DUBAI, U.A.E, Aug. 20, 2020
DUBAI, U.A.E, Aug. 20, 2020 /PRNewswire/ -- According to a new market study by Future Market Insights (FMI), the compression therapy market is forecasted to expand at a healthy CAGR of 5.4% between 2020 and 2030.
The report attributes the growth of the market to the rising incidence of vein disorders such as lymphedema, deep vein thrombosis, leg ulcers, varicose veins, blood clots. According to the estimates of the National Center for Biotechnology Information (NCBI), around half of the global population is affected by a form of chronic vein abnormalities.
On this premise, the demand for compression therapy products such as bandages and stockings is substantially increasing in order to provide comfort to patients. Likewise, compression therapy has proven successful in easing the pain, limiting swelling, and speeding the functional recovery.
Along similar lines, compression garments are finding wide-scale application as sports medicine to prevent swelling and inflammation in trauma and injury cases. Furthermore, compression therapy aids in facilitating smooth blood circulation and minimizing the coagulation of fluids in the tissue space, thus improving mental health. This is expected to further fuel market growth.
"Market players are leveraging the increasing number of orthopedic surgeries and road accidents across the world, and are increasing their production capacity on this premise", opines FMI analyst.
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Compression Therapy Market - Key Takeaways
Compression Therapy Market - Key Trends
Compression Therapy Market - Regional Analysis
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Compression Therapy Market - Competitive Landscape
Some of the key players operating in the market include Paul Hartmann AG, Sigvaris AG, Cardinal Health Inc., and 3M Health Care Ltd. Market players are focusing on widening their geographical footprint and are entering partnerships with other players to achieve the same.
On these lines:
Compression Therapy Market - Taxonomy
Pneumatic compression therapy-
1. Non-segmented pneumatic compression pumps
2. Pneumatic compression sleeves
3. Segmented pneumatic compression pumps
Static compression therapy-
1. Anti-embolism stockings
2. Compression bandages
3. Compression garments
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Get Valuable Insights into the Compression Therapy Market
Future Market Insights, in its new offering, provides an unbiased analysis of the global compression therapy market, presenting historical demand data (2015-2019) and forecast statistics for the period from 2020-2030. The study divulges compelling insights on the compression therapy market, allowing readers to glean qualitative and quantitative information which will enable them to make informed market decisions in the upcoming forecast period.
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About Future Market Insights (FMI)
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in London, the global financial capital, and has delivery centers in the U.S. and India. FMI's latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.
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