Global Compression Therapy Market is Expanding at a CAGR of 5.5% during the forecast year 2017-2024
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Market Definition: Global Compression Therapy Market
Compression therapy is defined as wearing garments that are specially designed to support veins and increase blood circulation. This therapy is used to prevent venous disease or chronic venous disorders (CVD) such as swelling, heaviness, cramps, dermatitis, ulcer, and others. These devices are used in hospitals, clinics, research laboratories.
Major market drivers and restraints: Global Compression Therapy Market
• Rapidly aging population
• Increasing healthcare expenditure
• Easy incorporation and durability of products
• Increasing affordability and availability
The global market is segmented on the basis of technology, end-user, and geography.
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On the basis of product type the market for global compression therapy market is segmented into static compression therapy and dynamic compression therapy. The static compression therapy segment is further segmented into compression garments, compression bandages, anti-embolism stockings, diabetic shoes, and diabetic compression socks. The dynamic compression therapy segment is further segmented into segmented compression pumps, non-segmented compression pumps, compression sleeves.
Based on end-user the global compression therapy market is segmented into hospitals, clinics, ambulatory centers.
On the basis of geography, global compression therapy market report covers data points for 28 countries across multiple geographies such as North America & South America, Europe, Asia-Pacific, and Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others. In 2017, North America is expected to dominate the market.
Some of the major players operating in this market are
• Medi GmbH & Co.
• Medtronic Plc
• Julius Zorn GmbH
• Hartmann AG
• 3M Health Care
• Spectrum Healthcare
• Bio Compression Systems, Inc.
• Gottfried Medical
• BSN Medical GmbH
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Global Compression Garments and Stockings Market- Industry Trends and Forecast to 2024
Global Compression Garments and Stockings Market By Product Type (Compression Garments, Compression Stockings) By Application (Varicose Veins, Wound Care, Burn Cases, Oncology, Other Indications) By Distribution Channel (Hospitals, Ambulatory Surgical Centers, Clinics, Online Sales, Other Healthcare Facilities) By Geography (North America, Europe, Asia-Pacific, Europe, South America, Middle East and Africa) – Industry Trends and Forecast to 2024
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