Compression Therapy Market Global Industry Insights And Outlook
Recent advancements in compression therapy includes various product innovations and new technologies that are user friendly and adapts according to patient requirements. In 2016, COOLSYSTEMS, INC. developed ACCEL technology helping in integrated pneumatic compression and cold therapy. Also the NormaTec recovery system developed by Normatec in 2016 uses the latest pulse technology for dynamic compression therapy. Profore, a compression system developed by Smith & Nephew in 2015, comprises extra padding layer to provide protection to vulnerable areas such as the Achilles tendon and pretibial crest.
Furthermore, now multiple sustained high compression elastic bandages are used for compression therapy rather than traditional inelastic compression or single component compression systems. This is mainly owing to the fact that elastic bandages provide more patient convenience in terms of limb movement over the inelastic bandages.
Download the PDF brochure:
Compression therapy market taxonomy:
On the basis of technology, the compression therapy market is classified into:
Static compression therapy
Dynamic compression therapy
On the basis of product type, the compression therapy market is classified into:
On the basis of end user, the compression therapy market is classified into:
Ambulatory Surgical Centers
Home Care Settings
Increase in awareness about venous diseases and injuries due to adventure activities and sports are driving the growth of compression therapy market. For instance, according to Safe Kids Worldwide, a global organization which is committed to prevent injuries in children, around 1.3 million cases of sports injuries in youngsters are registered in the U.S every year. Moreover, growing aging population and increasing prevalence of diabetes are also supporting the growth of the compression therapy market in the region. According to the International Diabetes Federation, the prevalence of diabetes is expected to grow from 366 million in 2011 to 552 million by 2030 worldwide that is expected to augment the market growth in the future. Also the rise in DVT cases add to the growth of the market. As per the Centers for Disease Control and Prevention (CDC), the annual incidence of DVT in the U.S. is 1 per 1000 people. The CDC also states that 60,000-100,000 patients suffered from DVT in 2016 in the U.S.
Further, increasing research activities also drive the market. For instance, clinic trials are going on for the use of compression therapy in breast cancer-related lymphedema in the Medical University of Vienna. Furthermore, there are ongoing research studies to study the effect of pneumatic compression therapy on lymph movement in lymphedema-affected extremities at The Brown Institute for Molecular Medicine
Epidemiological and patient accessibility factors to drive growth in different regions
By geography, North America holds the major market share due to rapid acceptance of new technologies and increasing prevalence of obesity leading to vascular diseases. Obesity in individuals leads to progression of knee osteoarthritis (OA) leading to a type of asymptomatic vascular disease. According to the American Academy of Orthopedic Surgeons (AAOS), around 600,000 knee arthroplasty surgeries were performed in 2010 in the U.S. Furthermore, growth in Asia Pacific region is expected to be driven majorly by rising sports injuries. According to the Asian Federation of Sports Medicine (AFSM), about 21,334 incidence of sports injuries occur annually in Asia. Such incidences coupled with patient awareness, affordability and accessibility would fuel the growth in Asia Pacific compression therapy market.
Inorganic growth strategy adopted by market players
Key players in the global compression therapy market include Getinge AB, 3M, BSN Medical, Medtronic, SIGVARIS, FlowAid Medical Technologies, Bio Compression Systems, IntelliSkin, ConvaTec, Devon Medical Products, ElastiMed, Kinesio, KT Health and Laboratoires Innothera S.A.S. Companies are striving to increase their market share through inorganic and collaborative growth strategy. For instance, FarrowMed Medical solutions was acquired by BSN medicals in 2015. This helped BSN medical to expand its lymphedema treatment solutions portfolio.in different regions. In May 2017, Footfalls & Heartbeats, a UK based smart fabrics manufacturing company partnered with Karl Otto Braun GmbH & Co. KG (KOB), to develop a smart bandage that can measure the pressure applied by compression bandage and enable live monitoring of compression therapy. KOB is a bandage and fabrics manufacturer based in Germany.
Get Discount On This Report:
About Coherent Market Insights:
Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.
Coherent Market Insights
1001 4th Ave,
Seattle, WA 98154
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Compression Therapy Market Global Industry Insights And Outlook here
News-ID: 1513399 • Views: 424
More Releases from Coherent Market Insights - Medical Devices
Gamma Knife Market: Region Wise Analysis of Top Players in Market by its Types a …
The global gamma knife market was valued at US$ 174.4 million in 2016 and is expected to expand at a CAGR of 7.7% during the forecast period (2017 – 2025). Chronic neurological disorders such as metastatic brain tumors, trigeminal neuralgia, and arteriovenous malformations are complex to treat. Standard brain surgery and radiation therapy can damage healthy tissues and cause various side effects. Moreover, these treatment methods involve in-hospital post treatment
Fetal Monitoring Market By Worldwide Analysis, Estimation, Industry Applications …
Fetal monitoring devices are used to monitor the heart rate and movement of the fetus and maternal contractions. In medical terms, fetal monitoring is imperative to constantly monitor health of the unborn baby and ensure a safe birth. Fetal monitoring measures the heart rate of the baby. Healthcare providers perform fetal monitoring during late pregnancy and labor, as that process is crucial for keeping the mother and the child safe
Global Continuous Glucose Monitoring (CGM) Market Includes Latest Key Developmen …
Diabetes is a major global concern that, as per International Diabetes Federation (IDF) data, affected around 415 million people in 2015. Effective management of diabetes is vital, especially considering the sedentary lifestyle that most people across the globe have taken up. Continuous glucose monitoring (CGM) systems offer effective solution in diabetes management through continuous real-time glucose monitoring. Increasing awareness, supporting safety evidences for CGM systems and growing demand for point-of-care
Insulin Pumps Market Report 2018-2026 Focuses On Top Companies Medtronics, Braun …
Insulin pump is a portable device attached to the body that continuously delivers preset amounts of short or rapid acting insulin in the body to control diabetes. Insulin therapy is required in type 1 diabetes and sometime in type 2 diabetes. It serves as an effective alternative to insulin injections. Furthermore, insulin pump delivers the insulin according to the need of body as basal rate, where small amount of insulin
More Releases for Compression
Compression Stockings Market: Bio Compression System, 2XU Pty Ltd, Ann Chery, Co …
📝Global Compression Stockings Market 2022-2028, By Product Type (Thigh High, Waist Attachment, Knee High, Pantyhose, and Others), By Compression Level (Mild, Moderate, and High), By Distribution Channel (Hospital Pharmacy, Retail Pharmacy, and Online Pharmacy), By Application (Men, Women, and Children), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) - Global Industry Insight, Trends, Outlook and Opportunity Analysis, 2022-2028. According to our recent study, the
Radial Artery Compression Devices Market
Soaring Adoption of Diagnostic and Interventional Coronary Procedures to Propel Market Growth Over the past decade, the healthcare sector across the world has taken giant strides in all regards, including drug development, research & development, production of new and improved medical devices, and integration of technology. However, as these advancements continue to improve the overall healthcare sphere, healthcare providers are increasingly burdened with high costs. The narrative within the radial artery
PentagonFit Knee Compression Sleeves Review: Read This Before Buying This Knee C …
What are PentagonFit Knee Sleeves? PentagonFit Knee Sleeves is a knee compression sleeve that can also serve as a support for injury prevention. It is designed to strengthen the knee and to help relieve pain in the knee. (Any/all of the links on this post are affiliate links of which the author receives a small commission from sales of this product/service, but the price is the same to you.) Click on the
Compression Therapy Market: Ubiquitous and Easy to Use Compression Bandages Key …
The global compression therapy market houses several market players loosely dispersed across the globe, and no significant player is at the apex of the market. The weak barriers to the entry of new players has continually fragmented the market while the established players face threats from new players frequently entering the market. Several large-, medium-, and small-scale players coexist in the market and are expected to resort to a range
Static Compression Therapy Market | MarketResearchReports.biz
Latest industry research report on: Static Compression Therapy Market : Industry Size, Share, Research, Reviews, Analysis, Strategies, Demand, Growth, Segmentation, Parameters, Forecasts Future Market Insights offers a 10-year forecast of the static compression therapy market in India between 2015 and 2025. In terms of value, the market is expected to register a CAGR of 7.2% during the forecast period. This study demonstrates market dynamics and trends in India that are expected
United Kingdom Compression Therapy market segments - Static Compression Therapy …
"The Report United Kingdom Compression Therapy Market Outlook to 2024 provides information on pricing, market analysis, shares, forecast, and company profiles for key industry participants. - MarketResearchReports.biz" United Kingdom Compression Therapy Market Outlook to 2024 Summary GlobalDatas new report, "United Kingdom Compression Therapy Market Outlook to 2024", provides key market data on the United Kingdom Compression Therapy market. The report provides value, in millions of US dollars, volume (in units) and average prices