Compression Therapy Market: Analysis and Forecast (2023-2029) by Product Type, Technology, Application Area, and Region

The Compression Therapy Market size was valued at USD 3.69 Bn. in 2022 and the total Insulation revenue is expected to grow by 4.34% from 2023 to 2029, reaching nearly USD 4.78 Bn.

Compression Therapy is a treatment used to improve blood flow in the lower legs. It usually involves the use of wraps and elastic stockings. This elastic provides compression on the legs, ankles and feet which helps in preventing blood from pooling and fluid from building up in these particular areas. Compression stockings and wraps are typically used to provide the added pressure, increasing the awareness and effectiveness of the calf-muscle pumps in returining blood to the heart.

Several companies have good count of manufacturing units of medical compression therapy products and are planning to further penetrate these existing markets and to develop new products in non-traditional areas. For instance, as the evidences by the size of the global compression therapy markets, the addition of static compression products to the DJO product line has been on high priority for the international teams. New niche markets are also continuing to emerge the leverage of the compression therapy products in innovative ways and expanding th opportunites for the growth of the Compression Therapy market.

Th new emerging technology in compression system comprises of two layers that combines to create an inelastic sleeve conforming to the limb countour in providing a consistent proprt pressure profile to reduce edema contributing towards the growth of the Compression Therapy Market.
Scope of the Compression Therapy Market Report:
The report provides a comprehensive analysis of the global Compression Therapy Market. The report estimates the Compression Therapy Market, in terms of USD value from 2023 to 2029. In order to identify potential investment pockets, this report gives an analytical representation of the Compression Therapy industry together with current trends and future forecasts. The report includes a thorough analysis of the market share for Compression Therapy as well as data on important drivers, restraints, and opportunities.

A quantitative analysis of the existing market is done from 2023 to 2029 to show the potential for market growth across the globe. In addition, Porter's five forces study demonstrates the market power of both buyers and providers. The research offers a thorough analysis of the worldwide Compression Therapy market based on the level of competition and how it will develop over the forecast period.To know about the Research Methodology :- Request Free Sample Report
Compression Therapy Market Dynamics:
Compression therapy plays an important role for wound and ulcer care. Compression therapy can be administered using bandages, stockings, and intermittent pneumatic compression (IPC) devices. The increasing surge of the various disorders like Chronic venous disease, Cirrhosis, Angioedema, Lymphedema; wearing compression gloves and stockings helps in preventing the accumulation of fluid; has driven the market of Compression Therapy.

Moreover to ensure precise pressure control and improve compliance, a device that monitors and adjust the compression is highly desirable, Pneumatic Compression Devices (PCD) offers this possibility. The PCD which are available in 3 different types like Fixed PCDs with no mobility, Semi-portable PCDs with extended mobility and Portable PCDs where one can move freely while the device is operating are the emerging devices has further contributing to drive the Compression Therapy market.

Failure in recognizing arterial disease results in unsafe application of the compression therapy. The more severe side effects are extremely uncommon and happen in persons who are predisposed to them or when compression therapy is applied incorrectly. As it is difficult to choose the right compression therapy garment for the treatment of various ailments due to the lack of globally standardized worldwide pressure standards.

There are numerous standards with various pressure parameters specified in each standard, including the German RAL, French ASQUL, and British standards. For instance, according to the requirements of the United Kingdom, France, and Germany, Class I compression socks.

By defining the compression prescription in the terms of comprehensive compression products and individualized profile, several companies have established a foundation for the compression product selection for achieving the optimal patient outcomes. Companies are providing platforms for showcasing the continuum of compression products in the market, and differentiating quality compression products from generic products which are produced by the manufacturers using low-quality materials and knitting technologies.

By defining the compression prescription in the terms of comprehensive compression products and individualized oedema profile, several companies are establishing a foundation for compression product selection for achieving the optimal patient outcomes contributing towards the growth opportunity for Compression Therapy Market.
Compression Therapy Market Segment Analysis:
By Types, the compression therapy market by product types are segmented under Post-Surgical Compression, Athletic Compression and compression for the prevention and treatment of medical condition. The Post – surgical compression product types dominate the compression therapy market. The lower limb edema disorder and the knee replacement therapy among the patients accounted maximum share of the population, and has contributed towards growth of the Post-Surgical Compression garments.

Morever the Compression socks segment is forecasted to dominate the Atheletic compression Therapy market, due to increase awareness of benefits associated with the Compression socks usage. Furthermore, pumps are used more frequently as an alternative to ineffective conservative methods in Compression Therapy, when patients finds difficult in responding to standard therapies like compression garments, single compartment and multiple chamber nonprogrammable lymphedema pumps.By Application, The varicose vein treatment, deep vein thrombosis treatment, lymphedema treatment, leg ulcer treatment, and other applications categories make up the compression therapy market. Due to the increased incidence of lymphedema and the high desire among end users for compression therapy devices for the treatment and management of lymphedema, the lymphedema treatment sector is anticipated to grow at the highest CAGR during the forecast period.By Technology, The market for static compression therapy is anticipated to reach $3,300 million in terms of value by 2030, with the prevalence of orthopaedic and vascular conditions on the rise, there is a growing demand for this sort of compression therapy. The CDC estimates that 6.6 million Americans aged 40-45 and over received a diagnosis of peripheral arterial disease in 2021. (PAD). Deep vein thrombosis is also occurring at a significantly higher rate than before (DVT). With the use of static compression therapy, DVT can be effectively treated.
Compression Therapy Market Regional Insights:
The market for compression therapy in North America is anticipated to reach more than USD 1,200 million by 2030. Numerous elements, including the existence of significant corporations, an increase in surgical operations, an increase in the prevalence of venous problems, and supportive government activities, are anticipated to influence market developments.

An alarming increase in occurrences of chronic venous insufficiency is being observed in North America. The cause of this is a combination of factors, including bad lifestyle choices, obesity, and diabetes. The quality of life for a person may be greatly affected by certain illnesses.

Asia Pacific would have profitable growth in forecased period in the Compression Therapy market. The market is fueled by significant R&D expenditures by key competitors and persistent efforts to commercialise goods at a substantially reduced cost. Additionally, increasing disposable income, which increases the likelihood that these items would be used, and ongoing healthcare infrastructure upgrades are projected to offer the market lucrative growth prospects.

Over the anticipated period, Japan held a sizable portion of the Asia Pacific compression therapy market. This is thought to be a result of technology advancements together with increasing global player collaboration and the growth of their key products' distribution networks, including compression pumps.
Competative Landscape:-
DJO global, INC company is dominating the market in the Compression Therapy. The Net Sales for the Compresison garments segment grew by 10.25% in the fourth quarter of 2021.Sales across all the product lines in the Compression therapy garments grew by 4.2% in the year 2021.The Business Transformation drove profitability expansion and remains on the track in delivering 8% to 12% annual cost reduction in the year 2021.Transformation actions were taken to date expected to contribute $28.2 million in savings over the next four quarters.
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Compression Therapy Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2018 to 2022
Market Size in 2022:
US $ 3.69 Bn.


Forecast Period 2023 to 2029 CAGR:
4.34%
Market Size in 2029:
US $ 4.78 Bn.


 Segments Covered:
by Product Type
1. Post-Surgical Compression
1.1 Thrombo-Embolus deterrent
1.2 Graduated Compression socks
1.3 Other Forms of Surgical Compressions
2. Athletic Compression
2.1 Knee-length Compression socks
2.2 Compression Ankle Socks
2.3 Compression Sleeves
2.4 Compression Short&Tights
2.5 Compression Shirts&Body Suits



by Application
1. Treatment of Rheumatoid Arthritis
2. Treatment of Post Thrombic Syndrome
3. Treatment of Chronic Ulcers
4. Treatment of lymphedema


by Technology
1. Static Compression
2. Dynamic Compression



Compression Therapy Market, by Region
North America (United States, Canada and Mexico)
 Europe (UK, France, Germany, Italy, Spain, Sweden, Austria, Turkey, Russia and Rest of Europe)
Asia Pacific (China, India, Japan, South Korea, Australia, ASEAN and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina, Columbia and Rest of South America)
Compression Therapy Market, Key Players are
1. DJO Global Inc(US)
2. Tactile Medical(US)
3. Cardinal Health, Inc.(US)
4. Bio Compression Systems, Inc(US)
5. ArjoHuntleigh (Sweden)
6. BSN Medical(Germany)
7. medi GmbH & Co KG(Germany)
8. Julius Zorn GmbH(Germany)
9. PAUL HARTMANN AG(Germany)
10. SIGVARIS MANAGEMENT AG.(Australia)
11. Smith & Nephew PLC.(UK)
12. Convatec Inc.(UK)
13. 3M Health Care (UK)
14. Sanyleg S.R.L.(Italy)
15. Covidien plc(Ireland)
16. Medtronic PLC(Ireland)

FAQs:

1. Which region is expected to hold the highest share in the Global Market?
Ans. North America region is expected to hold the highest share in the  Market.

2. What is the growth rate of  Market?
Ans. The  Market is growing at a CAGR of 4.34% over forecast period.

3. What is the market size of the Compression Therapy Market by 2029?
Ans. The market size of the Compression Therapy by 2029 is expected to reach at USD 4.78 Bn.

4. What is the forecast period for the Market?
Ans. The forecast period for the Compression Therapy Market is 2023-2029.

5. What was the market size of the Market in 2022?
Ans. The market size of the Compression Therapy Market in 2022 was valued at USD 3.69 Bn.