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(Medical-NewsWire.com, September 20, 2017 ) With the advancement of technology and increasing incidence in disease population, compression therapy is gaining wide acceptance as a method of choice among patients. Recently, with a prime focus on U.S. market, a study titled “United States Compression Therapy Market Outlook to 2024” has been forecasted to the wide research repository of Market Research Hub (MRH). The primary objective of this report is to provide with an extensive analysis and estimation of all the market information, which includes factors that are boosting the growth of the U.S. market, factors that are inhibiting growth of the market, trends, opportunities, and recent developments related to the compression therapy market. Moreover, the report provides value, in millions of US dollars, volume (in units) and average prices (USD) within major market segments. Data is provided from 2010 to 2017 and forecast to 2024.
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Initially, the report begins with a general overview regarding application of compression therapy among various other therapy options. Compression therapy can be defined as wearing garments that are specially designed to support veins and increase blood circulation. This is a reliable method of treatment used for a variety of venous disorders and diseases, including varicose veins, deep vein thrombosis, and edema. It has been analyzed by the study that the market is driven by aging population, high incidence of disease indications, rising awareness among patients and ease of application and durability of the products.
In the next section, the study throws light on major market segments which are Static Compression Therapy and Pneumatic Compression Therapy. The static compression therapy segment covers compression garments, compression bandages, anti-embolism stockings, diabetic shoes and diabetic compression socks. The report also provides company shares and distribution shares data in 2017 for each of these market segments in detail.
The study finds that alarming rise in the number of obese people in U.S. region is one of the key drivers of the market for compression therapy and is projected to remain a leading factor fueling the demand for a variety of compression therapy products in the near future as well. Also, rising inclination of people towards sports and fitness activities will also drive the demand for compression therapy products in the U.S.
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In the next section, market share analysis among the market players is analyzed to signify percentage share of the major players operating in the compression therapy market. Key players covered in this study include BSN medical GmbH, Sigvaris AG, Medtronic plc, Stryker Corporation and Juzo USA.
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