Compression therapy devices are used to treat chronic diseases such as, lymphedema, leg-ulcers, phlebitis, thrombosis, and other forms of varicose veins. These devices are also used to prevent venous issues during pregnancy and for long distance travel.
Depending on the pathology, medical compression therapy can be used in different forms such as, socks, stockings, tights, or bandages. Compression pumps are also available in the market which are kept around the affected area. The pump helps in unblocking the trapped fluid and gently compresses the area, reduces the pain and helps to mimic the way the body works generally.
The increasing prevalence of vascular diseases among the obese population, such as, venous veins, leg ulcers, foot ulcers, deep vein thrombosis and diabetic foot ulcers is the major factor fuelling the market for global compression therapy devices market. Increasing awareness on chronic wound associated risk factors and rising obese population also help to propel the growth of the market. Introduction of advanced compression therapy garments and devices in the market is anticipated to add novel opportunities for global compression therapy devices market in the forecast period.
The compression therapy devices market is classified by treatment which includes static compression therapy and dynamic compression therapy. The static compression therapy segment is further segmented in compression bandages, compression garments and diabetic shoes. The dynamic compression therapy segment is also classified as pumps and sleeves. The market by application can be categorized into varicose veins treatment, deep vein thrombosis treatment, lymphedema treatment, leg ulcer treatment and others. The market based on the end user is segmented as hospitals, ambulatory surgical centers and others.
The report outlines the development of diverse regions and countries by including the market size, volume and value. It also contains the manufacturers data such as batch, price revenue, profit, interview record and business distributors.
The Compression Therapy Devices market size was xxx million USD with a CAGR xx % from 2015- 2019. It will stretch to xxx million USD in 2020 with a CAGR of xx % from 2020 to 2025.
in addition, this report introduces market competition situation among the vendors and company profile, besides, market price analysis and value chain features are covered in this report.
In global market, the following companies are covered:
Medtronic
3M
Smith & Nephew
Sigvaris
Hartmann Group
Medi
BSN medical
ArjoHuntleigh
Juzo
Gottfried Medical
Market Segment by Product Type:
Static Compression Therapy
Dynamic Compression Therapy
Market Segment by Application
Hospitals
Clinics
Ambulatory Surgical Centers
Others
Key Regions split in this report: breakdown data for each region.
United States
China
European Union
Rest of World (Japan, Korea, India and Southeast Asia)
Apart from the drivers, restraints, and opportunities, the report also offers competitive landscape, including various growth strategies adopted by profiled players for establishing significant position in the industry. The segmentation included in the comprehensive report will help respectable manufacturers to set up their processing units in the regions and increase their global presence. This would also benefit the industry and increase the companys product portfolio.
The research provides answers to the following key questions:
• What is the estimated growth rate and market share and size of the Compression Therapy Devices market for the forecast period 2020 - 2025?
• What are the driving forces in the Compression Therapy Devices market for the forecast period 2020 - 2025?
• Who are the prominent market players and how have they gained a competitive edge over other competitors?
• What are the market trends influencing the progress of the Compression Therapy Devices industry worldwide?
• What are the major challenges and threats restricting the progress of the industry?
• What opportunities does the market hold for the prominent market players?