#sigvaris medical

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[healthcare-domain]

Compression Therapy Market Regional Trends, Growth Projection and Global Industry Analysis Report

Increasing large target patient population and the rising incidence of sports injuries and accidents are the major factors driving the growth of this market. Moreover, strong focus of players in expanding their product offerings in compression therapy is anticipated to support the growth of the market. However, poor patient compliance for compression products is expected to restrain the growth of this market during the forecast period.

Globally, an increasing number of people are actively participating in sports and physical activities (as a result of the growing awareness about health and fitness). This trend has, in turn, increased the incidence of sports injuries and injuries related to other physical fitness activities. In the US alone, ~8.6 million sports injuries are registered annually (Source: US Department of Health and Human Services, data as of 2021).

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Patient non-compliance to compression products and non-adherence to treatment protocols are the common issues related to compression therapy. The non-compliance rate increases particularly in long-term treatments, where the primary aim is to prevent the occurrence of a specific condition (such as the occurrence/reoccurrence of ulcers). Since compression therapy is generally used as a preventive therapy in a majority of cases, the compliance rate of patients to the therapy decreases over time. Moreover, conditions such as pain, swelling, and skin irritation are associated with the regular use of compression garments.

Increasing sales of compression products through e-commerce websites and off-the-shelf channels across mature markets are expected to offer significant growth opportunities for the manufacturers of compression therapy products.

Compression bandages are the first line of treatment of venous diseases and are used to prevent their recurrence during compression therapy. The increasing prevalence of diabetes and the rising geriatric population prone to venous ulcers, foot ulcers, varicose veins, edema and growing availability of compression bandages in the market are  expected to support the growth of the compression bandages market during the forecast period.  

Rapid growth in the geriatric population, rising number of orthopedic and spinal surgeries, and the presence of various compression therapy product manufacturers in the region. However, the Asia Pacific market is estimated to grow at the highest CAGR during the forecast period, primarily due to the rapid expansion of the target patient population in several Asia Pacific countries.

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Compression Therapy Market Dynamics:

Drivers:

Large target patient population

Growing incidence of sports injuries and accidents

Increasing number of orthopedic procedures

Greater product affordability and market availability

Clinical evidence favoring adoption of compression therapy for management of target conditions

Restraints:

Lack of universally accepted standards for compression products

Low patient compliance with compression garments

Opportunities:

Growth potential offered by emerging markets

Growing patient awareness regarding benefits of compression therapy

Increased sales of off-the-shelf and online products

Direct-to-consumer orthodontics

Challenges:

Significant adoption of alternative therapies for specific target indications

Increasing pricing pressure on market players

Key Market Players:

The major players operating in the global compression therapy market are DJO Global, Inc. (US), BSN medical (US), medi GmbH & Co. KG (Germany), Tactile Medical (US), SIGVARIS (Switzerland), Paul Hartmann AG (Germany), Sanyleg S.r.l. (Italy), 3M Company (US), ConvaTec Inc. (US), ArjoHuntleigh (Getinge Group, Sweden), and Julius Zorn GmbH (Germany)

[healthcarehubhh]

Compression Stockings Market to Grow at Highest Pace Owing to Rising Prevalence of Thrombosis and Varicose Veins

The compression stockings market involves products such as knee-high, thigh-high, and waist-high compression stockings that apply gentle pressure on the lower legs and feet. Compression stockings help improve blood circulation by preventing blood pooling in the legs and reducing swelling. They are commonly used to treat and prevent issues like varicose veins, deep vein thrombosis (DVT), leg cramps, heavy legs, spider veins and other chronic venous diseases. Advantages of compression stockings include improved comfort, reduce pain and swelling, prevent blood clots and heal wounds. The growing geriatric population which is more prone to such medical conditions and increasing awareness about the benefits of medical compression garments are majorly driving the adoption of compression stockings. The Global compression stockings market is estimated to be valued at US$ 14,869.5 Mn in 2024 and is expected to exhibit a CAGR of 9.3% over the forecast period 2023 to 2030. Key Takeaways Key players operating in the compression stockings market are Bio Compression System, BSN Medical, Devon Medical Products, Flow Aid medical technologies, Design Veronique, Julius Zorn GmbH, and Medtronic SIGVARIS. These market players are focusing on new product launches and strategic collaborations to strengthen their market presence. The growing prevalence of medical conditions such as varicose veins and DVT is a major factor fuelling demand for compression stockings. According to a study, over 30-40% of the adult population suffers from varicose veins in western countries. Rising obese and geriatric population is further contributing to high incidence rates of varicosis which is expected to drive market growth. Technological advancements have led to the development of new raw materials and advanced production techniques for compression stockings. The introduction of graduated compression technology provides accurate graduated compression across the feet, ankles and calves. Wireless connectivity in smart compression garments is another emerging trend allowing remote monitoring of patients. Market Trends - Increased uptake of medical compression due to proven efficacy: Extensive clinical research proving the therapeutic benefits of compression stockings in preventing and treating chronic venous diseases has increased acceptance amongst healthcare professionals and patients. - Rise in online purchase of compression clothing: Growing e-commerce platforms and company websites are enabling easy availability and purchase of compression stockings from the comfort of home driving market revenues. Market Opportunities - Untapped emerging markets: Developing regions like Asia Pacific and Latin America offer significant growth prospects for compression stockings due to growing health awareness, disposable income and increasing rate of obesity in these regions. - Customization and product premiumization: Market players can leverage opportunities through product customization, incorporation of advanced materials and digital technologies to serve niche customer segments willing to pay premium for added convenience, comfort and efficacy.

[labmedica23]

Sigvaris Stockings

Sigvaris compression solutions help you go easily through your day. These compression products are made for anyone, anywhere, anytime. Sigvaris offers compression wear for most medical needs, ranging from standard medical level to highly sophisticated solutions for specific indications and complex edemas. Move on with your life without compromise: Sigvaris compression therapy addresses more than your medical requirements and comfort. It caters to your way of life.

[edward12345ht]

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Buy Medical Compression Stockings Online at Best Price - Novomedshop

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[them12345]

Buy Medical Compression Stockings Online at Best Price - Novomedshop

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[jamessss123]

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[omkarpatel]

Compression Stockings are Estimated to Witness High Growth Owing to Opportunity of Preventing DVT and other Circulation Problems

Compression stockings are medical hosiery worn to improve blood circulation in the legs and to prevent deep vein thrombosis (DVT). These stockings put gentle pressure on the leg veins and muscles and help improve blood flow back to the heart. The pressure is greatest at the ankle and gradually decreases up the leg. Compression stockings are available in different compression ratings and are prescribed based on individual health needs and severity of circulation problems. The global compression stockings market is estimated to be valued at US$14,869.5 Mn in 2023 and is expected to exhibit a CAGR of 9.3% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market Opportunity: Preventing DVT and other circulation issues is a major opportunity for the compression stockings market. DVT occurs when a blood clot forms in one or more of the deep veins in the legs. Compression stockings help improve blood flow and circulation which prevents such clots from forming. With a rapidly aging global population and rising prevalence of lifestyle diseases like diabetes which impact circulation, the risk of DVT and other circulation problems is increasing worldwide. Compression stockings can effectively minimize this risk and thereby improve quality of life for those affected. The stockings are also a cost-effective and non-invasive solution compared to alternative treatments. This growing opportunity for preventive healthcare through compression stockings is expected to drive significant market growth during the forecast period. Porter's Analysis Threat of new entrants: The threat of new entrants is moderate due to moderate capital requirements however established brands and regulations act as a barrier. Bargaining power of buyers: The bargaining power of buyers is high due to availability of various substitutes and undifferentiated products leading to price sensitivity. Bargaining power of suppliers: The bargaining power of suppliers is moderate as key raw materials are available and supplier base is large. Threat of new substitutes: The threat of new substitutes is high due to availability of alternative compression garments and therapies. Competitive rivalry: Competitive rivalry is high due to established brands, undifferentiated products and price wars. SWOT Analysis Strength: Products are medically tested and approved. Wide availability through hospitals, clinics and online stores. Effective in reducing pain, swelling and fatigue. Weakness: High costs affect compliance. Require fitting by trained professionals. Issues like slipping and discomfort reduce usage. Opportunity: Growing diabetic and obese population increases demand. Untapped markets in developing regions present scope. Usage expanded to deep vein thrombosis and post-surgical cases. Threats: Alternate therapies and surgeries pose competition. Reimbursement issues and regulations and pricing pressures impact sales. Key Takeaways The global Compression Stockings market is expected to witness high growth. The market size for 2023 is US$ 14,869.5 Mn and is forecast to reach US$ 24,772.9 Mn by 2030 at a CAGR of 9.3% during the forecast period. North America dominates the market currently owing to high awareness and growing obese population. However, Asia Pacific is expected to be the fastest growing region due to rapid economic development, rising healthcare expenditure and growing medical tourism. Key players operating in the Compression Stockings market are Bio Compression Systems, BSN medical, Devon Medical Products, Flow Aid medical technologies, Design Veronique, Julius Zorn GmbH, and Medtronic SIGVARIS. Regional analysis shows North America dominates with a share of over 35% due to advanced healthcare facilities and infrastructure. Asia Pacific is expected to grow at a CAGR of over 11% during the forecast period.

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