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Global Compression Therapy Market

  • 4100.00 Dollar US$
  • Published date: June 16, 2021
    • Pune, Pune, Maharashtra, India
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Global Compression Therapy Market is expected to reach $XX Mn by 2026 from $XX Mn in 2019, at a CAGR of 4.6% during forecast period. Global Compression Therapy Market Overview: Compression therapy is a simple and efficient way to enhance vein support and increase blood flow activity in the lower limbs. It's a type of wound care that uses specially made stockings to gently apply pressure to the ankles and legs. Global Compression Therapy Market Dynamics: Rise in prevalence of vein disorders majorly drives the market growth. The market is being driven by an increase in the adoption of rehabilitative care as a result of the rising prevalence of venous disorders. The major factor driving the market growth is the rise in the prevalence of venous illnesses such as leg ulcers, deep vein thrombosis, lymphedema, varicose veins, and blood clots. The use of products, particularly stockings and bandages, to treat these disorders is rising and contributing to the market growth. Chronic venous anomalies are present in around 50% of people, states the Department of Vascular Surgery. Rising incidences of sports injuries and road accidents are some other major factors boosting the market growth. Compression treatment is used by athletes and sports people to reduce muscle soreness, increase strength, and improve athletic performance. The most common causes of sports injury are compulsory physical education practices, such as competitive and recreational sports. According to Stanford Children's Health, more than 775,000 children aged 14 and under are treated in hospital emergency rooms in the United States each year for sports-related injuries. The rising obese population is expected to create potential growth opportunities for the market during the forecast period. Because of the strain placed on the skin and underlying organs by obesity, individuals are more prone to develop vascular problems. According to the World Health Organization, over 1.9 billion adults aged 18 and above were overweight in 2014, with over 600 million people suffering from obesity and this number is expected to rise during the forecast period. Alternative treatments and a lack of public awareness about compression therapies are expected to restrain the market's growth. Also, lack of favourable reimbursement policies and widespread product recalls, as well as a lack of adequate disease treatment alternatives, may hamper global compression therapy growth over the forecast period. The report has profiled sixteen key players in the market from different regions. However, report has considered all market leaders, followers and new entrants with investors while analyzing the market and estimation the size of the same. Increasing R&D activities in each region are different and focus is given on the regional impact on the cost, availability of advanced technology are analyzed and report has come up with recommendations for future hot spot in APAC region. Global Compression Therapy Market Segment Analysis: The Global Compression Therapy Market is segmented on the basis of Product, Application and Technology. Based on Product, Compression Garments segment is expected to hold the dominant market share XX% by 2026. This is due to the widespread use of compression garments for a variety of causes, including varicose veins, oedema, DVT, and lymphedema, as well as the management of various chronic illnesses. It is a vital element to many clothing items for athletics and fitness activities. It is expected to improve the athletes' performance, reduce the risk of injury, and speed up the recuperation process. Novel methodologies have aided in the implementation of material-based sensor technologies in smart compression garments, such as Electromyography (EMG)-based inertial sensors. The right usage of such devices can effectively and frequently treat ulcers and scars. Based on Technology, Static Compression Therapy held the largest market share XX% in 2019. Because of its high convenience and user-friendly qualities, static technology dominated the technology segment. Along with this, the product’s better accessibility in treating oedema and sports-related injuries for pain and pressure alleviation also adds up to the market growth.
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