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 Overview:
The Compression Therapy Market analysis provides a comprehensive picture of competition, including the market share and company profiles of the worldwide industry’s top rivals. The research scope covers a complete analysis of the Compression Therapy Market, as well as the causes for variances in the industry’s growth in various places.
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Compression Therapy Market Scope:
To identify and collect material suitable for this study, this research study makes considerable use of secondary sources, directories, and databases, such as annual reports, press releases, journals, corporate websites, and databases.
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.
Failure in recognizing arterial disease results in unsafe application of the compression therapy. The more severe side effects are extremely uncommon and happen in persons who are predisposed to them or when compression therapy is applied incorrectly. As it is difficult to choose the right compression therapy garment for the treatment of various ailments due to the lack of globally standardized worldwide pressure standards.
There are numerous standards with various pressure parameters specified in each standard, including the German RAL, French ASQUL, and British standards. For instance, according to the requirements of the United Kingdom, France, and Germany, Class I compression socks.
Compression Therapy Market Segmentation:
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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Compression Therapy Market Key Players: The key players are
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)
Regional Analysis:
Individual market influencing elements and changes in market legislation that affect current and future market trends are also included in the regional component of the Compression Therapy Market study. Current and future trends are examined to assess the entire market potential and uncover profitable trends to get a more stable footing. The geographical market assessment is based on the present environment and expected developments.
Key Questions Answered in the Compression Therapy Market Report are:
- Which sub-segment had the largest share in the Compression Therapy Market?
- How is the competitive landscape of the Compression Therapy Market in 2023?
- Which are the key drivers impacting the Compression Therapy Market growth?
- Which region holds the maximum share in the Compression Therapy Market?
- What will be the CAGR of the Compression Therapy Market during the forecast period (2023-2029)?
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