Surge in online shopping and innovation in compression products are trending the global pneumatic compression therapy market
Military and sports are the experimentation fields for inventive research in the textile industry. The military, sportswear and other sports products are a part of the textile business, which have brought about market enhancement for fiber materials and have also possessed the capacity to redesign textile science and innovation to a level that has progressed towards becoming in line with other cutting edge modern standards.
Great advancements in textile and nanotechnology and the growth of the overall sector are helped by the way that there has been an increase in demand for performance features in mainstream fashion. For instance, nanotechnology has genuine business potential in the textile industry. Nanotechnology can provide fabrics with high durability on the grounds that nano-particles have an expansive surface range to volume proportion and high surface vitality, subsequently displaying better affinity for fabrics and leading to an increase in durability as a function.
The electronic business is developing as there are numerous new advancements in the pipeline; for example, excellent chips, adaptability and compactness of the product. Pneumatic compression treatment devices makers are concentrating on devices portability. For instance, DJO Global, Inc. has launched Venapro portable device that is easy to use and fix, to help prevent post-operative DVT. The other device is Venowave potable device used on the leg to treat post-operative DVT.
Online shopping is convenient and by far most of online stores offer products at costs that are much lower than physical stores. Online entrepreneurs comprehend this and generally decrease their net revenue to acquire more clients. Most physical stores have a limited variety of products. Because of the increasing benefits of online shopping, e-commerce has become very popular among buyers and is a highly profitable distribution channel.
Pneumatic compression sleeve segment to reach maximum market value in the global pneumatic compression therapy market
In terms of value, the pneumatic compression sleeve segment is projected to be the most attractive segment in the global pneumatic compression therapy market during the forecast period and is expected to remain dominant throughout the forecast period with a market value of more than US$ 200 Mn in 2017 and is estimated to account for a revenue share of more than 50% in 2017. The pneumatic compression sleeve segment will record a CAGR of 7.3% during the forecast period. On the other hand the segmented pneumatic compression pumps segment by product type is expected to grab more than 30% market share in the year 2017, registering a CAGR of 5.8% during the projected period.
Pneumatic Compression Therapy: Global Market Overview
The global pneumatic compression therapy market is projected to expand at a CAGR of 6.6% in terms of value during the forecast period to reach a market valuation of more than US$ 670 Mn by 2025 end. The global market represents absolute $ opportunity of more than US$ 25 Mn in 2018 over 2017 and incremental opportunity of more than US$ 250 Mn between 2017 and 2025.
One of the significant features of the global pneumatic compression therapy market is that this market is still dominated by developed countries. Key players operating in this market are focusing on product technology innovation such as device portability and ultimately increasing their focus on sleeves and material types in the global pneumatic compression therapy market. Entering into strategic business partnerships and mergers and acquisitions are some of the development strategies in the global pneumatic compression therapy market leveraged by players to expand their global reach and product recognition. Through extensive research, our analysts have studied how the different market dynamics are likely to impact the current and future scenario of the global pneumatic compression therapy market, thereby providing useful insights to market players to plan their differentiating strategies capable of evolving with the changing market landscape. The analysts of Persistence Market Research have analyzed the key trends, drivers, restraints and opportunities while studying this market. Impact analysis of key growth drivers and restraints based on the weighted average model is included in the report to better equip and arm clients with crystal-clear decision-making insights.
While considering the global pneumatic compression therapy market pricing assumptions, our analysts have considered Weighted Average Selling Price (ASP) to deduce market values. The product prices have been captured from key manufacturers in top countries for each region, with respect to their estimated market share to arrive at region-wise weighted average pricing. The pricing has been validated from primary discussions with industry experts and manufacturers in each region. The pricing analysis includes pricing of disposable pneumatic compression devices used during PCI procedure. A demand-supply gap analysis has also been carried out, involving both marketplace discussions and desk research in determining pricing premiums. Our new report titled “Pneumatic Compression Therapy Market: Global Industry Analysis (2012 – 2016) and Forecast (2017 – 2025)” studies the global pneumatic compression therapy market extensively over an eight year forecast period.
Economic analysis of pneumatic compression therapy, technology assessment, regulatory scenario, reimbursement of fractional flow reserve in the U.S. are some of the aspects covered in our report. Macro-economic indicators such as pneumatic compression therapy market outlook and others have been considered to arrive at the indicated market numbers. Growth rate for few of the product types has been derived through the sales numbers of respective products across regions. Top-down approach has been used to counter-validate the reached market numbers. Bottom-up approach has been used to assess market numbers in the global pneumatic compression therapy market.
Our analysts have also provided strategic recommendations for both existing and new players in the market to emerge sustainably profitable. The report covers the competitive landscape that provides a dashboard view of companies that manufacture and provide services in the global pneumatic compression therapy market. The report also features company profiles of some of the key players along with a strategic overview of mergers and acquisitions along with companies’ expansion plans across various regions.
Data gathered during the process of research is validated using the triangulation method, wherein secondary and primary research along with our analysis contribute to the final data. Our expert team has conducted interviews with industry experts, market players and distributors and retailers of pneumatic compression therapy devices. In-depth secondary research is used to ascertain the overall market size, top industry players, top products, and industry associations. The report also takes into consideration year-on-year growth and other important metrics to understand the predictability of the market and to identify the right opportunities across the global pneumatic compression therapy market.