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According to the current analysis of Reports and Data, the global Compression Therapy Market valued at USD 3.07 Billion in 2021 and is expected to reach USD 4.79 Billion by the year 2030, at a CAGR of 5.08%. Compression therapy is a therapy where by it acts by increasing the blood flow especially in the lower limbs by strengthening vein support. It intents a gentle application of the pressure to the ankles and legs by compression garments which helps in supporting the legs. It is like an elastic garment whereby generating pressure goes up to the leg. The stockings act as a replicated muscle, its acts by adding some pressure to constricting areas of the legs where there is less flow of blood and to reduce the pain in the lower limbs as the veins loosen up.
Vein disorders leg ulcers, deep vein thrombosis, lymphedema, blood clots and varicose veins they are key drivers to this market. Products, includes stockings, bandages, garments that are being used to treat them. With the rise in the technological advancement and also increase incidence in disease population, compression therapy is gaining importance as it also acts as an OTC product these are the factors are expected to fuel the market for the further growth.
Lack reimbursement for compression therapy products by the government is likely to slow down the market in the forecast period which act as a major restraint to the market.
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Top Key Players: BSN medical (Germany), DJO Global Inc. (U.S.), medi GmbH & Co KG (Germany), Tactile Medical (U.S.), PAUL HARTMANN AG (Germany), and SIGVARIS (Switzerland). Sanyleg S.r.l. (Italy), 3M Company (U.S.), Tactile Medical (U.S.), ConvaTec Inc. (U.K.), ArjoHuntleigh (Getinge Group) (Sweden), and Julius Zorn GmbH (Juzo) (Germany) are major players in this market.
Further key findings from the report suggest
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Segments covered in the report:
Product Outlook (Revenue, USD Billion; 2019-2030)
Technique Outlook (Revenue, USD Billion; 2019-2030)
Application Outlook (Revenue, USD Billion; 2019-2030)
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The post Compression Therapy Market Size is Expected to Reach USD 4.79 Billion at a CAGR of 5.08% by 2030 appeared first on Market O Graphics.
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