Compression Therapy Market

BSN medical (Germany) and Tactile Medical (US) are the Leading Player in the Compression Therapy Market

The global compression therapy market is projected to reach USD 4.2 billion by 2025 from USD 3.1 billion in 2019, at a CAGR of 4.8% during the forecast period. The presence of a large target patient population, increasing number of sports injuries & accidents across the globe, and the rising number of orthopedic procedures are the major factors that are expected to drive the growth of the global compression therapy market during the forecast period of 2019 to 2025. However, the lack of universally accepted standards for compression products and the low patient compliance for compression garments are the key factors hindering the growth of this market.

Analysis of the market developments between 2016 and 2020 has revealed that several growth strategies, such as product launches, strategic acquisitions, agreements, partnerships, and collaborations, have been adopted by market players to strengthen their product portfolios and maintain a competitive position in the compression therapy market. Among these, product launches, agreements, and collaborations were the most widely adopted growth strategies by players in the market.

To know about the assumptions considered for the study download the pdf brochure

BSN medical (Germany) is a leading player in the compression therapy market. The company offers a broad range of compression products, including bandages, stockings, and socks, which are used to treat diabetes, lymphedema, and DVT. The company primarily focuses on acquisitions, product launches, and agreements to sustain its leadership position in the compression therapy market. Over the last few years, the company has made strategic acquisitions (such as the acquisition of Wright Therapy Products, Inc. (US), a manufacturer of compression therapy systems, in 2015) to strengthen its presence in the compression therapy market. The company has a strong presence in Germany, Colombia, France, Mexico, Pakistan, South Africa, Venezuela, New Zealand, and the US.

Tactile Medical (US) is one of the major players operating in the compression pumps market; in recent years, the company has seen double-digit revenue growth in this market. Tactile Medical employs a direct-to-patient and provider model to deliver its solutions to patients, and also trains them on the proper use of its compression therapy solutions. It is also emphasizing on creating awareness about its brand among patients by advertising through campaigns, exhibitions, and trade shows; conducting physician meetings; training and educating clinicians; and publishing additional clinical and economic outcome data. The company is currently selling its products only within the US. However, it is planning to pursue future international expansion in Europe and Canada.

Related Reports:

Compression Therapy Market by Technique (Static, Dynamic), Product (Garment (Stockings, Bandages, Wraps), Braces, Pump), Application (Varicose Vein, DVT, Lymphedema, Leg Ulcer), Distribution (Clinics, Pharmacies, E-Commerce) - Global Forecast to 2025

Contact:
Mr. Sanjay Gupta
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
sales@marketsandmarkets.com

Report Code
MD 5515
RI Published ON
2/20/2020
Choose License Type
BUY NOW
  • SHARE
X
Request Customization
Speak to Analyst
Speak to Analyst
OR FACE-TO-FACE MEETING
PERSONALIZE THIS RESEARCH
  • Triangulate with your Own Data
  • Get Data as per your Format and Definition
  • Gain a Deeper Dive on a Specific Application, Geography, Customer or Competitor
  • Any level of Personalization
REQUEST A FREE CUSTOMIZATION
LET US HELP YOU!
  • What are the Known and Unknown Adjacencies Impacting the Compression Therapy Market
  • What will your New Revenue Sources be?
  • Who will be your Top Customer; what will make them switch?
  • Defend your Market Share or Win Competitors
  • Get a Scorecard for Target Partners
REQUEST A FREE WORKSHOP
ADJACENT MARKETS
REQUEST BUNDLE REPORTS
+1-888-600-6441
  • Call Us
  • +1-888-600-6441 (Corporate office hours)
  • +1-888-600-6441 (US/Can toll free)
  • +44-800-368-9399 (UK office hours)
CONNECT WITH US
ABOUT TRUST ONLINE
©2020 MarketsandMarkets Research Private Ltd. All rights reserved