Europe Compression Therapy Market, By Product (Compression Braces, Compression Pumps, Compression Garments), Technique (Static Compression Therapy, Dynamic Compression Therapy), Application (Lymphedema Treatment, Leg Ulcer Treatment, Varicose Vein Treatment, Deep Vein Thrombosis Treatment, Other), End User (Pharmacies and Retailers, Hospitals and Clinics, E-Commerce Platforms), Country (Germany, U.K., France, Italy, Spain, Netherlands, Russia, Switzerland, Turkey, Austria, Norway, Hungary, Lithuania, Ireland, Poland and Rest of Europe) Industry Trends and Forecast to 2028.
The compression therapy market is expected to witness market growth at a rate of 5.05% in the forecast period of 2021 to 2028. Data Bridge Market Research report on compression therapy market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The rise in healthcare sector globally is escalating the growth of compression therapy market.
Compression treatment refers to the type of treatment that is generally intended for rising the blood flow and preserving the arteries. This treatment is specifically created to offer gentle pressure on the legs and ankles and reduce the swelling and pain. Different clothes are usually built to provide different pressure at different points in the thighs and arms.
The prevalence of a large target patient population across the region acts as one of the major factors driving the growth of compression therapy market. Clinical evidence favoring the adoption of compression therapy in the management of target conditions and surge in incidence of sports injuries and accidents accelerate the market growth. The increase in number of orthopedic procedures along with technological developments in orthopedic operations, and greater product affordability and market availability further influence the market. Additionally, increase in sales of off-the-shelf and online products, development in the healthcare infrastructure, rapid urbanization, and surge in healthcare expenditure positively affects the compression therapy market. Furthermore, increase in patient awareness regarding the benefits of compression therapy in target disease management extend profitable opportunity to the market players in the forecast period of 2021 to 2028.
On the other hand, lack of universally accepted standards for compression products and significant adoption of alternative therapies for specific target indications are expected to obstruct the market growth. Low patient compliance for compression garments and high pricing pressure on market players are projected to challenge the compression therapy market in the forecast period of 2021-2028.
This compression therapy market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on compression therapy market Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Europe Compression Therapy Market Scope and Market Size
The compression therapy market is segmented on the basis of product, technique, application and end user. The growth amongst these segments will help you analyze meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- On the basis of product, the compression therapy market is segmented into compression braces, compression pumps and compression garments.
- On the basis of technique, the compression therapy market is segmented into static compression therapy and dynamic compression therapy.
- On the basis of application, the compression therapy market is segmented into lymphedema treatment, leg ulcer treatment, varicose vein treatment, deep vein thrombosis treatment and other.
- On the basis of end user, the compression therapy market is segmented into pharmacies and retailers, hospitals and clinics and e-commerce platforms.
Europe Compression Therapy Market Country Level Analysis
The compression therapy market is analyzed and market size insights and trends are provided by country, product, type of surgery and end user as referenced above.
The countries covered in the Europe compression therapy market report are Germany, U.K., France, Italy, Spain, Netherlands, Russia, Switzerland, Turkey, Austria, Norway, Hungary, Lithuania, Ireland, Poland and Rest of Europe.
Germany dominates the Europe compression therapy market due to the large presence of obese population and high adoption of these products in the region. U.K. is expected to witness high growth during the forecast period of 2021 to 2028 because of the growing health concerns.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure Growth Installed Base and New Technology Penetration
Europe compression therapy market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for Europe compression therapy market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the Europe compression therapy market. The data is available for historic period 2011-2019.
Competitive Landscape and Europe Compression Therapy Market Share Analysis
The compression therapy market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to compression therapy market.
The major players covered in the compression therapy market report are 3M, Medtronic, Lohmann & Rauscher, Ofa Bamberg GmbH, Bauerfeind, Juzo, Sanyleg Srl, PAUL HARTMANN AG, medi GmbH & Co. KG, BSN medical, THUASNE SA, Smith & Nephew, Arjo, Bio Compression Systems, Inc., Shenzhen Mindray Bio-Medical Electronics Co., Ltd, ESAOTE SPA, Medistim, Hitachi, Ltd. SIGVARIS GROUP, DJO, LLC among others. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.