Market Analysis:

The surging incidences of sports injuries are estimated to favor the market growth globally. Compression therapy can be defined as the process by which the pressure is applied evenly over a painful area by squeezing in order to support the veins. They come in the form of socks or stockings, elbow sleeves, shin sleeves, and masks. The therapy involves wearing socks or elastic garments which are intended to contain and support the veins in order to increase the circulation of blood vessels in legs. Such therapies are generally used to treat swelling legs and discomfort, which offer an improved circulation for the restoration of normal leg functioning. The compression stockings helps to reduce vein cavity and also decrease the venous pressure, which further prevents the venous stasis along with the impairment of venous walks.

The global Compression Therapy Market Report is eyeing for substantial growth at a notable 5.2% CAGR over the forecast period.

Various factors are adding to the global compression therapy market growth. According to the new MRFR report, such factors include rising cases of arthritis, increasing patient awareness about the benefits of compression therapy, huge target population, technological advances, and rising prevalence of accidents and sports injuries.

Key Players:

Leading players profiled in the compression therapy market include Juzo, Getinge AB, DJO Global Inc., Convatec Inc., Tactile Medical, Sanyleg S.R.L., Sigvaris, Cardinal Health, Inc., Smith & Nephew PLC., Paul Hartmann AG, Medi GmbH & Co. Kg, BSN Medical, Bio Compression Systems, Inc., Medtronic PLC, 3M, and others.

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Market Segmentation:

The MRFR report gives an inclusive segmental analysis of the global compression therapy market report based on application, product, and technique.

By technique, the global compression therapy market is segmented into dynamic compression therapy and static compression therapy. Of these, the static therapy segment will lead the market over the forecast period.

By product, the global compression therapy market is segmented into compression braces, compression pumps, and compression garments. Compression garments are again segmented into compression bandages and wraps, compression stockings, and others. Of these, compression garments will dominate the market over the forecast period.

By application, the global compression therapy market is segmented into leg ulcer treatment, lymphedema treatment, deep vein thrombosis treatment, varicose vein treatment, and others. Of these, the lymphedema treatment segment will have a major share in the market over the forecast period.

Regional Analysis:

Based on the region, the compression therapy market covers growth opportunities and latest trends across North America, Europe, Asia Pacific, and the Middle East and Africa. Of these, North America will dominate the market over the forecast period owing to the presence of leading players in the region. Europe will grab the second largest position in the compression therapy market due to increasing investment in research and development activities and growing incidences of venous leg ulcers in Northern Europe. The compression therapy market in the APAC region is anticipated to be the fastest growing during the forecast period owing to a couple of factors namely increasing healthcare expenditure, rising penetration of market player in the region and the expanding healthcare sector. On the other hand, the compression therapy market in the Middle East and Africa is anticipated to have a minimal share over the forecast period owing to low-per capita income in the African region.

Competitive Analysis:

The global compression therapy market is competitive and highly fragmented which obstructs the access to new players in this market. However, the functional players are expected in restoring to strategic alliances, acquisitions, and mergers for expanding their geographical reach.

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