How Will Compression Therapy Devices Market Propagate With Global Taking Lead?

Posted by Merin John on April 13th, 2021

According to a new market report published by Persistence Market Research “Global Market Study on Compression Therapy – Asia to Witness Highest Growth by 2020”, the global compression therapy market was valued at USD 2,377.8 million in 2014 and is expected to expand at a CAGR of 5.2% from 2014 to 2020, to reach USD 3,232.3 million by 2020.

Compression therapy is a procedure entailing the delivery of an external force to tired and aching legs and other relevant anatomical targets where compression is required for management. This therapy is used to treat venous and lymphatic diseases such as lower limb edema, venous eczema, deep vein thrombosis, and diabetic foot ulcers.

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Some of the major players in the compression therapy market:

  •          SIGVARIS.
  •          BSN medical GmbH.
  •          PAUL HARTMANN AG.
  •          Julius Zorn GmbH.
  •          ArjoHuntleigh.
  •          THUASNE.
  •          Smith & Nephew plc.
  •          medi GmbH & Co. KG.
  •          Medtronic plc.

Globally, the market for compression therapy is witnessing significant growth due to the increasing prevalence of diabetes, growth of the aging population, high incidence of sports injuries, rising awareness about various venous diseases, and the advanced features of compression therapy garments and devices.

However, inadequate reimbursement policies and the risk of complications associated with compression therapy systems inhibit the growth of the market. The global compression therapy market is anticipated to grow from an estimated USD 2,377.8 million in 2014 to USD 3,232.3 million by 2020 at a CAGR of 5.2% during the forecast period.

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Merin John

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Merin John
Joined: December 11th, 2020
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