Compression Therapy Market

Compression Therapy Market Research Report: Forecast up to 2024
Compression Therapy Market: Snapshot
Compression therapy, mostly used in treating musculoskeletal and spinal injuries in sportspersons
and athletes, has been gaining traction steadily in the market. Its demand has been supported by the
rising prevalence of orthopedic problems and obesity worldwide. Providing headwinds to its swift
uptake is the dearth of solid reimbursement policies. Increasing investments in developing
economies and the unmet medical needs in these countries, however, will help to overcome the
market restraint.
Currently, the global compression therapy market is highly fragmented on account of the presence
of numerous local and global companies. To gain a competitive edge, astute players are resorting to
mergers and acquisitions and collaborations. They are also increasing focusing on the relatively
untapped markets in Asia Pacific. Further, entry barriers to new players in the market is relatively
low on account of lack of proper regulations for the commercialization of products and forward
integration by raw material suppliers.
Transparency Market Research forecasts the global market for compression therapy to expand at a
CAGR of 5.3% from 2016 to 2024 to attain a value of US$4.24 bn by 2024 from US$2.69 bn in
2015.
Underserved Asia Pacific Market Holds out Strong Promise
From a geographic standpoint, North America spells maximum opportunity in the global market for
compression therapy. It accounted for almost 47.2% of the market in 2015 and was trailed by
Europe, with a 32.2% share. The market in the U.S. provides ample room for growth on account of
the widespread prevalence of obesity that ups the risk of vascular diseases. As per the American
Academy of Orthopedic Surgeons (AAOS), around 600,000 knee arthroplasty surgeries were
conducted in the U.S. in 2010 and by 2030 the number is slated to exceed 3 million.
Besides North America and Europe, Asia Pacific and Latin America are other key markets that hold
out strong promise of growth on account of widespread unmet demands. The countries of Brazil,

Mexico, South Korea, China, and India will help to power maximum growth in the regions. Other
factors stimulating the market in Asia Pacific are rising investment in healthcare infrastructure,
growing disposable income, and higher occurrence of chronic ailments.
This exhaustive report includes a 360° view of the Compression Therapy Market. Browse
through this 84-page report to know what factors will shape the market during the period
2016-2024
http://www.transparencymarketresearch.com/compression-therapy-market.html
Clinical Evidence Propels Demand for Static Compression Products
Depending upon the technology leveraged, the global compression therapy market can be bifurcated
into static and dynamic. Of the two, the static compression products holds out a strong promise of
growth. This is because static garments are preferred more by doctors for patient care on account of
clinical evidence supporting them. Patients also prefer static compression hosiery as they are crafted
from comfortable materials and impart a better look. Other factors leading to their swift uptake is
their affordability and easy availability.
The different types of compression therapy products available in the market are compression
pumps, compression tapes, compression stocking, and compression bandages. Compression pumps
can be further segmented into intermittent and sequential. Similarly, compression stocking can be
classified further into gradient and anti-embolism. Of these, bandages hold a sway over the market.
In 2015, it held a whopping 43.1% of the market.
The report provides market estimation of compression therapy market in terms of revenue (US$
Mn) for all the segments and sub segments with CAGR % for period 2016 to 2024, considering
2015 as the base year. Furthermore, the report incorporates market attractiveness analysis by
geography category that depicts the most attractive region in the global market during the forecast
period from 2016 to 2024.
Recommendations section in the report would assist new companies in establishing their presence
and market players in expanding their market share in the compression therapy market. The report
concludes with the company profile section which includes company overview, financial overview,
product portfolio, business strategies and recent developments for market players. The major
players that are profiled in the report include 3M Health Care, ArjoHuntleigh, Bio Compression
Systems, Inc., BSN Medical, Covidien plc, medi GmbH & Co KG, PAUL HARTMAN AG and
SIGVARIS MANAGEMENT AG.

Request a brochure of this report to know what opportunities will emerge in the rapidly
evolving Compression Therapy Market during 2016- 2024
http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=1537
About Us
Transparency Market Research (TMR) is a market intelligence company, providing global
business information reports and services. Our exclusive blend of quantitative forecasting and
trends analysis provides forward-looking insight for thousands of decision makers. TMR’s
experienced team of analysts, researchers, and consultants, use proprietary data sources and various
tools and techniques to gather, and analyze information. Our business offerings represent the latest
and the most reliable information indispensable for businesses to sustain a competitive edge.
Each TMR syndicated research report covers a different sector – such as pharmaceuticals,
chemicals, energy, food & beverages, semiconductors, med-devices, consumer goods and
technology. These reports provide in-depth analysis and deep segmentation to possible micro levels.
With wider scope and stratified research methodology, TMR’s syndicated reports strive to provide
clients to serve their overall research requirement.
US Office Contact
90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA – Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com