The
Compression Therapy Market Insights And Overview By Technique, Product,
Application– Forecast Till 2032
The
Compression Therapy Market is supposed to develop USD 5.2 Billion at CAGR of 5.4%
during the conjectured time frame 2023-2032. 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 favor 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.
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.
Market
Segmentation
The
segment evaluation of the market compression 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 insights type based segment of the compression therapy global market 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 trends 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 therapy 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.
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