Compression Therapy Market Key Business Priorities Worth USD 3.06 Billion By 2023 With CAGR 4.63% ; BSN Medical, Tactile Medical, SIGVARIS Sanyleg S.r.l., ArjoHuntleigh, Julius Zorn GmbH, ConvaTec Inc., DJO Global Inc., Medi GmbH & Co KG, PAUL HARTMANN AG
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The leading players in the market are BSN medical, Tactile Medical, SIGVARIS Sanyleg S.r.l., ArjoHuntleigh (Getinge Group), Julius Zorn GmbH, ConvaTec Inc., DJO Global Inc., Medi GmbH & Co KG, PAUL HARTMANN AG, and 3M Company.
Market Trend Outlook-
The Compression Therapy Market was worth USD 2.04 billion in 2014 and is expected to reach approximately USD 3.06 billion by 2023, while registering itself at a compound annual growth rate (CAGR) of 4.63% during the forecast period. Compression therapy is specially designed to support your veins and increase blood circulation. In this process pressure is evenly applied over the sore area, and squeezed to support the veins. It offers number of benefits amongst which the most popular is Pain Relief. Due to increasing the demand for Compression Therapy from all over the world owing to increasing incidences of varicose veins, arthritis, and other health problems, the market is foreseen to grow substantially.
Technique Outlook and Trend Analysis
According to the Technique the market of Compression Therapy is divided into Static and Dynamic. The static Technique in Compression Therapy market holds the largest share due to availability of various compression garments and benefits in disease management. This growth is credited to more access of such products in the treatment of oedema and injuries due to sports, in order to relieve pain and pressure. The advantages linked with static technology also drives the inclination of physicians and patients.
Deep Vein Thrombosis
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Market Analysis by Regions
Middle East And Africa (Saudi Arabia, UAE, Egypt, Nigeria And South Africa)
North America (U.S, Canada, Mexico)
Europe (Germany, France, UK, Italy, Spain, Rest Of Europe)
Asia-Pacific (Japan, China, Australia, India, South Korea, Rest Of Asia-Pacific)
Rest Of The World (Brazil, South Africa, Saudi Arabia, Turkey, United Arab Emirates, Others)
Business Overview of Compression Therapy Market
The static Technique in Compression Therapy market holds the largest share due to availability of various compression garments and benefits in disease management.
This growth is credited to more access of such products in the treatment of oedema and injuries due to sports, in order to relieve pain and pressure. The advantages linked with static technology also drives the inclination of physicians and patients.
The Compression Garment section is predicted to hold the largest share in the market due to increasing incidents of injuries in sports and aesthetics & Plastic surgeries.
According to the region, the Compression Therapy Market is segmented as North America, Asia-Pacific, Europe and South America and Middle East & Africa. The North-America region dominates the market in terms of size & value followed by Europe. The Asia-Pacific region is expected to grow with the highest compounded annual growth rate during the forecast period. This development in the regional market of APAC is mainly due to increased expenditure of population on healthcare and rising awareness about injuries and their recovery.
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Major Table of Contents:
Chapter 1. Introduction
1.1. Report Description
1.2. Research Methodology
1.2.1. Secondary Research
1.2.2. Primary Research
Chapter 2. Executive Summary
2.1. Key Highlights
Chapter 3. Market Overview
3.1.1. Market Definition
3.1.2. Market Segmentation
3.2. Market Dynamics
4. Market Analysis by Regions
5. Compression Therapy Market, By Technique
5.2. Global Compression Therapy Sales, Revenue and Market Share by Technique (2014-2018)
5.2.1. Global Compression Therapy Sales and Sales Share by Technique (2014-2018
5.2.2. Global Compression Therapy Revenue and Revenue Share by Technique (2014-2018)
5.3.1. Global Static Therapies Sales and Growth Rate (2014-2018)
5.4.1. Global Dynamic Therapies Sales and Growth Rate (2014-2018)
6. Compression Therapy Market, By Product
6.2. Global Compression Therapy Sales, Revenue and Market Share by Product (2014-2018)
6.2.1. Global Compression Therapy Sales and Sales Share by Product (2014-2018)
6.2.2. Global Compression Therapy Revenue and Revenue Share by Product (2014-2018)
6.3. Compression Garment
6.3.1. Global Compression Garment Sales and Growth Rate (2014-2018)
6.4. Compression Braces
6.4.1. Global Compression Braces Sales and Growth Rate (2014-2018)
6.5. Compression Pump
6.5.1. Global Compression Pump Sales and Growth Rate (2014-2018)
....CONTINUED FOR TOC
Application Outlook and Trend Analysis
The Application segment is fragmented into Deep Vein Thrombosis, Lymphedema, Leg Ulcer and Varicose Vein. The Varicose Vein section accounted to the largest section in the Application segment due to increasing incidents of obesity, hypertension, and degeneration. This will sky-rocket the market for Varicose Vein in coming years of study.
Reason to Buy –
• Highlights key business priorities in order to assist companies to realign their business strategies.
• The key findings and recommendations highlight crucial progressive industry trends in the Compression Therapy Market, thereby allowing players to develop effective long term strategies.
• Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
• Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
• Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals.
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