openPR Logo
Press release

Compression Therapy Market Is Expected to Surge at A CAGR of 8.4% By 2031 | 3M (US), ConvaTec Inc. (US), ArjoHuntleigh (Sweden)

04-13-2023 04:35 AM CET | Health & Medicine

Press release from: Global Insight Services

Compression Therapy Market

Compression Therapy Market

The global compression therapy market size was valued at USD 3.0 billion in 2021 and it is anticipated to grow at a CAGR of 8.4% during the forecast period to reach up to USD 6.8 billion by 2031.

Get Free Sample Copy of This Report- https://www.globalinsightservices.com/request-sample/GIS10262

Compression therapy uses controlled pressure on the lower extremities to increase blood flow and efficiency of the lymphatic and venous system. It is the most established and the most important method of treatment for venous and lymphatic diseases. According to an article published by the National Center for Biotechnology Information (NCBI) in 2018, lymphedema is a pandemic and affects approximately 250 million patients across the globe. The increase in the prevalence of vein disorders such as venous leg ulcer, lymphedema, deep vein thrombosis, etc., the increasing geriatric population, and the rise in the adoption of pressure therapies for the treatment of these vein disorders are the key factors likely to drive the compression therapy market growth during the projection period.

Market Trends and Drivers

The presence of a large target patient population is boosting the market growth of the global compression therapy market. The target population for compression therapy products includes patients suffering from lifestyle-related diseases and vascular diseases, like obesity, diabetes, lymphedema, DVT, and varicose veins. The rising geriatric population across the globe is the primary factor supporting market growth as geriatric individuals are more susceptible to various health conditions. These factors are driving the demand and adoption of various treatment procedures, including compression therapy, among patients. Moreover, compression therapy products are increasingly being preferred as the first line of treatment for major target indications and for post-surgery rehabilitation.

View Detailed Report Description - https://www.globalinsightservices.com/reports/compression-therapy-market/

Major Players in Compression Therapy Market

The key players in the global compression therapy market are DJO Global, Inc. (US), BSN medical (US), medi GmbH & Co. KG (Germany), Tactile Medical (US), SIGVARIS (Switzerland), Paul Hartmann AG (Germany), Sanyleg S.r.l. (Italy), 3M (US), ConvaTec Inc. (US), ArjoHuntleigh (Sweden), Julius Zorn GmbH (Germany), Bio Compression Systems, Inc. (US), Cardinal Health, Inc. (US), and Smith & Nephew plc (UK).

COVID-19 Impact

The current global COVID-19 pandemic has significantly impacted markets across multiple sectors and industries such as healthcare, oil & petroleum, aeronautics & defense, and food & beverage. The majority of these industries are witnessing a period of uncertainty in terms of global economic conditions, the regional impact of the pandemic on businesses, government laws and preventive regulations, demand from end users, and challenges faced in the supply chain and logistics. Owing to that, key businesses and market players are forced to shift focus from long-term growth strategies to short-term sustainability tactics that have led to changes in business operations such as manufacturing, supplying, and consumer communication in certain sectors of the global economy. The healthcare sector is at the epicenter of this global pandemic challenge and is anticipated to have major long-term consequences. This is likely to compel countries and key market players to undergo essential healthcare reforms once the crisis is eventually under control or has faded.

To Remain 'Ahead' Of Your Competitors, Request for A Sample - https://www.globalinsightservices.com/request-customization/GIS10262

The private healthcare sector is facing twice the burden-investing additional manpower, equipment, consumables, and other resources to ensure 100% preparedness for safety in hospitals and the eventual treatment of patients alongside the sharp drop in out-patient footfall, elective surgeries, and international patients. Additionally, hospitals are affected by this pandemic as a clear lack in the number of healthcare professionals is being witnessed in developed as well as developing countries. The pandemic has also affected the orthopedics field since doctors are not adequately able to concentrate on regular patients since they are being redeployed for treating COVID-19 patients. Owing to that, performing orthopedics and trauma surgeries has become a significant challenge with the non-availability of hospital staff and operation facilities.

Market Segments

By Product

• Compression Garments
• Compression Braces
• Compression Pumps

By Technique

• Static Compression Therapy
• Dynamic Compression Therapy

By Application

• Varicose Vein Treatment
• Deep Vein Thrombosis Treatment
• Lymphedema Treatment
• Leg Ulcer Treatment
• Others

By Distribution Channel

• Pharmacies & Retailers
• Hospitals & Clinics
• E-Commerce Platforms
.
Buy Now - https://www.globalinsightservices.com/checkout/single_user/GIS10262

With Global Insight Services, you receive:

• 10-year forecast to help you make strategic decisions
• In-depth segmentation which can be customized as per your requirements
• Free consultation with lead analyst of the report
• Excel data pack included with all report purchases
• Robust and transparent research methodology

Ground breaking research and market player-centric solutions for the upcoming decade according to the present market scenario

New Report Published by Global Insight Services: https://www.globalinsightservices.com/reports/hydrogen-projects-database/

About Global Insight Services:

Global Insight Services (GIS) is a leading multi-industry market research firm headquartered in Delaware, US. We are committed to providing our clients with highest quality data, analysis, and tools to meet all their market research needs. With GIS, you can be assured of the quality of the deliverables, robust & transparent research methodology, and superior service.

Contact Us:

Global Insight Services LLC
16192, Coastal Highway, Lewes DE 19958
E-mail: info@globalinsightservices.com
Phone: +1-833-761-1700
Website: https://www.globalinsightservices.com/

This release was published on openPR.

Permanent link to this press release:

Copy
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 Is Expected to Surge at A CAGR of 8.4% By 2031 | 3M (US), ConvaTec Inc. (US), ArjoHuntleigh (Sweden) here

News-ID: 3010871 • Views:

More Releases from Global Insight Services

Immuno Oncology Drugs Market Projected to Reach $634.1 Billion by 2034, Growing at 17.5% CAGR | Overall Study Report
Immuno Oncology Drugs Market Projected to Reach $634.1 Billion by 2034, Growing …
The Immuno Oncology Drugs Market is rapidly emerging as a transformative segment in the global healthcare industry. These drugs harness the body's immune system to identify and attack cancer cells, offering innovative treatment alternatives to traditional chemotherapy and radiation therapies. Immuno-oncology therapies include monoclonal antibodies, checkpoint inhibitors, cancer vaccines, and cell-based therapies such as CAR-T cells. The growth of this market is primarily driven by advancements in biotechnology, an improved
GLP 1 Market Projected to Reach $221.8 Billion by 2034, Growing at 9% CAGR | Overall Study Report
GLP 1 Market Projected to Reach $221.8 Billion by 2034, Growing at 9% CAGR | Ove …
The GLP 1 Market is experiencing unprecedented growth, fueled by the rising prevalence of type 2 diabetes and obesity globally. GLP-1, or glucagon-like peptide-1 receptor agonists, represents a groundbreaking therapeutic class that improves insulin secretion, reduces glucagon production, and slows gastric emptying. These mechanisms not only enhance glycemic control but also support weight management, making GLP-1 therapies a preferred choice among healthcare providers and patients alike. Over the years, the
Autonomous Bus Market to Expand to $11.6 Billion by 2034, Advancing at 18.8% CAGR | Key Players: EasyMile, Navya, Aurrigo
Autonomous Bus Market to Expand to $11.6 Billion by 2034, Advancing at 18.8% CAG …
Market Overview Autonomous Bus Market is revolutionizing the future of urban mobility through advanced automation technologies. Valued at $2.1 billion in 2024, the market is projected to reach $11.6 billion by 2034, expanding at a strong CAGR of 18.8%. This market focuses on the development and deployment of self-driving buses equipped with cutting-edge sensors, artificial intelligence, and vehicle-to-everything (V2X) communication systems. These buses are designed to improve road safety, enhance passenger
Automotive Tire Market to Attain $976.7 Billion by 2034, Growing at 9.2% CAGR | Key Players: Apollo Tyres, Nokian Tyres, Hankook Tire
Automotive Tire Market to Attain $976.7 Billion by 2034, Growing at 9.2% CAGR | …
Market Overview Automotive Tire Market is experiencing remarkable growth as the industry embraces innovation, sustainability, and digital transformation. Valued at $406 billion in 2024, the market is projected to soar to $976.7 billion by 2034, reflecting a CAGR of 9.2%. This expansion is primarily driven by the surge in global vehicle production, growing consumer preference for durable and high-performance tires, and the increasing adoption of smart tire technologies. The Automotive Tire

All 5 Releases


More Releases for Compression

Compressa Compression Socks Review 2023;(Must Read!) Compressa Compression Socks …
Compressa Compression Socks aren't just for seniors with vein issues anymore. Athletes are wearing Compressa Compression Socks to improve their performance and recovery. Pregnant women are finding relief from leg and ankle swelling, and people who stand all day are using them to The fit, feel, support, and value were all perfect. Compressa Compression Socks are also super supportive; the difference in how our legs felt between wearing them and not wearing
COMPRESSA COMPRESSION SOCKS REVIEWS 2023: IS COMPRESSA COMPRESSION SOCKS LEGIT O …
Compression socks, often recognized by their distinctive snug appearance on the legs and ankles, serve a crucial role in the realm of healthcare and well-being. These specialized garments are designed to apply gentle pressure to the lower extremities, and they play a pivotal role in enhancing blood flow. While you might have encountered them on long-haul flights or observed athletes sporting them during intense workouts, the science behind compressa compression
Compression Bandages Market - Empowering Wellness, Promoting Healing: Compressio …
Newark, New Castle, USA - new report, titled Compression Bandages Market The report has been put together using primary and secondary research methodologies, which offer an accurate and precise understanding of the Compression Bandages market. Analysts have used a top-down and bottom-up approach to evaluate the segments and provide a fair assessment of their impact on the global Compression Bandages market. The report offers an overview of the market, which
Pneumatic Compression Therapy Market - Unleashing the Power of Compression: Elev …
Newark, New Castle, USA - new report, titled Pneumatic Compression Therapy Market The report has been put together using primary and secondary research methodologies, which offer an accurate and precise understanding of the Pneumatic Compression Therapy market. Analysts have used a top-down and bottom-up approach to evaluate the segments and provide a fair assessment of their impact on the global Pneumatic Compression Therapy market. The report offers an overview of
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
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