Tag Archives: Compression Therapy Market

Compression Therapy Market Size to Accelerate at a Rapid CAGR of 5.3% till 2024

Transparency Market Research estimates that the global compression therapy market will reach an opportunity of US$4.25 bn by 2024 from a valuation of US$2,693.4 mn in 2015, exhibiting a promising CAGR of 5.3% from 2016 to 2024.

Rising Numbers of Obese People to Keep Demand Strong for Compression Therapy Products in North America

In terms of technology, the global market has shown more preference to static compression therapy products over the years as these products are prescribed by doctors for patient care, due mostly to the clinical evidence supporting their health benefits. Demand for static compression therapy garments in high among patients owing to their features such as better looks and comfortable fabric. Easy availability and affordability of static compression therapy products also work in favor of their swift uptake.

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From a geographical standpoint, the market for compression therapy in North America is presently the most lucrative and massive. The regional market accounted for over 47% of the global market in 2015, followed by the Europe market with a 32% of the global market in the same year. Alarming rise in the number of obese people in these regions is one of the key drivers of the market for compression therapy and is projected to remain a leading factor fueling the demand for a variety of compression therapy products in the near future as well.

Capitalizing on Untapped Opportunities in Emerging Economies Could Boost Market

The study states that the immense growth potential of the healthcare industry in emerging economies of Brazil, Mexico, India, and China will be one of the key factors boosting the global market for compression therapy in the near future. The increased demand for a variety of healthcare products from the vast population of high disposable income individuals in these countries combined with government efforts aimed at the rapid development of healthcare facilities will contribute to the increased sourcing of compression therapy products in these countries.

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Increased population of people with a variety of chronic diseases, rising prevalence of chronic pain, and the rising inclination of people towards sports and fitness activities will also drive the demand for compression therapy products in these countries and regions. Developed regions such as North America and Europe will continue to be high-growth potential markets on account of the large and rising population of obese people and the high prevalence of chronic pain and several chronic diseases.

Lack of Reimbursement Policies to Hamper Market Growth Opportunities

Despite mostly positive growth prospects, the market for compression therapy will be challenged by factors such as the absence of encouraging reimbursement policies in a number of key regional markets and limited product portfolios in underdeveloped markets. Nevertheless, the increasing focus on the development of healthcare infrastructure in developing economies will help gain the market sustainable pace for future growth.

The largely fragmented vendor landscape for the global compression therapy market faces a massive threat from new entrants owing to inadequate commercialization related regulation and chances of forward integration by raw material providers, says Transparency Market Research in a recent report. Suppliers of raw material also have a low power of bargaining owing as they are present in large numbers.

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A large number of vendors in the market are resorting to collaborations, mergers, and acquisitions to acquire a larger share of the market and the growth opportunities it presents. The presence of a vast set of untapped opportunities in emerging economies across regions such as Asia Pacific and Latin America is encouraging companies to extend their business offerings in these new and relatively underdeveloped regional markets. The market in these regional markets is also expected to see the rise of a number of new companies catering to the thriving market for sports and fitness products in countries such as Japan, China, Singapore, and South Korea.

 

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Compression Therapy Market: future market projections for forthcoming years

The presence of a multitude of local and global players renders the global compression therapy market highly fragmented, Transparency Market Research (TMR) says in a new report. Insufficient regulations for commercialization of products make for easy entry of new players making the market highly competitive as well.

Mergers and acquisitions is the focus of majority of companies operating in the global compression therapy market to strengthen their positions. The emerging economies of Asia Pacific and Latin America are also displaying attractive growth prospects.

Adopting collaborative strategies is the way to leverage untapped opportunities that can translate into business gains,” says a TMR analyst. With growing population in China and India along with their increasing interest in sports and fitness, compression therapy product manufacturers stand a chance to obtain gainful opportunities in this market.

This 84 page report gives readers a comprehensive overview of the Compression Therapy Market. Browse through 31 data tables and 17 figures to unlock the hidden opportunities in this market: http://www.transparencymarketresearch.com/compression-therapy-market.html

TMR estimates the global compression therapy market to be worth US$4.25 bn by 2024 increasing from US$2.6 bn in 2015 at a CAGR of 5.3% between 2016 and 2024.

Clinical Evidence Boost Sales of Static Compression Products

Based on technology, the global market for compression therapy is segmented into static and dynamic. Between the two, the segment of static compression products holds promising growth. Static garments are preferred by doctors for patient care owing to the clinical evidence that support their use. Patients also prefer static compression garments as they are made from comfortable materials and are aesthetically appealing. Other factors contributing to the uptake of static garments are affordability and easy availability.

In terms of product, compression pumps, compression stocking, compression tapes, and compression bandages are the segments into which the compression therapy market is segmented. Among these, compression stocking hold a sway with the product segment accounting for a whopping 43.1% of the market in 2015.

Geographically, North America presents maximum opportunity in the global compression therapy market. The region held a share of close to 47.2% in the global market in 2015 followed by Europe with a share of 32.2% in the same year. The U.S. provides ample growth opportunities to the market due to the widespread prevalence of obesity that ups the ante for vascular diseases.

Asia Pacific extends Lucrative Growth Opportunities

The emerging economies of Asia Pacific and Latin America present the ripest growth opportunities, says the TMR report. Tremendous potential for healthcare products in countries such as China, Mexico, Brazil, and India will present lucrative opportunities for companies vying for a significant share in the global compression therapy market. In emerging nations, advancement of healthcare services, increasing disposable incomes, and increasing prevalence of chronic diseases are expected to present robust growth opportunities for players in the compression therapy market.

Request a sample of this report to know what opportunities will emerge in the rapidly evolving Compression Therapy Market during 2016 – 2024: http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=1537

Compression therapy is considered as one of the most effective procedures for treating sports related injuries. The growth of compression therapy market directly corresponds to the rising popularity of sports across the world. Apart from this, the increasing incidence of obesity and increasing number of orthopedic surgeries are also presenting ample opportunities for the growth of this market.

Despite robust growth prospects, lack of reimbursement policies for compression garments will adversely impact the growth of this market. Nevertheless, improvement in healthcare infrastructure in developing countries is expected to provide considerable opportunities for vendors in the compression therapy market.

The review presented is based on the findings of Transparency Market Research report, titled “Compression Therapy Market (Technology – Static, Dynamic; Product – Compression Pumps (Intermittent, Sequential), Compression Bandages, Compression Stocking ( Gradient, Anti-Embolism), Compression Tapes)) – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 – 2024 ”

 

Compression Therapy Market with Worldwide Industry Analysis to 2024

Compression therapy is a medical procedure in which external pressure is applied to the skin and underlying structure (organ) to promote normal flow of venous blood in the body. Recognized as a gold standard for treating lymphedema, chronic venous insufficiency, and deep vein thrombosis, compression therapy is safe, easy-to-use and provides effective treatment in a short time span. The therapy aims to increase venous and lymphatic fluid in the limb through the utilization of an external force (exerted by compression products). This report studies the current scenario as well as future market potential for compression therapy across the globe. The research comprises an elaborate executive summary, which includes a market snapshot that provides market dynamics of various segments and sub-segments that are included in the report in a precise manner. The report provides in-depth analysis of the compression therapy market. The stakeholders for this report include companies involved in the manufacturing of compression pumps, bandages, tapes and stocking. The executive summary section further summarizes the market size, trends and competition in different regions.

Transparency Market Research forecasts the global compression therapy market to reach US$4.25 bn by 2024 from a valuation of US$2,693.4 mn in 2015. If these figures hold true, the market will exhibit a CAGR of 5.3% between 2016 and 2024.

Prevalence of Obesity Creates Ample Opportunities for Expansion of Compression Therapy Market in Developed Economies

This 84 page report gives readers a comprehensive overview of the Compression Therapy Market. Browse through 31 data tables and 17 figures to unlock the hidden opportunities in this market: http://www.transparencymarketresearch.com/compression-therapy-market.html

The American Academy of Orthopedic Surgeons (AAOS) has stated that around 129,000 knee arthroplasty surgeries were conducted in the U.S. in 1990. The number had reached over 600,000 surgeries in 2010. Furthermore, the AAOS projects the number of arthroplasty surgeries to be conducted in the U.S. by 2030 to surpass 3 million. Considering the incredible rise in number of cases reported in the U.S. alone, the incidence of orthopedic conditions globally is projected to increase at a rapid pace. This creates ample opportunities for the expansion of the compression therapy market.

As obesity increases the risk of vascular diseases due to the pressure exerted by the bodyweight on underlying organs, its rising prevalence is often linked with the increasing demand for compression therapy. As per the World Health Organization (WHO), the prevalence of obesity has nearly doubled since 1980. With experts projecting the number to surge during the report’s forecast period, opportunities for the global compression therapy market are likely to bolster.

Lack of proper reimbursement policies will, however, limit the market’s success to an extent, finds TMR. Nevertheless, the rising investments in emerging economies and widespread unmet medical needs in these countries will support the market’s growth in the near future.

North America Emerges Dominant with Most Attractive Opportunities

Regionally, North America has been exhibiting the most lucrative prospects for leading enterprises in the market. The region held around 47.2% of the market in 2015, followed by Europe, which accounted for a share of 32.2% in the market in the same year. The prevalence of vascular diseases in both these regions is relatively higher. In North America, TMR finds the alarming rate of obesity as a prime driver of the compression therapy market. Among other regions exhibiting prospects for the compression therapy market, Asia Pacific is expected to report the highest CAGR.

Request a sample of this report to know what opportunities will emerge in the rapidly evolving Compression Therapy Market during 2016 – 2024: http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=1537

Some of the prominent companies operating in the global compression therapy market include 3M Health Care, Bio Compression Systems, Inc., BSN Medical, Covidien plc, Paul Hartmann AG, and others.

Supported by Clinical Evidence, Static Compression Therapy Emerges as Dominant Market Segment

Demand for static compression therapy is forecast to rise at a rapid pace. The segment in 2015 held the largest share in the market and is expected to sustain its dominant position through the forecast period. The low cost and easy availability of static compression products have consequently boosted their sales. These products are also supported by clinical evidence, due to which doctors around the world seem to prefer static garments more. Besides this, the aesthetic appearance and comfortable material of static compression hosiery have made them a preferred choice among patients.

 

Compression Therapy Market – Latest Trends & Insights 2024

Compression therapy is a medical procedure in which external pressure is applied to the skin and underlying structure (organ) to promote normal flow of venous blood in the body. Recognized as a gold standard for treating lymphedema, chronic venous insufficiency, and deep vein thrombosis, compression therapy is safe, easy-to-use and provides effective treatment in a short time span. The therapy aims to increase venous and lymphatic fluid in the limb through the utilization of an external force (exerted by compression products). This report studies the current scenario as well as future market potential for compression therapy across the globe. The research comprises an elaborate executive summary, which includes a market snapshot that provides market dynamics of various segments and sub-segments that are included in the report in a precise manner. The report provides in-depth analysis of the compression therapy market. The stakeholders for this report include companies involved in the manufacturing of compression pumps, bandages, tapes and stocking. The executive summary section further summarizes the market size, trends and competition in different regions.

Transparency Market Research forecasts the global compression therapy market to reach US$4.25 bn by 2024 from a valuation of US$2,693.4 mn in 2015. If these figures hold true, the market will exhibit a CAGR of 5.3% between 2016 and 2024.

Prevalence of Obesity Creates Ample Opportunities for Expansion of Compression Therapy Market in Developed Economies

This 84 page report gives readers a comprehensive overview of the Compression Therapy Market. Browse through 31 data tables and 17 figures to unlock the hidden opportunities in this market: http://www.transparencymarketresearch.com/compression-therapy-market.html

The American Academy of Orthopedic Surgeons (AAOS) has stated that around 129,000 knee arthroplasty surgeries were conducted in the U.S. in 1990. The number had reached over 600,000 surgeries in 2010. Furthermore, the AAOS projects the number of arthroplasty surgeries to be conducted in the U.S. by 2030 to surpass 3 million. Considering the incredible rise in number of cases reported in the U.S. alone, the incidence of orthopedic conditions globally is projected to increase at a rapid pace. This creates ample opportunities for the expansion of the compression therapy market.

As obesity increases the risk of vascular diseases due to the pressure exerted by the bodyweight on underlying organs, its rising prevalence is often linked with the increasing demand for compression therapy. As per the World Health Organization (WHO), the prevalence of obesity has nearly doubled since 1980. With experts projecting the number to surge during the report’s forecast period, opportunities for the global compression therapy market are likely to bolster.

Lack of proper reimbursement policies will, however, limit the market’s success to an extent, finds TMR. Nevertheless, the rising investments in emerging economies and widespread unmet medical needs in these countries will support the market’s growth in the near future.

North America Emerges Dominant with Most Attractive Opportunities

Regionally, North America has been exhibiting the most lucrative prospects for leading enterprises in the market. The region held around 47.2% of the market in 2015, followed by Europe, which accounted for a share of 32.2% in the market in the same year. The prevalence of vascular diseases in both these regions is relatively higher. In North America, TMR finds the alarming rate of obesity as a prime driver of the compression therapy market. Among other regions exhibiting prospects for the compression therapy market, Asia Pacific is expected to report the highest CAGR.

Request a sample of this report to know what opportunities will emerge in the rapidly evolving Compression Therapy Market during 2016 – 2024: http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=1537

Some of the prominent companies operating in the global compression therapy market include 3M Health Care, Bio Compression Systems, Inc., BSN Medical, Covidien plc, Paul Hartmann AG, and others.

Supported by Clinical Evidence, Static Compression Therapy Emerges as Dominant Market Segment

Demand for static compression therapy is forecast to rise at a rapid pace. The segment in 2015 held the largest share in the market and is expected to sustain its dominant position through the forecast period. The low cost and easy availability of static compression products have consequently boosted their sales. These products are also supported by clinical evidence, due to which doctors around the world seem to prefer static garments more. Besides this, the aesthetic appearance and comfortable material of static compression hosiery have made them a preferred choice among patients.

 

Compression Therapy Market – Latest Trends & Insights 2024

Compression therapy is a medical procedure in which external pressure is applied to the skin and underlying structure (organ) to promote normal flow of venous blood in the body. Recognized as a gold standard for treating lymphedema, chronic venous insufficiency, and deep vein thrombosis, compression therapy is safe, easy-to-use and provides effective treatment in a short time span. The therapy aims to increase venous and lymphatic fluid in the limb through the utilization of an external force (exerted by compression products). This report studies the current scenario as well as future market potential for compression therapy across the globe. The research comprises an elaborate executive summary, which includes a market snapshot that provides market dynamics of various segments and sub-segments that are included in the report in a precise manner. The report provides in-depth analysis of the compression therapy market. The stakeholders for this report include companies involved in the manufacturing of compression pumps, bandages, tapes and stocking. The executive summary section further summarizes the market size, trends and competition in different regions.

Transparency Market Research forecasts the global compression therapy market to reach US$4.25 bn by 2024 from a valuation of US$2,693.4 mn in 2015. If these figures hold true, the market will exhibit a CAGR of 5.3% between 2016 and 2024.

Prevalence of Obesity Creates Ample Opportunities for Expansion of Compression Therapy Market in Developed Economies

This 84 page report gives readers a comprehensive overview of the Compression Therapy Market. Browse through 31 data tables and 17 figures to unlock the hidden opportunities in this market: http://www.transparencymarketresearch.com/compression-therapy-market.html

The American Academy of Orthopedic Surgeons (AAOS) has stated that around 129,000 knee arthroplasty surgeries were conducted in the U.S. in 1990. The number had reached over 600,000 surgeries in 2010. Furthermore, the AAOS projects the number of arthroplasty surgeries to be conducted in the U.S. by 2030 to surpass 3 million. Considering the incredible rise in number of cases reported in the U.S. alone, the incidence of orthopedic conditions globally is projected to increase at a rapid pace. This creates ample opportunities for the expansion of the compression therapy market.

As obesity increases the risk of vascular diseases due to the pressure exerted by the bodyweight on underlying organs, its rising prevalence is often linked with the increasing demand for compression therapy. As per the World Health Organization (WHO), the prevalence of obesity has nearly doubled since 1980. With experts projecting the number to surge during the report’s forecast period, opportunities for the global compression therapy market are likely to bolster.

Lack of proper reimbursement policies will, however, limit the market’s success to an extent, finds TMR. Nevertheless, the rising investments in emerging economies and widespread unmet medical needs in these countries will support the market’s growth in the near future.

North America Emerges Dominant with Most Attractive Opportunities

Regionally, North America has been exhibiting the most lucrative prospects for leading enterprises in the market. The region held around 47.2% of the market in 2015, followed by Europe, which accounted for a share of 32.2% in the market in the same year. The prevalence of vascular diseases in both these regions is relatively higher. In North America, TMR finds the alarming rate of obesity as a prime driver of the compression therapy market. Among other regions exhibiting prospects for the compression therapy market, Asia Pacific is expected to report the highest CAGR.

Request a sample of this report to know what opportunities will emerge in the rapidly evolving Compression Therapy Market during 2016 – 2024: http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=1537

Some of the prominent companies operating in the global compression therapy market include 3M Health Care, Bio Compression Systems, Inc., BSN Medical, Covidien plc, Paul Hartmann AG, and others.

Supported by Clinical Evidence, Static Compression Therapy Emerges as Dominant Market Segment

Demand for static compression therapy is forecast to rise at a rapid pace. The segment in 2015 held the largest share in the market and is expected to sustain its dominant position through the forecast period. The low cost and easy availability of static compression products have consequently boosted their sales. These products are also supported by clinical evidence, due to which doctors around the world seem to prefer static garments more. Besides this, the aesthetic appearance and comfortable material of static compression hosiery have made them a preferred choice among patients.