Compression Therapy Market Analysis

The annual incidence of DVT is around 1 per 1000 people. As per Centers for Disease Control and Prevention (CDC), around 60,000-100,000 patients have DVT in United States.

Compression Therapy Market: Drivers and Restraints   

Compression therapy market is driven by aging population, high incidence of disease indications, rising awareness among patients and ease of application and durability of the products.

Other factors include regular product training to physicians that helps them to better understand the product and use of fancy garment to manufacture stockings and bandages.

Lack of knowledge about the disease indication among patients and inadequate reimbursement for compression therapy products from government agencies in developed countries will slow down the market in the forecast period.

Compression Therapy Market: Segmentation                  

Compression Therapy Market: Overview                           

With the advancement of technology and increase incidence in disease population, compression therapy is gaining wide acceptance as a method of choice among patients. This market is expected to grow at a healthy CAGR in the forecast period (2015-2025).

Depending on geographic regions, global compression therapy market is segmented into seven key regions: North America, South America, Eastern Europe, Western Europe, Asia Pacific, Japan, and Middle East & Africa.

In terms of geography, North America dominates the compression therapy market, followed by Europe. Growing aging population and increasing prevalence of diabetes are also supporting the growth of compression therapy market in this regions. India, China, and Japan are expected to be the fastest-growing markets for compression therapy in Asia. 

Compression Therapy Market: Key Players                      

Some of the key players in compression therapy market are SIGVARIS, BSN medical GmbH, Covidien Plc. PAUL HARTMANN AG, 3M Co., ArjoHuntleigh, Thuasne SA, Smith & Nephew plc and medi GmbH & Co.

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to categories such as market segments, geographies, types, technology and applications.

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.