Compression Therapy Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2028

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Compression Therapy Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2028

Status : May, 2021 | Medical Devices

Report Digest

Global Compression Therapy Market: An Overview

Compression therapy is essential for managing treatments for chronic venous insufficiency among various others. The illness also known as the venous valvular reflux is becoming more widespread as conditions like diabetes continue to affect millions around the world. According to Center for Disease Control and Prevention (CDC), there are 30 million diabetic patients in the US. Moreover, 25% these are not aware of their condition. Furthermore, over 84 million US adults exhibit symptoms of prediabetes. And, 90% of these are not aware of their condition. Moreover, the condition exhibits a close association with illnesses like extreme ulceration. It is estimated that annual costs for treatments like chronic venous insufficiency range from $2 billion each year. Additionally, various randomised trials have proven the efficacy of compression therapies with success rates as high 97% in healing. Moreover, the treatment also benefits skin changes, weeping, and patients with edema. The growing incidences of diabetes, and rising obesity in urban areas globally will be major drivers of growth for clinical nutrition market.

Global Clinical Nutrition Market: Notable Developments

BD (Becton, Dickinson and Company) has announced premarket approval for its new Venovo venous stent, a new promising treatment for iliofemoral venous occlusive disease. The stent promises new opportunities for players in the global compression therapy market. it is a flexible nitinol stent, which maintain femoral veins and reopen blockage of iliac to regulate blood flows. Its treatment is expected to allow clinicians to treat large diameter, and long lesion lengths.

InterVene, a startup has received $15 million in funding to further its quest of a catheter-based treatment for correcting failed one-way valves in the veins of the leg. The new solution promises to build deep vein reflux and build new valves out of tissues. The new valves will arise out of patient’s own vein walls, and will eliminate the need for implants. The new device known as BlueLeaf promises to create bicuspids valves during a single procedure to remove the need of conventional open surgery.

Global Compression Therapy Market: Drivers and Restraints

The increasing efficacy of compression pumps, rising demand for dynamic compression therapies, and increased incidences of diseases like lymphedema will drive significant traction for the compression therapy market during 2018-2028. The pumps can facilitate delivery of individualised pressure, a growing need for patients with difference level of compression needs. Moreover, the treatment has proven more effective as compared to its alternatives, and continues to open new opportunities for dynamic compression systems, which conventionally have remained secondary treatment methods to static compression methods. According to recent research published in JAMA or the high-usage of pump-based compression systems leads to lower incidences of cellulitis infection, reduced hospitalization, and physician visits per patients.

Global Compression Therapy Market: Geographical Analysis

The global compression therapy market report will cover all regions of the globe including North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Among these, the rising incidences of diabetes, and prevalent obesity in North America region will drive significant growth for players in the compression therapy market. The rising incidences of diabetes, and innovative compression therapy devices, and streamlining of FDA approval process, will create tremendous opportunities for growth for players in the compression therapy market. Asia Pacific with its expanding access to healthcare due to improving healthcare infrastructure, increased private investments in reimbursement mechanisms, and rising disposable incomes will register the fastest CAGR during the forecast period.

This study provides a particularized anatomy according to the L.E.A.P mechanism

  • Latest trends and cardinal growth prospects
  • Existing and future insights in growth
  • Ascensions in technology
  • Pain points

The regional analysis offers market assays across:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The study, prepared through the L.E.A.P mechanism adds a dimension of infallibility and assures precise information on all the growth dynamics.

Latest Trends and Cardinal Growth Prospects

The study assists in burnishing the knowledge of the stakeholder in terms of the emerging trends. The study provides an expansive coverage on the latest developments and novel profit-yielding sources that augur well with the market. A dedicated and determined team of experts conduct an out-and-out research on diverse aspects to offer ultimate breakthroughs in the market.

Existing and Future Insights in Growth

The interfusion of ubiquitous primary and secondary research through modern tools invites perfection and accuracy in every aspect. Primary research is circumspectly conducted through exhaustive interactions and interviews of experts. These valuable opinions are then neatly inducted in the report to allow the stakeholder for reaping the benefits. A treasure of secondary data is extracted via famed paid sources, yearly estimates and statements, renowned journals, and government documents. These sources assist in creating a robust database comprising existing and subsequent growth dynamics.

Ascensions in Technology

Diverse technological advancements and cutting-edge innovations in the market have been covered in this study to assist the stakeholder in research and development activities. Recent upgrades have also been added in the study, thus helping the stakeholder to paint the strokes of growth on the canvas of the market.

Pain Points

The study presents a plethora of challenges and obstacles that can hinder the growth of the market to allow the stakeholder to prepare their strategies accordingly.

The world ushered in the new decade with the shadow of the COVID-19 pandemic. The outbreak has damaged the growth prospects of several businesses and has crippled the entire economy. The study is in tandem with the changing dynamics of the market due to the SARS-CoV-2 outbreak. The study focuses on the coronavirus pandemic and analyses every aspect that impacts the growth positively or negatively.

An aerial perspective of the regions covered in this study enables the stakeholder to design strategies accordingly. The 360-degree assessment of every aspect associated with growth offers information on a rainbow of growth opportunities available across the market.

The exhaustive study motivates the stakeholder to take the 'LEAP' of faith and achieve success!

This report is the key to questions such as:

What are the prominent factors that will help in reshaping the market growth?

Which trends have the potential to bring expansive growth for the market?

What are the necessary strategies to overcome the ill-effects of the COVID-19 pandemic?

Which regions will emerge as champion growth contributors for the market?

Which aspects will serve as game-changers for the market?

What are the latest innovations in the market?

Which factors will hinder the growth of the market?