Global Compression Therapy Market Segmentation, 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 2031.
Compression Therapy Market Analysis
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.
Compression Therapy Market Size
Global compression therapy market size was valued at USD 3.35 billion in 2023 and is projected to reach USD 5.22 billion by 2031, with a CAGR of 5.7% during the forecast period of 2024 to 2031.
Report Scope and Market Segmentation
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Attributes
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Compression Therapy Key Market Insights
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Segmentation
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Countries Covered
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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
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Key Market Players
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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)
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Compression Therapy 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.
Compression Therapy Market Scope
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
Product
- Compression Garments
- Compression Stockings
- Compression Bandages
- Wraps
- Others
- 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
Compression Therapy Market Regional Analysis
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.
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.
Compression Therapy Market Leaders Operating in the 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)
Latest Development in Compression Therapy Market
- 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.
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