Compression Therapy Market: Global Industry Analysis, Trends, Market Size & Forecasts up to 2023

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Compression Therapy Market Global Industry
Analysis, Trends, Market Size Forecasts up to
2023
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The report on Compression Therapy Market by
product(compression pump, compression bandage,
compression stocking and compression tape),
disease condition (lymphedema, VTE and others),
technology(static, dynamic) trends analysis and
forecasts up to 2023 studies the market sizes,
key trends and opportunities in the main
geographies such as North America, Europe,
Asia-Pacific, Rest of the World. According to
the report the Global Compression Therapy Market
is projected to grow at a CAGR between 5.0 to
5.5 in terms of value over the period of
2017-2023. The growth in the world market is
primarily driven by significant contribution by
North America (Leading region) region to this
market. Get a Sample Request-
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eSampleRequest/25 Market Insights Globally, the
presence of 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. Compression pumps segment is expected to
be the fastest growing segment in the global
compression therapy market, due to the
increasing number of patients with chronic
illnesses related to limbs. Static compression
therapy segment accounts for majority of revenue
in the global compression therapy. Easier
application as well as removal drives the
increasing usage of the static compression
therapy products. As dynamic compression therapy
devices promote better fluid movements and
emulate the lymphatic system, they help in
faster healing of the wounds. Moreover, it
reduces therapeutic cost, due to shorter duration
of treatment. Hence, this segment is expected to
attain significant growth during the forecast
period. The presence of huge number of diabetes
patients is expected to drive the growth of the
market, as it is an effective treatment for
diabetic patients with swollen ankles, legs, or
feet. The segment that includes compression
garments such as leggings, shirts, and stockings
is anticipated to grow significantly during the
forecast period. Increasing number of injuries
related to adventure and sporting activities are
anticipated to
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enhance the growth of the global compression
therapy market. The advanced compression therapy
treatment for joints ache and muscle soreness is
expected to attract more demand during the
forecast period. Increasing number obesity as
well as orthopaedic cases is expected to drive
the growth of the global compression therapy
market. The initiatives taken by clinics,
hospitals and other healthcare institutions to
store compression therapy garments and devices
and utilize for treatments for various medical
conditions is anticipated to generate more
awareness about the benefits among patients and
it is expected to enhance the growth of the
global compression therapy market during the
forecast period. Absence of health reimbursement
policies related to compression therapy treatment
in developed economies is a major restraint for
the global compression therapy market. Lack of
awareness about the indication of disease or
injuries and the benefit of using compression
therapy products is expected to be a restraint
for the growth of compression therapy market in
some regions. Increasing investments and the
unmet demand for compression therapy provide
opportunity for major players in the emerging and
developing economies. Improving the awareness
about advanced compression therapy products among
physicians and public in non- developed markets
is a challenge for the major players to expand
further during the forecast period. Segments
Covered The report segments the global
compression therapy market by product, disease
condition, technology and region. The
segmentation based on product includes
compression pump, compression bandage,
compression stocking and compression tape. On
the basis of disease condition, the market is
segmented as lymphedema, VTE and others. On the
basis of technology, the market is segmented as
static and dynamic Make an Enquiry-
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eEnquiryRequest/25 Geographic Coverage and
Analysis The report provides regional analysis
covering geographies such as North America,
Europe, Asia-Pacific, and Rest of the World.
North American region dominates the global
compression therapy market with more than
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45 of the market share in 2014-2015.USA drives
the North American compression therapy market,
due to the increasing instances of obesity and
vascular diseases. The presence of a large
geriatric population in the region is a major
factor in increasing demand for compression
therapy products. Increasing instances of
anthroplasty surgeries in the region is expected
to drive the growth of the market during the
forecast period. Europe is the second largest
compression therapy market with over 30 global
market share. Increasing number of injuries
related to adventure and sporting activities
among teenage and youth in countries such as
France, Germany, Italy, Spain and United Kingdom
drives the growth of the compression therapy
market in Europe. Increasing investments in the
healthcare sector, presence of large geriatric
population, increasing number of people with
chronic ailments such as diabetes and obesity,
and affordability among the young population
with disposable income are the major factors that
drive the growth of the Asia-Pacific compression
therapy Market. High demand from countries such
as China, Japan, India and South Korea enhance
the growth of the Asia- pacific compression
therapy market. Sports related injuries in South
East Asia are expected to be a factor for the
growth of the market during the forecast period.
Increasing demand for compression therapy
treatments and products in the countries such as
Brazil and Mexico drives the growth of Latin
American compression therapy market. Increasing
demand for compression garments is expected to
drive the growth of compression therapy market in
Middle East. Moreover, the presence of good
healthcare facilities is expected to enhance the
growth of the market relative to the awareness
about the benefits of the compression
therapy. Developing countries in Africa are
expected to provide opportunity for the major
players to target the unmet requirement for
various venous, injuries and other limb related
illnesses during the forecast period. Companies
Profiled 3M BSN Medical GmbH Medtronic PLC,
SIGVARIS Paul Hartmann AG Bio Compression
Systems, Inc
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ArjoHuntleigh Julius Zorn GmbH Smith Nephew
PLC Thuasne SA Click the Below Full Report-
https//www.infiniumglobalresearch.com/healthcare_
medical_devices/global_compression_therapy_mark
et Report Highlights The report provides deep
insights on demand forecasts, market trends and
micro and macro indicators. In addition, this
report provides insights on the factors that are
driving and restraining the demand of
compression therapy globally as well as
regionally. Moreover, IGR-Growth Matrix analysis
given in the report brings an insight on the
investment areas that existing or new market
players can consider. The report provides
insights into the market using analytical tools
such as Porters five forces analysis and DRO
analysis of compression therapy. Moreover, the
study highlights current market trends and
provides forecast from 2017 to 2023. We also have
highlighted future trends in the compression
therapy market that will impact the demand during
the forecast period. Moreover, the competitive
analysis given in each regional market brings an
insight on the market share of the leading
players. Additionally, the analysis highlights
rise and fall in the market shares of the key
players in the market. This report will help
manufacturers, suppliers and distributors of the
compression therapy market to understand the
present and future trends in this market and
formulate their strategies accordingly.