Compression Therapy Market
Compression therapy market is undergoing tremendous growth owing to the rising awareness regarding lymphedema, deep vein thrombosis, and chronic venous insufficiency conditions. Compression therapy aids in preventing and managing such conditions by applying graduated external pressure on limbs and other body parts. Various compression garments such as socks, stockings, and bandages are available that provides graded compression needed for effective therapy. Additionally, pneumatic compression pumps and sequential compression devices are also gaining prominence for delivering precise compression needed as per the condition and body part. With rising global disease burden, growing geriatric population prone to such conditions, and increasing adoption of advanced therapy devices, the compression therapy market is poised to expand rapidly in the coming years.
Market Dynamics:
The global compression therapy market is driven by the rising incidence of lymphedema, Deep Vein Thrombosis DVT, and chronic venous diseases. Moreover, prolonged sitting hours among working professionals and growing obese population are increasing the risk of developing such conditions, thereby boosting the demand for compression therapy. However, inadequate reimbursement policies for compression products in some countries and lack of awareness in remote areas pose challenges to market growth. On the bright side, ongoing technological advancements in compression garments and devices, and increasing inclination towards home healthcare are widening the scope of compression therapy, presenting lucrative opportunities for stakeholders.
Key Features of the Study:
- This report provides in-depth analysis of the global compression therapy market, and provides market size (US$ Billion) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year
- It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players
- It profiles key players in the global compression therapy market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
- Key companies covered as a part of this study include Sigvaris, Essity Aktiebolag, Arjo, PAUL HARTMANN AG, Medi GmbH & Co. KG, 3M Company, Tactile Systems Technology, Inc., Smith & Nephew, BSN Medical, Juzo, L&R (Lohmann & Rauscher), ConvaTec, Acelity, KCI Medical, and Sanyleg S.R.L.
- Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
- The global compression therapy market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global compression therapy market
Market Segmentation
Table of Contents
*Browse 32 market data tables and 28 figures on 'Global Compression Therapy Market' - Global forecast to 2031
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