The compression therapy market was valued at $3.2 billion in 2021, and is estimated to reach $5.4 billion by 2031, growing at a CAGR of 5.4% from 2022 to 2031.
Compression therapy is a common treatment to help improve blood flow in the lower legs. It usually involves the use of elastic stockings or wraps. The elastic provides compression on the legs, ankles and feet. This helps prevent blood from pooling and fluid from building up in these areas. The compression therapy device includes compression stockings that go up to the knee and are the most common type of compression apparel. If swelling extends above the knee, patients may need longer stockings or tights that come up to the waist. Manufacturers rate compression socks based on how much pressure they provide. The amount of compression that is needed depends on the condition. The units for measuring compression are mmHg, or millimeters of mercury. There is no standard scale for rating compression stockings. These products gently squeeze the leg, which helps blood flow faster and keep moving in the right direction. Pressure from compression socks can keep fluid from leaking out of small blood vessels in the legs. It can help prevent swelling when people must sit or stand still for long periods such as some people who wear them on long airplane flights or if they stand on their feet a lot at work.
The growth of the compression therapy market is driven by surge in incidence of injuries related to sports activities, increase in availability & affordability of various types of compression products, and incidences of conditions such as varicose veins that help to increase the demand for compression products. For instance, according to the data published on Cureus, Part of Springer Nature, the population-based study was conducted in Russia in 2020 on the prevalence of chronic venous disease (CVD), it reported that 29% of individuals of which 31.5% of men, 27.5% of women were found to have primary varicose veins. Moreover, large medical technology firms all over the world are increasingly focusing on acquiring companies that provide solutions for compression therapy, which is expected to notably contribute toward the market growth. Prominent players in the global compression therapy market have adopted various strategies such as product launches, acquisition, and investments in R&D for advancement in compression therapy, to strengthen their position in the market and sustain the competitive environment.
A significant increase in awareness about the advantages of compression products and technological advancements in compression therapy, and an increase in the number of accidents and trauma are some of the key factors driving the growth of the market. However, availability of alternative treatments for compression therapy and lack of awareness regarding compression therapies in population hamper restricts the market growth. Conversely, increased application of compression therapy among the geriatric population is expected to provide lucrative opportunities for the growth of the market in the near future. Extensive R&D activities in the field of compression therapy along with significant improvement in medical infrastructure are anticipated to open new avenues for the expansion of the market.
The compression therapy market is segmented into technique, application, distribution channel and region. On the basis of technique, the market is classified into static compression therapy and dynamic compression therapy. Static compression therapy is further classified as static garments and compression braces. Dynamic compression therapy is classified as dynamic garments and compression pumps. On the basis of application, the market is classified into varicose vein treatment, deep vein thrombosis treatment, lymphedema treatment, leg ulcer treatment, and other applications. On the basis of distribution channel, the market is classified as hospital pharmacies, retail pharmacies, E-Commerce and others. Region wise, the market is studied across North America (the U.S., Canada, and Mexico), Europe (Germany, France, UK, Italy, Spain, and Rest of Europe), Asia-Pacific (Japan, China, Australia, India, South Korea and rest of Asia-Pacific), and LAMEA (Brazil, South Africa, Saudi Arabia, and rest of LAMEA).
Major companies profiled in the report include 3M Company, Medtronic PLC, Bio Compression Systems, Inc., BSN Medical, Medi GmbH and Co. K, Paul Hartmann AG, Smith and Nephew PLC., Cardinal Health, Inc., Sigvaris, Sanyleg S.R.L.
Compression therapy is a common treatment to help improve blood flow in the lower legs. It usually involves the use of elastic stockings or wraps. The elastic provides compression on the legs, ankles and feet. This helps prevent blood from pooling and fluid from building up in these areas. The compression therapy device includes compression stockings that go up to the knee and are the most common type of compression apparel. If swelling extends above the knee, patients may need longer stockings or tights that come up to the waist. Manufacturers rate compression socks based on how much pressure they provide. The amount of compression that is needed depends on the condition. The units for measuring compression are mmHg, or millimeters of mercury. There is no standard scale for rating compression stockings. These products gently squeeze the leg, which helps blood flow faster and keep moving in the right direction. Pressure from compression socks can keep fluid from leaking out of small blood vessels in the legs. It can help prevent swelling when people must sit or stand still for long periods such as some people who wear them on long airplane flights or if they stand on their feet a lot at work.
The growth of the compression therapy market is driven by surge in incidence of injuries related to sports activities, increase in availability & affordability of various types of compression products, and incidences of conditions such as varicose veins that help to increase the demand for compression products. For instance, according to the data published on Cureus, Part of Springer Nature, the population-based study was conducted in Russia in 2020 on the prevalence of chronic venous disease (CVD), it reported that 29% of individuals of which 31.5% of men, 27.5% of women were found to have primary varicose veins. Moreover, large medical technology firms all over the world are increasingly focusing on acquiring companies that provide solutions for compression therapy, which is expected to notably contribute toward the market growth. Prominent players in the global compression therapy market have adopted various strategies such as product launches, acquisition, and investments in R&D for advancement in compression therapy, to strengthen their position in the market and sustain the competitive environment.
A significant increase in awareness about the advantages of compression products and technological advancements in compression therapy, and an increase in the number of accidents and trauma are some of the key factors driving the growth of the market. However, availability of alternative treatments for compression therapy and lack of awareness regarding compression therapies in population hamper restricts the market growth. Conversely, increased application of compression therapy among the geriatric population is expected to provide lucrative opportunities for the growth of the market in the near future. Extensive R&D activities in the field of compression therapy along with significant improvement in medical infrastructure are anticipated to open new avenues for the expansion of the market.
The compression therapy market is segmented into technique, application, distribution channel and region. On the basis of technique, the market is classified into static compression therapy and dynamic compression therapy. Static compression therapy is further classified as static garments and compression braces. Dynamic compression therapy is classified as dynamic garments and compression pumps. On the basis of application, the market is classified into varicose vein treatment, deep vein thrombosis treatment, lymphedema treatment, leg ulcer treatment, and other applications. On the basis of distribution channel, the market is classified as hospital pharmacies, retail pharmacies, E-Commerce and others. Region wise, the market is studied across North America (the U.S., Canada, and Mexico), Europe (Germany, France, UK, Italy, Spain, and Rest of Europe), Asia-Pacific (Japan, China, Australia, India, South Korea and rest of Asia-Pacific), and LAMEA (Brazil, South Africa, Saudi Arabia, and rest of LAMEA).
Major companies profiled in the report include 3M Company, Medtronic PLC, Bio Compression Systems, Inc., BSN Medical, Medi GmbH and Co. K, Paul Hartmann AG, Smith and Nephew PLC., Cardinal Health, Inc., Sigvaris, Sanyleg S.R.L.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the compression therapy market analysis from 2021 to 2031 to identify the prevailing compression therapy market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the compression therapy market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global compression therapy market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Distribution channel
- Hospital pharmacies
- Retail pharmacies
- E- commerce
- Others
By Technique
- Static Compression Therapy
- Product type
- Static garments
- Compression Braces
- Dynamic Compression Therapy
- Product type
- Dynamic Garments
- Compression Pumps
By Application
- Lymphedema Treatment
- Leg Ulcer Treatment
- Other Applications
- Varicose Vein Treatment
- Deep Vein Thrombosis Treatment
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- LAMEA
- Brazil
- Saudi Arabia
- South Africa
- Rest of LAMEA
Key Market Players
- Cardinal Health Inc.
- 3M
- Tactile Medical
- Gottfried Medical, Inc.
- Arjo
- Sigvaris Group
- Convatec Group PLC
- Spectrum Healthcare
- Juzo
- Biocompression Systems
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Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: COMPRESSION THERAPY MARKET, BY TECHNIQUE
CHAPTER 5: COMPRESSION THERAPY MARKET, BY APPLICATION
CHAPTER 6: COMPRESSION THERAPY MARKET, BY DISTRIBUTION CHANNEL
CHAPTER 7: COMPRESSION THERAPY MARKET, BY REGION
CHAPTER 8: COMPETITIVE LANDSCAPE
CHAPTER 9: COMPANY PROFILES
List of Tables
List of Figures
Executive Summary
According to the report titled, “Compression Therapy Market," the compression therapy market was valued at $3.2 billion in 2021, and is estimated to reach $5.4 billion by 2031, growing at a CAGR of 5.4% from 2022 to 2031.Compression therapy is a common treatment to help improve blood flow in lower legs. Pressure from compression therapy products can keep fluid from leaking out of small blood vessels in the legs. It can help prevent swelling when in the position of sitting or standing for long periods of time. Compression therapy can keep blood from pooling in the legs, which is what causes orthostatic hypotension.
Key factors driving the growth of the compression therapy market include the rise in the prevalence of target diseases like lymphedema, deep-vein thrombosis and varicose veins, surge in geriatric population and growing adoption of compression therapy systems to facilitate faster treatment of chronic diseases. Moreover, increasing incidence of chronic diseases, rise in demand for health care services and continuous developments in the field of compression therapy are expected to notably contribute toward the market growth. Furthermore, the global compression therapy market growth is largely driven by factors such as an increase in advancements of medical technology which is expected to surely lead to the growth of the market. Prominent players in the global compression therapy market have opted various strategies such as product launch, acquisition, and investments in R&D for advancement in compression therapy to strengthen their position in the market and sustain the competitive environment. A significant increase in awareness about the advantages of compression therapy and increase in the usage of compression therapy in treatment of the sports injuries and rise in the number of patients suffering from leg veins diseases are some of the key factors driving the growth of the market.
However, availability of alternative treatments to compression therapy and poor patient compliance with the use of compression therapy products hamper restricts the market growth. Conversely, the increase in the sales of compression therapy products through online platform has changed the market dynamics in the forecast period and is expected to provide lucrative opportunities for the growth of the market. Extensive R&D activities in the field of compression therapy along with significant improvement in medical supplies are anticipated to open new avenues for the expansion of the market.
The global compression therapy market is segmented based on technique, application, distribution channel and region. On the basis of technique, the market is classified into static compression therapy and dynamic compression therapy. Static compression therapy is further classified as static garments and compression braces. Dynamic compression therapy is classified as dynamic garments and compression pumps. On the basis of application, the market is classified into varicose vein treatment, deep vein thrombosis treatment, lymphedema treatment, leg ulcer treatment, and other applications. On the basis of distribution channel, the market is classified as hospital pharmacies, retail pharmacies, E-commerce and others. Region wise, the market is studied across North America (the U.S., Canada, and Mexico), Europe (Germany, France, UK, Italy, Spain, and Rest of Europe), Asia-Pacific (Japan, China, Australia, India, South Korea and rest of Asia-Pacific), and LAMEA (Brazil, South Africa, Saudi Arabia, and rest of LAMEA).
The key players profiled in the study include 3M Company, Tactile Medical, Gottfried Medical Inc., Arjo, Sigvaris Group, Convatec Group PLC, Spectrum Healthcare, Juzo, Bio Compression Systems, Inc., Cardinal Health, Inc. The players in the market have been actively engaged in the adoption various strategies such as acquisition, product launch, partnership, product approval and product development to remain competitive and gain an advantage over the competitors in the market. For instance, in April 2022, Koya Medical, announced the U.S. commercial availability of its Dayspring active compression system for the treatment of lymphedema and venous diseases in lower extremities. The company also announced that the CMS issued three new billing codes in accordance with the HCPCS for the Dayspring active compression system. Dayspring is the first non-pneumatic active dynamic compression treatment cleared by the U.S. Food and Drug Administration (FDA).
Key Market Insights
- By technique, the static compression therapy segment was the highest revenue contributor to the market and is estimated to continue this during the analysis period, with a CAGR of 5.2%. However, the dynamic compression therapy segment is estimated to be the fastest-growing segment with a CAGR of 5.6% during the forecast period.
- By application, the varicose vein treatment segment was the highest revenue contributor to the market and is estimated to continue this during the analysis period, with a CAGR of 4.9%. However, the lymphedema treatment segment is estimated to be the fastest-growing segment with a CAGR of 6.1% during the forecast period.
- By distribution channel, the retail pharmacies segment was the highest revenue contributor to the market and is estimated to continue this during the analysis period, with a CAGR of 5.2%. Moreover, the E-commerce segment is estimated to be the fastest-growing segment with a CAGR of 6.0% during the forecast period.
- Based on region, North America garnered the largest revenue share in 2021, whereas Asia-Pacific is anticipated to grow at the highest CAGR of 6.7% during the forecast period.
Companies Mentioned
- Cardinal Health Inc.
- 3M
- Tactile Medical
- Gottfried Medical, Inc.
- Arjo
- Sigvaris Group
- Convatec Group PLC
- Spectrum Healthcare
- Juzo
- Biocompression Systems
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 400 |
| Published | February 2023 |
| Forecast Period | 2021 - 2031 |
| Estimated Market Value ( USD | $ 3.2 billion |
| Forecasted Market Value ( USD | $ 5.4 billion |
| Compound Annual Growth Rate | 5.4% |
| Regions Covered | Global |
| No. of Companies Mentioned | 10 |
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