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The Compression Therapy Market report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2027.
The Compression Therapy Market report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint.
The global compression therapy market report has been segmented on the basis of technique, product, application, and region.
Compression Therapy Market Overview:
The Compression Therapy Market was valued at $21.40 million in 2021 & is projected to reach $54.52 million by 2027. It is expected to grow at a 12.4% CAGR between 2021 and 2027.
Compression therapy is a simple and effective principle that increases blood flow activity in the lower limbs. It reduces reflux in the diseased superficially and also reduces pathologically elevated venous pressure.
In addition, it reduces inflammation and improves the moment of joints and tendons. Treatment is prescribed to treat thrombosis, phlebitis, post vein surgery and indicated for the treatment of varicose veins, prevention of deep vein thrombosis, and healing of venous leg ulcers.
Compression therapy is prescribed to prevent venous trouble during pregnancy and long-distance travel.
An increasing number of cases of varicose veins, leg ulcers, and deep vein thrombosis is expected to drive the market for global compression therapy market over the forecast period.
Moreover, an increasing number of collaborations and strategic acquisitions by leading companies with manufacturers to expand the territories is anticipated to further drive the growth of the global compression therapy market over the forecast period.
Furthermore, the increasing number of sports injuries and the growing aging population is further expected to propel the market growth over the forecast period.
Technological advancements by manufacturers focusing on providing patient comfort are expected to create new opportunities for major players operating in the global compression therapy market over the forecast period.
The North American market dominates the global compression therapy market in terms of revenue contribution as compared to that of markets in other regions. This is attributed to a large number of manufacturers and the high adoption of compression therapy products in the region.
Europe accounts for the second-largest revenue share contribution to the global compression therapy market, followed by markets in the Asia Pacific, Latin America, and the Middle East & Africa respectively.
The market in the Asia Pacific is projected to register comparatively faster growth in terms of revenue over the next 10 years owing to the rising healthcare expenditure and growing prevalence of chronic venous diseases.
In addition, increasing adoption of compression therapy is expected to drive the Asia Pacific compression therapy market.
Global Compression Therapy Market Segmentation:
Global compression therapy market segmentation, by technique:
- Static Compression Therapy
- Dynamic Compression Therapy
Global compression therapy market segmentation, by-product:
- Compression Pumps
- Compression Stockings
- Compression Bandages
- Compression Tapes
Global compression therapy market segmentation, by application:
- Varicose Vein Treatment
- Deep Vein Thrombosis Treatment
- Lymphedema Treatment
- Leg Ulcer Treatment
Global compression therapy market segmentation, by region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- BSN medical
- Medi GmbH & Co. KG
- Julius Zorn GmbH
- Paul Hartmann AG
- 3M Health Care
- Gottfried Medical, Inc.
- Bio Compression Systems, Inc.
- Spectrum Healthcare, Inc.
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