Compression Therapy Market Size | 2021 Covid-19 Impact On Healthcare Industry Global Analysis By Size, Trends, Growth, Share, Business, Key Players, Merger, Statistics, Competitive Landscape, And Regional Forecast To 2028 is latest study published by Fortune Business Insights. The Global Compression Therapy market expected to rise at 5.2% CAGR. The global “compression therapy market size” is projected to reach USD 4.51 billion by 2026. Compression Therapy Industry is segmented 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.
Key Players Operating in The Compression Therapy Market Include:
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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Global Compression Therapy Market Highlights:
The Compression Therapy Market report offers an in-depth analysis of the Compression Therapy industry and the demand drivers by highlighting information on several aspects of the market. Prudent Markets addresses all these aspects and provides the latest scoop and detailed eye-opening study on all major & emerging business segments. In addition to this, the report sheds light on the industry developments by key players, which are contributing to the expansion of this industry. The development scope, feasibility study, Compression Therapy market concentration, and maturity analysis is elaborated in this report.
Information given in the research report pertains to different technological advancements introduced in recent years, which allows for a meticulous analysis of the industry and offers a more comprehensive understanding to the readers.
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.
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Regional Analysis:
- North America (the USA and Canada)
- Europe (UK, Germany, France, Italy, Spain, Scandinavia and Rest of Europe)
- Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)
- Latin America (Brazil, Mexico and Rest of Latin America)
- Middle East & Africa (South Africa, GCC and Rest of the Middle East & Africa)
This report focuses on Compression Therapy Global Market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application. Regional analysis is another highly comprehensive part of the research and analysis study of the global market presented in the report. This section sheds light on the sales growth of different regional and country-level markets. For the historical and forecast period to 2026, it provides detailed and accurate country-wise volume analysis and region-wise market size analysis of the global market.
Healthy R&D Funding to Fuel the Market in North America
The market size in North America stood at USD 1.05 billion in 2018 backed by concerted investment in healthcare research and development by the private and public sectors. In addition to that, rising geriatric population and strong presence of global companies is anticipated to aid the region to dominate the compression therapy market share during the forecast period. In Europe, the primary growth propeller will be the development and launch of innovative products by players in the region. On the other hand, steadily increasing number of patients with lymphatic and venous conditions is expected to augur well for the market in Asia-Pacific.
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Detailed Table of Content:
1 Market Overview
1.1 Compression Therapy Introduction
1.2 Market Analysis by Type
1.3 Market Analysis by Applications
1.4 Market Analysis by Regions
1.4.1 North America (United States, Canada and Mexico)
1.4.1.1 United States Market States and Outlook (2020-2026)
1.4.1.2 Canada Market States and Outlook (2020-2026)
1.4.1.3 Mexico Market States and Outlook (2020-2026)
1.4.2 Europe (Germany, France, UK, Russia and Italy)
1.4.2.1 Germany Market States and Outlook (2020-2026)
1.4.2.2 France Market States and Outlook (2020-2026)
1.4.2.3 UK Market States and Outlook (2020-2026)
1.4.2.4 Russia Market States and Outlook (2020-2026)
1.4.2.5 Italy Market States and Outlook (2020-2026)
1.4.3 Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
1.4.3.1 China Market States and Outlook (2020-2026)
1.4.3.2 Japan Market States and Outlook (2020-2026)
1.4.3.3 Korea Market States and Outlook (2020-2026)
1.4.3.4 India Market States and Outlook (2020-2026)
1.4.3.5 Southeast Asia Market States and Outlook (2020-2026)
1.4.4 South America, Middle East and Africa
1.4.4.1 Brazil Market States and Outlook (2020-2026)
1.4.4.2 Egypt Market States and Outlook (2020-2026)
1.4.4.3 Saudi Arabia Market States and Outlook (2020-2026)
1.4.4.4 South Africa Market States and Outlook (2020-2026)
1.4.4.5 Turkey Market States and Outlook (2020-2026)
1.5 Market Dynamics
1.5.1 Market Opportunities
1.5.2 Market Risk
1.5.3 Market Driving Force
2 Manufacturers Profiles
3 Global Compression Therapy Sales, Revenue, Market Share and Competition by Manufacturer (2017-2018)
3.1 Global Compression Therapy Sales and Market Share by Manufacturer (2017-2018)
3.2 Global Compression Therapy Revenue and Market Share by Manufacturer (2017-2018)
3.3 Market Concentration Rate
3.3.1 Top 3 Compression Therapy Manufacturer Market Share in 2018
3.3.2 Top 6 Compression Therapy Manufacturer Market Share in 2018
3.4 Market Competition Trend
4 Global Compression Therapy Market Analysis by Regions
4.1 Global Compression Therapy Sales, Revenue and Market Share by Regions
4.1.1 Global Compression Therapy Sales and Market Share by Regions (2020-2028)
4.1.2 Global Compression Therapy Revenue and Market Share by Regions (2020-2028)
4.2 North America Compression Therapy Sales and Growth Rate (2020-2028)
4.3 Europe Compression Therapy Sales and Growth Rate (2020-2028)
4.4 Asia-Pacific Compression Therapy Sales and Growth Rate (2020-2028)
4.5 South America Compression Therapy Sales and Growth Rate (2020-2028)
4.6 Middle East and Africa Compression Therapy Sales and Growth Rate (2020-2028)
5 North America Compression Therapy by Country
5.1 North America Compression Therapy Sales, Revenue and Market Share by Country
5.1.1 North America Compression Therapy Sales and Market Share by Country (2020-2028)
5.1.2 North America Compression Therapy Revenue and Market Share by Country (2020-2028)
5.2 United States Compression Therapy Sales and Growth Rate (2020-2028)
5.3 Canada Compression Therapy Sales and Growth Rate (2020-2028)
5.4 Mexico Compression Therapy Sales and Growth Rate (2020-2028)
8 South America Compression Therapy by Country
8.1 South America Compression Therapy Sales, Revenue and Market Share by Country
8.1.1 South America Compression Therapy Sales and Market Share by Country (2020-2028)
TOC Continued…
KEY QUESTIONS ANSWERED:
- What is the market size and growth rate of the global and regional market by various segments?
- What is the market size and growth rate of the market for selective countries?
- Which region or sub-segment is expected to drive the market in the forecast period?
- What Factors are estimated to drive and restrain the Compression Therapy Market growth?
- What are the key technological and market trends shaping the market?
- What are the key opportunities in the market?
- What are the key companies operating in the market?
- Which company accounted for the highest market share?
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