Wilmington, Delaware, United States, July 28, 2022 (GLOBE NEWSWIRE) -- Transparency Market Research Inc.: As per the report, the global compression therapy market size was worth US$ 3.2 Bn in 2018. The global compression therapy market is estimated to develop at a CAGR of 6.1% during the forecast period, from 2019 to 2027. The need for compression therapy products is expected to rise globally due to rapidly expanding obese population, increasing sports injuries, as well as surging orthopaedic procedures. These applications are expected to create positive future market outlook for compression therapy in the near future.
Therefore, medical practitioners (such as physiotherapists and chiropractors) frequently use these medicines for both patients involved in professional and amateur sports as well as their regular clinic clients. In the forthcoming years, compression therapy market demand analysis predict that these products are therefore expected to become more popular due to rising sports injury incidences and rising professional preference.
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Key Findings of Market Report
- Due to the stress and pressure that an obese person's body weight puts on their skin and internal organs, they are at a significant risk of acquiring vascular disorders. Compression therapy products are more widely used as a result of the growing number of obese people to avoid vascular illnesses. Obesity account for a considerable market share for compression therapy.
- Athletes and sportspeople typically utilize compression goods as they lessen muscular soreness, promote mobility, and improve athletic performance. Sports injuries are most frequently caused by competitive, recreational, or required (physical education) activities. The Centers for Disease Control and Prevention (CDC) estimate that just high school athletes cause 30,000 hospital stays, 2 million injuries, and 50,000 doctor visits per year in the US. Sports injuries are one of the key market segments in compression therapy.
- Major market participants in global compression therapy market are involved in product launches, technologically enhanced product launches, acquisitions, and joint venture agreements with other businesses. These tactics are probably going to help the compression therapy business flourish on a global scale.
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Global Compression Therapy Market: Key Players
Some of the key market players are
- Bio Compression Systems, Inc.
- SIGVARIS Management AG
- 3M Health Care
- medi GmbH & Co KG
- Paul Hartmann AG
- Covidien plc
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Global Compression Therapy Market: Segmentation
Technology
- Static
- Dynamic
Product
- Compression Stocking
- Compression Bandage
- Compression Tape
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