The global compression therapy market size is projected to reach USD 4.51 billion by 2026, exhibiting a CAGR of 5.2% during the forecast period. Rising prevalence of cancer will be a key growth driver for this market in the coming decade, finds Fortune Business Insights™ in its report, titled “Compression Therapy Market Size, Share and Industry Analysis By Product (Compression Garments {Compression Bandages, Compression Stockings, and Others}, Compression Pumps, and Others), By Application (Venous Leg Ulcer, Deep Vein Thrombosis (DVT), Lymphedema, and Others), By End User (Hospitals & Clinics, Nursing Care Centers, Home Care, and Others), and Regional Forecast, 2019-2026”. The global disease burden of cancer, according to the International Agency for Research on Cancer (IARC), rose by an estimated 18.1 million new cases in 2018.
Industry Developments:
- March 2020: SIGVARIS AG, the Swiss compression therapy specialist, launched a new line of their signature Coolflex products to accelerate the healing process of chronic vein disorders such lymphatic disorders in the arm. Made out of the company’s revolutionary compression material Spacer Fabric, the innovative family of solutions are lightweight, flexible, and cool to wear and can be used on calves, arms, and feet.
- August 2018: SIGVARIS introduced new upgrades for its COMPREFLEX® REDUCE product series. The line of offerings features individual components for thighs, boots, and knees, thereby covering the entire leg. Moreover, these products have been designed in such a way that they can be worn throughout the course of the therapy, thus reducing additional costs.
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Market Driver
Increasing Geriatric Population to Stoke Growth
The world population is aging at an astonishing rate. Demographic analysis of the UN Department of Economic and Social Affairs (DESA) suggests that by 2050, the number of people aged 60 years and above is set to double, reaching 2.1 billion. Aging entails a host of health problems and vein disorders are some of the most common ailments that inflict older people. For example, old age is a high risk factor for varicose veins as the wear & tear of valves in the veins causes the blood to flow back into the veins instead flowing towards the heart. Similarly, the incidence of deep vein thrombosis is high among the geriatric population due to reduced physical movement. Thus, expanding aging population worldwide is expected to be a major demand-puller for compression therapies, thereby augmenting the compression treatment market growth.
The report covers:
- Global Compression Therapy Market trends, with detailed analysis on consumer trends & manufacturer trends.
- Overview on supply analysis covering trends across raw material suppliers, technology providers and distributors.
- Key areas of investments identifying market opportunities and challenges in forecast timeframe.
- Competitive analysis of the industry players along with the overview on strategic management.
- Comprehensive company profiles of the major industry players.
Leading Players operating in the Compression Therapy Market are:
Key players are involved in mergers and acquisition to strengthen their market position. Owing to increasing competition frequent innovations are taking place in the market. Some of the companies operating the industry are:
- Tactile Systems Technology, Inc.
- Smith & Nephew
- medi GmbH & Co. KG
- Arjo
- SIGVARIS
- Bio Compression Systems, Inc.
- EssityAktiebolag (publ)
- PAUL HARTMANN Pty. Ltd
- 3M
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Competitive Landscape
Focused Investment in Innovate to Heat Up Competition
One of the leading compression therapy market trends is the high priority that key companies in this market are giving to R&D and innovation. This intense focus on creating novel solutions for increasingly complex health issues is enabling these players to strengthen their market presence and broaden their range of offerings.
Detailed Table of Content:
- Introduction
- Research Scope
- Market Segmentation
- Research Methodology
- Definitions and Assumptions
- Executive Summary
- Market Dynamics
- Market Drivers
- Market Restraints
- Market Opportunities
- Key Insights
- Prevalence of Venous Leg Ulcer, DVT, Lymphedema and other key indications by country/region
- Key Industry Trends
- Key Industry Developments (Mergers, Acquisitions, and Partnerships)
- New Product Launches
- Global Compression Therapy Market Analysis, Insights and Forecast, 2015-2026
- Key Findings / Summary
- Market Analysis, Insights and Forecast – By Product
- Compression Garments
- Compression Bandages
- Compression Stockings
- Others
- Compression Pumps
- Others
- Compression Garments
- Market Analysis, Insights and Forecast – By Application
- Venous Leg Ulcer
- Deep Vein Thrombosis
- Lymphedema
- Others
- Market Analysis, Insights and Forecast – By End User
- Hospitals & Clinics
- Nursing Care Centers
- Home Care
- Others
- Market Analysis, Insights and Forecast – By Country
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
- North America Compression Therapy Market Analysis, Insights and Forecast, 2015-2026
- Key Findings / Summary
- Market Analysis – By Product
- Compression Garments
- Compression Bandages
- Compression Stockings
- Others
- Compression Pumps
- Others
- Compression Garments
- Market Analysis – By Application
- Venous Leg Ulcer
- Deep Vein Thrombosis
- Lymphedema
- Others
- Market Analysis – By End User
- Hospitals & Clinics
- Nursing Care Centers
- Home Care
- Others
- Market Analysis – By Country
- U.S.
- Canada
TOC Continued….
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Report Focus:
- Extensive product offerings
- Customer research services
- Robust research methodology
- Comprehensive reports
- Latest technological developments
- Value chain analysis
- Potential Compression Therapy Market opportunities
- Growth dynamics
- Quality assurance
- Post-sales support
- Regular report updates
Reasons to Purchase this Report:
- Comprehensive analysis of the Compression Therapy Market growth drivers, obstacles, opportunities, and other related challenges.
- Tracks the developments, such as new product launches, agreements, mergers and acquisitions, geographical expansions, and joint ventures.
- Identifies market restraints and boosters.
- Identifies all the possible segments present in the market to aid organizations in strategic business planning.
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