Global Compression Therapy Market

Global Compression Therapy Market Size, Share, Growth Analysis, By Product(Compression Pumps, Compression Garments), By Technique(Static Compression Therapy, Dynamic Compression Therapy) - Industry Forecast 2022-2028


Report ID: SQSG35G2019 | Region: Global | Published Date: November, 2022 | Pages: 165 | Tables: 62 | Figures: 76

Global Compression Therapy Market Insights

Global Compression Therapy Market was valued at USD 3.6 billion in 2021 and it is expected to reach at USD 4.91 billion by 2028, at a CAGR of 5.2% over the forecast period (2022-2028).

It is recommended to start compression therapy right away after an injury. In order to enhance muscle health, raise blood circulation throughout the body, and avoid the coagulation of fluids in the tissue space following accidental injuries, compression pumps and tapes are used. As a result, this therapy is being used more frequently to decrease swelling and inflammation after an injury or trauma.

The adoption rate of compression therapy is increasing as a result of the increase in orthopaedic surgeries. Compression therapy demand is also being driven by an increase in the prevalence of venous problems and an ageing population. Compression therapies are becoming more popular as a result of patients' increasing understanding of their available treatment alternatives. Additionally, the demand for items used in compression therapy is growing as a result of rising technical improvements.

Dissection of lymph nodes is a common component of cancer treatment, particularly for breast and prostate tumours. This interferes with the body's lymphatic system's filtration process. As a result, lymph fluid builds up and results in lymphedema, a severe swelling of the tissues or limbs. According to the National Institutes of Health, there are over 250 million people who have this illness worldwide. Compression therapy is one of the most often used lymphedema treatment methods, and as the prevalence of this ailment rises, so will the demand for these therapies.

Market snapshot

Global Market Size

USD 3.6 billion

Largest Segment

static compression therapy

Fastest Growth

static compression therapy

Growth Rate

5.2% CAGR

Global Compression Therapy Market, 2021-2028 ($ Bn)
Country Share for North America Region- 2021 (%)
Global Compression Therapy Market Size By Technique, 2021-2028 ($ Bn)
Global Compression Therapy Market Size By Technique, 2021-2028 (%)

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Global Compression Therapy Market Segmental Analysis

The global compression therapy market is segmented based on Product, Technique and Region. Based on Product it is segmented into Compression Pumps, Compression Garments, Compression Braces. Based on Technique it is segmented into: Static Compression Therapy , Dynamic Compression Therapy. Based on region it is categorized into: North America, Europe, Asia-Pacific, South America, and MEA.

Analysis by Product

Compression pumps, compression garment, and compression braces comprise three product segments that make up the global market for compression therapy. Compression bandages and wraps, compression stockings, and other compression garments are other categories of compression apparel. The market segment with the biggest estimated share belongs to compression garment. This is mostly due to the usage of compression garment for a variety of purposes, including the treatment of various chronic illnesses and the management of varicose veins, edoema, DVT, and lymphedema. Compression apparel's expanding use in sports medicine is another factor driving the segment's expansion. Due to the increasing frequency of chronic venous disorders, the rising incidence of cancer, and the increasing number of hip and knee replacement operations worldwide, compression pumps are projected to be the compression therapy market's fastest-growing product segment.

Analysis by Technology

The technological market was dominated by static compression therapy because of its high level of ease and user-friendliness. Due to these goods' better accessibility in the treatment of edoema and sports-related injuries to enable pain and pressure alleviation, they account for a significant position in this market.

Furthermore, it is assumed that the sizeable market share held by this sector is due to the increasing risk of lymphedema, deep vein thrombosis, and chronic venous insufficiency among the growing diabetic and geriatric population base. Additionally, there are groups that are always working to raise awareness of its applicability in particular circumstances.

Due to its advantages, such as external control, high venous return, and prolonged effect, dynamic compression therapy is anticipated to experience exponential growth throughout the course of the forecast period. Additionally, groups continuously work to raise awareness of its applicability in particular circumstances.

Global Compression Therapy Market By Technique, 2021 (%)

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Global Compression Therapy Market Regional Insights

North America is anticipated to hold the greatest market share for compression therapy in 2021. This is mostly due to the increase in orthopaedic and spinal operations, the rise in lymphedema, varicose veins, and DVT cases, the frequency of sports injuries, and the existence of several compression therapy product producers in the area.

According to Safe Kids Worldwide, a global organisation devoted to preventing child injuries, there are over 1.3 million incidents of sports-related injuries among children recorded each year in the United States. Compression therapy will be employed more frequently during the recovery phase as traffic accidents rise in this area, resulting in market expansion. The North American market for compression therapy devices is estimated to be valued US$ 1.3 billion and grow at a CAGR of 5.6% over the following few years.

In addition, it is anticipated that the rise in the obese population and the growing occurrence of diabetes would increase demand for compression gear, which will in turn propel the market for compression therapy devices in the years to come.

Due to the increased spending on R&D by prominent key players, Asia-Pacific is predicted to experience considerable growth in the compression therapy market. In the upcoming years, it is also projected that ongoing efforts to commercialise goods at a reduced cost will fuel the expansion of the compression therapy market in the region.

Global Compression Therapy Market By Geography, 2021-2028
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Global Compression Therapy Market Dynamics

Driver

  • There have been rapid technological advancements in the field of wound care, as well as an increase in the number of clinics offering prevention and rehabilitation services.
  • Due to factors including the increased incidence of sports injuries, auto accidents, excessive weight gain or obesity, and the long-term static nature of the human body, compression therapy is becoming more and more popular.
  • As more elderly folks become susceptible to various health-related problems, this supports the market's expansion. According to Age International, over the past 50 years, the average life expectancy has increased by almost 20 years. As a result, there are currently 962 million people over the age of 60, and by 2050, it's expected that number will increase to over 2 billion, or double the number seen in 2000. As they get older, their bodies require compression therapy, such as treatments for spinal compression fractures.

Restraint 

  • The market for compression therapy is expected to increase slowly throughout the targeted period due to the availability of alternative treatments. The market for compression therapy may face additional challenges in the near future due to lower compliance brought on by wearer discomfort.
  • The market for compression therapy might be constrained or hampered by the fact that people in poor nations still do not understand lymphedema or other unpleasant conditions.
  • The expansion of the compression therapy market may be hampered by an ineffective remuneration plan for therapy garments and compression devices.

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Global Compression Therapy Market Competitive Landscape

The main competitors in the compression therapy market are concentrating their efforts on expanding their worldwide and regional customer bases through acquisitions, mergers, and expansions. Companies in the compression therapy market use acquisition, regulatory clearances, and the introduction of new products as their main strategies. Key businesses are focusing their efforts on the creation of advanced and affordable products as well as on distribution deals to broaden their market reach, notably in Asia Pacific. In our Compression Therapy market reports, some of the leading Compression Therapy players are as follows: 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)

Top Players Company Profiles 

  • 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)

Recent Developments

  • In June 2022, a treatment for improved circulation and recovery is now available to athletes and consumers thanks to a collaboration between Mego Afek, a pioneer in sequential compression therapy with more than 40 years of experience, and Mueller Sports Medicine, a reputable leader in sports medicine for more than 60 years.
  • In May 2021, AIROS Medical Inc., a medical technology developer specialising in compression treatment products, announced the release of AIROS 6 Sequential Compression Therapy devices and Arm Plus garments (FDA). These new product introductions will provide lymphedema-suffering breast cancer patients with a new therapy alternative.

Global Compression Therapy Key Market Trends

  • For patients with cystic fibrosis (CF), the most recent high frequency chest compression (HFCC) technology is used to remove mucus discharges from airways and enhance lung function. The system comprises of a variable air pulse delivery system and a non-stretch inflatable vest worn by the patient to cover the chest bandages. The bandages are applied at full stretch and feature printed ovals or rectangles for improved bandage extension.
  • The Mobile Active Compressions (MAC) gadget, which primarily prioritises the patients' care and acceptance, is said to be superior to ordinary compression machines. Here, the use of Force's technology has resulted in the creation of a "breathable, and lightweight" garment that includes sleeves to do away with cumbersome air hoses. The gadget may show the patient's, nurses', and medical staff's mobility statistics.

Global Compression Therapy Market SkyQuest Analysis

SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.

According to our analysis, by product, the compression garments segment is estimated to have the largest share of the market as compression garment is being used more frequently by doctors to treat conditions like lymphedema, venous leg ulcers, gravity eczema, varicose veins, and deep vein thrombosis.e. The technological market was dominated by static compression therapy segment because of its high level of ease and user-friendliness. Region-wise, the North America had dominated the market, followed by Aisa Pacific.

Report Metric Details
Market size value in 2021 USD 3.6 billion
Market size value in 2028 USD 4.91 billion
Growth Rate 5.2%
Base year 2021
Forecast period 2022-2028
Forecast Unit (Value) USD Billion
Segments covered
  • Product
    • Compression Pumps, Compression Garments, Compression Braces
  • Technique
    • Static Compression Therapy, Dynamic Compression Therapy
Regions covered North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)
Companies 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)
  • Medline Industries, Inc. (US)
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Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on Global Compression Therapy Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on Global Compression Therapy Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)

Methodology

For the Global Compression Therapy Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:

1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.

2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Compression Therapy Market.

3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.

4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.

Analyst Support

Customization Options

With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Compression Therapy Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the Global Compression Therapy Market for additional countries.

Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.

Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.

Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.

Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.

Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.

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FAQ's

Global Compression Therapy Market was valued at USD 3.6 billion in 2021 and it is expected to reach at USD 4.91 billion by 2028, at a CAGR of 5.2% over the forecast period (2022-2028).

The main competitors in the compression therapy market are concentrating their efforts on expanding their worldwide and regional customer bases through acquisitions, mergers, and expansions. Companies in the compression therapy market use acquisition, regulatory clearances, and the introduction of new products as their main strategies. Key businesses are focusing their efforts on the creation of advanced and affordable products as well as on distribution deals to broaden their market reach, notably in Asia Pacific. In our Compression Therapy market reports, some of the leading Compression Therapy players are as follows: 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) '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)'

There have been rapid technological advancements in the field of wound care, as well as an increase in the number of clinics offering prevention and rehabilitation services.

For patients with cystic fibrosis (CF), the most recent high frequency chest compression (HFCC) technology is used to remove mucus discharges from airways and enhance lung function. The system comprises of a variable air pulse delivery system and a non-stretch inflatable vest worn by the patient to cover the chest bandages. The bandages are applied at full stretch and feature printed ovals or rectangles for improved bandage extension.

North America is anticipated to hold the greatest market share for compression therapy in 2021. This is mostly due to the increase in orthopaedic and spinal operations, the rise in lymphedema, varicose veins, and DVT cases, the frequency of sports injuries, and the existence of several compression therapy product producers in the area.

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Global Compression Therapy Market

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