Global Compression Therapy Market Report 2021 - Opportunities And Strategies, Market Forecast And Trends
10 Aug, 2021
The compression therapy market consists of sales of compression therapy products and related services by entities (organizations, sole traders, and partnerships) that are engaged in the manufacturing of compression therapy products. Compression therapy is the application of elastic or inelastic wraps or garments that exert sustained external pressure over the lower extremities to relieve venous congestion thereby reducing edema and promoting the return of venous blood to the heart.
Global Compression Therapy Market Size And Drivers:
The global compression therapy market is expected to grow from $3.23 billion in 2020 to $3.44 billion in 2021 at a compound annual growth rate (CAGR) of 6.3%. The growth is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The compression therapy market is expected to reach $4.28 billion in 2025 at a CAGR of 5.6%. The rise in the geriatric population is contributing to the growth of the compression therapy market.
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Trends In The Global Compression Therapy Market
Players in the compression therapy market are increasingly focusing on the launching of new compression therapy systems. For instance, in 2020, AIROS Medical, Inc., a US-based medical equipment player launched AIROS 6 Sequential Compression Therapy device and Arm Plus garments to treat patients with breast cancer. AIROS 6 device and Arm Plus garment will contract upper extremity post-mastectomy medication alternatives for patients with Lymphedema. The AIROS 6 utilizes pneumatic air compression to aerate accessory garments worn on the simulated area of the body. The aeration and contraction sequences, delivered at the pressure and time destined by a physician or lymphedema therapist, move the lymphatic fluid in the precise physiological direction.
Global Compression Therapy Market Segments:
The global compression therapy market is further segmented based on product, technique, application and geography.
By Product: Compression Pumps, Compression Stockings, Compression Bandages, Compression Tapes
By Technique: Static Compression Therapy, Dynamic Compression Therapy
By Application: Varicose Vein Treatment, Deep Vein Thrombosis Treatment, Lymphedema Treatment, Leg Ulcer Treatment, Others
By Geography: The global compression therapy market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America was the largest region in the compression therapy market in 2020.
Read More On The Report For The Global Compression Therapy Market At:https://www.thebusinessresearchcompany.com/report/compression-therapy-global-market-report
Compression Therapy Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides compression therapy market overviews, analyzes and forecasts market size and growth for the global compression therapy market, compression therapy market share, compression therapy market players, compression therapy market segments and geographies, compression therapy market’s leading competitors’ revenues, profiles and market shares. The compression therapy market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.