The Compression Therapy Market size was valued at USD 3.55 Bn. in 2021 and the total Insulation revenue is expected to grow by 4.34 % from 2022 to 2029, reaching nearly USD 4.78 Bn.
Compression Therapy Market Overview:
For the global industry's Compression Therapy market analysis, a research team did thorough primary and secondary research. Secondary research was carried out in order to supplement existing data, segment the market, estimate overall market size, and anticipate market size and growth rate.
Primary and secondary research is used to identify market leaders, while primary and secondary research is used to assess market revenue. In-depth interviews with important thought leaders and industry professionals, such as experienced front-line staff, CEOs, and marketing executives, were conducted as part of the core research. Primary research comprised in-depth interviews with key thought leaders and industry professionals, such as experienced front-line staff, CEOs, and marketing executives, while secondary research included a review of the main manufacturers' annual and financial reports. Secondary data is used to calculate global market percentage splits, market shares, growth rates, and breakdowns, which are then compared to primary data.
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Market Scope:
By defining and assessing market segments and predicting market size, the study aids comprehension of the Global Compression Therapy Market dynamic structure. In addition, the report includes a competitive analysis of significant firms based on pricing, financial state, application expansion ambitions, and geographical presence. The research also includes a PESTLE analysis to help shareholders prioritize their efforts and investments in the Global Compression Therapy Market.
Compression Therapy Market Segmentation:
By Types, the compression therapy market by product types are segmented under Post-Surgical Compression, Athletic Compression and compression for the prevention and treatment of medical condition. The Post – surgical compression product types dominate the compression therapy market.The lower limb edema disorder and the knee replacement therapy among the patients accounted maximum share of the population, and has contributed towards growth of the Post-Surgical Compression garments.
By Technology, The market for static compression therapy is anticipated to reach $3,300 million in terms of value by 2030, with the prevalence of orthopaedic and vascular conditions on the rise, there is a growing demand for this sort of compression therapy. The CDC estimates that 6.6 million Americans aged 40-45 and over received a diagnosis of peripheral arterial disease in 2021. (PAD). Deep vein thrombosis is also occurring at a significantly higher rate than before (DVT). With the use of static compression therapy, DVT can be effectively treated.
Compression Therapy Market key players are :
• 3M Health Care
• ArjoHuntleigh
• Bio Compression Systems, Inc
• BSN Medical
• Covidien plc
• medi GmbH & Co KG
• PAUL HARTMANN AG
• SIGVARIS MANAGEMENT AG.
• Medtronic PLC
• Cardinal Health, Inc.
• Smith & Nephew PLC.
• Sanyleg S.R.L.
• Tactile Medical
• Convatec Inc.
• Julius Zorn GmbH
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Regional Analysis:
An study of the Compression Therapy Market at the national level focuses on categories indicated as potentially high-growth, nations with the biggest market share, and countries with the highest development potential. North America (USA, Canada), South America, Asia Pacific (China, Japan, India, Korea), Europe (Germany, UK, France, Italy), and Other nations are the geographical breakdowns in the Compression Therapy Market study.
COVID-19 Impact Analysis on Compression Therapy Market: The report covers COVID-19 impact on Compression Therapy market.
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Dec 19, 2022