IMARC Group, a leading market research company, has recently releases report titled “Compression Therapy Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global compression therapy market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Report Highlights
How big is the compression therapy market?
| Report Attributes | Details |
| Market Size in 2022 | US$ 3.7 Billion |
| Market Forecast in 2028 | US$ 5.3 Billion |
| Growth rate (2023 to 2028) | CAGR of 6.09% |
| Base Year of the Analysis | 2022 |
| Forecast Period | 2023-2028 |
What are Compression Therapy?
Compression therapy is a therapeutic approach specifically designed to enhance blood circulation, prevent venous thrombosis, and provide relief from various conditions, such as edema, venous insufficiency, and lymphedema. This therapy involves the application of controlled pressure on the limbs with the aid of specifically designed products like compression stockings, wraps, or devices. By improving venous return and oxygenation of tissues, it helps to reduce swelling and pain while enhancing the healing process. Widely adopted in healthcare sectors, physiotherapy centers, and among homecare patients, compression therapy plays a crucial role in the treatment of deep vein thrombosis, sports injuries, diabetes-related conditions, and more. Its usage spans the preventative, curative, and palliative realms of healthcare, thus marking its significance in the overall health system.
What are the growth prospects and trends in the compression therapy industry?
The rise in the aging population worldwide represents one of the key factors driving the growth of the global compression therapy market. This, coupled with the increasing prevalence of vein-related diseases, such as varicose veins and deep vein thrombosis is acting as a major growth-inducing factor. This is further triggering a surge in demand for efficient, non-invasive treatment methods like compression therapy. Moreover, a growing number of sports injuries and rising awareness about the benefits of compression therapy in pain management and quicker recovery are contributing to the market growth.
There’s a significant trend toward product innovation, with companies developing user-friendly and technologically advanced compression therapy products. This, coupled with rising healthcare expenditure and a growing preference for preventive medical care, is further bolstering the market growth. Furthermore, the advent of customized, flexible, and lightweight compression garments is opening new avenues for the compression therapy market, transforming the therapeutic landscape while simultaneously creating a positive outlook for the market across the globe.
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Who are the key players operating in the industry?
The report covers the major market players including:
- 3M Company
- Arjo
- Bio Compression Systems
- BSN medical Limited (Essity AB)
- Cardinal Health
- Gottfried Medical Inc
- Julius Zorn GmbH
- medi GmbH & Co. KG
- Paul Hartmann AG
- Sigvaris Inc (Sigvaris AG)
- Spectrum Healthcare
What is included in market segmentation?
The report has segmented the market into the following categories:
Breakup by Technology:
- Static Compression Therapy
- Dynamic Compression Therapy
Breakup by Product:
- Compression Pumps
- Compression Stockings
- Compression Bandages
- Compression Tape
Breakup by Application:
- Lymphedema Treatment
- Leg Ulcer Treatment
- Varicose Vein Treatment
- Deep Vein Thrombosis Treatment
- Others
Breakup by Region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
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Key Highlights of the Report:
- Market Performance (2017-2022)
- Market Outlook (2023-2028)
- Market Trends
- Market Drivers and Success Factors
- The Impact of COVID-19 on the Global Market
- Value Chain Analysis
- Structure of the Global Market
- Comprehensive mapping of the competitive landscape
Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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