Compression therapy is a simple & effective process of applying external pressure to the lower limbs. It is used to treat different chronic diseases. It involves wearing specially designed hosiery, bandages, and tapes for evaluating blood circulation in legs. Compression therapy is an effective technique used for conditions such as Venous Thromboembolism (VTE), Deep Vein Thrombosis (DVT), chronic & diabetic ulcers, post-thrombotic syndrome, and lymphedema. It reduces pathologically increased venous pressure. In addition, it improves moment of joints and tendons, and reduces inflammation. This treatment is prescribed to treat phlebitis, post vein surgery, thrombosis, varicose veins, venous leg ulcers, and vein thrombosis. Moreover, it is prescribed to prevent venous trouble during long distance travel and pregnancy. During the therapy, vibration of muscles is reduced and delayed soreness of muscle is prevented. Available products for compression therapy include carolon stockings, farrow wraps, jobst ulcercare compression stockings, and circaid juxta-lite.
Rise in prevalence of diabetes, lymphatic diseases, increase in older age population, and rise in number of orthopedic procedures due to increase in number of sports injuries & accidents are the factors that are expected to drive the growth of the U.S. compression therapy market during the forecast period. In addition, rise in number of cases of deep vein thrombosis, leg ulcers, and varicose veins are expected to drive the market growth in the coming years. Moreover, technological advancements in the healthcare sector, rise in awareness regarding the compression therapy, and advancements in the bandages & compression stockings manufacturing industry are expected to boost the growth of the U.S. compression therapy market during the forecast period. However, rise in threats of complications, insufficient reimbursement policies for compression therapies, low patient compliance, and adoption of substitute therapies for certain indications are the major restraints that may hamper the growth of the U.S. compression therapy market in the coming years.
The U.S. compression therapy market is segmented on the basis of technique, product, and application. Based on technique, the market is bifurcated into dynamic compression therapy and static compression therapy. On the basis of product, it is divided into compression stockings, compression pumps, compression bandages, compression tapes, and others. By application, it is segmented into deep vein thrombosis treatment, varicose vein treatment, leg ulcer treatment, lymphedema treatment, and others.
Some of the major players operating in the U.S. compression therapy market include Medtronic PLC, 3M Company, BSN Medical, Bio Compression Systems, Inc., Paul Hartmann AG, Medi GmbH & Co. Kg, Cardinal Health, Inc., Smith & Nephew PLC., Sanyleg S.R.L., Sigvaris, Tactile Medical, Convatec Inc., Julius Zorn GmbH, Arjohuntleigh (Subsidiary of Getinge Group), and DJO Global Inc.
KEY BENEFITS FOR STAKEHOLDERS
- This report provides a detailed quantitative analysis of the current market trends and market forecast estimations which assists to identify the prevailing U.S. compression therapy market opportunities.
- An in-depth market analysis includes study of various regions and is anticipated to provide a detailed understanding of the current trends to enable stakeholders to formulate region-specific plans.
- A comprehensive analysis of the factors that drive and restrain the growth of the market is provided.
- The projections in this report are made by analyzing the current market trends and future market potential in terms of value.
- An extensive analysis of various regions provides insights that is expected to allow companies to strategically plan their business moves.
- Key market players within the market are profiled in this report and their strategies are analyzed thoroughly, which helps understand competitive outlook of the U.S. compression therapy market.
U.S. Compression Therapy Market Report Highlights
Key Market Players
Smith & Nephew PLC, Cardinal Health, Inc, Medi GmbH & Co Kg, Medtronic PLC, Bio Compression Systems, Inc, 3M Company, Paul Hartmann AG, Sanyleg SRL, Sigvaris, BSN Medical