Compression Therapy Market Report Forecasts High Growth by 2022 - Scalar Market Research
Compression Therapy Market Revenue, Opportunity, Segment and Key Trends 2017-2022
Chicago, IL -- (SBWire) -- 09/21/2017 --Compression therapy can be simply explained as applying an elastic garment around the leg. The garment offers compression throughout the leg, placing strongest pressure over the ankles and gradual decreasing pressure up the leg. The compression stockings act as a muscle which applies pressure on the veins stretching them and allowing a proper flow of blood around the area of the leg. They help in making the blood flow systematic. Compression socks and stockings help in decreasing pressure on veins and strengthen the venous walls. This efficiently aids in pain management and reduces feeling of heavy legs. This report studies the current and future aspects of compression therapy market.
The report on the global Compression therapy market uses the top-down and bottom-up approaches to define, analyze, and describe the market trends for the next five years. The report also tracks the emerging applications, innovative technologies, and mergers & acquisitions. It also focuses on the growth drivers and restraints for the key market players during the forecast period.
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KEY PREMIUM INDUSTRY INSIGHTS
1. The most important factor that is driving the compression therapy market is high acceptance of preventive care measures of diseases related to venous diseases such as varicose veins, lymphedema, DVT and so on. There is a rise in demand for aesthetically superior compression stockings due to increase in sclerotherapy-related surgeries.
2. This is promoting the growth of the compression therapy market. The growing number of plastic and aesthetic surgeries and injuries related to sports is contributing towards market growth. Growing awareness about the benefits of using compression stockings is favoring the progress of the market.
3. The compression garments are patient friendly and benefits in disease management which is boosting the market growth further. However, the lack of regulatory standards accepted for using compression stockings is a major restraining factor that is hampering the growth of the compression therapy market.
The global compression therapy market is divided into four major geographical segments which are North America, Europe, Asia-Pacific, and Rest of the world. The Asia-Pacific region holds the highest market share and is the largest revenue contributor of the compression therapy market. The region continues to dominate the global market due to increase in aged population in countries like India and China. In addition, several countries in this region are investing in healthcare preventive measures and techniques. Next in line is the North America region which is witnessing a steady growth of compression therapy market because of growing awareness among medical practitioners about the benefits of using compression stockings through conferences.
KEY MARKET PLAYERS
Key players in the compression therapy market include:
1. 3M Company
2. Medtronic PLC
3. Bio Compression Systems, Inc.
4. BSN Medical
5. Medi GmbH & Co. Kg
6. Paul Hartmann AG
7. Smith & Nephew PLC.
8. Cardinal Health, Inc.
10. Sanyleg S.R.L.
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