Healthcare

Compression Therapy Devices Market Size to registered USD 1.323 bn Revenue In2016

According to a new market report published by Persistence Market Research “Global Market Study on Compression Therapy – Asia to Witness Highest Growth by 2020”, the global compression therapy market was valued at USD 2,377.8 million in 2014 and is expected to expand at a CAGR of 5.2% from 2014 to 2020, to reach USD 3,232.3 million by 2020.
Compression therapy is a procedure entailing the delivery of an external force to tired and aching legs and other relevant anatomical targets where compression is required for management. This therapy is used to treat venous and lymphatic diseases such as lower limb edema, venous eczema, deep vein thrombosis, and diabetic foot ulcers.
Globally, the market for compression therapy is witnessing significant growth due to the increasing prevalence of diabetes, growth of the aging population, high incidence of sports injuries, rising awareness about various venous diseases, and the advanced features of compression therapy garments and devices. However, inadequate reimbursement policies and the risk of complications associated with compression therapy systems inhibit the growth of the market. The global compression therapy market is anticipated to grow from an estimated USD 2,377.8 million in 2014 to USD 3,232.3 million by 2020 at a CAGR of 5.2% during the forecast period.
North America dominates the compression therapy market due to increasing numbers of sports injuries in the region. For instance, according to Safe Kids Worldwide, a global organization dedicated to preventing injuries in children, every year about 1.3 million cases of sports injuries among youngsters are registered in the U.S. Increasing prevalence of diabetes, aging population, and rising obesity are also supporting the growth of compression therapy market in North America.​_
The compression therapy market in Europe is growing due to rising incidence of sports injuries in the region. According to the European Injury Database (IDB), approximately 4.5 million people above 15 years of age are treated in hospitals for sports injuries every year in the region. In addition, increasing the prevalence of diabetes and the growth of the aging population are also supporting the growth of the compression therapy market in Europe.

 

Asia is the fastest-growing region in the compression therapy market. According to the Asian Federation of Sports Medicine (AFSM), a part of International Federation of Sports Medicine (FIMS), on average 21,334 sports injuries occur every year in the region. Moreover, a growing aging population and increasing prevalence of diabetes are also supporting the growth of the compression therapy market in the region.
Browse the full Global Market Study on Compression Therapy – Asia to Witness Highest Growth by 2020 report at https://www.persistencemarketresearch.com/market-research/compression-therapy-devices-market.asp
Medtronic plc, 3M Company, SIGVARIS, and Smith & Nephew plc are some of the leading players in the compression therapy market. Other major players in the market include medi GmbH & Co. KG, PAUL HARTMANN AG, Julius Zorn GmbH., ArjoHuntleigh, BSN medical GmbH, and THUASNE.

Table Of Contents

 

 

Chapter 1 Preface

1.1 Report Description

1.2 Research Methodology

1.3 Assumptions

Chapter 2 Market Synopsis

Chapter 3 Porter’s Five Forces Analysis

3.1 Bargaining Power of Suppliers

3.2 Bargaining Power of Buyers

3.3 Threat of New Entrants

3.4 Threat of Substitutes

3.5 Intensity of Rivalry

Chapter 4 Industry Overview

4.1 Market Definition

4.2 Market Drivers

4.2.1 Increasing prevalence of diabetes

4.2.2 Rising aging population

4.2.3 High incidence rate of sport injuries

4.2.4 Rising awareness about various venous diseases

4.2.5 Advanced features of compression therapy garments and devices

4.3 Impact Analysis of Market Drivers

4.4 Market Restraints

4.4.1 Inadequate reimbursement policies

4.4.2 Risk of complications associated with compression therapy devices

4.5 Impact Analysis of Market Restraints

4.6 Market Trends

4.6.1 Increasing usage of dynamic compression therapy systems is gaining popularity in compression therapy market

Chapter 5 Global Market Size and Forecast

Chapter 6 Market Size and Forecast by Static Compression Therapy

6.1 Compression Bandage

6.2 Compression Garments

6.3 Diabetic Shoes

Chapter 7 Market Size and Forecast by Dynamic Compression Therapy

7.1 Non-segmented Pneumatic Pumps

7.2 Segmented Pneumatic Pumps

Chapter 8 Market Size and Forecast by Geography

8.1 North America

8.1.1 Scenario in the U.S.

8.1.2 Scenario in Canada

8.2 Europe

8.2.1 Scenario in Germany

8.2.2 Scenario in France

8.2.3 Scenario in the U.K.

8.2.4 Scenario in Spain

8.2.5 Scenario in Italy

8.3 Asia

8.3.1 Scenario in China

8.3.2 Scenario in India

8.3.3 Scenario in Japan

8.4 Rest of the World (RoW)

8.4.1 Scenario in Brazil

8.4.2 Scenario in Australia

Chapter 9 Competitive Scenario

9.1 Competitive Benchmarking

Chapter 10 Company Profiles

10.1 SIGVARIS

10.1.1 Company overview

10.1.2 Products and services

10.1.3 Financial performance

10.1.4 Key developments

10.2 BSN medical GmbH

10.2.1 Company overview

10.2.2 Products and services

10.2.3 Financial performance

10.2.4 Key developments

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