LONDON, Feb. 13, 2018 /PRNewswire/ -- MediPoint:
Pneumatic Compression Therapy - Global Analysis and Market
Forecasts
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Summary
Millions of people worldwide suffer from complications resulting
from venous and lymphatic malfunctions. Potentially fatal
conditions, such as venous thromboembolism, and seriously
debilitating disorders, such as varicose veins, venous leg ulcers,
and lymphedema, present severe problems for healthcare systems
worldwide.
Pneumatic compression therapy market was estimated to be over
$355M in 2017 across the 39 markets
covered in this report. By the end of the forecast period in 2024,
it is estimated that the market will grow to approximately
$467M at a Compound Annual Growth
Rate (CAGR) of around 3.9%.
Key drivers of the pneumatic compression therapy market in
the forecast period are -
- Rising prevalence of Cancer
- Rising lympatic and venous disorders
North American pneumatic compression therapy market was estimated
at over $170M in 2017 across the 3
markets (Canada, Mexico, and US) covered in this report. By the
end of the forecast period in 2024, it is estimatedthat the market
will grow to approximately $237M at a
CAGR of over 4.5%.
European pneumatic compression therapy market was estimated to be
just over $126M in 2017 across the 21
markets (Austria, Belgium, Czech
Republic, Denmark,
Finland, France, Germany, Greece, Hungary, Ireland, Italy, Netherlands, Norway, Poland, Portugal, Russia, Spain, Sweden, Switzerland, Turkey, and the UK) covered in this report. By
the end of the forecast period in 2024, it is estimated the market
will grow to approximately $149M at a
CAGR of around 2.4%.
Asia-Pacific (APAC) pneumatic
compression therapy market was estimated at over $49M in 2017 across the seven markets
(Australia, China, India,
Japan, New Zealand, South
Korea, and Taiwan) covered
in this report. By the end of the forecast period in 2024, it is
estimated the market will grow to approximately $68.3M at a CAGR of around 4.6%.
South American pneumatic compression therapy market was estimated
at $3.3M in 2017 across the three
markets (Argentina, Brazil, and Chile) covered in this report. By the end of
the forecast period in 2024, it is estimated that the market will
grow to approximately $4.3M at a CAGR
of 3.9%.
Middle East and Africa pneumatic compression therapy market
was estimated at $5.9M in 2017 across
the five markets (Egypt,
Israel, Saudi Arabia, South
Africa, and United Arab
Emirates [UAE]) covered in this report. By the end of the
forecast period in 2024, it is estimated that the market will grow
to approximately $8.3M at a CAGR of
just over 5.1%.
Leading players in the global static compression therapy market are
ArjoHuntleigh, Medtronic, DJO Global, Stryker, DaesungMaref, and
Medical Compression Systems. ArjoHuntleigh and Medtronic are the
chief players in the space, followed by DJO Global and Stryker.
Beyond these major players, the current market includes small to
mid-sized advanced wound care companies with static compression
therapy products marketed in various geographies, mainly outside
the US. As the market continues to attract new entrants, it is
expected that to see an increase in mergers and acquisitions
activity as a continuing trend.
The report "MediPoint: Pneumatic Compression Therapy - Global
Analysis and Market Forecasts", report focuses on the market
outlook for pneumatic compression therapy in the global market.
This report analyzes and discusses the major drivers and barriers
of static compression therapy adoption, and provides an in-depth
understanding of the future outlook for this market by geography,
with an overall emphasis on the current and future trends in the 39
countries analyzed.
In particular, this report provides the following -
- In-depth analysis of unmet needs and adoption trends of different
Pneumatic Compression therapy
- Insightful review of the key industry drivers, opportunities,
restraints and challenges.
- Annualized total Pneumatic Compression therapy market revenue by
segment and market outlooks from 2017-2024.
- Other key topics covered include strategic competitive
assessment, identification of unmet needs, and market dynamics.
Companies mentioned in this report: ArjoHuntleigh AB, DaesungMaref,
DJO Global Inc., Medtronic Plc, Stryker Corporation., Medical
Compression Systems.
Scope
- Competitive assessment: Currently marketed Pneumatic Compression
therapy and evolving competitive landscape
- In-depth analysis of unmet needs and adoption trends of different
Pneumatic Compression therapy
- Insightful review of the key industry drivers, opportunities,
restraints and challenges.
- Annualized total Pneumatic Compression therapy market revenue by
segment and market outlooks from 2017-2024.
- Other key topics covered include strategic competitive
assessment, identification of unmet needs, and market dynamics.
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