Persistence Market Research Released New Market Report on “Compression Therapy Devices Market: Global Industry Analysis and Forecast to 2020” in the category "Medical Devices"
New York, NY -- (SBWIRE) -- 09/25/2014 -- Compression therapy refers to a process of using compression bandages or clothes to treat chronic venous diseases and lymphedema. This disease is more common in lower extremity. Compression therapy devices when applied correctly assist the blood flow. Compression therapy involves applying of gradual pressure with strongest at ankle and decreasing towards top of the garment. This gradual pressure helps in restoring normal blood circulation.
On the basis of technology, compression therapy devices market can be segmented into compression, static compression and dynamic compression. On the basis of severity and location, compression therapy devices are available in different forms such as socks, stockings, sleeves and others. Compression stockings are available with different degrees of compression.
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Static compression therapy devices are the fastest growing segment of the overall compression therapy devices market. North America, followed by the Europe, dominates the global compression therapy devices market due to large number of aging population and high rate of acceptance for this therapy. However, Medicare, a social insurance program in the U.S., does not cover compression therapy; this restrains the growth of compression therapy devices market in the region. Asia followed by the Europe is expected to experience high growth rates in the next few years in global compression therapy devices market. Some of the key driving forces for compression therapy devices market in emerging countries are large pool of patients and increasing awareness about this therapy among medical professionals.
Rising incidence of venous diseases among elderly population and people suffering from chronic diseases, such as diabetes and obesity, are some of the key factors driving the global compression therapy devices market. In addition, durability, comfort and easy application involved with product, increasing awareness and regular trainings of physicians for use of this product are driving compression therapy devices market. However, lack of awareness in some regions and bad reimbursement scenario in some countries restrains the growth of compression therapy devices market.
Increasing number of awareness programs such as campaigns, societies, forums, educational magazines and others are expected to offer good opportunity for growth of compression therapy devices market. One of the major trends that has been observed in the global compression therapy devices market are increasing demand for compression devices that can be used in active lifestyle; for instance knee length compression stockings.
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Also, increasing rate of imports from Asian countries and Mexico has been observed in compression therapy devices market. Some of the major companies dealing in compression therapy devices market are SIGVARIS, 3M Health Care Ltd., ArjoHuntleigh, Covidien, Smith & Nephew plc, Julius Zorn, Inc., BSN medical and Compression Therapy Concepts. Other companies which have significant presence in compression therapy devices market are Laboratoires Innothera S.A., Medi GmbH & Co. KG, Paul Hartmann AG, Thuasne SA. and Medi GmbH & Co. KG.
Key points covered in the report:
1. Report segments the market on the basis of types, application, products, technology, etc (as applicable)
2. The report covers geographic segmentation
3. The report provides the market size and forecast for the different segments and geographies for the period of 2010 to 2020
4. The report provides company profiles of some of the leading companies operating in the market
5. The report also provides porters five forces analysis of the market.
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