According to the current analysis of Reports and Data, the global Compression Therapy Market valued at USD 3,092.6 Million in 2020 and is expected to reach USD 4,344.3 Million by the year 2028, at a CAGR of 4.30%. Compression therapy is a therapy where by it acts by increasing the blood flow especially in the lower limbs by strengthening vein support. It intents a gentle application of the pressure to the ankles and legs by compression garments which helps in supporting the legs. It is like an elastic garment whereby generating pressure goes up to the leg. The stockings act as a replicated muscle, its acts by adding some pressure to constricting areas of the legs where there is less flow of blood and to reduce the pain in the lower limbs as the veins loosen up.
Vein disorders leg ulcers, deep vein thrombosis, lymphedema, blood clots and varicose veins they are key drivers to this market. Products, includes stockings, bandages, garments that are being used to treat them. With the rise in the technological advancement and also increase incidence in disease population, compression therapy is gaining importance as it also acts as an OTC product these are the factors are expected to fuel the market for the further growth.
Market Overview:
The pharma and healthcare industry is at a crossroads. Patients are benefiting from the promise of cell and gene therapies; uncommon diseases that were previously thought to be incurable are on the verge of finding true treatments. Artificial intelligence (AI) and machine-learning technologies are creating hopes that therapy discovery and development would be more innovative, as well as faster and cheaper. Manufacturing, the supply chain, and the entire healthcare ecosystem all have the potential to benefit from data-driven initiatives. Consumer attitudes and behaviours are shifting in a variety of ways, from growing use of technology and willingness to share data to an interest in using tools to make prescription and treatment decisions. Such factors will drive pharma and healthcare market growth in the coming years.
Some key highlights of the report:
- Latest technology of highâ€frequency chest compression (HFCC) is used for the clearance of mucous secretions from airways for cystic fibrosis (CF) patients for improvement in lungs nt. The device consists of a variable air pulse delivery system and a nonâ€stretch inflatable vest worn by the patient to cover the chest bandages includes in printed ovals or rectangles for better bandage extension; bandage application at full stretch.
- Globally vein treatment market is expected to reach till USD 475 million. growth is being driven by technological advancements as well as developments in varicose vein treatment devices to create less disturbing procedures.
- The Global Venous Thromboembolism Treatment Market will increase the demand for compression therapy but drugs based system will act as a restraint to the market, The development of intermittent pneumatic compression (IPC) devices are required after surgeries; worn on the calf from knee to ankle, it squeezes the legs in every 60 seconds, that increases blood flow to prevent clots due to immobility which accounts USD 1.8 million from the National Institutes of Health (NIH)
- Mobile Active Compressions (MAC) device is regarded as more superior to standard compression machine which mainly focuses on the patients care and acceptance Here Force’s technology has made a “breathable, and lightweight” garment that comprises of sleeves for eliminating the clumsy air hoses. The device is capable of displaying the mobility statistics for doctors, nurses and the patient;
- INTELECT® SWD100 is a product from DJO global Inc it is therapy in which it is preferably used to reduce muscle spasms, rigidness in joint and increase in blood flow it is touch screen device which can be used easily by patients.
Key Players covered in this report are
BSN medical (Germany), DJO Global Inc. (U.S.), medi GmbH Co KG (Germany), Tactile Medical (U.S.), PAUL HARTMANN AG (Germany), and SIGVARIS (Switzerland). Sanyleg S.r.l. (Italy), 3M Company (U.S.), Tactile Medical (U.S.), ConvaTec Inc. (U.K.), ArjoHuntleigh (Getinge Group) (Sweden), and Julius Zorn GmbH (Juzo) (Germany)
Product Service Outlook (Revenue in Million USD; 2020–2028)
- Compression Garments
- Compression Stockings
- Compression Bandages Wraps
- Other Compression Garments*
- Compression Braces
- Compression Pumps
- Other compression garments
Application outlook (Revenue in Million USD; 2020–2028)
- Varicose Vein Treatment
- Deep Vein Thrombosis Treatment
- Lymphedema Treatment
- Leg Ulcer Treatment
- Other Applications
Technique outlook (Revenue in Million USD; 2020–2028)
- Static Compression Therapy
- Dynamic Compression Therapy
End- User outlook (Revenue in Million USD; 2020–2028)
- Hospitals
- Clinics
- Ambulatory Surgical Centers,
- Home Care Settings
Key Regional Markets Studied in the Report:
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- The Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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