The increasing number of surgeries conducted every year around the world has fuelled the necessity for advanced methods of making these surgeries less time-consuming and safer. Given the scenario, the use of sequence compression therapy has gained pace across the global healthcare circuit, thereby having a positive influence on the global compression therapy market. In a report, titled “Global Compression Therapy Market 2017-2021” added recently to the database of MarketResearchReports.biz, various industry factors fuelling the application of compression therapy are discussed at length. The report majorly focuses on the global compression therapy market’s trajectory between 2017 and 2021.
In the last couple of years, the use of graduated compression stockings and sequential calf compression has significantly increased in neurosurgery, majorly to prevent DVT and PE. Also, more and more patients are recommended sequential compression devices systems during prolonged laparoscopic surgery to prevent venous blood return and subsequent cardiac depression. Besides this, sequential compression therapy is more advanced and generates results within one or two hours per day as compared to its traditional counterparts, which take almost 12 to 48 hours to achieve the same result.
The recent trends suggest that with the spike in the number of surgical procedures, the risk of developing thromboembolic events will grow as well. The treatment of thromboembolic events require compression therapy systems. It is therefore likely for the global compression therapy market to witness robust growth in the coming years.
Regionally, market players are witnessing the highest prospects in APAC due to the rising incidence of chronic ailments witnessed in the region. The healthcare segment in APAC has exhibited high inclination towards product innovation. Besides this, physicians across emerging nations in APAC are exposed to the advancements in the field of medicine and healthcare, which helps creating an environment conducive to growth of the compression therapy market. Besides this, the rising application of compression therapy in the treatment of sports injuries will bolster opportunities for the compression therapy market in the region.
By technology, the global compression therapy market can be bifurcated into dynamic compression therapy and static compression therapy. Of these, the demand for static compression therapy is higher as it offers the first-mover advantage and affordability. The therapy is used for the management of venous hypertension, lymphedema, and venous ulcers.
BSN Medical, 3M, SIGVARIS, Getinge, and Medtronic are identified by the report as the key market vendors. Devon Medical Products, KT Health, Medical Compression Systems, Smith & Nephew, Nike, and Tactile are other key players operating in the market. In order to gain competitive edge a majority of the market players are focusing on product innovation. Given the scenario, the global compression therapy market is forecast to report a steady CAGR during the course of the forecast period.
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