Compression Therapy Market: Top three trends augmenting industry share through 2027

The compression therapy market is slated to register momentous gains driven by recent technological advancements and increasing awareness among today’s patients regarding the availability of different treatment options. Additionally, rising number of orthopedic procedures are also projected be a key factor augmenting the market growth.

Due to underdeveloped healthcare facilities in the middle income and developing nations, a large patient population base is suffering from chronic venous insufficiency and injuries which are not being addressed adequately. Patients suffering from such diseases have a short life-span due to quicker worsening of their health condition. Consequently, compression therapy is being adopted widely to treat the unaddressed population at a rapid pace across the globe.

In fact, in 2020, the Latin America market was dominated by Brazil, which held a valuation of approximately USD 56 million. The majority industry share of the regional market is ascribed to the growing cases of venous diseases within the country.

According to a report by Global Market Insights, the compression therapy market size is expected to exceed USD 3.1 billion by 2027.

Following are some of the notable industry trends that are likely to fuel compression therapy market revenues:

Rising awareness among patients

Growing awareness among patients regarding treatment options will impel the market growth. Many awareness initiatives are being implemented over the past couple of years to spread consciousness among patients regarding the availability of different treatment options.

For instance, Sigvaris took part in Women’s Health Network with free brochures that educated patient on compression therapy and an educational video about edema during pregnancies. It mainly highlighted issues that are faced by women during pregnancy, like swollen legs and ankles, and the benefits of compression therapy garments, which help lower these risks while alleviating discomfort. Awareness initiatives like these have been seen to greatly foster the adoption rate of compression therapy products.

To access sample pages of this report titled, “Compression Therapy Market Size By Product (Compression Garments {Compression Bandages, Compression Stockings [Compression Class I, Compression Class II, Compression Class III]}, Compression Braces, Compression Tapes, Compression Pumps), By Technology (Static Compression Therapy, Dynamic Compression Therapy), By Application (Varicose Vein Treatment, Deep Vein Thrombosis Treatment, Lymphedema Treatment, Leg Ulcer Treatment), Industry Analysis Report, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2021 – 2027” in detail along with the table of contents, please click on the link below:

https://www.gminsights.com/request-sample/detail/2504

Growing share of compression pumps segment

The compression pumps segment held considerable market share in 2020 and was valued at more than USD 356 million. This distinguished share of the compression pumps segment can be ascribed to its extensive usage as substitutes to failed traditional measures.

Compression pumps help reduce outpatient hospital visits as well as inpatient hospitalization and also bring forth a reduction in total costs per patient for lymphedema-related procedures. As a result, the aforementioned factors are expected to stand out as the most notable determinants that augment the segment growth.

Increasing preference of static compression therapy products

The static compression therapy technology segment is projected to grow at a healthy 4.4% CAGR through the analysis time period. Compression therapy products that use this technology have become the standard mode of treatment for venous conditions, including varicose veins, venous leg ulcers, deep vein thrombosis, and lymphatic disorders. Moreover, static compression therapy products facilitate a higher great of comfort among patients, which further elevates their preference in the market. These factors would be prominently fueling business growth through the analysis timeline.

Some of the major players operating in the compression therapy market are BSN Medical, Sigvaris, and DJO Global, Inc., 3M Company, Inc., Convatec Inc., Tactile Medical, Cardinal Health, Medi Gmbh & Co. KG, Paul Hartmann AG, among others.

 About Global Market Insights, Inc.

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy, and biotechnology.

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