Asia-Pacific Compression Therapy Market, By Product (Compression Braces, Compression Pumps, Compression Garments), Technique (Static Compression Therapy, Dynamic Compression Therapy), Application (Lymphedema Treatment, Leg Ulcer Treatment, Varicose Vein Treatment, Deep Vein Thrombosis Treatment, Other), End User (Pharmacies and Retailers, Hospitals and Clinics, E-Commerce Platforms), Country (Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific)- Industry Trends and Forecast to 2028
Market Analysis and Insights: Asia-Pacific Compression Therapy Market
The compression therapy market is expected to witness market growth at a rate of 9.30% in the forecast period of 2021 to 2028. Data Bridge Market Research report on compression therapy market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The rise in healthcare sector globally is escalating the growth of compression therapy market.
Compression treatment is defined as the treatment intended to improve flow and preserve the arteries. The treatment is especially designed for providing gentle pressure on the legs and ankles and declining the swelling and pain. To provide different pressure at different points in the thighs and arms, various clothes are usually built.
The presence of a large target patient population acts as one of the major factors driving the growth of compression therapy market. The surge in incidence of sports injuries and accidents, and clinical evidence favoring the adoption of compression therapy in the management of target conditions accelerate the market growth. The greater product affordability and product availability, and increase in number of orthopedic procedures along with technological developments in orthopedic operations further influence the market. Additionally, development in the healthcare infrastructure, surge in healthcare expenditure, increase in sales of off-the-shelf and rapid urbanization positively affects the compression therapy market. Furthermore, patient awareness regarding the benefits of compression therapy extend profitable opportunity to the market players in the forecast period of 2021 to 2028.
On the other hand, significant adoption of alternative therapies for specific target indications and lack of universally accepted standards for compression products are expected to obstruct the market growth. High pricing pressure on market players and low patient compliance for compression garments are projected to challenge the compression therapy market in the forecast period of 2021-2028.
This compression therapy market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on compression therapy market Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Asia-Pacific Compression Therapy Market Scope and Market Size
The compression therapy market is segmented on the basis of product, technique, application and end user. The growth amongst these segments will help you analyze meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- On the basis of product, the compression therapy market is segmented into compression braces, compression pumps and compression garments.
- On the basis of technique, the compression therapy market is segmented into static compression therapy and dynamic compression therapy.
- On the basis of application, the compression therapy market is segmented into lymphedema treatment, leg ulcer treatment, varicose vein treatment, deep vein thrombosis treatment and other.
- On the basis of end user, the compression therapy market is segmented into pharmacies and retailers, hospitals and clinics and e-commerce platforms.
Asia-Pacific Compression Therapy Market Country Level Analysis
The compression therapy market is analyzed and market size insights and trends are provided by country, product, technique, application and end user as referenced above.
The countries covered in the Asia Pacific medical robotic systems market report are China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC).
Japan dominates the Asia Pacific compression therapy market owning to the technological advancements in the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare infrastructure growth installed base and new technology penetration
Asia Pacific compression therapy market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for Asia Pacific compression therapy market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the Asia Pacific compression therapy market. The data is available for historic period 2010-2019.
Competitive Landscape and Asia-Pacific Compression Therapy Market Share Analysis
The compression therapy market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to compression therapy market.
The major players covered in the compression therapy market report are 3M, Medtronic, medi GmbH & Co. KG, PAUL HARTMANN AG, Smith & Nephew, Tactile Systems Technology Inc., ConvaTec Group PLC, Juzo, Bio Compression Systems, Inc., SIGVARIS GROUP, Bauerfeind, and DJO, LLC, among others. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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