Global Compression Therapy Market 2024-2028
Global Compression Therapy Market 2024-2028
The compression therapy market is forecasted to grow by USD 1548.3 mn during 2023-2028, accelerating at a CAGR of 6.78% during the forecast period. The report on the compression therapy market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing prevalence of chronic venous diseases and lymphedema, growing aging population prone to venous disorders, and rising awareness about benefits of compression therapy.
Technavio's compression therapy market is segmented as below:
- By Therapy
- Static
- Dynamic
- By Technology
- Compression bandages
- Compression stocking
- Compression pumps
- Compression tapes
- By Geographical Landscape
- North America
- Europe
- Asia
- Rest of World (ROW)
This study identifies customized compression therapy solutions based on individual patient needs as one of the prime reasons driving the compression therapy market growth during the next few years. Also, the integration of smart technologies and wearable sensors in compression garments and the focus on developing eco-friendly and sustainable compression products will lead to sizable demand in the market.
The report on the compression therapy market covers the following areas:
- Compression therapy market sizing
- Compression therapy market forecast
- Compression therapy market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading compression therapy market vendors that include 3M Co., Bio Compression Systems, Bosl Medizintechnik GmbH, Cardinal Health Inc., ConvaTec Group PLC, DJO Global Inc., INNOTHERA, Julius Zorn GmBH, medi GmbH and Co. KG, Medline Industries LP, Medtronic PLC, Mego Afek A.C. Ltd, Paul Hartmann AG, Sanyleg S.r.l., SIGVARIS AG, Smith and Nephew PLC, Spectrum Healthcare, Stryker Corp., Tactile Systems Technology Inc., and THUASNE. Also, the compression therapy market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.