The
Compression Therapy Market Outlook And
Analysis By Technique (Static and Dynamic), Product (Compression Garments,
Compression Pump, Compression Braces), Application (Varicose Vein, Deep Vein
Thrombosis, Lymphedema, Leg Ulcer) – Forecast Till 2030
Market
Research Future (MRFR) studied the Global compression therapy market 2020 for
the review period. As per the analysis, the compression therapy market can
thrive at 5.2% CAGR in the analysis period. By 2023, the compression therapy
market can generate considerable revenue. A comprehensive COVID 19 impact study
for the compression therapy market is presented in the report. The rise in number of new players in the
compression therapy market can favour its growth. In addition, these players
are highly focused on the introduction of modern therapeutics that can offer
maximum relief to diabetic patients, which, in turn, can contribute to the
market expansion in the review period. The rise in the application of
compression therapy in the sports sector, as sports injuries and accidents
rise, can support the expansion of the compression therapy in the analysis
period. Advances in technology and expansion of patient population, along with
surge in awareness about compression therapy among them can prompt the growth
of the compression therapy market through the study period. On the contrary,
low compliance for compression garments by patients and the availability of
alternative therapies options can curb the application of compression therapy.
This can hinder the market rise in the review period.
Market
Segmentation
The
segment evaluation of the compression therapy global market are product,
technique, and application.
The
compression therapy-based segment of the compression therapy global market are
dynamic compression therapy and static compression therapy. The prior segment
can win considerable profits for the market in the upcoming year.
The
market type-based segment of the compression therapy market share are compression pumps, compression
garments, and compression braces. The compression garments segments are
compression bandages & wraps, and compression stockings among others.
Across the analysis period, the compression pump segment can add value to the
market.
The
application-based segments of the compression therapy market are deep vein
thrombosis treatment, varicose vein treatment, leg ulcer treatment, and lymphedema
treatment among. The surge in cases of varicose vein can draw patients towards
compression therapy, thus can benefit the market in the near future.
Regional
Analysis
In
North America, the compression tape medical products market can be driven by
the intense competition among different regional players. The need for
innovation explains the high investment made by these key companies in the research
and development, which can earn long-term high value for the regional market in
the analysis period. As per MRFR regional assessment, the increase in cases of
venous leg ulcers can impact the expansion of Europe compression therapy
market. The rising omnipresence of venous ulcers patients as common chronic
problem, especially in the North region, is creating need for compression
therapy. The rise in geriatric patients count, along with the expansion of the
aged-people populace are other factors that can influence the compression
therapy market across the study period. In Asia Pacific, the expansion of
healthcare sector and the adoption of disruptive medical technologies by
different medical care providers are factors that are likely to be responsible for
the high penetration of compression therapy in the region. The Middle East and
Africa can show steady rise in compression therapy market as per capita income
is low in the region.
Key
Players
Medtronic
PLC, Cardinal Health, Inc., BSN Medical, Medi GmbH & Co. Kg, Paul Hartmann
AG, Sigvaris, Sanyleg S.R.L., 3M, Bio Compression Systems, Inc., Smith &
Nephew PLC., Tactile Medical, Convatec Inc., Getinge AB, Juzo, DJO Global Inc.,
and others are some reputed companies in the compression therapy market that are
listed by MRFR.
About
Market Research Future:
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