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Compression Therapy Market, By Product (Stockings, Pumps, Bandages, and Tape), By Application (Static and Dynamic) and Geography (North America, Europe, Asia Pacific, and RoW) – Analysis, Share, Trends, Size, & Forecast From 2014 – 2025

106 Pages | Published Date : 1 / 03 / 18  | Report Code: AV157 | Report Format: PDF

REPORT HIGHLIGHT

The compression therapy market is estimated to represent a global market of USD 3.2 billion by 2017 with growth rate of 6.1%.

Compression therapy is a process to provide comfort to the vein by means of pressure. As per the American Venous Forum, compression therapy means wearing stocks which are designed to support veins and accelerate blood circulation in legs. This therapy helps in improving sign and symptoms of various venous conditions by providing graduated compression mechanism to help controlling leg discomfort and swelling.

Market Dynamics

Most commonly compression therapy is indicated for the treatment of conditions such as arthritis pain, deep vein thrombosis, lymphoedema, chronic venous insufficiency, excessive blood clotting, and venous thrombosis. Rising prevalence of such conditions is expected to be an important factor driving the market growth. According to the Centers for Disease Control and Prevention (CDC), deep vein thrombosis affects more than 900,000 population every year in the U.S. The study also suggested that approximately 60,000-100,000 people die due to venous thromboembolism each year. However, lack of the unified standard testing system for compression therapy in developed markets such as the U.S. and Europe hampers the industry growth to some extent.

Product Takeaway

The product segment is bifurcated into stockings, pumps, bandages, and tape. Compression bandages are the piece of soft materials, used to stop the blood flow from an artery by means of pressure. It offers advantages such as high-cost efficiency, extensibility, tension sustainability and elasticity. This product segment holds the dominant share of the overall market owing to the rising adoption rate in the treatment of edema and lymphatic disorders of the lower limb.

On the other hand, pumps are anticipated to grow with the highest growth rate. High growth of this segment is supported by the growing incidence of lymphedema and similar venous disorders. Introduction of new and innovative pumps by key players will also stimulate the market growth. For example, Compression Therapy Concepts offers the VasoPress System, pneumatic compression pump for the prevention of deep vein thrombosis. This product is primarily designed to reduce the risk of pulmonary embolism.

Global Compression Therapy Market by Product, 2017 vs 2025

Technology Takeaway

In terms of technology, the market is divided into static and dynamic systems. The static segment captures the highest share of the global market. Static system is defined as a type of massage therapy in which direct pressure is applied to the muscle to relax tissue.

Regional Takeaway

Regionally, North America dominates the global industry owing to the growing geriatric population base, coupled with high awareness among the patient population. On contrary, Asia Pacific region is anticipated to grow with the highest growth rate. The market in this region is primarily driven by high investments on R&D by global players as well as consistent efforts for commercialization of branded products at a relatively lower price.

Key Vendor Takeaway

Companies such as Medtronic, Hartmann, Gottfried, 3M Healthcare, and Spectrum are profiled in the study. The industry is highly competitive in nature and key player are involved in strong research activities to gain a competitive edge over their competitors. Most notable key players are Sigvaris, Medi GmbH, BSN Medical which accounts for a considerable share of the global industry owing to their extensive product offerings.

On contrary, small players are also engaged in developing effective and innovative products to capture large customer base. For example, in July 2015, ArjoHuntleigh, Sweden based medical device company, launched Flowtron ACS900 system to treat vascular thromboembolism. This product provides uniform and sequential pressure and helps in providing relief from disease condition effectively. Introduction of such product will help the company to strengthen its vascular products portfolio and gain an edge over competitors.

The market size and forecast for each segment has been provided for the period 2014 to 2025, considering 2015 as the base year. The report also provides the compounded annual growth rate (% CAGR) for the forecast period 2016 to 2025 for every reported segment.

The years considered for the study are:

  • Historical Year – 2014 & 2015
  • Base Year – 2016
  • Estimated Year – 2017
  • Projected Year – 2025

TARGET AUDIENCE

  • Traders, Distributors, And Suppliers
  • Manufacturers
  • Hospitals
  • Government and Regional Agencies and Research Organizations
  • Consultants
  • Distributors

SCOPE OF THE REPORT

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

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
TABLE OF CONTENT

1. COMPRESSION THERAPY MARKET OVERVIEW
1.1. Study Scope
1.2. Base Year
1.3. Assumption and Methodology
2. EXECUTIVE SUMMARY
2.1. Key Market Facts
2.2. Geographical Scenario
2.3. Companies in the Market
3. COMPRESSION THERAPY KEY MARKET TRENDS
3.1. Market Drivers
3.1.1. Impact Analysis of Market Drivers
3.2. Market Restraints
3.2.1. Impact Analysis of Market Restraints
3.3. Market Opportunities
3.4. Market Future Trends
4. COMPRESSION THERAPY INDUSTRY STUDY
4.1. Porter’s Analysis
4.2. Market Attractiveness Analysis
4.3. Value Chain Analysis
5. COMPRESSION THERAPY MARKET LANDSCAPE
5.1. Market Share Analysis
6. COMPRESSION THERAPY MARKET – BY PRODUCT:
6.1. Overview
6.2. Compression Stockings
6.2.1. Overview
6.2.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
6.3. Compression Pumps
6.3.1. Overview
6.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
6.4. Compression Bandages
6.4.1. Overview
6.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
6.5. Compression Tape
6.5.1. Overview
6.5.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
7. COMPRESSION THERAPY MARKET – BY APPLICATION:
7.1. Overview
7.2. Static
7.2.1. Overview
7.2.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
7.3. Dynamic
7.3.1. Overview
7.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
8. COMPRESSION THERAPY MARKET– BY GEOGRAPHY
8.1. Introduction
8.2. North America
8.2.1. Overview
8.2.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
8.2.3. U.S.
8.2.3.1. Overview
8.2.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
8.2.4. Canada
8.2.4.1. Overview
8.2.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
8.3. Europe
8.3.1. Overview
8.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
8.3.3. France
8.3.3.1. Overview
8.3.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
8.3.4. Germany
8.3.4.1. Overview
8.3.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
8.3.5. Rest of Europe
8.3.5.1. Overview
8.3.5.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
8.4. Asia Pacific (APAC)
8.4.1. Overview
8.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
8.4.3. China
8.4.3.1. Overview
8.4.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
8.4.4. India
8.4.4.1. Overview
8.4.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
8.4.5. Rest of APAC
8.4.5.1. Overview
8.4.5.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
8.5. Rest of the World
8.5.1. Overview
8.5.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
8.5.3. Latin America
8.5.3.1. Overview
8.5.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
8.5.4. Middle East and Africa
8.5.4.1. Overview
8.5.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
9. KEY VENDOR ANALYSIS
9.1. Medtronic
9.1.1. Company Overview
9.1.2. SWOT Analysis
9.1.3. Key Developments
9.2. Hartmann
9.2.1. Company Overview
9.2.2. SWOT Analysis
9.2.3. Key Developments
9.3. Gottfried
9.3.1. Company Overview
9.3.2. SWOT Analysis
9.3.3. Key Developments
9.4. 3M Healthcare
9.4.1. Company Overview
9.4.2. SWOT Analysis
9.4.3. Key Developments
9.5. Spectrum
9.5.1. Company Overview
9.5.2. SWOT Analysis
9.5.3. Key Developments
*Client can request additional company profiling as per specific requirements
10. 360 DEGREE ANALYSTVIEW
11. APPENDIX
11.1. Research Methodology
11.2. Abbreviations
11.3. Disclaimer
11.4. Contact Us

List of Tables
Table 1 List of Acronyms
Table 2 Key Market Facts, 2014 – 2025
Table 3 Market Drivers: Impact Analysis
Table 4 Market Restraint: Impact Analysis
Table 5 Market Opportunity: Impact Analysis
Table 6 PEST Analysis
Table 7 Porter’s Five Forces Analysis
Table 8 Company Market Share Analysis
Table 9 Global Compression Therapy Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
Table 10 Compression Therapy Market, by Product, 2014 – 2025 (USD Million)
Table 11 Compression Therapy Market, by Application, 2014 – 2025 (USD Million)
Table 12 Compression Therapy Market, by Geography, 2014 – 2025 (USD Million)
Table 13 North America Compression Therapy Market, 2014 – 2025 (USD Million)
Table 14 U.S. Compression Therapy Market, 2014 – 2025 (USD Million)
Table 15 Canada Compression Therapy Market, 2014 – 2025 (USD Million)
Table 16 Europe Compression Therapy Market, 2014 – 2025 (USD Million)
Table 17 France Compression Therapy Market, 2014 – 2025 (USD Million)
Table 18 Germany Compression Therapy Market, 2014 – 2025 (USD Million)
Table 19 Asia Pacific Compression Therapy Market, 2014 – 2025 (USD Million)
Table 20 China Compression Therapy Market, 2014 – 2025 (USD Million)
Table 21 India Compression Therapy Market, 2014 – 2025 (USD Million)
Table 22 Latin America Compression Therapy Market, 2014 – 2025 (USD Million)
Table 23 MEA Compression Therapy Market, 2014 – 2025 (USD Million)

List of Figures
Figure 1 Research Methodology
Figure 2 Research Process Flow Chart
Figure 3 Comparative Analysis, by Geography, 2016-2025 (Value %)
Figure 4 Regulatory Framework Analysis
Figure 5 Value Chain Analysis Analysis
Figure 6 Compression Therapy Market, by Product, 2014 – 2025 (USD Million)
Figure 7 Compression Therapy Market, by Application, 2014 – 2025 (USD Million)
Figure 8 Compression Therapy Market, by Geography, 2014 – 2025 (USD Million)

SCOPE AND OBJECTIVES :
The objective of this report is to describe the market trends and revenue forecasts for the market for the upcoming years. The report focuses on defining and describing the key influencing factors for the growth of the market. It also offers an in-depth analysis of the market size (revenue), market share, major market segments, different geographic regions, key market players, and premium industry trends.
The report tracks the major market events including product launches, technological developments, mergers & acquisitions, and the innovative business strategies opted by key market players. Along with strategically analyzing the key micro markets, the report also focuses on industry-specific drivers, restraints, opportunities and challenges in the market. The scope of this report covers the market by its major segments.

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

RESEARCH METHODOLOGY

Research methodology is developed on a combination of specialist industry analyst knowledge and in-country research experience. We employ data interrogation methodologies to generate new and meaningful analyses and insights. The research study includes extensive use of secondary sources, paid databases (such as Bloomberg, Dun & Bradstreet, and BusinessWeek) and directories, to identify and collect information, useful to understand technical, commercial and market-oriented aspects. Market data and information are also collected (but not limited to) from the secondary sources such as:

  • Official company’s website, financial and annual reporting
  • Government statistical data
  • Online publishing articles
  • Industry player’s investor presentations
  • Economic news articles
  • National and international trade associations
  • The financial, business, and mainstream press
  • Industry study groups and semiofficial sources
  • Informative channels related to the market topics

* Gathering data through secondary sources is only the first step. The ability to cross-refer market data through available secondary            information often conflicting across multiple sources is a key aspect of the added value we provide

In order to verify and validate secondary market data, we engage with the Key Opinion Leaders (KoL’s), operating in the respective markets, through phone calls, emails, and web-based survey responses. This platform help us validate our data in terms of accuracy and gain insight into the current market and future expectations. Furthermore, the obtained information guide us to understand several facets of the market with respect to manufacturers and buyers’ perspectives.

In addition, to assign weights to all the relevant market dynamics and parameters and quantify their market impact for generating projected market growth rate, we used advanced machine learning algorithms in order to collate essential market data. The machine learning method utilizes algorithms such as regression, correlation, and decision tree, among others, to derive the desired output. This tool help us in deriving highly detailed forecasts, profound knowledge of product demand, and others.

These collected data points are carefully filtered, analyzed, compared, and presented in an easy way to develop accurate research study. Furthermore, all collected data is subjected to undergo exhaustive review process at country level, regional level, and global level.

Market Forecast :

Market forecast is primarily based on the year-on-year (YOY) growth rate. Data projection and future performance of each segment is analyzed based on the key aspects extracted from primary and secondary research results. Thus, data projection exhibits the assumption on how the market performs under microeconomic and macroeconomic parameters. Our market forecasting technique represents strategic conclusions which can play a crucial role for our client’s in making strategic marketing plans.

For forecasting, the following parameters were considered:

  • Market drivers and restraints along with their current and expected impacts
  • Technological scenario and expected developments
  • Trends in the consumer behaviors
  • End-user industry trends

We have assigned weights to above-mentioned parameters and quantified their market impacts using the weighted average analysis, to derive an expected market growth rate.

Market Analysis

Another integral part of our research study is that market data is accompanied by clear written analysis. We include detailed information on market segments in terms of market drivers, market restraints, and market opportunities. These offer insights on different channel dynamics, brand preference, incidence/prevalence data, consumption trend, and technology up-gradations.

We also include supporting data from relevant awareness campaigns, new introductions, regulatory norms, government initiatives, and an industry player’s expansion in specific product segments. From research perspective, this information explains and substantiates estimated data finding and forecast.

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