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Compression Therapy Market to 2019 - Growth due to
Increased Awareness in Venous Disease Management Offset
by Reimbursemen...
About the Publisher
GBI Research provides industry-leading global business intelligence solutions. Our products and servic...
The US Remains the Largest Market for Compression Therapy
In 2012, the US was the largest market for compression therapy a...
View This Report
Executive Summary
The Global Compression Therapy Market is Forecast to Reach $XX Billion by 2019
The glob...
View More Reports from this Publisher
Title Date
Obesity Therapeutics to 2019 - Safety Concerns Hinder Drug Performance De...
MarketResearch.com provides market research solutions to business professionals
seeking to enhance their business goals. W...
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1-800-298-5699
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Compression Therapy Market to 2019 - Growth due to Increased Awareness in Venous Disease Management Offset by Reimbursement Issues By GBI Research

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Compression Therapy Market to 2019 - Growth due to Increased Awareness in Venous Disease Management Offset by Reimbursement Issues By GBI Research

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Compression Therapy Market to 2019 - Growth due to Increased Awareness in Venous Disease Management Offset by Reimbursement Issues By GBI Research

  1. 1. Compression Therapy Market to 2019 - Growth due to Increased Awareness in Venous Disease Management Offset by Reimbursement Issues GBI Research Report Highlight
  2. 2. About the Publisher GBI Research provides industry-leading global business intelligence solutions. Our products and services help companies make better business decisions, win business and position themselves more effectively. GBI Research publishes more than 100 research reports per annum across a wide range of industries. Our reports draw on in-depth primary and secondary research, databases of proprietary in-house data and high quality analysis from our expert teams. GBI Research employs hundreds of highly qualified Analysts across the US, Europe and Asia. Key report types currently published by GBI Research include: •Market Intelligence Reports: premium analytical reports based on a combination of market data, company, deals and project content, industry surveys and additional primary and secondary research. •Benchmarking Reports: analytical reports comparing key financial indicators for the top 20 companies in a particular industry and geography. •Industry Outlook Reports: survey-based reports, revealing and analyzing the leading experts' opinions on the future of the industry covered. •Market Profiles: overview-level reports based on market, company and demographic data. •Pipeline Analysis Reports: reports analyzing the unmet need, market size and product pipeline for different disease indications, based on a detailed database of developmental products.
  3. 3. The US Remains the Largest Market for Compression Therapy In 2012, the US was the largest market for compression therapy and accounted for 49% of global market revenue. It will remain the largest market during the forecast period, growing from a value of $1 billion in 2012 to $1.6 billion by 2019 at a CAGR of 6%. Europe and Asia-Pacific are expected to account for slightly smaller shares by 2019 as the share of the US increases slightly to strengthen its leading position. Inadequate reimbursement for compression therapy in the US is however a major restraint for future growth. Medicare currently does not reimburse compression therapy products, with the exception of some special conditions of chronic venous insufficiency such as venous ulcers, also known as stasis ulcers. Future growth is expected to be driven by growing awareness of the importance of compression therapy in the management and acceleration of wound healing rates. Technical advances in garments, textile technology, compression stockings, and bandages aimed at improving patient comfort will also boost growth during the forecast period. High Incidence of Venous Diseases in the Elderly and Diabetic Populations is Expected to Drive the Market The high incidence of venous diseases such as Deep Venous Thrombosis (DVT) in the elderly and diabetic populations is expected to drive the global compression therapy market. As people age they become less active and their cardiopulmonary system slows down. This lowers the blood flow and increases the chances of developing clots in deep veins, known as DVT. DVT usually has an incidence of one per 1,000, but its incidence rises with age. This incidence was studied over one year in a defined population of 342,000 inhabitants in France. The annual incidence of first DVT is estimated to be 2.3–2.9 per 1,000 in people aged 60–74 years of age, and double that in people aged 75 and above (Oger, 2000). Elderly people who undergo surgery or stay in hospital for a long time are at significant risk of developing DVT. This risk increases if the patient is diabetic or obese the risk increases, as both of these conditions weaken the deep veins and reduce the blood flow. The global diabetic population was estimated to be more than 371 million in 2012, with more than five million new cases diagnosed in 2012. Overall expenditure on diabetes was more than $471 billion in 2012 (IDF, 2012). Compression therapy is a form of wound care management that can help to minimize edema and improve circulation in wounds. Its clinical benefits are making it into the preferred treatment modality, resulting in rapid adoption and driving market growth.
  4. 4. View This Report Executive Summary The Global Compression Therapy Market is Forecast to Reach $XX Billion by 2019 The global compression therapy market was valued at $XX billion in 2012 and is forecast to reach $XX billion by 2019, driven by the increasingly large patient population The global compression therapy market was valued at $XX billion in 2012 and is forecast to reach $XX billion by 2019 at a Compound Annual Growth Rate (CAGR) of XX%. It will be driven primarily by the increasingly large population that is both elderly and diabetic and leading to a high incidence of venous diseases. There is a lack of awareness among patients and physicians about the importance of compression therapy in the management and acceleration of wound healing. However, campaigns organized by companies and nonprofit organizations have helped to raise awareness of the complications associated with venous diseases and the importance of compression therapy in their management. Advances in garments, textile technology, compression stockings, and bandages aimed at improving patient comfort are expected to drive future growth. It is imperative that governments worldwide provide better access to compression therapy, as it can help to significantly reduce a country’s healthcare burden. Inadequate or a total lack of reimbursement for compression therapy, even in developed economies such as the US and Europe, will continue to slow down demand during the forecast period.
  5. 5. View More Reports from this Publisher Title Date Obesity Therapeutics to 2019 - Safety Concerns Hinder Drug Performance Despite Large Market Opportunity Aug 31, 2013 Multiple Sclerosis Therapeutics to 2019 - Treatment Diversification, Increasing Efficacy, and Pipeline Innovation Combine to Drive Growth July 31, 2013 Chronic Obstructive Pulmonary Disease (COPD) Market to 2019 - Highly-Priced New Combination Products Forecast to Capture Significant Market Share and Drive Growth June 30, 2013 Immunoglobulins Market to 2019 - Demand in Primary Immunodeficiency (PI) and Chronic Inflammatory Demyelinating Polyneuropathy (CIDP) Potentially Supplemented by Approvals for Alzheimer’s Disease May 14, 2013 X-ray Systems Market to 2019 - Enhanced Imaging Capability, Better Procedural Efficiency and Portability to Drive Future Growth of Digital X-ray Systems April 8, 2013 ADHD Therapeutics Market to 2018 - New Diagnostic Parameters for Adult ADHD Offer Hope for Higher Rates of Treatment April 30, 2013 Critical Care Market to 2019 - Growth from Factor Concentrates New Indications and Increasing Demand for Albumin in Asia-Pacific May 14, 2013 Advanced Wound Management Market to 2019 - Increasing Incidence of Diabetes Leading to Chronic Wounds in Emerging Countries will Drive Future Growth June 3, 2013
  6. 6. MarketResearch.com provides market research solutions to business professionals seeking to enhance their business goals. We provide a number of business intelligence solutions, from individual market research reports from over 700 leading global publishers, to Knowledge Centers where clients can discover deeper business insight products into a topic over time. Or perhaps your business needs a much wider view across multiple industries and topics, if so, our Profound solution allows you to select specific parts (graphs, tables, charts or sections) from different market research reports. Our Account Managers have in-depth knowledge of the publishers and the various types of reports in their respective industries. They give you unbiased and qualitative insights on which reports will best meet your needs. If you are interested in expanding your business or growing your market share, contact us to get a free Consultation to Assess your Market Research Needs. We can help tailor a solution that suits your unique business goals. One of our Account Managers will get right back in touch with you. About Us
  7. 7. For More on this Report and Additional Research Visit MarketResearch.com Or call 1-800-298-5699

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