The Compression Therapy Market size was valued at USD 3.69 Bn. in 2022 and the total Insulation revenue is expected to grow by 4.34% from 2023 to 2029, reaching nearly USD 4.78 Bn.
Compression Therapy Market Scope and Research Methodology
This Compression Therapy Market research report provides a comprehensive view of competition, including market share and profiles of major industry rivals worldwide. The study delves into various sectors to examine the factors that influence the industry’s growth.
The top-down and bottom-up approaches are used to validate and estimate market size by segment. Compression Therapy Market estimates are based on sale prices, with weights applied to usage rate and average sale price to produce percentage splits, market shares, and segment breakdowns. The geographical divisions are based on the adoption or usage percentage of the market size in each area.
Compression Therapy Market Drivers :
Compression therapy plays an important role for wound and ulcer care. Compression therapy can be administered using bandages, stockings, and intermittent pneumatic compression (IPC) devices. The increasing surge of the various disorders like Chronic venous disease, Cirrhosis, Angioedema, Lymphedema; wearing compression gloves and stockings helps in preventing the accumulation of fluid; has driven the market of Compression Therapy.
Moreover to ensure precise pressure control and improve compliance, a device that monitors and adjust the compression is highly desirable, Pneumatic Compression Devices (PCD) offers this possibility. The PCD which are available in 3 different types like Fixed PCDs with no mobility, Semi-portable PCDs with extended mobility and Portable PCDs where one can move freely while the device is operating are the emerging devices has further contributing to drive the Compression Therapy market.
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Compression Therapy Market Segmentation Analysis:
Based on Formulation, the Tablets Supplements segment held the largest market share of the Market in 2023. According to the MMR analysis, It stands out as the dominant segment in Market thanks to its rapid technological advancement and growing adoption of smart devices with data connectivity and integration.
by Product Type
1. Post-Surgical Compression
1.1 Thrombo-Embolus deterrent
1.2 Graduated Compression socks
1.3 Other Forms of Surgical Compressions
2. Athletic Compression
2.1 Knee-length Compression socks
2.2 Compression Ankle Socks
2.3 Compression Sleeves
2.4 Compression Short&Tights
2.5 Compression Shirts&Body Suits
by Application
1. Treatment of Rheumatoid Arthritis
2. Treatment of Post Thrombic Syndrome
3. Treatment of Chronic Ulcers
4. Treatment of lymphedema
by Technology
1. Static Compression
2. Dynamic Compression
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Key players include Compression Therapy Industry :
1. DJO Global Inc(US)
2. Tactile Medical(US)
3. Cardinal Health, Inc.(US)
4. Bio Compression Systems, Inc(US)
5. ArjoHuntleigh (Sweden)
6. BSN Medical(Germany)
7. medi GmbH & Co KG(Germany)
8. Julius Zorn GmbH(Germany)
9. PAUL HARTMANN AG(Germany)
10. SIGVARIS MANAGEMENT AG.(Australia)
11. Smith & Nephew PLC.(UK)
12. Convatec Inc.(UK)
13. 3M Health Care (UK)
14. Sanyleg S.R.L.(Italy)
15. Covidien plc(Ireland)
16. Medtronic PLC(Ireland)
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Key Questions Answered in the Compression Therapy Market Report are:
- Which segment asserted the greatest market share in 2024 for Compression Therapy ?
• How does the competitive landscape unfold within the Compression Therapy market?
• What pivotal factors steer the growth trajectory of the Compression Therapy market?
• In the realm of the Compression Therapy market, which region commands the most significant market share?
• What is the anticipated Compound Annual Growth Rate (CAGR) for the Compression Therapy market during the forecast period (2024-2030)?
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