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Compression Therapy Market Report and Forecast 2023-2031

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    Report

  • 140 Pages
  • June 2023
  • Region: Global
  • Expert Market Research
  • ID: 5855140
The global compression therapy market attained a value of USD 3.5 billion in 2022, driven by the growing number of orthopaedic procedures due to a significant rise in the number of accidents and the obese population globally. The market is expected to grow at a CAGR of 5.44% during the forecast period of 2023-2031 to attain a value of USD 5.6 billion by 2031.

Compression Therapy: Introduction

Compression therapy refers to the therapeutic technique that involves applying external pressure to specific areas of the body, typically using specialized garments or devices. The pressure exerted by compression therapy helps improve blood circulation, reduce swelling, and support the affected tissues. It is commonly used to manage various medical conditions and promote overall wellness.

The uses of compression therapy include:

  • Venous Insufficiency: Compression therapy is widely used to manage venous insufficiency, a condition characterized by the impaired flow of blood from the legs back to the heart. Compression garments or bandages are applied to the lower limbs to exert pressure on the veins, improving blood circulation, reducing oedema (swelling), and alleviating symptoms such as pain, heaviness, and leg fatigue
  • Deep Vein Thrombosis (DVT): Compression therapy plays a critical role in the prevention and treatment of deep vein thrombosis (DVT), which is the formation of blood clots in the deep veins, usually in the legs. Compression stockings or wraps help promote blood flow, prevent clot formation, and reduce the risk of complications, such as pulmonary embolism
  • Lymphedema: Compression therapy is a key component in the management of lymphedema, a condition characterized by the accumulation of lymphatic fluid in tissues, typically in the arms or legs. By applying external pressure, compression garments facilitate the movement of lymph fluid, reduce swelling, and improve lymphatic drainage, thereby alleviating symptoms and promoting tissue healing
  • Wound Healing: Compression therapy is utilized in the management of chronic wounds, such as venous ulcers or diabetic foot ulcers. The application of compression garments or bandages aids in reducing oedema, improving blood flow to the wound site, and promoting tissue healing
  • Sports and Recovery: Compression garments are increasingly used by athletes and individuals engaged in physical activities to enhance performance, reduce muscle fatigue, and improve post-exercise recovery. The graduated compression provided by these garments supports the muscles, improves blood flow, and helps remove metabolic waste products, thereby promoting faster recovery and reducing muscle soreness

The benefits of compression therapy include:

  • Improved Circulation: Compression therapy enhances blood flow by exerting pressure on the veins, helping to prevent blood pooling, promoting venous return, and improving overall circulation. This can alleviate symptoms related to poor circulation and reduce the risk of complications associated with circulatory disorders
  • Reduced Swelling and Edema: Compression therapy aids in the reduction of swelling and edema by facilitating the movement of fluid from the affected area back into circulation or the lymphatic system. This can help relieve discomfort, improve mobility, and support tissue healing
  • Pain Relief: Compression therapy can provide pain relief by reducing inflammation and swelling, which often contribute to pain in conditions such as venous insufficiency, lymphedema, or musculoskeletal injuries. The application of external pressure can alleviate pain symptoms and improve overall comfort
  • Support and Stability: Compression garments offer support and stability to muscles, joints, and tissues. This can be particularly beneficial during physical activity, aiding in muscle performance, reducing the risk of injuries, and promoting faster recovery after exercise or sports-related activities
  • Enhanced Wound Healing: Compression therapy assists in wound healing by improving blood flow to the affected area, supporting tissue oxygenation, and promoting the removal of waste products. This can accelerate the healing process, reduce the risk of infection, and optimize overall wound care
It is important to note that the application and duration of compression therapy should be determined based on the specific condition and individual needs. Proper assessment, fitting, and guidance from healthcare professionals are essential to ensure the safe and effective use of compression therapy.

Compression Therapy Market Segmentations

The market can be categorised into technology, application, products, and region.

Market Breakup by Technology

  • Static Compression Therapy
  • Dynamic Compression Therapy

Market Breakup by Application

  • Venous Leg Ulcers
  • Deep Vein Thrombosis Treatment
  • Lymphedema Treatment
  • Other Applications

Market Breakup by Products

  • Compression Garments
  • Compression Pumps
  • Compression Braces
Compression Therapy Market Breakup by Region
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

Compression Therapy Market Overview

The compression therapy market has experienced significant growth and is expected to continue expanding in the coming years. Several factors contribute to the positive market scenario.

One of the primary drivers of market growth is the increasing prevalence of chronic venous diseases and other circulatory disorders. Conditions such as venous insufficiency, deep vein thrombosis (DVT), lymphedema, and leg ulcers are becoming more prevalent, driven by factors such as sedentary lifestyles, aging populations, and the rising incidence of obesity. Compression therapy serves as a fundamental treatment modality for managing these conditions, leading to a growing demand for compression garments and devices.

Moreover, rising awareness about the benefits of compression therapy among both healthcare professionals and patients has contributed to market expansion. Increased education and access to information have improved understanding of the therapeutic benefits of compression therapy in improving blood circulation, reducing oedema, and alleviating associated symptoms. This has led to greater acceptance and adoption of compression therapy among individuals with chronic venous and lymphatic conditions.

Furthermore, advancements in compression garment technology and the development of innovative products have fuelled market growth. Manufacturers are introducing new materials, improved designs, and customized compression garments to enhance comfort, compliance, and therapeutic efficacy. Additionally, technological advancements have led to the development of wearable devices and smart compression systems that provide real-time monitoring and feedback, further improving patient outcomes and convenience.

In conclusion, the compression therapy market is poised for significant growth due to the increasing prevalence of chronic venous and lymphatic conditions, rising awareness, technological advancements, and expanding applications in sports and fitness. As the demand for effective and comfortable compression therapy continues to rise, there will be a focus on developing innovative products, improving accessibility, and enhancing patient outcomes. Continued investment in research, education, and product development will shape the future of the compression therapy market.

Key players in the global compression therapy market

The key features of the market report include patent analysis, grants analysis, clinical trials analysis, funding and investment analysis, partnerships, and collaborations analysis by the leading key players. The major companies in the compression therapy market are as follows:
  • 3M
  • Paul Hartmann AG
  • Smith & Nephew PLC
  • Medline Industries
  • DJO Global
  • Bio Compression Systems
  • Cardinal Health
  • Arjo
  • BSN Medical
  • Medi gmbh
  • Tactile Medical
  • Medtronic Plc
*The publisher always strives to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.

Table of Contents

1 Preface
1.1 Objectives of the Study
1.2 Key Assumptions
1.3 Report Coverage - Key Segmentation and Scope
1.4 Research Methodology
2 Executive Summary
3 Global Compression Therapy Market Overview
3.1 Global Compression Therapy Market Historical Value (2016-2022)
3.2 Global Compression Therapy Market Forecast Value (2023-2031)
4 Global Compression Therapy Market Dynamics
4.1 Market Drivers and Constraints
4.2 SWOT Analysis
4.3 Porter’s Five Forces Model
4.4 Key Demand Indicators
4.5 Key Price Indicators
4.6 Industry Events, Initiatives, and Trends
4.7 Value Chain Analysis
5 Global Compression Therapy Market Segmentation
5.1 Global Compression Therapy Market by Technology
5.1.1 Market Overview
5.1.2 Static Compression Therapy
5.1.3 Dynamic Compression Therapy
5.2 Global Compression Therapy Market by Application
5.2.1 Market Overview
5.2.2 Venous Leg Ulcers
5.2.3 Deep Vein Thrombosis Treatment
5.2.4 Lymphedema Treatment
5.2.5 Other Applications
5.3 Global Compression Therapy Market by Products
5.3.1 Market Overview
5.3.2 Compression Garments
5.3.3 Compression Pumps
5.3.4 Compression Braces
5.4 Global Compression Therapy Market by Region
5.4.1 Market Overview
5.4.2 North America
5.4.3 Europe
5.4.4 Asia Pacific
5.4.5 Latin America
5.4.6 Middle East and Africa
6 North America Compression Therapy Market
6.1 Market Share by Country
6.2 United States of America
6.3 Canada
7 Europe Compression Therapy Market
7.1 Market Share by Country
7.2 United Kingdom
7.3 Germany
7.4 France
7.5 Italy
7.6 Others
8 Asia Pacific Compression Therapy Market
8.1 Market Share by Country
8.2 China
8.3 Japan
8.4 India
8.5 ASEAN
8.6 Australia
8.7 Others
9 Latin America Compression Therapy Market
9.1 Market Share by Country
9.2 Brazil
9.3 Argentina
9.4 Mexico
9.5 Others
10 Middle East and Africa Compression Therapy Market
10.1 Market Share by Country
10.2 Saudi Arabia
10.3 United Arab Emirates
10.4 Nigeria
10.5 South Africa
10.6 Others
11 Regulatory Framework
11.1 Regulatory Overview
11.1.1 US FDA
11.1.2 EU EMA
11.1.3 INDIA CDSCO
11.1.4 JAPAN PMDA
11.1.5 Others
12 Patent Analysis
12.1 Analysis by Type of Patent
12.2 Analysis by Publication year
12.3 Analysis by Issuing Authority
12.4 Analysis by Patent Age
12.5 Analysis by CPC Analysis
12.6 Analysis by Patent Valuation
12.7 Analysis by Key Players
13 Grants Analysis
13.1 Analysis by year
13.2 Analysis by Amount Awarded
13.3 Analysis by Issuing Authority
13.4 Analysis by Grant Application
13.5 Analysis by Funding Institute
13.6 Analysis by NIH Departments
13.7 Analysis by Recipient Organization
14 Clinical Trials Analysis
14.1 Analysis by Trial Registration Year
14.2 Analysis by Trial Status
14.3 Analysis by Trial Phase
14.4 Analysis by Therapeutic Area
14.5 Analysis by Geography
15 Funding and Investment Analysis
15.1 Analysis by Funding Instances
15.2 Analysis by Type of Funding
15.3 Analysis by Funding Amount
15.4 Analysis by Leading Players
15.5 Analysis by Leading Investors
15.6 Analysis by Geography
16 Partnership and Collaborations Analysis
16.1 Analysis by Partnership Instances
16.2 Analysis by Type of Partnership
16.3 Analysis by Leading Players
16.4 Analysis by Geography
17 Supplier Landscape
17.1 3M
17.1.1 Financial Analysis
17.1.2 Product Portfolio
17.1.3 Demographic Reach and Achievements
17.1.4 Mergers and Acquisitions
17.1.5 Certifications
17.2 Paul Hartmann AG
17.2.1 Financial Analysis
17.2.2 Product Portfolio
17.2.3 Demographic Reach and Achievements
17.2.4 Mergers and Acquisitions
17.2.5 Certifications
17.3 Smith & Nephew PLC
17.3.1 Financial Analysis
17.3.2 Product Portfolio
17.3.3 Demographic Reach and Achievements
17.3.4 Mergers and Acquisitions
17.3.5 Certifications
17.4 Medline Industries
17.4.1 Financial Analysis
17.4.2 Product Portfolio
17.4.3 Demographic Reach and Achievements
17.4.4 Mergers and Acquisitions
17.4.5 Certifications
17.5 DJO Global
17.5.1 Financial Analysis
17.5.2 Product Portfolio
17.5.3 Demographic Reach and Achievements
17.5.4 Mergers and Acquisitions
17.5.5 Certifications
17.6 Bio Compression Systems
17.6.1 Financial Analysis
17.6.2 Product Portfolio
17.6.3 Demographic Reach and Achievements
17.6.4 Mergers and Acquisitions
17.6.5 Certifications
17.7 Cardinal Health
17.7.1 Financial Analysis
17.7.2 Product Portfolio
17.7.3 Demographic Reach and Achievements
17.7.4 Mergers and Acquisitions
17.7.5 Certifications
17.8 Arjo
17.8.1 Financial Analysis
17.8.2 Product Portfolio
17.8.3 Demographic Reach and Achievements
17.8.4 Mergers and Acquisitions
17.8.5 Certifications
17.9 BSN Medical
17.9.1 Financial Analysis
17.9.2 Product Portfolio
17.9.3 Demographic Reach and Achievements
17.9.4 Mergers and Acquisitions
17.9.5 Certifications
17.10 Medi gmbh
17.10.1 Financial Analysis
17.10.2 Product Portfolio
17.10.3 Demographic Reach and Achievements
17.10.4 Mergers and Acquisitions
17.10.5 Certifications
17.11 Tactile Medical
17.11.1 Financial Analysis
17.11.2 Product Portfolio
17.11.3 Demographic Reach and Achievements
17.11.4 Mergers and Acquisitions
17.11.5 Certifications
17.12 Medtronic Plc
17.12.1 Financial Analysis
17.12.2 Product Portfolio
17.12.3 Demographic Reach and Achievements
17.12.4 Mergers and Acquisitions
17.12.5 Certifications
18 Key Opinion Leaders (KOL) Insights (Additional Insight)
19 Company Competitiveness Analysis (Additional Insight)
19.1 Very Small Companies
19.2 Small Companies
19.3 Mid-Sized Companies
19.4 Large Companies
19.5 Very Large Companies
20 Payment Methods (Additional Insight)
20.1 Government Funded
20.2 Private Insurance
20.3 Out-of-Pocket
  • *Additional insights provided are customisable as per client requirements.

Companies Mentioned

  • Johnson & Johnson
  • Medtronic Plc
  • Stryker Corporation
  • Terumo Corporation
  • ASAHI INTECC CO.
  • Penumbra
  • Acandis GmbH
  • Braun Melsungen AG
  • Integer Holdings Corporation
  • Microport Scientific CorporatiON
  • PHENOX GmbH

Methodology

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Table Information