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Compression Therapy Devices Market is Expected to Surpass USD 3,232.3 million by 2020

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Compression Therapy Devices Market is Expected to Surpass USD 3,232.3 million by 2020
Global Compression Therapy Devices Market : North America t is Registering a CAGR of
5.4% by 2020
According to a new market report published by Persistence Market Research “Global Market Study
on Compression Therapy - Asia to Witness Highest Growth by 2020”, the global compression
therapy market was valued at USD 2,377.8 million in 2014 and is expected to expand at a CAGR of
5.2% from 2014 to 2020, to reach USD 3,232.3 million by 2020.
Compression therapy is a procedure entailing the delivery of an external force to tired and aching
legs and other relevant anatomical targets where compression is required for management. This
therapy is used to treat venous and lymphatic diseases such as lower limb edema, venous eczema,
deep vein thrombosis, and diabetic foot ulcers.
Global Compression Therapy Devices Market Research Report Overview @
https://www.persistencemarketresearch.com/market-research/compression-therapy-devicesmarket.asp
Globally, the market for compression therapy is witnessing significant growth due to the increasing
prevalence of diabetes, growth of the aging population, high incidence of sports injuries, rising
awareness about various venous diseases, and the advanced features of compression therapy
garments and devices. However, inadequate reimbursement policies and the risk of complications
associated with compression therapy systems inhibit the growth of the market. The global
compression therapy market is anticipated to grow from an estimated USD 2,377.8 million in 2014
to USD 3,232.3 million by 2020 at a CAGR of 5.2% during the forecast period.
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North America dominates the compression therapy market due to increasing numbers of sports
injuries in the region. For instance, according to Safe Kids Worldwide, a global organization
dedicated to preventing injuries in children, every year about 1.3 million cases of sports injuries
among youngsters are registered in the U.S. Increasing prevalence of diabetes, aging population,
and rising obesity are also supporting the growth of compression therapy market in North America.
The compression therapy market in Europe is growing due to rising incidence of sports injuries in
the region. According to the European Injury Database (IDB), approximately 4.5 million people
above 15 years of age are treated in hospitals for sports injuries every year in the region. In addition,
increasing the prevalence of diabetes and the growth of the aging population are also supporting the
growth of the compression therapy market in Europe.
Download and View Report TOC, Figures and Tables @
https://www.persistencemarketresearch.com/market-research/compression-therapy-devicesmarket/toc
Asia is the fastest-growing region in the compression therapy market. According to the Asian
Federation of Sports Medicine (AFSM), a part of International Federation of Sports Medicine
(FIMS), on average 21,334 sports injuries occur every year in the region. Moreover, a growing
aging population and increasing prevalence of diabetes are also supporting the growth of the
compression therapy market in the region.
Medtronic plc, 3M Company, SIGVARIS, and Smith & Nephew plc are some of the leading players
in the compression therapy market. Other major players in the market include medi GmbH & Co.
KG, PAUL HARTMANN AG, Julius Zorn GmbH., ArjoHuntleigh, BSN medical GmbH, and
THUASNE.
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