Compression Therapy Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET OVERVIEW

Compression therapy is suggested immediately after an injury. Compression pumps and tapes are utilized to improve muscle health, increase blood circulation in the body and prevent coagulation of fluids in tissue space post accidental injuries. Therefore, this therapy is being increasingly adopted in order to avoid inflammation and swelling following the injury or trauma.

MARKET SCOPE

The "Global Compression Therapy Market Analysis to 2031" is a specialized and in-depth study of the medical devices industry with a special focus on the global market trend analysis. The report aims to provide an overview of the compression therapy market with detailed market segmentation by product, technique, distribution channel, and geography. The report provides key statistics on the market status of the leading compression therapy market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

•  Based on product, the global compression therapy market is segmented into compression garments, (compression stockings, compression bandages and wraps, other compression garments), compression braces, compression pumps.
  
•  Based on technique, the global compression therapy market is segmented into Static Compression Therapy, Dynamic Compression Therapy
  
•  On the basis of distribution channel, the market is segmented into pharmacies and retailers, hospitals and clinics, e-commerce platforms, others.
  

MARKET DYNAMICS

Drivers

•  Rise in the injuries and accidents related to sports.
  
•  Rise in the number pf orthopedic procedures.
  
•  Growing awareness regarding available treatment options.
  

Restraints

•  The poor patient compliance is the major restraining factor for this market.
  

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The compression therapy market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the compression therapy market in these regions.

IMPACT OF COVID-19 ON COMPRESSION THERAPY MARKET

COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.

Compression Therapy Market Report Analysis

Compression Therapy Market

• 
  CAGR (2023 - 2031)

  XX%
• Market Size 2023
  US$ XX Million
• Market Size 2031
  US$ XX Million

Report Coverage

• Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope

• Key future trends
• Detailed PEST/Porter’s Five Forces and SWOT analysis

• Industry landscape and competition analysis & recent developments
• Detailed company profiles

• Global and regional market analysis covering key market trends, major players, regulations, and recent market developments

Key Players

• DJO Global, Inc.
• BSN medical
• medi GmbH & Co. KG
• Medical
• SIGVARIS
• Paul Hartmann AG
• Sanyleg S.r.l
• 3M Company
• ConvaTec Inc.

Regional Overview

• North America
• Europe
• Asia-Pacific
• South and Central America
• Middle East and Africa

Market Segmentation

By Product

• Compression Garments
• Compression Braces
• Compression Pumps

By Technique

• Static Compression Therapy
• Dynamic Compression Therapy

By Distribution Channel

• Pharmacies and Retailers
• Hospitals and Clinics
• E-Commerce Platforms

MARKET PLAYERS

The report covers key developments in the compression therapy market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from compression therapy market are anticipated to lucrative growth opportunities in the future with the rising demand for compression therapy in the global market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the compression therapy market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

•  DJO Global, Inc.
  
•  BSN medical
  
•  medi GmbH & Co. KG
  
•  Medical
  
•  SIGVARIS
  
•  Paul Hartmann AG
  
•  Sanyleg S.r.l
  
•  3M Company
  
•  ConvaTec Inc.
  
•  ArjoHuntleigh
  

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Compression Therapy Market Report Scope