World Compression Therapy Market to See 4.7% CAGR to 2022, Informs M&M in Its Insightful Report Recently Added at MarketPublishers.com
27 Sep 2017 • by Natalie Aster
LONDON – The value of the world’s compression therapy market stands at around USD 2.7 billion; it is anticipated to increase at a 4.7% CAGR through 2022 to exceed USD 3.4 billion. Key factors contributing to the market growth include increasing target patient pool, increasing number of sports injuries and accidents worldwide, ongoing technological advancements in the orthopedic sector, amid others. Meantime, lower patient compliance for compression garments and lack of universally accepted standards for compression products are the main factors that may restrain the compression therapy market growth across the globe.
Though 2022, the compression pumps sector is forecast to grow at the highest pace, encouraged by rising incidence of cancer, increasing number of knee and hip surgeries, expanding prevalence of venous disorders, etc.
Basing on applications, the highest growth rates in the short run are expected in the lymphedema sector.
As for regional markets, the APAC compression therapy market is likely to grow at the highest CAGR through 2022, driven by increasing per capita healthcare expenditures across developing countries in this region, robust expansion of the target patient pool and enhancing awareness about various disorders amid healthcare professionals through conferences.
Insightful topical report “Compression Therapy Market by Technique, Product, Application - Global Forecast to 2022” created by MarketsandMarkets (M&M) offers an all-round overview of the key market aspects, describes the current scenario, offers insights into the historical background, sheds light on the market dynamics and also examines the major influencing factors. Besides, this research study presents reliable, updated statistics, describes the competitive scenario and reviews the top players, pinpoints top growth barriers and opportunities as well as gives a comprehensive future outlook for the compression therapy market up till 2022.
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