Compression Therapy Market Analysis By Product Technology(Static Compression Therapy, Dynamic Compression Therapy), By Product(Compression Pumps, Compression Stockings, Compression Bandages, Compression Tape), By Application(Varicose Vein Treatment, Deep Vein Thrombosis Treatment, Lymphedema Treatment, Leg Ulcer Treatment), By Distribution Channel(Clinics and Hospitals, E-commerce platforms, Retailers and Pharmacies, Homecare) & Forecast 2024-2035
- PUBLISHED ON
- 9/1/2022
- NO OF PAGES
- 273
- CATEGORY
- Healthcare & Life Sciences
The global compression therapy market size was valued at USD 4.0 billion in 2021 and is estimated to reach around USD 6.5 billion in 2030 exhibiting a CAGR of 6.0% in the forecasted period. Increase in the prevalence of vein disorders such as lymphedema, leg ulcers, deep vein thrombosis, varicose veins, and blood clots is a high impact factor. Products, specifically stockings and bandages are being gradually used to treat the abovementioned disorders, thus boosting the market growth.
However, the sudden reduction in cattle herd population due to the risen demand of dairy and meat products will restrain the growth of the compression therapy market, although the high cost and chances of viral existence is likely to challenge the growth of the compression therapy market.
Compression therapy is most typically used after operation to reduce swelling and increase leg circulation. Leg activity, such as walking, generally causes regular tightening and reduction of the calf muscles to aid in blood circulation from the lower extremities to the heart. Blood clots can develop when people are immovable for long periods, such as recuperating from surgery. National Blood Clot Alliance stated that 100,000 to 300,000 individuals die from blood clots per year, which is above the total number of people who die from breast cancer, AIDS, and automobile accidents collective.
Medical compression also helps in the decrease of edema and the reproduction of favourable conditions for the cure of acute inflammation illnesses. Ulnar nerve entrapment treatment massage, treatment for compression fracture, fractured spine treatment, and leg compression therapy are some popular treatments present in the market. The increasing number of older adults and sports-related injuries are some of the prime drivers of the global compression market.
The COVID-19 pandemic had a great effect on human life and economic events. The fast spread of the virus and the huge threat that the virus possessed to human life caused in a large number of hospitalizations across several nations. This increase in the number of hospitalized patients had a positive impact on the compression therapy market.
Product Insights
In 2021, compression garments were anticipated to take the dominance in the compression therapy market, and this is majorly owing to the broad usage of compression garments for several causes, including varicose veins, edema, DVT, and lymphedema, and the management of numerous chronic illnesses.
Technique Insights
Static therapy leads the technique segment in 2022 with a market share of more than 60%, due to the high accessibility and user-friendly qualities of this technology. The substantial share gathered by this segment is attributable to the more accessibility of these products in treating edema and sports-related injuries to permit pain and pressure relief. Advantages related with static technology are also supposed to drive the preference of patients and physicians, thus accounting for a large share. Furthermore, the considerable share bagged by this segment is also supposed to be a significance of the high susceptibility of the increasing diabetic and geriatric population base to the increase of deep vein thrombosis, lymphedema, and chronic venous insufficiency.
Dynamic technology is anticipated to witness faster growth during the forecasted period as a result of the benefits related, considering it a more suitable choice in the future. These advantages include high venous return, external control, and sustained effect.
Region Insights
North American region is predicted to dominate the market in terms of revenue owing to the increasing awareness among the people and attractive reimbursement policies. Growing awareness of venous ulcers, sports injuries, arthritis, and people who have been victims of vehicle accidents are some of the major contributors. In a survey, the National Highway Traffic Safety Administration of the United States Department of Transportation stated an expected 20,160 individuals died in motor vehicle incidents in the first half of 2021, more than 18.4 % from 2020. As traffic accidents in this region rise, compression therapy will be used more regularly during the recovery process, thus boosting market growth in this region.
Asia Pacific is expected to witness a significant growth rate across the forecasted period. The market is grown by high investments in R&D by major players and consistent initiatives to commercialize products at a comparatively lower price. Additionally, increasing disposable income that increases the probability of usage of these products, and constant upgradation of healthcare infrastructure is expected to provide the market with remunerative growth opportunities.
Key Companies Insights
Key players are aiming on their technological partnerships, collaborations, and merger & acquisitions policies to gain a competitive edge and expand their product portfolio & business footmark. The ongoing COVID-19 pandemic hindered the healthcare systems worldwide and driven market players to update products for unexploited prospects. Some of the key players operating in the global compression therapy market include:
· Cardinal Health
· Julius Zorn GmbH
· Hartmann AG
· Medi GmbH & Co.
· SIGVARIS
· BSN Medical GmbH
· ArjoHuntleigh
· 3M Health Care
· Spectrum Healthcare
· Bio Compression Systems, Inc.
· Stryker
· Gottfried Medical
· Other players
Some of the Recent Developments:
· In April 2022, Koya Medical launched the Dayspring active compression device in the United States. Koya developed the Dayspring compression device to treat lymphedema and venous disorders in the lower limbs. It is a soft, breathable mesh garment with Koya's exclusive Flexframe technology, which usages spring-like parts to generate compression.
· In June 2022, Stryker declared the opening of its new research & development facility in India. The 150,000-square-foot facility intends to help accelerate innovation in India and across the globe.
Segments
By Product Technology
· Static Compression Therapy
· Dynamic Compression Therapy
By Product
· Compression Pumps
· Compression Stockings
· Compression Bandages
· Compression Tape
By Application
· Varicose Vein Treatment
· Deep Vein Thrombosis Treatment
· Lymphedema Treatment
· Leg Ulcer Treatment
· Others
By Distribution Channel
· Clinics and Hospitals
· E-commerce platforms
· Retailers and Pharmacies
· Homecare
By Geography
· North America
o U.S.
o Canada
o Mexico
· Europe
o U.K.
o Germany
o France
o Italy
o Spain
o Russia
· Asia-Pacific
o Japan
o China
o India
o Australia
o South Korea
o ASEAN
· Latin America
o Brazil
o Argentina
o Colombia
· MEA
o South Africa
o Saudi Arabia
o UAE
o Egypt
Key Points:
Define, describe and forecast Compression Therapy product market by type, application, end user and region.
Provide enterprise external environment analysis and PEST analysis.
Provide strategies for company to deal with the impact of COVID-19.
Provide market dynamic analysis, including market driving factors, market development constraints.
Provide market entry strategy analysis for new players or players who are ready to enter the market, including market segment definition, client analysis, distribution model, product messaging and positioning, and price strategy analysis.
Keep up with international market trends and provide analysis of the impact of the COVID-19 epidemic on major regions of the world.
Analyze the market opportunities of stakeholders and provide market leaders with details of the competitive landscape.
Historic Year: 2016-2022
Forecast: 2024-2035
1 Compression Therapy Market Definition and Overview
1.1 Objectives of the Study
1.2 Overview of Compression Therapy
1.3 Compression Therapy Market Scope and Market Size Estimation
1.4 Market Segmentation
1.4.1 Types of Compression Therapy
1.4.2 Applications of Compression Therapy
1.5 Market Exchange Rate
2 Research Method and Logic
2.1 Methodology
2.2 Research Data Source
3 Market Competition Analysis
3.1 Medi GmbH & Co. KG Market Performance Analysis
3.1.1 Medi GmbH & Co. KG Basic Information
3.1.2 Product and Service Analysis
3.1.3 Strategies for Company to Deal with the Impact of COVID-19
3.1.4 Medi GmbH & Co. KG Sales, Value, Price, Gross Margin 2016-2021
3.2 SIGVARIS MANAGEMENT AG Market Performance Analysis
3.2.1 SIGVARIS MANAGEMENT AG Basic Information
3.2.2 Product and Service Analysis
3.2.3 Strategies for Company to Deal with the Impact of COVID-19
3.2.4 SIGVARIS MANAGEMENT AG Sales, Value, Price, Gross Margin 2016-2021
3.3 PAUL HARTMANN AG Market Performance Analysis
3.3.1 PAUL HARTMANN AG Basic Information
3.3.2 Product and Service Analysis
3.3.3 Strategies for Company to Deal with the Impact of COVID-19
3.3.4 PAUL HARTMANN AG Sales, Value, Price, Gross Margin 2016-2021
3.4 Medtronic Market Performance Analysis
3.4.1 Medtronic Basic Information
3.4.2 Product and Service Analysis
3.4.3 Strategies for Company to Deal with the Impact of COVID-19
3.4.4 Medtronic Sales, Value, Price, Gross Margin 2016-2021
3.5 BSN medical Market Performance Analysis
3.5.1 BSN medical Basic Information
3.5.2 Product and Service Analysis
3.5.3 Strategies for Company to Deal with the Impact of COVID-19
3.5.4 BSN medical Sales, Value, Price, Gross Margin 2016-2021
3.6 M Health Care Market Performance Analysis
3.6.1 M Health Care Basic Information
3.6.2 Product and Service Analysis
3.6.3 Strategies for Company to Deal with the Impact of COVID-19
3.6.4 M Health Care Sales, Value, Price, Gross Margin 2016-2021
3.7 ArjoHuntleigh Market Performance Analysis
3.7.1 ArjoHuntleigh Basic Information
3.7.2 Product and Service Analysis
3.7.3 Strategies for Company to Deal with the Impact of COVID-19
3.7.4 ArjoHuntleigh Sales, Value, Price, Gross Margin 2016-2021
3.8 Bio Compression Systems Market Performance Analysis
3.8.1 Bio Compression Systems Basic Information
3.8.2 Product and Service Analysis
3.8.3 Strategies for Company to Deal with the Impact of COVID-19
3.8.4 Bio Compression Systems Sales, Value, Price, Gross Margin 2016-2021
3.9 Julius Zorn GmbH Market Performance Analysis
3.9.1 Julius Zorn GmbH Basic Information
3.9.2 Product and Service Analysis
3.9.3 Strategies for Company to Deal with the Impact of COVID-19
3.9.4 Julius Zorn GmbH Sales, Value, Price, Gross Margin 2016-2021
4 Market Segment by Type, Historical Data and Market Forecasts
4.1 Global Compression Therapy Production and Value by Type
4.1.1 Global Compression Therapy Production by Type 2016-2021
4.1.2 Global Compression Therapy Market Value by Type 2016-2021
4.2 Global Compression Therapy Market Production, Value and Growth Rate by Type 2016-2021
4.2.1 Compression Pump Market Production, Value and Growth Rate
4.2.2 Compression Stocking Market Production, Value and Growth Rate
4.2.3 Compression Bandage Market Production, Value and Growth Rate
4.2.4 Compression Tape Market Production, Value and Growth Rate
4.2.5 Others Market Production, Value and Growth Rate
4.3 Global Compression Therapy Production and Value Forecast by Type
4.3.1 Global Compression Therapy Production Forecast by Type 2021-2026
4.3.2 Global Compression Therapy Market Value Forecast by Type 2021-2026
4.4 Global Compression Therapy Market Production, Value and Growth Rate by Type Forecast 2021-2026
4.4.1 Compression Pump Market Production, Value and Growth Rate Forecast
4.4.2 Compression Stocking Market Production, Value and Growth Rate Forecast
4.4.3 Compression Bandage Market Production, Value and Growth Rate Forecast
4.4.4 Compression Tape Market Production, Value and Growth Rate Forecast
4.4.5 Others Market Production, Value and Growth Rate Forecast
5 Market Segment by Application, Historical Data and Market Forecasts
5.1 Global Compression Therapy Consumption and Value by Application
5.1.1 Global Compression Therapy Consumption by Application 2016-2021
5.1.2 Global Compression Therapy Market Value by Application 2016-2021
5.2 Global Compression Therapy Market Consumption, Value and Growth Rate by Application 2016-2021
5.2.1 Treatment of Lymphedema Market Consumption, Value and Growth Rate
5.2.2 Treatment of Chronic Venous Insufficiency Market Consumption, Value and Growth Rate
5.2.3 Treatment of Deep Vein Thrombosis Market Consumption, Value and Growth Rate
5.2.4 Others Market Consumption, Value and Growth Rate
5.3 Global Compression Therapy Consumption and Value Forecast by Application
5.3.1 Global Compression Therapy Consumption Forecast by Application 2021-2026
5.3.2 Global Compression Therapy Market Value Forecast by Application 2021-2026
5.4 Global Compression Therapy Market Consumption, Value and Growth Rate by Application Forecast 2021-2026
5.4.1 Treatment of Lymphedema Market Consumption, Value and Growth Rate Forecast
5.4.2 Treatment of Chronic Venous Insufficiency Market Consumption, Value and Growth Rate Forecast
5.4.3 Treatment of Deep Vein Thrombosis Market Consumption, Value and Growth Rate Forecast
5.4.4 Others Market Consumption, Value and Growth Rate Forecast
6 Global Compression Therapy by Region, Historical Data and Market Forecasts
6.1 Global Compression Therapy Sales by Region 2016-2021
6.2 Global Compression Therapy Market Value by Region 2016-2021
6.3 Global Compression Therapy Market Sales, Value and Growth Rate by Region 2016-2021
6.3.1 North America
6.3.2 Europe
6.3.3 Asia Pacific
6.3.4 South America
6.3.5 Middle East and Africa
6.4 Global Compression Therapy Sales Forecast by Region 2021-2026
6.5 Global Compression Therapy Market Value Forecast by Region 2021-2026
6.6 Global Compression Therapy Market Sales, Value and Growth Rate Forecast by Region 2021-2026
6.6.1 North America
6.6.2 Europe
6.6.3 Asia Pacific
6.6.4 South America
6.6.5 Middle East and Africa
7 United State Market Size Analysis 2016-2026
7.1 United State Compression Therapy Value and Market Growth 2016-2021
7.2 United State Compression Therapy Sales and Market Growth 2016-2021
7.3 United State Compression Therapy Market Value Forecast 2021-2026
8 Canada Market Size Analysis 2016-2026
8.1 Canada Compression Therapy Value and Market Growth 2016-2021
8.2 Canada Compression Therapy Sales and Market Growth 2016-2021
8.3 Canada Compression Therapy Market Value Forecast 2021-2026
9 Germany Market Size Analysis 2016-2026
9.1 Germany Compression Therapy Value and Market Growth 2016-2021
9.2 Germany Compression Therapy Sales and Market Growth 2016-2021
9.3 Germany Compression Therapy Market Value Forecast 2021-2026
10 UK Market Size Analysis 2016-2026
10.1 UK Compression Therapy Value and Market Growth 2016-2021
10.2 UK Compression Therapy Sales and Market Growth 2016-2021
10.3 UK Compression Therapy Market Value Forecast 2021-2026
11 France Market Size Analysis 2016-2026
11.1 France Compression Therapy Value and Market Growth 2016-2021
11.2 France Compression Therapy Sales and Market Growth 2016-2021
11.3 France Compression Therapy Market Value Forecast 2021-2026
12 Italy Market Size Analysis 2016-2026
12.1 Italy Compression Therapy Value and Market Growth 2016-2021
12.2 Italy Compression Therapy Sales and Market Growth 2016-2021
12.3 Italy Compression Therapy Market Value Forecast 2021-2026
13 Spain Market Size Analysis 2016-2026
13.1 Spain Compression Therapy Value and Market Growth 2016-2021
13.2 Spain Compression Therapy Sales and Market Growth 2016-2021
13.3 Spain Compression Therapy Market Value Forecast 2021-2026
14 Russia Market Size Analysis 2016-2026
14.1 Russia Compression Therapy Value and Market Growth 2016-2021
14.2 Russia Compression Therapy Sales and Market Growth 2016-2021
14.3 Russia Compression Therapy Market Value Forecast 2021-2026
15 China Market Size Analysis 2016-2026
15.1 China Compression Therapy Value and Market Growth 2016-2021
15.2 China Compression Therapy Sales and Market Growth 2016-2021
15.3 China Compression Therapy Market Value Forecast 2021-2026
16 Japan Market Size Analysis 2016-2026
16.1 Japan Compression Therapy Value and Market Growth 2016-2021
16.2 Japan Compression Therapy Sales and Market Growth 2016-2021
16.3 Japan Compression Therapy Market Value Forecast 2021-2026
17 South Korea Market Size Analysis 2016-2026
17.1 South Korea Compression Therapy Value and Market Growth 2016-2021
17.2 South Korea Compression Therapy Sales and Market Growth 2016-2021
17.3 South Korea Compression Therapy Market Value Forecast 2021-2026
18 Australia Market Size Analysis 2016-2026
18.1 Australia Compression Therapy Value and Market Growth 2016-2021
18.2 Australia Compression Therapy Sales and Market Growth 2016-2021
18.3 Australia Compression Therapy Market Value Forecast 2021-2026
19 Thailand Market Size Analysis 2016-2026
19.1 Thailand Compression Therapy Value and Market Growth 2016-2021
19.2 Thailand Compression Therapy Sales and Market Growth 2016-2021
19.3 Thailand Compression Therapy Market Value Forecast 2021-2026
20 Brazil Market Size Analysis 2016-2026
20.1 Brazil Compression Therapy Value and Market Growth 2016-2021
20.2 Brazil Compression Therapy Sales and Market Growth 2016-2021
20.3 Brazil Compression Therapy Market Value Forecast 2021-2026
21 Argentina Market Size Analysis 2016-2026
21.1 Argentina Compression Therapy Value and Market Growth 2016-2021
21.2 Argentina Compression Therapy Sales and Market Growth 2016-2021
21.3 Argentina Compression Therapy Market Value Forecast 2021-2026
22 Chile Market Size Analysis 2016-2026
22.1 Chile Compression Therapy Value and Market Growth 2016-2021
22.2 Chile Compression Therapy Sales and Market Growth 2016-2021
22.3 Chile Compression Therapy Market Value Forecast 2021-2026
23 South Africa Market Size Analysis 2016-2026
23.1 South Africa Compression Therapy Value and Market Growth 2016-2021
23.2 South Africa Compression Therapy Sales and Market Growth 2016-2021
23.3 South Africa Compression Therapy Market Value Forecast 2021-2026
24 Egypt Market Size Analysis 2016-2026
24.1 Egypt Compression Therapy Value and Market Growth 2016-2021
24.2 Egypt Compression Therapy Sales and Market Growth 2016-2021
24.3 Egypt Compression Therapy Market Value Forecast 2021-2026
25 UAE Market Size Analysis 2016-2026
25.1 UAE Compression Therapy Value and Market Growth 2016-2021
25.2 UAE Compression Therapy Sales and Market Growth 2016-2021
25.3 UAE Compression Therapy Market Value Forecast 2021-2026
26 Saudi Arabia Market Size Analysis 2016-2026
26.1 Saudi Arabia Compression Therapy Value and Market Growth 2016-2021
26.2 Saudi Arabia Compression Therapy Sales and Market Growth 2016-2021
26.3 Saudi Arabia Compression Therapy Market Value Forecast 2021-2026
27 Market Dynamic Analysis and Development Suggestions
27.1 Market Drivers
27.2 Market Development Constraints
27.3 PEST Analysis
27.3.1 Political Factors
27.3.2 Economic Factors
27.3.3 Social Factors
27.3.4 Technological Factors
27.4 Industry Trends Under COVID-19
27.4.1 Risk Assessment on COVID-19
27.4.2 Assessment of the Overall Impact of COVID-19 on the Industry
27.4.3 Pre COVID-19 and Post COVID-19 Market Scenario
27.5 Market Entry Strategy Analysis
27.5.1 Market Definition
27.5.2 Client
27.5.3 Distribution Model
27.5.4 Product Messaging and Positioning
27.5.5 Price
27.6 Advice on Entering the Market
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