Compression Therapy Market size is estimated to experience
significant growth from 2018 to 2024.
Compression therapy is used to treat sports injuries caused
due to reasons such as overtraining and overexcretion. Increasing sports
activities have led to injuries that can be detrimental if not treated
immediately. The need for this therapy will arise in case of sports injuries
such as tears, fractures and sprains. The occurrence of such incidences of
sports injuries will drive the market growth at a substantial pace.
The recognized choice of treatment for venous diseases is
compression therapy. People suffering from venous disease use this therapy to
help control swelling and discomfort. Increasing cases of patients suffering
from venous diseases is associated with aging population. Also, prevalence of
chronic diseases such as cancer are responsible for causing venous disease. The
rising need for compression therapy for treating venous disorders will have
major impact on market growth in near future.
The decrease in compliance of customer due to wearing
comfort should be a restraining factor. There are some patients that are not
comfortable wearing compression garments such as stockings and opt for
different line of treatment. The geriatric population may not be comfortable
using these wearable products as they may cause difficulty to the aged people
in carrying out day to day activities. These customer compliance factors may
affect the market growth.
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Compression garments are one of the major components of
compression therapy. These products will play significant role in boosting the
industry growth, due to their ease of use to patient while working or in
stationary position. Compression garments are beneficial to post-operative
patients as it prevents deep vein thrombosis and aids the patient in recovering
quickly. The use of compression garments in recovery of patients will help the
boost the market.
Dynamic compression therapy will increase the scope of the
market due to its ability to reduce recovery time, speeding up healing time.
Dynamic therapy provides a competitive edge over other therapies to the
customers in the treatment of venous disorders. The technological advancement
in the dynamic therapy will result in providing comfort and quick result to the
patients and will fuel compression therapy market growth.
Prevalence of diseases like venous disorders is a major
concern and compression therapy is beneficial in treating them. Gradual
increase in cases related to diseases such as varicose vein, deep vein
thrombosis, lymphedema and leg ulcer will contribute to market expansion. Rise
in number of new and innovative product to treat these disorders will create
the opportunities in compression
therapy market over the forecast timeframe.
Substantial rise in the number of compression therapy
procedures in hospitals, home cares and other healthcare service sectors will
impact the market growth. Nowadays the patients can undergo therapy at home,
due to easy portability of therapy kits. Increase in aging population and
prevalence of chronic diseases will give hospitals a great amount of
opportunity in the growth of the market.
North American market will play a crucial role in growth of
compression therapy market. The occurrence of venous diseases is very common in
the North America region owing to increase in the obesity of people, rise in
aging population and high risk of sport injuries.
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Asia pacific is fast developing region with rise in
inclination towards sports and fitness, prevalence of chronic diseases and
increasing population is one of the main reason behind that the market will
flourish in future.
Some of the key players in compression Therapy market
include 3M, Medtronic PLC, Bio compression systems, BSN Medical, Huntleigh
Healthcare, SN Medical, Medi GmbH, Paul Hartmann AG. The companies focus on
strategic alliances, merger acquisition and innovative product launches to expand
their business product portfolio in the developing countries as main
strategies.
Compression Therapy Market, by product,
2013-2024 (USD Million)
- Compression
garments
- Compression
braces
- Compression
tapes
- Compression
pumps
Compression Therapy Market by technique,
2013-2024 (USD Million)
- Static
- Dynamic
Compression Therapy Market by application,
2013-2024 (USD Million)
- Varicose
Vein Treatment
- Deep Vein
Thrombosis Treatment
- Lymphedema
Treatment
- Leg Ulcer
Treatment
- Others
Compression Therapy Market by end-use, 2013-2024
(USD Million)
- Hospitals
- Clinics
- Ambulatory
surgical centers
- Home cares
The above information is provided for the
following regions and countries:
- North
America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Asia Pacific
- Japan
- China
- India
- Australia
- Latin
America
- Mexico
- Brazil
- Middle East
and Africa
- Saudi
Arabia
- South
Africa
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