Compression Therapy Market Global Size, Trends, Industry Key Players, Regional Forecast To 2026

The global compression therapy market size is projected to reach USD 4.51 billion by 2026, exhibiting a CAGR of 5.2% during the forecast period. Rising prevalence of cancer will be a key growth driver for this market in the coming decade, finds Fortune Business Insights™ in its report, titled “Compression Therapy Market Size, Share and Industry Analysis By Product (Compression Garments {Compression Bandages, Compression Stockings, and Others}, Compression Pumps, and Others), By Application (Venous Leg Ulcer, Deep Vein Thrombosis (DVT), Lymphedema, and Others), By End User (Hospitals & Clinics, Nursing Care Centers, Home Care, and Others), and Regional Forecast, 2019-2026”. The global disease burden of cancer, according to the International Agency for Research on Cancer (IARC), rose by an estimated 18.1 million new cases in 2018.

List of Top Players Covered in the Report:

• Tactile Systems Technology, Inc.
• Smith & Nephew
• medi GmbH & Co. KG
• Arjo
• SIGVARIS
• Bio Compression Systems, Inc.
• EssityAktiebolag (publ)
• PAUL HARTMANN Pty. Ltd
• 3M

The compression therapy market report states that the value of the market was at USD 3.01 billion in 2018. Other highlights of the report include:

• Precise computation of market figures and values;
• Elaborative overview of the overall industry outlook;
• Exhaustive analysis of the key market drivers, trends, and restraints;
• Detailed segmentation of the market and comprehensive study of all segments; and
• In-depth research into the regional milieu and competitive developments in the market.

Market Driver

Increasing Geriatric Population to Stoke Growth

The world population is aging at an astonishing rate. Demographic analysis of the UN Department of Economic and Social Affairs (DESA) suggests that by 2050, the number of people aged 60 years and above is set to double, reaching 2.1 billion. Aging entails a host of health problems and vein disorders are some of the most common ailments that inflict older people. For example, old age is a high risk factor for varicose veins as the wear & tear of valves in the veins causes the blood to flow back into the veins instead flowing towards the heart. Similarly, the incidence of deep vein thrombosis is high among the geriatric population due to reduced physical movement. Thus, expanding aging population worldwide is expected to be a major demand-puller for compression therapies, thereby augmenting the compression treatment market growth.

TOC Followed:

1. Introduction
   • Research Scope
   • Market Segmentation
   • Research Methodology
   • Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
   • Market Drivers
   • Market Restraints
   • Market Opportunities
4. Key Insights
   • Prevalence of Venous Leg Ulcer, DVT, Lymphedema and other key indications by country/region
   • Key Industry Trends
   • Key Industry Developments (Mergers, Acquisitions, and Partnerships)
   • New Product Launches
5. Global Compression Therapy Market Analysis, Insights and Forecast, 2015-2026
   • Key Findings / Summary
   • Market Analysis, Insights and Forecast �" By Product
     • Compression Garments
       • Compression Bandages
       • Compression Stockings
       • Others
     • Compression Pumps
     • Others

TOC Continued..