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Global Compression Therapy Market - Industry Trends and Forecast to 2029

  • Healthcare
  • Upcoming Report
  • Apr 2022
  • Global
  • 350 Pages
  • No of Tables: 50
  • No of Figures: 250

Global Compression Therapy Market, By Technique (Static Compression Therapy, Dynamic Compression Therapy), Product (Compression Garments, Compression Tapes, Compression Pumps, Compression Braces, Compression Pumps), Application (Varicose Vein Treatment, Deep Vein Thrombosis Treatment, Lymphedema Treatment, Leg Ulcer Treatment, Others), End User (Pharmacies and Retailers, Hospitals and Clinics, E-Commerce Platforms)-Industry Trends and Forecast to 2029.

 

Compression Therapy Market

Market Analysis and Size

Compression therapy has long been a backbone of treatment for vascular management and treatment of wounds rising from venous insufficiency. Various benefits of compression therapy include edema management and enhanced venous return. Nonetheless, many patients cannot tolerate the stockings and compression bandages commonly used in this therapy.

The market for compression therapy is projected to be dominated by compression garments. This is primarily due to the widespread usage of compression garments for various causes, including varicose veins, edoema, DVT, and lymphedema, as well as the management of several chronic illnesses. Data Bridge Market Research analyses that the compression therapy market was valued at USD 3.0 billion in 2021 and is further estimated to reach USD 4.67 billion by 2029, and is expected to grow at a CAGR of 5.7% during the forecast period of 2022 to 2029.

Report Metric

Details

Forecast Period

2022 to 2029

Base Year

2021

Historic Years

2020 (Customizable to 2019 - 2014)

Quantitative Units

USD 4.67 billion by 2029

Segments Covered

Technique (Static Compression Therapy, Dynamic Compression Therapy), Product (Compression Garments, Compression Tapes, Compression Pumps, Compression Braces, Compression Pumps), Application (Varicose Vein Treatment, Deep Vein Thrombosis Treatment, Lymphedema Treatment, Leg Ulcer Treatment, Others), End User (Pharmacies and Retailers, Hospitals and Clinics, E-Commerce Platforms)

Countries Covered

U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America

Market Players Covered

medi GmbH & Co. KG (Germany), Medtronic plc (Ireland), SIGVARIS GROUP. (US), Juzo (Germany), PAUL HARTMANN AG (Germany), 3M (US), Spectrum Healthcare. (India), BIOCOMPRESSION SYSTEMS (US), Gottfried Medical, Inc. (US), BSN medical (Germany), Arjo. (Sweden), DJO, LLC (US), Tactile Medical (US), SANYLEG SRL a socio unico (Italy), Cardinal Health. (US), Devon Medical Products (US), THUASNE SAS (US), ACI Medical, LLC (US), Ofa Bamberg GmbH (Germany), Mego Afek A.C. ltd. (Israel), and Medline Industries, Inc. (US)

Market Opportunities

  • The availability of a large target patient population
  • The increased incidence of sports injuries and accidents.

Market Definition

Compression therapy is the application of specially tailored medical stockings to support veins and improve circulation in the legs. Healthcare providers issue these, and then medical supply employees measure the target leg to guarantee that the stockings have the maximal therapeutic impact.

Compression Therapy Market Dynamics

Drivers

  • Rise in the number of sports injuries and accidents

Compression therapy is becoming more popular due to variables such as the rising prevalence of sports injuries, traffic accidents, excessive weight gain or obesity, and the human body's long-term static nature.

  • Increase in the aging population

Growing in the geriatric population who are suffering from arthritis because of the occurrence of other chronic conditions including heart disease, diabetes, and obesity that need compression therapy in their daily life to lead a better life.

  • Recent technological developments

Rapid technological developments in the wound treatment, as well as an increase in the number of preventative and rehabilitative care clinics that use this type of therapy for patients.

Opportunities

In addition, the rise in the awareness among the patients related to the treatment options are further estimated to provide potential opportunities for the growth of the compression therapy market in the coming years.

Restraints/Challenges

On the other hand, the accessibility of substitute treatments is further projected to impede the growth of the compression therapy market in the targeted period. However, the reduced compliance because of the wearer discomfort might further challenge the growth of the compression therapy market in the near future.

This compression therapy market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the compression therapy market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

COVID-19 Impact on Compression Therapy Market

The COVID-19 had a negative impact on the compression therapy market. The healthcare industry is at the heart of this worldwide pandemic threat, which is predicted to have far-reaching long-term implications. Once the crisis is under control or fades, this is expected to drive countries and significant market actors to implement critical healthcare reforms. Along with the sharp drop in out-patient footfall, elective surgeries, and international patients, the private healthcare sector is facing twice the burden, investing additional manpower, equipment, consumables, and other resources to ensure 100 percent preparedness for safety in hospitals and the eventual treatment of patients. The epidemic has had an impact on the orthopaedics industry, as doctors are being reassigned to treat COVID-19 patients, limiting their ability to focus on ordinary patients.

Recent Development

  • In March, 2020, SIGVARIS AG, a Swiss compression therapy specialist, has introduced a new line of Coolflex devices to help patients with chronic vein illnesses, such as lymphatic disorders in the arm, heal faster.

Global Compression Therapy Market Scope and Market Size

The compression therapy market is segmented on the basis of technique, product, application and end user. The growth amongst these segments will help you analyze meager growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Technique

  • Static Compression Therapy
  • Dynamic Compression Therapy

On the basis of technique, the compression therapy market is segmented into static compression therapy and dynamic compression therapy.

Product

  • Compression Garments
  • Compression Tapes
  • Compression Pumps
  • Compression Braces
  • Compression Pumps

Based on product, the compression therapy market is segmented into compression garments, compression tapes, compression pumps, compression braces and compression pumps. Compression garments have further been sub segmented into compression stockings, compression bandages and wraps and others.

Application

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 others.

End User

  • Pharmacies and Retailers
  • Hospitals and Clinics
  • E-Commerce Platforms

On the basis of end user, the compression therapy market is segmented into pharmacies and retailers, hospitals and clinics and e-commerce platforms.

Compression Therapy Market Regional Analysis/Insights

The compression therapy market is analysed and market size insights and trends are provided by country, technique, product, application and end user as referenced above.

The countries covered in the compression therapy market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

North America dominates the compression therapy market due to the rise in the aging population and growing prevalence of chronic venous disorders and obesity. Furthermore, the occurrence of suitable government reimbursement will further boost the growth of the compression therapy market in the region during the forecast period.

Asia-Pacific is projected to observe significant amount of growth in the compression therapy market due to the rise in the investments on research and development by major key players. Moreover, continuous initiatives to commercialize products in comparison to a lower price is further anticipated to propel the growth of the compression therapy market in the region in the coming years.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Healthcare Infrastructure growth Installed base and New Technology Penetration

The compression therapy market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for compression therapy market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the compression therapy market. The data is available for historic period 2010-2020.

Competitive Landscape and Compression Therapy Market Share Analysis

The compression therapy market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to compression therapy market.

Some of the major players operating in the compression therapy market are:

  • medi GmbH & Co. KG (Germany)
  • Medtronic plc (Ireland)
  • SIGVARIS GROUP. (US)
  • Juzo (Germany)
  • PAUL HARTMANN AG (Germany)
  • 3M (US)
  • Spectrum Healthcare. (India)
  • BIOCOMPRESSION SYSTEMS (US)
  • Gottfried Medical, Inc. (US)
  • BSN medical (Germany)
  • Arjo. (Sweden)
  • DJO, LLC (US)
  • Tactile Medical (US)
  • SANYLEG SRL a socio unico (Italy)
  • Cardinal Health. (US)
  • Devon Medical Products (US)
  • THUASNE SAS (US)
  • ACI Medical, LLC (US)
  • Ofa Bamberg GmbH (Germany)
  • Mego Afek A.C. ltd. (Israel)
  • Medline Industries, Inc. (US)

Research Methodology: Global Compression Therapy Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

Customization Available

Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Factbook) or can assist you in creating presentations from the data sets available in the report.


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Frequently Asked Questions

The market value for Compression Therapy Market is expected USD 4.67 billion by 2029.
The Compression Therapy Market is to grow at a CAGR of 5.7% during the forecast by 2029
The availability of a large target patient population, as well as the increased incidence of sports injuries and accidents, are the primary drivers of this Compression Therapy Market's growth.
The major players operating in the Compression Therapy Market are medi GmbH & Co. KG (Germany), Medtronic plc (Ireland), SIGVARIS GROUP. (US), Juzo (Germany), PAUL HARTMANN AG (Germany), 3M (US), Spectrum Healthcare. (India), BIOCOMPRESSION SYSTEMS (US), Gottfried Medical, Inc. (US), BSN medical (Germany), Arjo. (Sweden), DJO, LLC (US), Tactile Medical (US), SANYLEG SRL a socio unico (Italy), Cardinal Health. (US), Devon Medical Products (US), THUASNE SAS (US), ACI Medical, LLC (US), Ofa Bamberg GmbH (Germany), Mego Afek A.C. ltd. (Israel), and Medline Industries, Inc. (US).