Global Compression Therapy Market
Overview:
Compression therapy helps in alleviating and loosening the constriction in between the walls of the veins. It is mostly used for increasing flow of blood in the limbs, this is done by strengthening vein support. In this process gentle pressure s applied on the legs and ankles for stretching the walls of the veins and it also improves the overall circulation. This improved circulation helps in healing and also prevents blood from pooling in the blood vessels.
Global compression therapy market, is forecast to be valued at US$ 3,336.4 million in 2022 during the forecast period.
Impact of COVID-19:
The first case of COVID-19 China in December 2019. The WHO announced COVID-19 as a public health emergency in March 2020. The Weekly Epidemiological Update of COVID-19 by eth WHO mentioned that 545,226,550 cases of Coronavirus were reported until July 2022 globally.
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The pandemic impacted several sectors of the society and the healthcare sector was also adversely impacted. Moreover, the pandemic also affected hospitals and during the pandemic many hopsitals were suffering from unavailability of healthcare professionals in several developing nations. The pandemic affected the orthopedic field as there was a lack of doctors to treat patients a many doctors w ere deployed to treat patients suffering from COVID-19.
Drivers:
Major players are adopting inorganic growth strategies like mergers, partnerships, acquisitions and collaborations, for strengthening their position in the global compression therapy market over the forecast period. For instance, DJO Global, Inc., has acquired MedShape, Inc., which is a private orthopedic medical device company providing surgical solutions, in April 2021.
Major players are focusing on gaining t approvals for their products from regulatory authorities, this is estimated to augment growth of the global compression therapy market during the forecast period. For instance, a healthcare company, Koya Medical is developing treatment options for diseases like venous and lymphedema declared that they have gained approval from the US FDA 510(k) clearance May 2021for Dayspring their active compression therapy system. This system can be used for treating venous diseases and lymphedema which affects the lymphatic flow.
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Key Takeaways:
- Global compression therapy market is estimated to exhibit a CAGR of 5.9% during the forecast period, due to increasing incidences of lymphedema globally. For instance, the National Center for Biotechnology Information published their data in 2018, stating that globally almost 250 million individuals were suffering from lymphedema.
- Compression stocking, among product types in the global compression therapy market is anticipated to witness robust growth over the forecast period, due to increasing research and developmental activities and rising product launches. For instance, Balance Doctor declared the launch of their custom socks designed by doctor in February 2022. These have been created for treating chronic pain caused due to peripheral neuropathy, this also helps in issues related to circulation and balance.
Key players:
Key players active in the global compression therapy market are Medtronic, BSN medical, Biocompression Systems, Inc., SIGVARIS, 3M, medi GmbH & CO KG, IntelliSkin, Actile Medical, KT Health, Innothera, ElastiMed, PAUL HARTMANN AG, Devon Medical Products, DJO Global, Inc. and Devon Medical Products.
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Table of Contents
- Research Objectives and Assumptions
- Research Objectives
- Assumptions
- Abbreviations
- Market Purview
- Report Description
- Market Definition and Scope
- Executive Summary
- Market Snippet, By Technology
- Market Snippet, By Product Type
- Market Snippet, By Application
- Market Snippet, By Distribution Channel
- Market Snippet, By Region
- Coherent Opportunity Map (COM)
- Report Description
- Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- Market Opportunities
- Impact Analysis
- Pipeline Analysis
- PEST Analysis
- Regulatory Scenario
- Market Trends
- Key Highlights
- Mergers & Acquisitions
- Market Dynamics
- Global Compression Therapy Market – Impact of Coronavirus (Covid-19) Pandemic
- Economic Impact
- Impact on Clinical Trials
- Government Initiatives
- Global Compression Therapy Market, By Technology, 2017 – 2030, (US$ Mn)
- Introduction
- Market Share Analysis, 2022 and 2030 (%)
- Y-o-Y Growth Analysis, 2017 – 2030
- Segment Trends
- Static Compression Therapy
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 – 2030, (US$ Mn)
- Dynamic Compression Therapy
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 – 2030, (US$ Mn)
- Introduction
- Global Compression Therapy Market, By Product Type, 2017 – 2030, (US$ Mn)
- Introduction
- Market Share Analysis, 2022 and 2030 (%)
- Y-o-Y Growth Analysis, 2017 – 2030
- Segment Trends
- Compression Garments
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 – 2030, (US$ Mn)
- Compression Stockings
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 – 2030, (US$ Mn)
- Compression Bandages
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 – 2030, (US$ Mn)
- Compression Tapes
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 – 2030, (US$ Mn)
- Compression Pumps
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 – 2030, (US$ Mn)
- Introduction
- Global Compression Therapy Market, By Application, 2017 – 2030, (US$ Mn)
- Introduction
- Market Share Analysis, 2022 and 2030 (%)
- Y-o-Y Growth Analysis, 2017 – 2030
- Segment Trends
- Varicose Vein
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 – 2030, (US$ Mn)
- Deep Vein Thrombosis
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 – 2030, (US$ Mn)
- Lymphedema
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 – 2030, (US$ Mn)
- Leg Ulcer
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 – 2030, (US$ Mn)
- Introduction
- Global Compression Therapy Market, By Distribution Channel, 2017 – 2030, (US$ Mn)
- Introduction
- Market Share Analysis, 2022 and 2030 (%)
- Y-o-Y Growth Analysis, 2017 – 2030
- Segment Trends
- Pharmacies
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 – 2030, (US$ Mn)
- E-Commerce
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 – 2030, (US$ Mn)
- Others (Specialty Stores, Supermarkets, etc.)
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 – 2030, (US$ Mn)
- Introduction
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