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Increasing Seaborne Trade Across The Globe To Propel Port Equipment Market

The factors that are expected to fuel the growth of the port equipment market are the increasing seaborne trade across the globe and the growing number of container shipments in Asia Pacific and the Middle East. Various countries have been focusing on developing new ports owing to the increase in vessel count and trade volume. According to the International Chamber of Shipping, 90% of the world’s trade is carried out through seaways as they are ideal for heavy and bulk goods, have large carrying capabilities, and offer competitive freight costs. The global port equipment market size is expected to grow from USD 29.2 billion in 2018 to USD 36.6 million by 2023, at a CAGR of 3.30% during the forecast period. The major driving factors for the port equipment market are the increasing seaborne trade across the globe and the growing number of container shipments in Asia Pacific and the Middle East. Based on equipment type, the straddle carriers segment is estimated to lead the port equipm
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Compression Therapy Market worth $4.2 billion by 2025 | Top Companies, Segments, SWOT, & Future Growth Scope

The global compression therapy market is projected to reach USD 4.2 billion by 2025 from USD 3.1 billion in 2019, at a CAGR of 4.8%. The presence of a large target patient population and the rising incidence of sports injuries and accidents are the major factors driving the growth of this market.

The large patient population suffering from deep vein thrombosis, varicose veins, and lymphedema; increasing incidence of sports injuries and accidents; and the availability of clinical evidence supporting the use of compression therapy in the management of different diseases are the major factors driving the growth of the global compression therapy market.

Browse 141 market data Tables and 34 Figures spread through 160 Pages and in-depth TOC on "Compression Therapy Market - Global Forecast to 2025"

Based on product, the compression therapy market is segmented into compression garments, compression braces, and compression pumps. The compression garments segment is estimated to account for the largest share of this market in 2019, primarily due to the use of compression garments in a wide range of indications, such as varicose veins, edema, DVT, and lymphedema.


On the basis of technique, the compression therapy market is segmented into static and dynamic compression therapy. The dynamic compression therapy segment is estimated to grow at the highest CAGR during the forecast period, primarily due to the rising number of hip replacement surgeries globally and the favorable clinical evidence related to the use of IPC devices in various treatments.

On the basis of application, the compression therapy market is segmented into varicose vein treatment, deep vein thrombosis treatment, lymphedema treatment, leg ulcer treatment, and other applications. The varicose vein treatment segment is estimated to account for the largest share of the compression therapy market in 2019, primarily due to the high and growing prevalence of varicose veins and the wide use of compression therapy products in the treatment of varicose veins.

Based on the distribution channel, the compression therapy market is segmented into pharmacies & retailers, hospitals & clinics, and e-commerce platforms. The e-commerce platforms segment is estimated to grow at the highest CAGR during the forecast period. Globally, e-commerce is fast emerging as a major distribution channel for various compression therapy products owing to the cost advantages of distributing products through e-commerce platforms, strong and fast-expanding logistical networks maintained by e-commerce companies across major markets, and the increasing strategic initiatives and investments are undertaken by e-commerce companies as well as market players to strengthen their presence across emerging markets.

The global compression therapy market is segmented into North America, Europe, the Asia Pacific, and the Rest of the World. North America is expected to account for the largest share of the market in 2019. The market in North America is primarily driven by the 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.

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).
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