The report also discusses in detail the recent mergers and acquisitions, joint ventures, collaborations, product launches and brand promotions, agreements, corporate and government deals, and partnerships, among others. The report also sheds light on the recent technological developments and product advancements in the Compression Therapy Market. The competitive landscape of the report has been formulated by considering all the vital parameters such as company profiling, market share, recent developments and advancements, gross margins, product portfolio, revenue generation, financial standing, market position, and expansion plans.
The global compression therapy market size is expected to reach USD 4.77 Billion at a steady revenue CAGR of 5.2% in 2030, according to latest analysis by Emergen Research. Clinical evidence favoring adoption of compression therapy in target condition management is a major factor driving market revenue growth. For instance, poor blood flow, often known as Chronic Venous Insufficiency (CVI), is a frequent ailment treated with compression treatment. According to research, CVI affects between 25% and 40% of women and 10% to 20% of males. Compression stockings and athletic clothing are becoming increasingly prevalent. Compression treatment increases performance, decreases post-exercise discomfort, and lowers risk of blood clots in athletes, hence driving market revenue growth.
One of the primary restraints for market revenue growth is low patient compliance intended for compression garments. For instance, poor connections with healthcare personnel are commonly cited as a major contributor to non-compliance with compression therapy. Individuals cannot make informed decisions without proper information, considering patients knowledge and awareness of disease and therapy, which has been shown to impact adherence to treatment measures. Patients with co-morbidities, such as osteoarthritis, poor vision, and persistent back issues, may already be limiting their ability to self-care and addition of managing compression therapy could be too much for them to grasp.
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Market Overview:
The research report on the Compression Therapy market is formulated through extensive primary and secondary research along with qualitative and quantitative analysis of vital aspects of the market. The insightful data is further validated and verified by the industry professionals. The report strives to offer deeper insights into the overall market scenario of the Compression Therapy business sphere.
Report Objective: The primary objective of this report is to provide the manufacturers, distributors, suppliers, and buyers engaged in this sector with access to a deeper and improved understanding of the global Compression Therapy market.
The leading market contenders listed in the report are:
3M, Arjo, BIOCOMPRESSION SYSTEMS, Essity Medical Solutions, Cardinal Health, Convatec Inc., DJO, LLC, Juzo, PAUL HARTMANN AG, and Sanyleg Srl
The research study examines historic data from 2018 and 2020 to draw forecasts until 2028. The timeline makes the report an invaluable resource for readers, investors, and stakeholders looking for key insights in readily accessible documents with the information presented in the form of tables, charts, and graphs.
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Market Segmentations of the Compression Therapy Market
For this study, this report segments the global Compression Therapy market on the basis of product, application, and region:
Segments Covered in this report are:
- Product Outlook (Revenue, USD Billion; 2019–2030)
- Compression Garments
- Compression Stockings
- Compression Bandages and Wraps
- Others
- Compression Pumps
- Compression Braces
- Compression Garments
- Technique Outlook (Revenue, USD Billion; 2019–2030)
- Static Compression Therapy
- Dynamic Compression Therapy
- Application Outlook (Revenue, USD Billion; 2019–2030)
- Varicose Vein Treatment
- Deep Vein Thrombosis Treatment
- Lymphedema Treatment
- Leg Ulcer Treatment
- Others
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Regional Outlook of the Compression Therapy Market
The global Compression Therapy market has been categorized into several important geographical regions, including North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. In this section, authors of the report have studied the presence of the global Compression Therapy market across major geographies. Moreover, the estimated market share, market size, revenue contribution, sales network and distribution channel, and other crucial elements of each regional segment have been detailed in the report.
Key takeaways of the Global Compression Therapy Market report:
- The report sheds light on the fundamental Compression Therapy market drivers, restraints, opportunities, threats, and challenges.
- It elaborates on the new, promising arenas in the leading market regions.
- It examines the latest research & development projects and technological innovations taking place in the key regional segments.
- The research report reviews the regulatory framework for creating new opportunities in various regions of the market
- It focuses on the new revenue streams for the players in the emerging markets.
- Furthermore, the report offers vital details about the rising revenue shares and the sizes of the key product segments.
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