This report provides exclusive insights into the COVID-19 impact on the Compression Therapy Market. The detailed analysis provides information about the impact of the outbreak on the demand and supply conditions, trends and forecasts of the Compression Therapy Market. Moreover, the impact analysis covers the study of the COVID-19 on the supply chain of Compression Therapy Market. The sectoral impact shall provide insights into both short term and long term effects of the pandemic on the related and support industries.
A recent report published by
Infinium Global Research on compression therapy market provides in-depth
analysis of segments and sub-segments in the global as well as regional
compression therapy market. The study also highlights the impact of drivers,
restraints, and macro indicators on the global and regional compression therapy
market over the short term as well as long term. The report is a comprehensive
presentation of trends, forecast and dollar values of global compression
therapy market. According to the report, the global compression therapy market
is projected to grow at a CAGR of 5.9% over the forecast period of 2019-2025.
Compression therapy involves
wearing specially designed bandages, hosiery, socks or stockings, tapes for
strengthening the support for veins and thereby increasing the blood
circulation in the legs. Compression therapy materials apply gentle pressure to
the ankles and legs. It helps in controlling the discomfort and swelling of
legs. During the therapy, due to compression, muscular vibration is reduced
significantly and delayed muscle soreness is prevented. This method is useful
for treating venous ulcer, swelling of ankles and legs by using specialized
stockings, Bandage, and Tapes. This therapy is also used to treat varicose
veins and Post-thrombotic syndrome
Globally, the presence of a large
geriatric population with specific healthcare requirements related to venous or
limb ailments is a prime factor that is anticipated to drive the growth of the
compression therapy market. Increasing awareness about various venous diseases
and injuries, along with the increase in participation in adventure and
sporting activities are the major factors driving the growth of the compression
therapy market. On the other hand, the absence of health reimbursement policies
related to compression therapy treatment in developed economies is a major
restraint for the global compression therapy market. Moreover, increasing
investments and the unmet demand for compression therapy provide an opportunity
for major players in the emerging and developing economies. Improving the
awareness about advanced compression therapy products among physicians and the
public in non-developed markets is a challenge for the major players to expand
further during the forecast period.
Regionally, North America holds
the maximum market share in the compression therapy market followed by Europe.
Rapidly increasing instances of obesity and vascular diseases are promoting the
growth of compression therapy in the North America region. Additionally, increasing
instances of arthroplasty surgeries is contributing to the growth of North
America compression therapy market. Furthermore, Asia Pacific is the fastest
growing region in this market owing to the High prevalence of sports-related
injuries, chronic ailments such as diabetes and obesity, and affordability
among the young population with growing disposable income.
The report on the global compression
therapy market covers segments such as product, technology, and application. On
the basis of product, the sub-markets include stocking, bandage, and tape. On
the basis of technology, the sub-markets include static compression and
dynamic compression. On the basis of application, the sub-markets include
varicose vein treatment, leg ulcer treatment, and others.
The report provides profiles of
the companies in the market such as Medtronic plc, BSN medical Inc., Thuasne SA, Smith
& Nephew PLC, Julius Zorn GmbH, Arjo Huntleigh Healthcare India Private Ltd, Bio Compression Systems, Inc., PAUL
HARTMANN AG, Medi GmbH & Co., and Other Companies.
The report provides deep insights
into the demand forecasts, market trends, and micro and macro indicators. In
addition, this report provides insights into the factors that are driving and
restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis
given in the report brings an insight into the investment areas that existing
or new market players can consider. The report provides insights into the
market using analytical tools such as Porter's five forces analysis and DRO
analysis of compression therapy market. Moreover, the study highlights current
market trends and provides forecast from 2019-2025. We also have highlighted
future trends in the market that will affect the demand during the forecast period.
Moreover, the competitive analysis given in each regional market brings an
insight into the market share of the leading players.