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Published: Sep, 2019 | Pages:
110 | Publisher: Grand View Research
Industry: Medical Devices | Report Format: Electronic (PDF)
Latin America compression therapy market size is anticipated to reach USD 290.2 million by 2026, according to a new report by Grand View Research, Inc., exhibiting a CAGR of 5.8%. Increase in incidence of chronic diseases and geriatric population are key driving factors. In addition, increasing healthcare expenditure in developing economies of the region and presence of untapped opportunities are factors expected to further boost growth. Brazil accounted for over 20.0% share in 2018, owing to high adoption of compression stockings. According to a research published in NCBI, compression stockings are extensively used in Brazil to treat venous disorders. In addition, these products are easily available and are known to provide positive results, further promoting the use of compression therapy products across the country. Moreover, improving healthcare infrastructure, economic development, and increasing patient awareness are factors supporting rapid market growth. Some of the key players are ArjoHuntleigh, Medi GmbH & Co, and Medtronic plc. They are primarily focused on new product launches and distribution enhancement strategies to expand their customer base and increase product accessibility in developing economies. Further key findings from the report suggest: • Large diabetic population of Latin America and increase in prevalence of chronic disorders among the elderly are expected to drive compression therapy market. • Static compression dominated the technology segment in 2018, owing to high convenience and greater accessibility of these products in treatment of sports injuries and venous disorders. • Dynamic technology segment is expected to exhibit strong growth over the forecast period, due to increasing awareness of associated benefits such as improvements in external control, multi-layer compression, and venous return. • By products, pneumatic pumps is anticipated to witness highest growth over the forecast period. Factors such as availability of single compartment and multiple-chamber nonprogrammable pumps, controlled delivery of pressure based on severity of disorder, high venous return, and sustained effect are key factors contributing towards dominance of this segment. • Bandages, followed by stockings, dominated the products segment in 2018, with a collective revenue of over USD 80.0 million. • Increased demand, less bulkiness, minimum slippage, and enabling patients wear normal footwear are factors contributing to the large share of this segment.
Table of Contents
Chapter 1 Methodology and Scope
1.1 Market Segmentation
1.2 Research Methodology
1.3 Research Scope and Assumptions
1.4 List to Data Sources
1.5 List of Abbreviations
Chapter 2 Executive Summary
2.1 Market Summary
Chapter 3 Market Variables, Trends, & Scope
3.1 Market Lineage Outlook
3.1.1 Parent market outlook
3.1.2 Related/Ancillary market outlook
3.2 Penetration & Growth Prospect Mapping
3.3 Regulatory Framework
3.4 Market Dynamics
3.4.1 Market Driver Analysis
3.4.1.1 Increasing prevalence of venous disorders
3.4.1.2 Rising significance in treatment of sport injuries
3.4.1.3 Significant increase in orthopedic surgeries
3.4.2 Market Restraint Analysis
3.4.2.1 Absence of adequate reimbursement framework
3.5 Latin America Compression Therapy Market: Market Analysis Tools
3.5.1 Industry Analysis - PORTER'S
3.5.2 Major Deals & Strategic Alliances Analysis
3.5.2.1 Joint Ventures
3.5.2.2 Mergers & Acquisitions
3.5.2.3 Licensing & Partnership
3.5.2.4 Technology Collaborations
3.5.3 Market Dynamics and Brand Strategies
Chapter 4 Latin America Compression Therapy Market: Product Estimates & Trend Analysis, 2015 - 2026 (USD Million)
4.1 Latin America Compression therapy market: Product movement analysis
4.2 Compression bandages
4.2.1 Compression bandages market estimates and forecasts, 2015 - 2026 (USD Million)
4.3 Compression tape
4.3.1 Compression tape market estimates and forecasts, 2015 - 2026 (USD Million)
4.4 Compression stockings
4.4.1 Compression stockings market estimates and forecasts, 2015 - 2026 (USD Million)
4.5 Others (Compression garments)
4.5.1 Others market estimates and forecasts, 2015 - 2026 (USD Million)
4.6 Non-segmented compression pumps
4.6.1 Non-segmented compression pumps market estimates and forecasts, 2015 - 2026 (USD Million)
4.7 Segmented compression pumps with gradients
4.7.1 Segmented compression pumps with gradients market estimates and forecasts, 2015 - 2026 (USD Million)
4.8 Segmented compression pumps without gradients
4.8.1 Segmented compression pumps without gradients market estimates and forecasts, 2015 - 2026 (USD Million)
4.9 Compression sleeves
4.9.1 Compression sleeves market estimates and forecasts, 2015 - 2026 (USD Million)
Chapter 5 Latin America Compression Therapy Market: Regional Market Analysis
5.1 Regional Market Share Analysis, 2018 & 2026
5.2 Regional Market Dashboard
5.3 Market Size & Forecasts, Estimates and Trend Analysis, 2018 to 2026
5.4 Latin America Latin America compression therapy market, 2015 - 2026 (USD Million)
5.4.1 Latin America compression therapy market, by technology, 2015 - 2026 (USD Million)
5.4.1.1 Latin America static compression therapy market, 2015 - 2026 (USD Million)
5.4.1.2 Latin America dynamic compression therapy market, 2015 - 2026 (USD Million)
5.4.2. Brazil
5.4.2.1 Brazil compression therapy market, by technology, 2015 - 2026 (USD Million)
5.4.2.2 Brazil static compression therapy market, by product, 2015 - 2026 (USD Million)
5.4.2.3 Brazil dynamic compression therapy market, by product, 2015 - 2026 (USD Million)
5.4.3 Mexico
5.4.3.1. Mexico compression therapy market, by technology, 2015 - 2026 (USD Million)
5.4.3.2. Mexico static compression therapy market, by product, 2015 - 2026 (USD Million)
5.4.3.3. Mexico dynamic compression therapy market, by product, 2015 - 2026 (USD Million)
5.4.4. Argentina
5.4.4.1. Argentina Latin America compression therapy market, by technology, 2015 - 2026 (USD Million)
5.4.4.2. Argentina static compression therapy market, by product, 2015 - 2026 (USD Million)
5.4.4.3. Argentina dynamic compression therapy market, by product, 2015 - 2026 (USD Million)
5.4.5 Colombia
5.4.5.1. Colombia Latin America compression therapy market, by technology, 2015 - 2026 (USD Million)
5.4.5.2. Colombia static compression therapy market, by product, 2015 - 2026 (USD Million)
5.4.5.3. Colombia dynamic compression therapy market, by product, 2015 - 2026 (USD Million)
Chapter 6 Latin America Compression Therapy Market - Competitive Analysis
6.1 Recent Developments & Impact analysis, by key market participants
6.2 Company Categorization
6.2.1 Market Leader
6.2.2 Key Innovators
6.2.3 Emerging Players
6.3 Vendor Landscape
6.3.1 Key Customers
6.3.2 Key Company Market Share Analysis, 2018
6.4 Key Companies Profiled
6.4.1 MEDI GMBH & CO. KG
6.4.1.1 Company overview
6.4.1.2 Financial performance
6.4.1.3 Product benchmarking
6.4.1.4 Recent developments
6.4.2 MEDTRONIC
6.4.2.1 Company overview
6.4.2.2 Financial performance
6.4.2.3 Product benchmarking
6.4.2.4 Recent developments
6.4.3 JUZO, INC
6.4.3.1 Company overview
6.4.3.2 Financial performance
6.4.3.3 Product benchmarking
6.4.3.4 Recent developments
6.4.4 SIGVARIS
6.4.4.1 Company overview
6.4.4.2 Financial performance
6.4.4.3 Product benchmarking
6.4.4.4 Recent developments
6.4.5 PAUL HARTMANN AG
6.4.5.1 Company overview
6.4.5.2 Financial performance
6.4.5.3 Product benchmarking
6.4.5.4 Recent developments
6.4.6 ARJOHUNTLEIGH
6.4.6.1 Company overview
6.4.6.2 Financial performance
6.4.6.3 Product benchmarking
6.4.6.4 Recent developments
6.4.7 3M Healthcare
6.4.7.1 Company overview
6.4.7.2 Financial performance
6.4.7.3 Product benchmarking
6.4.7.4 Recent developments
6.4.8 SPECTRUM HEALTH
6.4.8.1 Company overview
6.4.8.2 Product benchmarking
6.4.8.3 Recent developments
6.4.9 BIO COMPRESSION SYSTEMS, INC.
6.4.9.1 Company overview
6.4.9.2 Product benchmarking
6.4.9.3 Recent developments
6.4.10 GOTTFRIED MEDICAL, INC.
6.4.10.1 Company overview
6.4.10.2 Product benchmarking
6.4.10.3 Recent developments
List of Tables Table 1 Primary interview details: Latin America Table 2 Reimbursement Table 3 Latin America compression therapy market, by country, 2015 - 2026 (USD Million) Table 4 Latin America compression therapy market, by technology, 2015 - 2026 (USD Million) Table 5 Latin America static compression therapy market, by Product, 2015 - 2026 (USD Million) Table 6 Latin America dynamic compression therapy market, by product, 2015 - 2026 (USD Million) Table 7 Latin America compression therapy market- key market driver impact Table 8 Latin America compression therapy market- key market restraint impact Table 9 Brazil compression therapy market, by technology, 2015 - 2026 (USD Million) Table 10 Brazil static compression therapy market, by Product, 2015 - 2026 (USD Million) Table 11 Brazil dynamic compression therapy market, by product, 2015 - 2026 (USD Million) Table 12 Mexico compression therapy market, by technology, 2015 - 2026 (USD Million) Table 13 Mexico static compression therapy market, by Product, 2015 - 2026 (USD Million) Table 14 Mexico dynamic compression therapy market, by product, 2015 - 2026 (USD Million) Table 15 Argentina compression therapy market, by technology, 2015 - 2026 (USD Million) Table 16 Argentina static compression therapy market, by Product, 2015 - 2026 (USD Million) Table 17 Argentina dynamic compression therapy market, by product, 2015 - 2026 (USD Million) Table 18 Colombia compression therapy market, 2015 - 2026 (USD Million) Table 19 Colombia static compression therapy market, by Product, 2015 - 2026 (USD Million) Table 20 Colombia dynamic compression therapy market, by product, 2015 - 2026 (USD Million)
List of Figures Fig. 1 Market research process Fig. 2 Data triangulation techniques Fig. 3 Primary research pattern Fig. 4 Primary interviews in Latin America Fig. 5 Market research approaches Fig. 6 Value-chain-based sizing & forecasting Fig. 7 QFD modeling for market share assessment Fig. 8 Market formulation & validation Fig. 9 Latin America compression therapy: Market Outlook Fig. 10 Latin America compression therapy market competitive insights Fig. 11 Parent market outlook Fig. 12 Related/ancillary market outlook Fig. 13 Penetration and growth prospect mapping Fig. 14 Industry value chain analysis Fig. 15 Latin America Compression Therapy Market Driver Impact Fig. 16 Market restraint relevance analysis (Current & future impact) Fig. 17 Porter's five forces analysis Fig. 18 SWOT analysis, by factor (political & legal, economic and technological) Fig. 19 Latin America Compression Therapy : Strategic Initiatives Analysis Fig. 20 Latin America Compression Therapy Market technology outlook: Key takeaways Fig. 21 Latin America Compression Therapy Market: technology movement analysis Fig. 22 Static Compression Therapy Market, 2015 - 2026 (USD Million) Fig. 23 Dynamic Compression Therapy Market, 2015 - 2026 (USD Million) Fig. 24 Latin America compression therapy product outlook: Key takeaways Fig. 25 Latin America compression therapy Market: Product movement analysis Fig. 26 Latin America compression pumps Market, 2015 - 2026 (USD Million) Fig. 27 Latin America compression stockings Market, 2015 - 2026 (USD Million) Fig. 28 Latin America compression bandages Market, 2015 - 2026 (USD Million) Fig. 29 Latin America compression tape Market, 2015 - 2026 (USD Million) Fig. 30 Global Market Share And Leading Players Fig. 31 Latin America Market Share And Leading Players Fig. 32 Brazil market estimates and forecast, 2015 - 2026 Fig. 33 Mexico market estimates and forecast, 2015 - 2026 Fig. 34 Argentina market estimates and forecast, 2015 - 2026 Fig. 35 Colombia market estimates and forecast, 2015 - 2026 Fig. 36 Participant Categorization- Latin America Compression Stockings market Fig. 37 Market share of key market players- Latin America compression stockings market
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