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Compression Therapy Market

Category: Healthcare

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The global compression therapy market size was valued at USD 4.0 billion in 2021 and is estimated to reach around USD 6.5 billion in 2030 exhibiting a CAGR of 6.0% in the forecasted period. Increase in the prevalence of vein disorders such as lymphedema, leg ulcers, deep vein thrombosis, varicose veins, and blood clots is a high impact factor. Products, specifically stockings and bandages are being gradually used to treat the abovementioned disorders, thus boosting the market growth.

Attribute	Key Insights
Estimated Market Value (2021)	4.0 USD Billion
Forecasted Market Value (2028)	6.5 USD Billion
CAGR % 2023-2028	6.0%`
Leading Region	North America

However, the sudden reduction in cattle herd population due to the risen demand of dairy and meat products will restrain the growth of the compression therapy market, although the high cost and chances of viral existence is likely to challenge the growth of the compression therapy market.

Medical compression also helps in the decrease of edema and the reproduction of favourable conditions for the cure of acute inflammation illnesses. Ulnar nerve entrapment treatment massage, treatment for compression fracture, fractured spine treatment, and leg compression therapy are some popular treatments present in the market. The increasing number of older adults and sports-related injuries are some of the prime drivers of the global compression market.

The COVID-19 pandemic had a great effect on human life and economic events. The fast spread of the virus and the huge threat that the virus possessed to human life caused in a large number of hospitalizations across several nations. This increase in the number of hospitalized patients had a positive impact on the compression therapy market.

Product Insights

In 2021, compression garments were anticipated to take the dominance in the compression therapy market, and this is majorly owing to the broad usage of compression garments for several causes, including varicose veins, edema, DVT, and lymphedema, and the management of numerous chronic illnesses.

Technique Insights

Static therapy leads the technique segment in 2022 with a market share of more than 60%, due to the high accessibility and user-friendly qualities of this technology. The substantial share gathered by this segment is attributable to the more accessibility of these products in treating edema and sports-related injuries to permit pain and pressure relief. Advantages related with static technology are also supposed to drive the preference of patients and physicians, thus accounting for a large share. Furthermore, the considerable share bagged by this segment is also supposed to be a significance of the high susceptibility of the increasing diabetic and geriatric population base to the increase of deep vein thrombosis, lymphedema, and chronic venous insufficiency.

Dynamic technology is anticipated to witness faster growth during the forecasted period as a result of the benefits related, considering it a more suitable choice in the future. These advantages include high venous return, external control, and sustained effect.

Region Insights

North American region is predicted to dominate the market in terms of revenue owing to the increasing awareness among the people and attractive reimbursement policies. Growing awareness of venous ulcers, sports injuries, arthritis, and people who have been victims of vehicle accidents are some of the major contributors. In a survey, the National Highway Traffic Safety Administration of the United States Department of Transportation stated an expected 20,160 individuals died in motor vehicle incidents in the first half of 2021, more than 18.4 % from 2020. As traffic accidents in this region rise, compression therapy will be used more regularly during the recovery process, thus boosting market growth in this region.

Asia Pacific is expected to witness a significant growth rate across the forecasted period. The market is grown by high investments in R&D by major players and consistent initiatives to commercialize products at a comparatively lower price. Additionally, increasing disposable income that increases the probability of usage of these products, and constant upgradation of healthcare infrastructure is expected to provide the market with remunerative growth opportunities.

Key Companies Insights

Key players are aiming on their technological partnerships, collaborations, and merger & acquisitions policies to gain a competitive edge and expand their product portfolio & business footmark. The ongoing COVID-19 pandemic hindered the healthcare systems worldwide and driven market players to update products for unexploited prospects. Some of the key players operating in the global compression therapy market include:

Cardinal Health
Julius Zorn GmbH
Hartmann AG
Medi GmbH & Co.
SIGVARIS
BSN Medical GmbH
ArjoHuntleigh
3M Health Care
Spectrum Healthcare
Bio Compression Systems, Inc.
Stryker
Gottfried Medical
Other players

Some of the Recent Developments:

In April 2022, Koya Medical launched the Dayspring active compression device in the United States. Koya developed the Dayspring compression device to treat lymphedema and venous disorders in the lower limbs. It is a soft, breathable mesh garment with Koya’s exclusive Flexframe technology, which usages spring-like parts to generate compression.
In June 2022, Stryker declared the opening of its new research & development facility in India. The 150,000-square-foot facility intends to help accelerate innovation in India and across the globe.

Segments

By Product Technology

Static Compression Therapy
Dynamic Compression Therapy

By Product

Compression Pumps
Compression Stockings
Compression Bandages
Compression Tape

By Application

Varicose Vein Treatment
Deep Vein Thrombosis Treatment
Lymphedema Treatment
Leg Ulcer Treatment
Others

By Distribution Channel

Clinics and Hospitals
E-commerce platforms
Retailers and Pharmacies
Homecare

By Geography

North America
- S.
- Canada
- Mexico
Europe
- K.
- Germany
- France
- Italy
- Spain
- Russia
Asia-Pacific
- Japan
- China
- India
- Australia
- South Korea
- ASEAN
Latin America
- Brazil
- Argentina
- Colombia
MEA
- South Africa
- Saudi Arabia
- UAE
- Egypt

Global Compression Therapy Introduction and Market Overview
- Objectives of the Study
- Global Compression Therapy Scope and Market Estimation
  - Global Compression Therapy Overall Market Size, Revenue (US$ Mn), Market CAGR (%), Market forecast (2023 – 2032)
  - Global Compression Therapy Revenue Share (%) and Growth Rate (Y-o-Y) from 2019 – 2032
- Market Segmentation
  - Technology of Global Compression Therapy
  - Product of Global Compression Therapy
  - Application of Global Compression Therapy
  - Distribution Channel of Global Compression Therapy
  - Region of Global Compression Therapy

Executive Summary
Market Factor Analysis
- Global Compression Therapy Industry Trends under COVID-19 Outbreak
  - Global COVID-19 Status Overview
  - Influence of COVID-19 Outbreak on Global Compression Therapy Industry Development
- Market Dynamics, By Region
  - Drivers
  - Limitations
  - Opportunities
  - Impact Analysis of Drivers and Restraints
- Ecosystem / Value Chain Analysis
  - Raw Materials / Components Suppliers
  - Manufacturers / Vendors
  - Distributors
  - Buyers / End-users
  - Forward Integration & Backward Integration of Key Stakeholders
- Global Compression Therapy – Pricing Trends Analysis & Average Selling Prices (ASPs)
- End-User / Customer Preferences & Consumer Surveys
- Technology Roadmap & Key Innovations /Developments
- Key Mandates & Regulatory Scenario Analysis
- Patents Landscape
- Manufacturing Cost Structure Share Analysis
- Key Mergers & Acquisitions, Expansions, JVs, Funding / VCs, etc.
- Porter’s Five Forces Analysis
  - Bargaining Power of Suppliers
  - Bargaining Power of Buyers
  - Threat of Substitutes
  - Threat of New Entrants
  - Competitive Rivalry
- PEST Analysis
  - Political Factors
  - Economic Factors
  - Social Factors
  - Technological Factors
- SWOT Analysis
- Russia-Ukraine War Impacts Analysis
- ANSOFF Matrix
  - Market Penetration Strategy
  - Product Development Strategy
  - Market Development Strategy
  - Diversification Strategy
- Inflation Impacts Analysis
  - Supply Side Impacts
  - Demand Side Impacts
  - Outlook in 2023 & Beyond
- Market Investment Feasibility Analysis
- Opportunity Map Analysis
- Market Investment Opportunity Analysis (Top Investment Pockets), By Segments & By Regions
Global Compression Therapy Estimates & Historical Trend Analysis (2019 – 2022)
Global Compression Therapy Estimates & Forecast Trend Analysis, by Technology
- Global Compression Therapy Revenue (US$ Mn) Estimates and Forecasts, by Technology, 2019 to 2032
- Static Compression Therapy
- Dynamic Compression Therapy
Global Compression Therapy Estimates & Forecast Trend Analysis, by Product
- Global Compression Therapy Revenue (US$ Mn) Estimates and Forecasts, by Product, 2019 to 2032
- Compression Pumps
- Compression Stockings
- Compression Bandages
- Compression Tape
- Others
Global Compression Therapy Estimates & Forecast Trend Analysis, by Application
- Global Compression Therapy Revenue (US$ Mn) Estimates and Forecasts, by Application, 2019 to 2032
- Varicose Vein Treatment
- Deep Vein Thrombosis Treatment
- Lymphedema Treatment
- Leg Ulcer Treatment
- Others
Global Compression Therapy Estimates & Forecast Trend Analysis, by Distribution Channel
- Global Compression Therapy Revenue (US$ Mn) Estimates and Forecasts, by Distribution Channel, 2019 to 2032
- Clinics and Hospitals
- E-commerce platforms
- Retailers and Pharmacies
- Homecare
Global Compression Therapy Estimates & Forecast Trend Analysis, by Region
- Global Antibody-Drug Conjugates Market Revenue (US$ Mn) Estimates and Forecasts, by Region, 2019 to 2032
  - North America
  - Europe
  - Asia Pacific
  - Middle East & Africa
  - South America

North America Compression Therapy: Estimates & Forecast Trend Analysis
- North America Antibody-Drug Conjugates Market Assessments & Key Findings
  - Compression Therapy Introduction
  - Compression Therapy Size Estimates and Forecast (US$ Million) (2019 – 2031)
    - By Indication
    - By Type
    - By Dosage Forms
    - By Route of Administration
    - By Distribution Channel
    - By End User
    - By Country
      - The U.S.
      - Canada
      - Mexico

Europe Compression Therapy: Estimates & Forecast Trend Analysis
- Europe Compression Therapy Assessments & Key Findings
  - Compression Therapy Introduction
  - Compression Therapy Size Estimates and Forecast (US$ Million) (2019 – 2031)
    - By Technology
    - By Product
    - By Distribution Channel
    - By Application
    - By Country
      - Germany
      - K.
      - France
      - Italy
      - Spain
      - Russia
      - Rest of Europe

Asia Pacific Compression Therapy: Estimates & Forecast Trend Analysis
- Asia Pacific Market Assessments & Key Findings
  - Compression Therapy Introduction
  - Compression Therapy Size Estimates and Forecast (US$ Million) (2019 – 2031)
    - By Technology
    - By Product
    - By Distribution Channel
    - By Application
    - By Country
      - China
      - Japan
      - India
      - Australia
      - South Korea
      - ASEAN
      - Rest of Asia Pacific

Middle East & Africa Compression Therapy: Estimates & Forecast Trend Analysis
- Middle East & Africa Market Assessments & Key Findings
  - Compression Therapy Introduction
  - Compression Therapy Size Estimates and Forecast (US$ Million) (2019 – 2031)
    - By Technology
    - By Product
    - By Distribution Channel
    - By Application
    - By Country
      - A.E.
      - Saudi Arabia
      - Egypt
      - South Africa
      - Rest of Middle East & Africa

South America Compression Therapy: Estimates & Forecast Trend Analysis
- South America Market Assessments & Key Findings
  - Compression Therapy Introduction
  - Compression Therapy Size Estimates and Forecast (US$ Million) (2019 – 2031)
    - By Technology
    - By Product
    - By Distribution Channel
    - By Application
    - By Country
      - Brazil
      - Argentina
      - Colombia
      - Rest of South America

Competition Landscape
- Compression Therapy Competition Index, By Leading Players
- Compression Therapy Competition White Space Analysis, By Application / End-user
- Compression Therapy Competition Heat Map Analysis, By Products / Services / Solutions
- Compression Therapy Competition Regional Intensity Map Analysis, By Geographies Served
- Compression Therapy Concentration & Company Market Shares (%) Analysis, 2022
- Compression Therapy Competition Quadrant Analysis, By Leading Players / Innovators / Emerging Players / New Entrants
Company Profiles
- Cardinal Health
  - Company Overview & Key Stats
  - Financial Performance & KPIs
  - Product / Service / Solutions Portfolio & Applications / End-uses
  - Business Strategy & Recent Developments

* Similar details would be provided for all the players mentioned below

Julius Zorn GmbH
Hartmann AG
Medi GmbH & Co.
SIGVARIS
BSN Medical GmbH
ArjoHuntleigh
3M Health Care
Spectrum Healthcare
Bio Compression Systems, Inc.
Stryker
Gottfried Medical
Others

Research Methodology
- External Sources / Databases
- Internal Proprietary Database
- Primary Research
- Secondary Research
- Assumptions
- Limitations
- Report FAQs
Research Findings & Conclusion

Quick Contact

+13217109863

info@markettreeresearch.com

Compression Therapy Market

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