Compression Therapy Market by Technique (Static, Dynamic), Product (Compression Garment, Compression Braces, Compression Pumps), Application (Varicose Veins, Deep Vein Thrombosis (DVT), Lymphedema, Leg Ulcers), Distribution (Pharmacies & Retailers, Hospitals & Clinics and E-commerce Platforms) - Global Analysis & Forecast 2020-2030
Report ID : 283 | Published Date : Jun 2020 | Pages : 160 | Region : Global | Report Code : MD-78
Compression Therapy Market Overview and Introduction
Compression therapy performs its function by strengtheningvein support,is a form of wound care, which includes a simple &an effective processof increasing blood flow activity in the lower limbs. This therapy aims to gently apply pressure to the ankles and legs by wearing specifically designed products. These products then work to slowly stretch out vein walls and improve overall circulation, which in turn,helpsin eliminatingthe swelling, while reducing the pain.
The global compression therapy market is majorly driven by rising incidencesof sports injuries and accidents. Moreover, rising number of individuals suffering from chronic venous diseases, whoexperienceincreased pressure strains on the leg veins,isanticipated tofurther propel market during the forecast period. Continuously evolving lifestyle has led individuals to spend more times with minimal physical activity, which in turn has propelled the number of obesity related ailments. This is another factor responsible for the growth of the global compression therapy market. However, reduced compliance towards the products due tousers’ discomfort and potential problems which may arise due to inappropriate donning of compression garments may restrict the growth of the market to a certain extent.
The global compression therapy market has primarily been segmented into the following categories -by technique, by product, by application,and by distribution channel.
Compression Therapy Market By Technique
Based on technique, the marketcan be classified into static anddynamic. The segment ofstatic compression therapytechniqueaccounted for the largest market share in 2019, owing to ease of accessibility and widerange of application which this technique provides,including treatment ofedema and sports-related injuries.
Compression Therapy Market By Product
Based on product,the market can be classified into compression garments, compression braces, and compression pumps. The compression garmentssegment accounted for the largest market share in 2019, owing to rising cases of varicose veins, edema, Deep Vein Thrombosis (DVT), and lymphedema, as well as management of several chronic conditions.
Compression Therapy Market By Application
Based on application,the market can be classified into varicose veins, Deep Vein Thrombosis (DVT), lymphedema, leg ulcers, and others. Thelymphedemasegment is anticipated to grow with the highest CAGR,owing to high number ofdiabetic and geriatric populationsamong several countries worldwide.
Compression Therapy Market By Distribution Channel
Based on distribution channel,the compression therapy market can be classified into pharmacies & retailers, hospitals & clinics and E-commerce platforms.
Compression Therapy Market By Regions
Based on region, the global compression therapy market can be segmented into North America, Europe, Asia Pacific, and the Rest of the World (ROW).Asia Pacific is expected to be the fastest-growing market during the forecast period. Several factors, such asgrowinginvestments in R&D activities by key players to commercialize products at relatively lower prices and rising number of chronic venous diseases among the population, will play a crucial role in the growth of this region. Moreover, rising disposable income in this region is anticipated to further promote the adoption of these products for treating venous disorders in the coming years.
Compression Therapy Market Prominent Players
Some of the key players operating in theglobal compression therapy marketinclude DJO GLOBAL, INC., BSN medical, Medi GmbH & Co. KG, Inc., Tactile Medical., SIGVARIS GROUP., Smith & Nephew Plc., 3M, ConvaTec Inc., Arjo., and Juzo, amongothers.