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The Next 10 Years To Fructify At US$ 3,232.3 Million For Compression Therapy Devices Market Between 2021

August 16th, 2021 Persistence Market Research Releases

The Compression Therapy Devices Market Share is expected to witness a CAGR of 5.2% between 2021 (reaching US$ 3,232.3 Million). Vertical integration is the latest trend concerning the healthcare vertical. As such, drug manufacturers, hospital systems, wholesale distributors, PBMs (pharmacy benefit managers), medical insurers, and retail pharmacy outlets are into the formation of exclusive synergies all over the healthcare vertical.

According to a new market report published by Persistence Market Research “Global Market Study on Compression Therapy – Asia to Witness Highest Growth by 2020”, the global compression therapy market was valued at USD 2,377.8 million in 2014 and is expected to expand at a CAGR of 5.2% from 2014 to 2020, to reach USD 3,232.3 million by 2020.

Compression therapy is a procedure entailing the delivery of an external force to tired and aching legs and other relevant anatomical targets where compression is required for management. This therapy is used to treat venous and lymphatic diseases such as lower limb edema, venous eczema, deep vein thrombosis, and diabetic foot ulcers.

How About Looking Through The Sample Of Compression Therapy Devices Market Report? https://www.persistencemarketresearch.co/samples/3064

Some of the major players in the compression therapy market:

  • SIGVARIS
  • BSN medical GmbH.
  • PAUL HARTMANN AG.
  • Julius Zorn GmbH.
  • ArjoHuntleigh
  • THUASNE
  • Smith & Nephew plc.
  • medi GmbH & Co. KG.
  • Medtronic plc.

How About Step-By-Step Insights To Compression Therapy Devices Market? Look Through The “Methodology” Employed! https://www.persistencemarketresearch.co/methodology/3064

Globally, the market for compression therapy is witnessing significant growth due to the increasing prevalence of diabetes, growth of the aging population, high incidence of sports injuries, rising awareness about various venous diseases, and the advanced features of compression therapy garments and devices.

However, inadequate reimbursement policies and the risk of complications associated with compression therapy systems inhibit the growth of the market. The global compression therapy market is anticipated to grow from an estimated USD 2,377.8 million in 2014 to USD 3,232.3 million by 2020 at a CAGR of 5.2% during the forecast period.

North America dominates the compression therapy market due to increasing numbers of sports injuries in the region. For instance, according to Safe Kids Worldwide, a global organization dedicated to preventing injuries in children, every year about 1.3 million cases of sports injuries among youngsters are registered in the U.S. Increasing prevalence of diabetes, aging population, and rising obesity are also supporting the growth of compression therapy market in North America.

Want To Keep A Tab On The Latest Findings In The Compression Therapy Devices Market? Purchase Our Compression Therapy Devices Market Report Now! https://www.persistencemarketresearch.com/checkout/3064

The compression therapy market in Europe is growing due to rising incidence of sports injuries in the region. According to the European Injury Database (IDB), approximately 4.5 million people above 15 years of age are treated in hospitals for sports injuries every year in the region. In addition, increasing the prevalence of diabetes and the growth of the aging population are also supporting the growth of the compression therapy market in Europe.

Asia is the fastest-growing region in the compression therapy market. According to the Asian Federation of Sports Medicine (AFSM), a part of International Federation of Sports Medicine (FIMS), on average 21,334 sports injuries occur every year in the region. Moreover, a growing aging population and increasing prevalence of diabetes are also supporting the growth of the compression therapy market in the region.

Explore Extensive Coverage of Persistence Market Research’s Healthcare Industry

Related Reports:

Microbiome Therapeutics Market:

Persistence Market Research estimates that the global market for microbiome therapeutics is expected to surpass US$ 890 Mn by 2025 end, exhibiting an exponential CAGR of 62.9% over 2018–2025.

Endodontics and Orthodontics market:

Persistence Market Research (PMR) opines that the Endodontics and Orthodontics market is poised to surpass a promising CAGR of 5.2% with a market valuation crossing over US$ 4,593.9 Mn through 2028.

Advanced Wound Dressing Market:

The global advanced wound dressing market is projected to exhibit a CAGR of 3.5% during the forecast period (2020–2030).

About Us:

Persistence Market Research is here to provide companies a one-stop solution with regards to bettering customer experience. It does engage in gathering appropriate feedback after getting through personalized customer interactions for adding value to customers’ experience by acting as the “missing” link between “customer relationships” and “business outcomes’. The best possible returns are assured therein.

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