Compression Therapy Market to Witness Exponential Growth by 2027

Transparency Market Research (TMR) has published a new report titled, ‘Compression Therapy Market Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019–2027’. According to the report, the global Compression Therapy Market was valued at US$ 3,067.3 Mn in 2018 and is projected to expand at a CAGR of 6.1% from 2019 to 2027. Overview Compression therapy is a medical procedure, wherein external pressure is applied to the skin and underlying structure (organ) to promote the normal flow of venous blood in the body. It aims to increase venous and lymphatic fluid in the limb through the utilization of external force (exerted by compression products). Based on technology, the compression therapy market has been segmented into static and dynamic compression technology. The static technology segment accounted for the largest share of the global compression therapy market in 2018 primarily due to the low cost, easy availability, and high demand for static compression products. Request Brochure of Report - https://www.transparencymarketresearch.com/sample/sample.php? flag=B&rep_id=1537 North America dominated the global Compression Therapy market in 2018 and the trend is anticipated to continue during the forecast period. Rising prevalence of vascular diseases (venous ulcers, lymphedema, and deep vein thrombosis) and increasing demand for various advanced compression therapy products are driving the compression therapy market in the region. The compression therapy market in Asia Pacific is anticipated to expand at the fastest rate during the forecast period compared to that in North America and Europe. Increase in geriatric population in countries such as Japan, China, and Singapore is propelling the demand for accurate and reliable compression therapy products, thereby driving the market in the region. Increase in the number of orthopedic surgeries to Drive Market The number of orthopedic surgeries performed globally has increased significantly due to various social and environmental factors (accident, bone disease). Hence, orthopedic procedures such as knee construction, partial hip replacement, and spinal fusions have witnessed considerable increase. Moreover, spinal surgeries are becoming increasingly popular; around 432,000 spinal fusions are performed in the U.S. every year. Compression therapy products are the primary choice for orthopedic surgery as these provide faster healing, reduce swelling and inflammation, and decrease acute or chronic pain. Therefore, increasing number of orthopedic surgeries is expected to propel demand for compression therapy during the forecast period. Request for Analysis of COVID-19 Impact on Compression Therapy Market https://www.transparencymarketresearch.com/sample/sample.php?flag=covid19&rep_id=1537 Static Technology Segment to Dominate Market Based on technology, the global Compression Therapy market has been divided into static and dynamic. The static segment dominated the global Compression Therapy market in 2018 and the trend is projected to continue during the forecast period. The easy availability and high demand for the products

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