Compression Therapy Market size is poised to reach USD 11 Billion by the end of 2036, growing at a CAGR of 9% during the forecast period, i.e., 2024-2036. In the year 2023, the industry size of compression therapy was USD 4 Billion. The reason behind the growth is impelled by increase in incidence of chronic diseases. Chronic diseases such as lymphedema, deep vein thrombosis, and chronic venous insufficiency are on the rise, driving the demand for compression therapy that involves applying pressure to the affected area of the body using specially designed garments, stockings, or bandages. According to the World Health Organization (WHO), chronic diseases account for 60% of all deaths globally.
The spike in research spending are believed to fuel the market growth. This has led to increased investment in research and development activities to continuously find more viable solutions for compression therapy.
Growth Drivers
Challenges
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Base Year |
2023 |
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Forecast Year |
2024-2036 |
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CAGR |
~9% |
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Base Year Market Size (2023) |
~ USD 11 Billion |
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Forecast Year Market Size (2036) |
~ USD 4 Billion |
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Regional Scope |
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Product (Compression Pumps, Compression Stockings, Ortho Braces, Bandages, Wraps, Tapes)
The compression pumps segment in the compression therapy market is estimated to hold 25% of the revenue share during the forecast owing to the technological advancements. The development of portable and wearable compression pumps has made them more convenient and accessible to patients. These devices can be worn discreetly under clothing and can be used at home or on the go, enabling patients to manage their conditions more effectively. As awareness of the benefits of compression therapy increases, more patients and healthcare providers are turning to compression pumps as a non-invasive treatment option. This is driving the demand for these products and contributing to their growth.
Application (Deep Vein Thrombosis (DVT), Varicose Vein, Lymphedema Ulcer)
The varicose vein treatment segment is set to garner a notable share shortly. Varicose veins are commonly treated with graduated compression therapy as they can help ease the pain and reduce swelling. Compression stockings, in particular, can help enhance circulation and support the veins by providing distally increasing compression of 18-40 mmHg. Besides this, these stockings may not be effective in removing varicose veins but they can increase blood circulation.
End-User (Hospital, Home Care, Pharmacies, Online Pharmacies)
Compression therapy market from the hospital segment is set to garner a significant share in the coming years on account of the large number of patients requiring treatment for various conditions. Hospitals provide a wide range of medical care. They know how to solve common problems and have the resources to solve more complex medical problems.
Moreover, hospitals may also offer specialized care, and treat patients with chronic wounds where compression therapy can aid in wound healing. Besides this, daily several surgical procedures take place within the hospital premises which may necessitate the usage of compression therapy to prevent blood clots after the surgery.
Our in-depth analysis of the global market includes the following segments:
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Product |
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End-User |
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Application |
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Technology |
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North American Market Forecast
Compression therapy market in North America is predicted to account for the largest share of 45% by 2036 impelled by the increasing spending in healthcare. As a result, there is an increasing awareness of the benefits of compression therapy, owing to which more patients and healthcare providers in North America are turning to these products as a non-invasive treatment option. Besides this, governments and insurance companies in the region are recognizing the benefits of compression therapy and are introducing policies to encourage its use.For instance, in 2021, healthcare spending in the United States increased by over 2% to around USD 4 trillion, or over USD 12,910 per person.
European Market Statistics
The Europe compression therapy market is estimated to be the second largest, during the forecast period led by the presence of several leading manufacturers of compression therapy products, and rising focus on developing new and innovative products. This includes products such as advanced wound care dressings, portable and wearable compression devices, and 3D printing technologies. As awareness of the benefits of compression therapy increases, more patients and healthcare providers in Europe are turning to these products as a non-invasive treatment option. This is driving the demand for compression therapy and contributing to its growth in the region.
Author Credits: Radhika Gupta, Shivam Bhutani
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