Home >> Report Store >> Healthcare >> Compression Therapy Market, By Product (Stockings, Pumps, Bandages, >

Compression Therapy Market Size Worth $4.69 Billion By 2025 | CAGR: 6.1%

Published Date : 1 / 03 / 18 | Report Format: PDF

The global compression therapy market is expected to grow at growth rate of 6.1% to reach USD 4.69 billion by 2025.

Compression therapy refers to the use of specialized bandages and stockings for the management and treatment of lymphedema and chronic venous diseases. This therapy includes the use of products such as tubular bandages, hosiery, bandage systems, and others. Collective use of these systems is aimed to develop gradual pressure to lower limb in order to reduce edema and to improve venous return.

Compression therapy is considered to be a cornerstone for the treatment of conditions such as venous insufficiency, varicose veins and to reduce ulcer recurrence. According to the International Journal of Health Sciences (IJHS), chronic venous insufficiency affects more than 50% of the adult population worldwide. Growing incidences of such conditions are expected to increase the demand for this technology, thus bolstering the industry growth.

Further, an introduction of new and innovative products by key players in this segment is also driving the product demand significantly. For instance, in July 2016, Medtronic plc introduced VariLoc Locking Compression Plate System in China. This system enables the physicians to capture fracture fragments and thus, position screw precisely. Such types of new developments would, in turn, boost the utilization of these products, augmenting the market growth. Furthermore, rising incidences of sports injuries, technological advancements, and growing awareness are projected to boost the product uptake in the future period. However, compression therapy is often used sub-optimally in physician practices due to lack of proper knowledge regarding the benefits of this therapy. As a result, patients in low and middle-income countries avoid using such therapies, hence hampering the industry growth to some extent.

Key Takeaways :

  • Of the different products, stockings captured a significant share of the total market as it is widely used for the treatment of varicose veins due to its various benefits.
  • Compression therapy for varicose veins support healthy blood circulation and helps in preventing such conditions
  • Compression pumps segment is growing with the highest CAGR (i.e. 8.1%) owing to the high demand coupled with the introduction of technologically advanced pumps by key players
  • Regionally, North America and Europe are the largest regions, accounted for more than 75% share of the global market throughout the study period
  • Rising research and development activities, aging population, and increasing product awareness are some of the factors driving the industry growth in these regions
  • Asia Pacific region is anticipated to grow with the highest growth rate over the future period
  • Companies such as Hartmann, Medtronic, 3M Healthcare, Gottfried, and Spectrum are profiled in the study
  • This industry is highly competitive in nature. Most notable participants are Sigvaris, Medi GmbH, BSN Medical which accounts for a considerable share of the market owing to their extensive product offerings.

KEY BENEFITS OF THE REPORT:

  • In-depth analysis of the key market dynamics
  • Granular analysis of the current market scenario and expected factors to affect the market
  • Detailed analysis of the geographic region, regional and county wise analysis
  • Highlight on the strategies that are being adopted by the key players in this market to stay competitive
  • Extensive analysis of the key players dominating the market

The scope of this report covers the market by its major segments, which include as follows:

Market Segmentation

 MARKET, BY PRODUCT

  • Stockings
  • Pumps
  • Bandages
  • Tape

MARKET, BY TECHNOLOGY

  • Static
  • Dynamic

MARKET, BY REGION

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • Rest of Europe
  • Asia Pacific
    • India
    • China
    • Rest of APAC
  • Rest of the World
    • Middle East and Africa
    • Latin America

Why AnalystView?

Z

Trusted Partnership

We strive to become one of the trusted partner of our client by offering value added services and concrete research data.

Y

Tailor Made Solutions

From single reports and data downloads to enterprise subscriptions to custom consultancy, we can base our precise solutions round our client’s exact needs.

Turnaround Time

Our analyst aims to provide research studies in quickest turnaround time and in a much cost effective manner.

T

Data Accuracy And Reliability

We utilize a mix of primary, secondary research, and machine learning algorithms to generate accurate and comprehensive data about market size and revenue forecasts.

Competitive Pricing

We offer most competitive pricing policy across the research industry

Client Testimonials

Asia Pacific based Chemical Industry (Privacy Requested)

Thanks AnalystView for putting a great team to work on our research projects. It was a smooth transition of knowledge and delivery was seamless. We are keen to work with you on our upcoming projects. Thank you once again for the professional attitude your team has demonstrated.

CEO, Europe based Digital Media Company (Privacy Requested)

We had confusion after receiving the final data sheet of report. As per some preliminary we already have, we believe the market is over estimated.. However, after string of calls with analyst, we found their final research analysis was methodologically sound and their work to be very professional and up […]

Managing Director, Chemical based Company, Asia Pacific (Privacy Requested)

We are happy with the way the AnalystView member understood the brief and went about executing our research project.

U.S. Headquartered Medical Device Company (Privacy Requested)

AnalystView team has done brand assessment study for blood glucose monitoring devices market, in which we want enter into….We were very impressed not only by their research skills but also by their understanding of issues relevant to our requirements…!!

Vice President, Petrochemical Firm based in China (Privacy Requested)

It was a pleasure assigning project to AnalystView; they are reliable, fast and friendly. Highly recommend this company for research workJGood stuff!

US based healthcare service provider (Privacy Requested)

Frankly, we didn’t expect much comprehensive data for the report we purchased. To be surprised, I must say the report we received was very nicely executed….It contains all the information we are looking for and satisfied with the quality of the report. Thank you team

Europe based Chemical Industry (Privacy Requested)

Just wanted to say massive thanks for all the help from the AnalystView team. We purchased two reports one is Food Safety Testing report and another one is Enzyme market. These reports have helped us build a sound knowledge base of our business segments and have taken our business to […]

Why Choose Us

We devise research report with quality data:

Combined with an in-depth knowledge of the current industry and a sharp analytical mind, AnalystView serve our customer accurate research in accordance with a constantly evolving industry.

We work with businesses just like yours: 

AnalystView committed to making a positive difference for our clients. This means whatever you demand, chances are we already have experience with something similar.

Share This