According to the current analysis of Reports and Data, the global Compression Therapy Market valued at USD 3.07 Billion in 2021 and is expected to reach USD 4.79 Billion by the year 2030, at a CAGR of 5.08%. Compression therapy is a therapy where by it acts by increasing the blood flow especially in the lower limbs by strengthening vein support. It intents a gentle application of the pressure to the ankles and legs by compression garments which helps in supporting the legs. It is like an elastic garment whereby generating pressure goes up to the leg. The stockings act as a replicated muscle, its acts by adding some pressure to constricting areas of the legs where there is less flow of blood and to reduce the pain in the lower limbs as the veins loosen up.
Vein disorders leg ulcers, deep vein thrombosis, lymphedema, blood clots and varicose veins they are key drivers to this market. Products, includes stockings, bandages, garments that are being used to treat them. With the rise in the technological advancement and also increase incidence in disease population, compression therapy is gaining importance as it also acts as an OTC product these are the factors are expected to fuel the market for the further growth
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The global Compression Therapy market has significantly grown over the recent past and is expected to register rapid growth over the forecast period. The pharma and healthcare sector is rapidly evolving with innovations in technology, increasing healthcare spending and improving healthcare facilities and systems. Many hospitals, ambulatory surgical care centers and clinics across the globe are adopting advanced devices and equipment. Revenue growth of the global Compression Therapy market is significantly driven by factors such as increasing prevalence of chronic diseases, rapid advancements in healthcare and medical sector, high adoption of latest tools and techniques and growing funds by several public and private sectors. In addition, rising focus on drug development, increasing demand for precision medicine, high adoption of home care settings and point-of-care diagnostics, increasing investments in research and development activities are expected to drive global market revenue growth during the forecast period.
Competitive Outlook of the Global Compression Therapy Market
The globla Compression Therapy market study focuses on the revenue growth trajectories of the leading companies in this market. This section of the report throws light on the highly competitive landscape of the Compression Therapy market, pointing out the major players. The report further discusses the strategic initiatives undertaken by each of these market players, including mergers acquisitions, collaborations, joint ventures, new product launches, new business deals, and technological innovations.
Top Companies Profiled in the Report:
BSN medical (Germany), DJO Global Inc. (U.S.), medi GmbH Co KG (Germany), Tactile Medical (U.S.), PAUL HARTMANN AG (Germany), and SIGVARIS (Switzerland). Sanyleg S.r.l. (Italy), 3M Company (U.S.), Tactile Medical (U.S.), ConvaTec Inc. (U.K.), ArjoHuntleigh (Getinge Group) (Sweden), and Julius Zorn GmbH (Juzo) (Germany)
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The report is inclusive of product type outlook, application spectrum, end-use outlook, technology landscape, regional market analysis, and competitive overview.
Compression Therapy Market Segmentation:
Product Outlook (Revenue, USD Billion; 2019-2030)
- Compression Garments
- Compression Braces
- Compression Pumps
- Compression Bandages
- Compression Stockings
Technique Outlook (Revenue, USD Billion; 2019-2030)
- Static Compression Therapy
- Dynamic Compression Therapy
Application Outlook (Revenue, USD Billion; 2019-2030)
- Varicose Vein
- Venous Leg Ulcer
- Deep Vein Thrombosis
End-Use Outlook (Revenue, USD Billion; 2019-2030)
- Hospitals and Clinics
- Nursing Care Centers
- Pharmacies and Retailers
Geographic Segment Covered in the Report:
The Compression Therapy report provides information about the market area, which is further subdivided into sub-regions and countries/regions. In addition to the market share in each country and sub-region, this chapter of this report also contains information on profit opportunities. This chapter of the report mentions the market share and growth rate of each region, country, and sub-region during the estimated period.
- North America (USA and Canada)
- Europe (UK, Germany, France and the rest of Europe)
- Asia Pacific (China, Japan, India, and the rest of the Asia Pacific region)
- Latin America (Brazil, Mexico, and the rest of Latin America)
- Middle East and Africa (GCC and rest of the Middle East and Africa)
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