North America Compression Therapy Market, By Technique (Static Compression Therapy, Dynamic Compression Therapy), Product (Compression Garments, Compression Tapes, Compression Pumps, Compression Braces, Compression Pumps), Application (Varicose Vein Treatment, Deep Vein Thrombosis Treatment, Lymphedema Treatment, Leg Ulcer Treatment, Others), End User (Pharmacies and Retailers, Hospitals and Clinics, E-Commerce Platforms), Country (U.S., Canada and Mexico) Industry Trends and Forecast to 2028.
Market Analysis and Insights of North America Compression Therapy Market
Data Bridge Market Research analyses that the compression therapy market will exhibit a CAGR of around 6.52% for the forecast period of 2021-2028. Rising number of sclerotherapy-related surgical procedures, increased focus on research and development proficiencies in regards to medical devices and on the adoption of advanced healthcare technologies, and rising expenditure on the healthcare infrastructure development especially in the developing economies are the major factors attributable to the growth of compression therapy market.
From the name itself, it is clear that compression therapy is a medical treatment that is used to improve the flow of blood and preserve the arteries. The therapy involves the application of pressure on the injured area and squeezing the arteries and veins. The therapy further tackles swelling and provides functional healing.
Upsurge in the level of road accidents and sports related injuries globally are the major factors fostering the growth of the market. Rising focus on the healthcare technological advancements coupled with presence of supportive evidence to support compression therapy for specific diseases treatment is another market growth determinant. Rising number of hospitals and diagnostic centres and ever-rising geriatric population will further generate lucrative market growth opportunities.
However, lack of awareness about compression therapies in the backward economies will derail the market growth rate. Lack of medical experts especially in the developing and underdeveloped economies and less focus on promotional campaigns will further pose challenges for the market. Also, complications associated with the systems will also hamper the market growth rate.
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 localised 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 contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
North America Compression Therapy Market Scope and Market Size
The compression therapy market is segmented on the basis of technique, product, application and end user. The growth amongst these segments will help you analyse 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.
Based on technique, the compression therapy market is segmented into static compression therapy and dynamic compression therapy.
- On the basis of product, the compression therapy market is segmented into compression garments, compression tapes, compression pumps, compression braces and compression pumps. Compression garments have further been segmented into compression stockings, compression bandages and wraps and others.
- On the basis of application, the compression therapy market is segmented into varicose vein treatment, deep vein thrombosis treatment, lymphedema treatment, leg ulcer treatment and others.
- The end user segment of compression therapy market is segmented into pharmacies and retailers, hospitals and clinics and e-commerce platforms.
North America Compression Therapy Market Country Level Analysis
The North America compression therapy market is analysed and market size insights and trends are provided by country, technique, product, application and end user as referenced above.
The countries covered in the compression therapy market report are U.S., Canada and Mexico.
United States dominates the North American compression therapy market in terms of market share and market revenue. This is because of the prevailing advanced healthcare technologies and prevalence of major players in this region. Ever-rising geriatric population, high incidences of chronic diseases and growing obese and overweight population base are some other market growth determinants for this region.
The country section of the North America compression therapy market 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
The North America 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 North America compression therapy market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the North America compression therapy market. The data is available for historic period 2011 to 2019.
Competitive Landscape and North America Compression Therapy Market Share Analysis
The North America 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 North America compression therapy market.
The major players covered in the North America compression therapy market report are BIOCOMPRESSION SYSTEMS, 3M, Medtronic, medi Deutschland, Tactile Medical., PAUL HARTMANN AG, Smith & Nephew, ConvaTec Group PLC, Juzo, SIGVARIS GROUP., Bauerfeind USA Inc., DJO, LLC Essity Aktiebolag (publ)., Gottfried Medical, Inc., Inc. and Arjo among other domestic. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.