SMI released new research on Global Compression Therapy covering the micro-level of analysis by competitors and key business segments. The study provides point-by-point In-Depth comprehensive valuable insights on the market development activities demonstrated by industry players, growth opportunities, and market size for the global Compression Therapy Market, complete with analysis by key segments, leading and emerging players, and geographies. The research is carried out on primary and secondary statistics sources and it consists of both qualitative and quantitative detailing. The report provides information on market trends and development, growth drivers, technologies, and the changing investment structure of the Global Compression Therapy Market.
Compression Therapy Research Report Highlight –
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Compression Therapy Market – Overview
Cold compression therapy, more commonly known as ice therapy, combines two of the most important tenets of rest, compression, and elevation to reduce swelling and pain in a sports or physical activity injury, usually of the soft tissue variety. Ice therapy uses ice wrapped in an ice pack placed directly on the injured area for ten to fifteen minutes. The ice is said to be beneficial because it alters the cells in the body and reduces inflammation, pain, swelling, and blood flow to the site of the injury. The increased blood flow aids in healing and the decreased circulation tighten up tight muscles which helps the muscles to heal quicker and become stronger. The global compression therapy market focuses on six regions namely North America, Latin America, Europe, Asia Pacific, Middle East, and Africa. The global compression therapy market is expected to witness significant growth during the forecast period, owing to the increasing number of orthopedic procedures.
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Compression Therapy Market – Drivers
Increasing incidence of sports injuries and road accidents is expected to drive the growth of the global compression therapy market during the forecast period. According to the World Health Organization (WHO), around 20 to 50 million suffer non-fatal injuries in road accidents with around 1.34 million dying in road accidents each year worldwide. Compression therapy uses compression socks, stockings, and boots to apply gentle pressure to the leg. Hence, such factors are expected to drive the growth of the compression therapy market during the forecast period. Furthermore, an increasing number of orthopedic procedures is expected to propel the global compression therapy market growth over the forecast period.
Market Restraint –
Lack of universally accepted standards for compression products is expected to restrain the growth of the global compression therapy market during the forecast period.
Regional Insights –
Among regions, North America is expected to witness significant growth in the global compression therapy market during the forecast period. This is owing to high awareness regarding the early diagnosis of arthritis and sports-related injury across the region. Furthermore, Asia Pacific is expected to register a robust growth rate, owing to the presence of a large patient population and modernization of healthcare facilities in the region.
Competitive Section –
Key companies involved in the global compression therapy market are 3M, Nike, BSN Medical, Adidas, Zimmer Biomet, Medtronic, Smith & Nephew, Getinge, and ConvaTec.
For instance, in May 2020, ARIOS Medical Inc., a medical technology company, launched a new compression therapy device and garment system ARIOS 6 Device and Arm Plus Garment to treat breast cancer patients.
Compression Therapy Market – Segmentation
By Product Type, the market is primarily segmented into:
- Static Compression Therapy
- Dynamic Compression Therapy
By Applications, the market is segmented into:
This Report lets you identify the opportunities in Compression Therapy Market by means of a region –
⊚ North America (the United States, Canada, and Mexico)
⊚ Europe (Germany, UK, France, Italy, Russia and Turkey, etc.)
⊚ Asia-Pacific (China, Japan, Korea, India, Australia and Southeast Asia (Indonesia, Thailand, Philippines, Malaysia, and Vietnam))
⊚ South America (Brazil etc.)
⊚ The Middle East and Africa (North Africa and GCC Countries)
Significant Point Mentioned in the Research report –
- The Compression Therapy market overview, market dynamics, market growth, etc. are cited in the report.
- Significant manufacturers have been mentioned in the technical data report.
- The study provides historical Compression Therapy market data with revenue predictions and forecasts from 2021 to 2028.
- This report is a valuable asset for the existing players, new entrants, and future investors
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Key Questions Answered by the Report –
- What is the estimated market size for the year 2021?
- What will be market growth till 2028, and what will be the resultant market size over the next Eight Years?
- What is the Impact of Covid-19 on market growth? How is Industry mitigating the associated risk, and overcoming the associated challenge?
- What are key market drivers, restraints, and future opportunities? How are they impacting the market dynamics and subsequent analysis of the associated trends?
- Which segment or region will drive or lead market growth, and Why?
- Who are the entities in the ecosystem of the market? How are they connected? How are they performing?
- A comprehensive mapping of all the market participants, and detailed competitive intelligence on each of them.
- What are the key strategies adopted by market players? An in-depth analysis of these strategies and their impact on competition and revenue growth.
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