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.
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