Compression Therapy Market Overview
The surge in cases of arthritis is estimated to promote the compression therapy market in the coming period. The healthcare industry reports are formed by Market Research Future, emphasizing market opportunities for growth. A 5.2% CAGR is assessed to promote the global market in the course of the forecast period.
The enhanced accessibility to treatment facilities and expertise is projected to significantly affect the compression therapy market share in the forthcoming period. The intensifying patient understanding related to compression therapies is foreseen to compression therapy market growth in the impending period.
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Compression Therapy Market Segmental Analysis
The compression therapy market’s segmental overview is conducted based on product, application, technique, and region. The compression therapy market is segmented into dynamic compression therapy and static compression therapy based on the technique. On the basis of regions, the compression therapy market is segmented into Europe, Asia Pacific, the Middle East, the Americas, and the African region. The compression therapy market is segmented into compression pumps, compression garments, and compression braces based on the product. The compression therapy market’s application-based segmentation comprises deep vein thrombosis treatment, varicose vein treatment, leg ulcer treatment, lymphedema treatment, and others.
Compression Therapy Market Detailed Regional Analysis
The compression therapy market regional appraisal consists of Europe, Asia Pacific, the Middle East, the Americas, and the African region. The Americas compression therapy market controlled the global market because of the foremost market companies and advanced economies like the US and Canada. The regional market of the Asia Pacific compression therapy was expected to be the speediest growing region in 2017. The factors such as the growing dispersion of the market companies inside the region, increasing healthcare sector, and escalating healthcare spending are inspiring the compression therapy market of the Asia Pacific region. The Middle Eastern and African regions held the minimum portion of the compression therapy market due to the depleted per capita income, specifically in the African region.
Compression Therapy Market Competitive Analysis
The reemergence of consumer demand and financial viability is estimated to provide optimistic chances for the companies’ development in the forecast period. The role of medium size development is expected to be significant in revitalizing the global economy through the forecast period. The global pandemic’s economic repercussions have been felt far and wide in the global market, with several critical revenue generation sectors feeling the aftershocks of this event. The revision of standard operation plans is estimated to be undertaken in a significant way to ensure adjustment to the new working environment. The need to refocus on the technology perspective of conducting business is evaluated to help stabilize the market’s growth potential in the forecast period. Furthermore, there is a growing need to fast-track development areas in the market so that they can be leverage when the next phase of growth hits the global market. The need to construct resilient and reliable communication channels in the market is estimated to create the synergy level required to boost the next phase of development in the market through the forecast period.
The renowned players in the compression therapy market are Convatec Inc., Bio Compression Systems, Inc., Sigvaris, Medi GmbH & Co. Kg, 3M, Medtronic PLC, Cardinal Health, Inc., BSN Medical, Sanyleg S.R.L., Tactile Medical, DJO Global Inc., Smith & Nephew PLC., Getinge AB, Paul Hartmann AG, Juzo and others.
Compression Therapy Industry Updates:
Aug 2020 A trial conducted to prove that compression therapy seems to prevent recurrent leg cellulitis more suitably than conservative management has observed positive results. The study was a single-center, randomized, non-blinded trial. It involved 183 patients with chronic edema of the leg and recurring cellulitis, in a 1:1 ratio, to obtain leg compression therapy in addition to education on cellulitis prevention or education alone.
Table Of Contents:
Chapter 1. Report Prologue
Chapter 2. Market Introduction
2.2 Scope Of The Study
2.2.1 Research Objective
Chapter 3. Research Methodology
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
Chapter 4. Market Dynamics
4.4 Macroeconomic Indicators
4.5 Technology Trends & Assessment
Chapter 5. Market Factor Analysis
LIST OF TABLES
Table 1 Compression Therapy Market Synopsis, 2018–2023
Table 2 Compression Therapy Market Estimates And Forecast, 2018–2023 (USD Million)
Table 3 Global Compression Therapy Market, By Region, 2018–2023 (USD Million)
Table 4 Global Compression Therapy Market, By Technique, 2018–2023 (USD Million)
Table 5 Global Compression Therapy Market, By Product, 2018–2023 (USD Million)
Table 6 Global Compression Therapy Market, Application, 2018–2023 (USD Million)
LIST OF FIGURES
Figure 1 Research Process
Figure 2 Segmentation For Global Compression Therapy Market
Figure 3 Market Dynamics For Global Compression Therapy Market
Figure 4 Compression Therapy Market Share, By Technique,2017
Figure 5 Compression Therapy Market Share, By Product,2017
Figure 6 Compression Therapy Market Share, Application, 2017
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