Latest Study on Global Compression Therapy Market: Estimated to Surpass US$ 4.69 billion, Globally, by 2025| Top Vendors; Hartmann, Medtronic, 3M Healthcare, Gottfried, and Spectrum

AnalystView Market Insights always aims at offering an in-depth and comprehensive analysis on different industry domains. This newly published market research report on the Global Compression Therapy Market is a significant part of AnalystView Market Insights’ machinery portfolio and represents detailed insights into the market space for compression therapy. The report on the global compression therapy market is our commitment to fulfill our client’s requirements by providing comprehensive and in-depth industry for market.

The global compression therapy market is expected to grow at growth rate of 6.1% to reach USD 4.69 billion by 2025. This comprehensive study reveals the market estimate numbers for different market segments. Along with that, the study covers qualitative insights, strategic benchmarking and thorough competitive landscaping in the report spreading over 106 pages.

Compression therapy refers to the use of specialized bandages and stockings for the management and treatment of lymphedema and chronic venous diseases. This therapy includes the use of products such as tubular bandages, hosiery, bandage systems, and others. Collective use of these systems is aimed to develop gradual pressure to lower limb in order to reduce edema and to improve venous return. Compression therapy is considered to be a cornerstone for the treatment of conditions such as venous insufficiency, varicose veins and to reduce ulcer recurrence. According to the International Journal of Health Sciences (IJHS), chronic venous insufficiency affects more than 50% of the adult population worldwide. Growing incidences of such conditions are expected to increase the demand for this technology, thus bolstering the industry growth.

Further, an introduction of new and innovative products by key players in this segment is also driving the product demand significantly. For instance, in July 2016, Medtronic plc introduced VariLoc Locking Compression Plate System in China. This system enables the physicians to capture fracture fragments and thus, position screw precisely. Such types of new developments would, in turn, boost the utilization of these products, augmenting the market growth. Furthermore, rising incidences of sports injuries, technological advancements, and growing awareness are projected to boost the product uptake in the future period. However, compression therapy is often used sub-optimally in physician practices due to lack of proper knowledge regarding the benefits of this therapy. As a result, patients in low and middle-income countries avoid using such therapies, hence hampering the industry growth to some extent.

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Key Takeaways:

• Of the different products, stockings captured a significant share of the total market as it is widely used for the treatment of varicose veins due to its various benefits.
• Compression therapy for varicose veins support healthy blood circulation and helps in preventing such conditions
• Compression pumps segment is growing with the highest CAGR (i.e. 8.1%) owing to the high demand coupled with the introduction of technologically advanced pumps by key players
• Regionally, North America and Europe are the largest regions, accounted for more than 75% share of the global market throughout the study period
• Rising research and development activities, aging population, and increasing product awareness are some of the factors driving the industry growth in these regions
• Asia Pacific region is anticipated to grow with the highest growth rate over the future period
• Companies such as Hartmann, Medtronic, 3M Healthcare, Gottfried, and Spectrum are profiled in the study
• This industry is highly competitive in nature. Most notable participants are Sigvaris, Medi GmbH, BSN Medical which accounts for a considerable share of the market owing to their extensive product offerings.

Browse full research highlight with in-depth ToC on “Compression Therapy Market, By Product, By Application and Geography– Analysis, Share, Trends, Size, & Forecast from 2014 – 2025” at
www.analystviewmarketinsights.com/report-highlight-compression-therapy-market/

The scope of this report covers the market by its major segments, as follows:

MARKET, BY PRODUCT
Stockings
Pumps
Bandages
Tape

MARKET, BY TECHNOLOGY
Static
Dynamic

MARKET, BY REGION
North America (U.S. and Canada)
Europe (France and Germany)
Asia Pacific (India and China)
Middle East and Africa
Latin America
Rest of the World

Key players profiled in this report with special attention on competitive landscape includes, (can be further customized to include additional 10 profiles of companies):
1. Hartmann
2. Medtronic
3. 3M Healthcare
4. Gottfried
5. Spectrum

Key Question Answered:
What are the key market trends, drivers, barriers, opportunities and recommendations?
What will the market size be from 2014 to 2025 and expected growth rate?
Who are the key vendors in Global Compression Therapy Market space?
What is the revenue share of compression therapy market, by product and by different applications?
Who are the largest revenue contributor as well as fastest growing category for respective industry segments?
What are the strategies adopted by key vendors to expand their market presence?
What is the revenue share of key players operating in this market (2017)?

Please note that preparing of customized report catering to a particular region or country is also possible within quicker timeframe as we follow bottom-up research methodology

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