Tag Archives: Compression Therapy Market

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

Read Full Report: 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.

Download exclusive Sample of this report: 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 will exhibit a CAGR of 5.3% between 2016 and 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

Read Full Report: 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.

Download exclusive Sample of this report: 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.

 

Leading Enterprises Vying to Emerge Dominant in Global Compression Therapy Market through Mergers and Acquisitions

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

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.

Read Full Report: http://www.transparencymarketresearch.com/compression-therapy-market.html

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.

Download exclusive Sample of this report: 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.

Global Compression Therapy Market Expands due to Rising Rate of Injuries; Market to Reach US$4.0 bn by 2023

The global compression therapy market is progressing at a CAGR of 5.20% between 2015 and 2023. The market’s value in 2015 is expected to be close to US$2.6 bn, and will reach around US$4 bn by the end of 2023, according to a research report released by Transparency Market Research, titled “Compression Therapy Market (By Technology – Static and Dynamic); (By Product – Compression Pump, Compression Stocking, Compression Bandage and Compression tape) – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 – 2023”.

Browse the full Compression Therapy Market (By Technology – Static and Dynamic); (By Product – Compression Pump, Compression Stocking, Compression Bandage and Compression tape) – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 – 2023 report at http://www.transparencymarketresearch.com/compression-therapy-market.html

The report states that the primary growth driver for the global compression therapy market is the rising number of accidents and an overall increase in the instance of injuries. It is added that most injuries are divided fairly between sports injuries and orthopedic injuries. The report also states that the growing number of diabetics and obese people, who are more prone to injuries, is further boosting the global compression therapy market.

The report explains compression therapy as a gold-standard treatment for multiple afflictions such as chronic venous deficiency, lymphedema, and deep vein thrombosis. The global compression therapy market benefits greatly through demand for its treatment procedures, as they are considered safe, easy to use, and display major improvements in a patient in a short span of time.

The global compression therapy market is, however, restrained by factors such as an inadequate supplementation of suitable reimbursement policies that are relevant to vascular diseases and their treatment, including compression therapy.

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The report segments the global compression therapy market according to technology, product, and geography.

According to product type, the global compression therapy market was dominated by the segment of compression bandage products in 2014. This segment held the largest share in the global compression therapy market owing to ease of use, ready availability, and low cost. Compression bandages are widely used for the majority of vascular diseases. The future of the global compression therapy market is, however, expected to be led by the compression pump segment, which is growing at the highest CAGR within the given forecast period. Compression pumps are considered to be easy to use and tolerate, and safe.

Compression pumps are further dissected into sequential and intermittent compression pumps. Of these, the market was dominated by the sub-segment of intermittent compression pumps in 2014. They are considered to be the gold standard in the treatment of lymphedema.

The segmentation of the market by technology was dominated by static therapy, due to high demand, easy availability of the products, ease of use, and a large-scale preference for static products by doctors. On the other hand, dynamic compression therapy is advancing at the fastest CAGR in the given forecast period, owing to increase in innovation and comfort level of products.

The key players in the global compression therapy market are Sigvaris Management AG, Paul Hartmann AG, Medi GmbH & Co. KG, Bio Compression Systems, Inc., Medtronic plc, BSN Medical, ArjoHuntleigh, and 3M Health Care.

Key segments of the Global Compression Therapy Market

Global Compression Therapy Market, by Technology
Static
Dynamic

Global Compression Therapy Market, by Product
Compression Pump
Intermittent
Sequential
Compression Stocking
Compression bandage
Compression Tape

Global Compression Therapy Market, by Geography
North America
U.S.
Canada
Europe
U.K.
Italy
Rest of Europe
Asia Pacific (APAC)
Japan
China
Rest of APAC
Latin America (LATAM)
Brazil
Mexico
Rest of LATAM
Middle East and Africa (MEA)
Saudi Arabia
UAE
Rest of MEA

About us:
Transparency Market Research (TMR) is a U.S.-based provider of syndicated research, customized research, and consulting services. TMR’s global and regional market intelligence coverage includes industries such as pharmaceutical, chemicals and materials, technology and media, food and beverages, and consumer goods, among others. Each TMR research report provides clients with a 360-degree view of the market with statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.