on recent new developments, trade regulations, import and export analysis, production analysis, value chain optimization, market share, the impact of domestic and localized market players, analyzes opportunities in terms of emerging revenue pockets, market changes regulations, strategic market growth analysis, market size, market category growth, niche and domain applications, product approvals, product launches, geographic expansions, technological innovations in the market. For more information on the Compression Therapy market, please contact Data Bridge Market Research for an analyst summary.
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Global Compression Therapy Market Scope and Market Size
The compression therapy market is segmented on the basis of technique, product, application, and end user. Growth among these segments will help you analyze weak growth segments in industries and provide users with valuable market information and market insights to help them make strategic decisions to identify leading market applications.
Technical
Static compression therapy
Dynamic compression therapy
Based on technique, the compression therapy market is segmented into static compression therapy and dynamic compression therapy.
Product
compression garments
compression bandages
compression pumps
compression straps
compression pumps
Based on product, the compression therapy market is segmented into compression garments, compression bands, compression pumps, compression braces, and compression pumps. Compression garments have been subdivided into compression stockings, compression bandages and wraps, and others.
Request
Varicose vein treatment
Treatment of deep vein thrombosis
Lymphedema Treatment
Treatment of leg ulcers
The others
Based on the application, the compression therapy market is segmented into varicose vein treatment, deep vein thrombosis treatment, lymphedema treatment, leg ulcer treatment, and others.
final user
Pharmacies and retailers
Hospitals and Clinics
e-commerce platforms
Based on the end user, the compression therapy market is segmented into pharmacy & retail, hospital & clinic, and e-commerce platforms.
Regional Compression Therapy Market Analysis/Summaries
The Compression Therapy market is analyzed, and insights and market size trends are provided by country, technique, product, application, and end user, as listed above. Countries Covered in Compression Therapy Market Report are USA, Canada, and Mexico, North America, Germany, France, UK, 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 Asia-Pacific (APAC), Saudi Arabia, United Arab Emirates, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as part of the Middle East and Africa (MEA),
North America dominates the compression therapy market due to the increasing aging of the population and the rising prevalence of chronic venous disorders and obesity. Additionally, the occurrence of appropriate government reimbursement will further drive the growth of the compression therapy market in the region during the forecast period. Asia-Pacific is expected to see significant growth in the compression therapy market owing to increasing investment in research and development by major key players. In addition, continued initiatives to bring products to market at a lower price point are expected to further drive the growth of the compression therapy market in the region in the coming years.
Browse Complete TOC At :-https://www.databridgemarketresearch.com/toc/?dbmr=global-compression-therapy-market
The country section of the report also provides individual market impact factors and regulatory changes in the national market that affect current and future market trends. Data points like upstream and downstream value chain analysis, technical trends, and bearer five forces analysis, case studies are some of the indicators used to forecast the market scenario for each country. In addition, the presence and availability of global brands and the challenges they face due to significant or rare competition from local and national brands, the impact of domestic rates and trade routes are considered while providing forecast data analysis. nationals.
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About Data Bridge Market Research:
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