Global Compression Therapy Market Report 2022 to 2027: Growing Burden of Sports Injuries and Road Accidents Drives Growth - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Compression Therapy Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)" report has been added to ResearchAndMarkets.com's offering.

The Compression Therapy Market is expected to register a CAGR of 5.35% during the forecast period.

Companies Mentioned

• 3M Company
• Arjohuntleigh
• Bio Compression Systems, Inc.
• DJO Global, Inc. (Colfax Corporation)
• Gottfried Medical, Inc.
• Medline Industries, Inc.
• BSN medical
• Paul Hartmann AG
• Smith & Nephew PLC
• medi GmbH & Co. KG
• Tactile Medical
• SIGVARIS (Switzerland)
• Julius Zorn GmbH
• Theragun, Inc. (Therabody)

Key Market Trends

Compression Garments is Expected to Hold a Major Share During the Forecast Period.

The compression garments segment is expected to hold a major share in the market over the forecast period.

For many years, compression garments have been highly used in medical treatments. In many sportswear, it is an important addition to athletics and fitness activities. It is expected to enhance the performance of the athletes, decrease the possibility of injury, and accelerate the recovery process. In many burns cases, it is very helpful in minimizing the formation of hypertrophic scars and enhancing the maturation process of scars.

Furthermore, according to the study published in BMC Sports Science, Medicine and Rehabilitation, titled 'Lower extremity compression garments use by athletes: why, how often, and perceived benefit' in March 2021, all athletes in the study utilized compression garments (CGs) primarily to avoid injury recurrence, but they also used them to alleviate the symptoms of a present sports injury.

Most athletes said the CGs had a beneficial effect on them. CGs were utilized more during athletic involvement than afterward. This will further drive the growth of compression garments during their adoption of compression garments in sports activities and after injuries.

Also, a large patient population suffering from arthritis due to the presence of other chronic conditions such as heart disease, diabetes, and obesity requires compression therapy in their daily life to lead a better life. Novel approaches have helped in putting material-based sensor technology such as Electromyography (EMG)-based inertial sensors in smart compression garments.

The proper use of such devices effectively and frequently manages ulcers and scars. In addition, there is wide acceptance of compression garments among hospitals and clinics that promote compression therapy to complete a particular treatment.

North America is Expected to Hold a Major Share over the Forecast Period

North America is expected to hold a significant share in terms of revenue generation over the forecast period.

Some primary reasons include good awareness regarding early diagnosis of venous ulcers, arthritis, sports injury, and patients suffering from road accidents. Venous is a prevalent disease among industrialized nations.

For instance, according to the United States Department of Transportation's National Highway Traffic Safety Administration, in October 2021, an estimated 20,160 people died in motor vehicle crashes in the first half of 2021, up 18.4% over 2020. The rising traffic accidents in this region will lead to increased adoption of compression therapy during the healing of injuries, thereby expected to drive the market growth in this region.

In the United States, millions are affected by arthritis and venous ulcers, which generates a high cost for the country's healthcare sector. However, the government's boost to the companies at the domestic level and awareness in the society, along with better spending power, drives the demand for compression therapy adoption rate each year.

Many international companies with well-established distribution channels would also help North America become the more lucrative market over the forecast period. For instance, in January 2022, AIROS Medical, Inc., a designer, manufacturer, and distributor of compression therapy devices, and Fist Assist Devices, LLC (Fist Assist), an innovative medical device company, launched an e-commerce website, for the sale of the Fist Assist FA-1 compression device in the United States. This will increase sales of compression therapies via online platforms, driving the market growth in this region.

Key Topics Covered:

1 INTRODUCTION

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS

4.1 Market Overview

4.2 Market Drivers

4.2.1 Growing Burden of Sports Injuries and Road Accidents

4.2.2 Technological Advancements in Wound Management

4.2.3 Growth in Development of Preventive and Rehabilitative Care

4.3 Market Restraints

4.3.1 Availability of Alternative Treatments

4.3.2 Negligence and Lack of Awareness Regarding Compression Therapies

4.4 Porter's Five Forces Analysis

5 MARKET SEGMENTATION (Market Size by Value - USD million)

5.1 By Technology

5.2 By Product

5.3 By Application

5.4 Geography

6 COMPETITIVE LANDSCAPE

6.1 Company Profiles

7 MARKET OPPORTUNITIES AND FUTURE TRENDS

For more information about this report visit https://www.researchandmarkets.com/r/3rrhc1