Compression Therapy Market Size & Share, by Product (Compression Pumps, Compression Stockings, Ortho Braces, Bandages, Wraps, Tapes); End-user (Hospital, Home Care, Pharmacies, Online Pharmacies); Application (Deep Vein Thrombosis (DVT); Varicose Vein, Lymphedema Ulcer); Technology (Static, Dynamic) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2024-2036

  • Report ID: 4858
  • Published Date: Oct 09, 2023
  • Report Format: PDF, PPT

Global Market Size, Forecast, and Trend Highlights Over 2024-2036

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.


Compression Therapy Market
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Compression Therapy Sector: Growth Drivers and Challenges

Growth Drivers

  • Rising Aging Population- Many older people who live at home wear medical compression stockings to avoid venous insufficiency, aching legs, and leg ulcers as it has the potential to alleviate pain and inflammation in older adults.Lately, more than 8% of the world's population is 65 or older.
  • Growing Preference for Non-Invasive Treatments - Compression therapy is a non-invasive treatment option for managing a range of medical conditions, leading to an increase in demand for these products.

Challenges

  • Compliance Issues- Compression therapy products need to be worn consistently and correctly to be effective, but many patients struggle to comply with the recommended regimen due to discomfort, inconvenience, or lack of understanding of the treatment.
  • Side Effects Caused by Using Compression Garments
  • Competition from Alternative Treatment May Limit the Adoption of Compression Therapy

Compression Therapy Market: Key Insights

Base Year

2023

Forecast Year

2024-2036

CAGR

~9%

Base Year Market Size (2023)

~ USD 11 Billion

Forecast Year Market Size (2036)

~ USD 4 Billion

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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Compression Therapy Segmentation

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:

Product

  • Compression Pumps
  •  Compression Stockings
  • Ortho Braces
  • Bandages
  • Wraps
  • Tapes

    End-User

  • Hospital
  • Home Care
  • Pharmacies
  •  Online Pharmacies

  Application

  • Deep Vein Thrombosis (DVT)
  • Varicose Vein
  • Lymphedema Ulcer

     Technology

  • Static Compression Therapy
  • Dynamic Compression Therapy

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Compression Therapy Industry - Regional Synopsis

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.

Research Nester
Compression Therapy Market size
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Companies Dominating the Compression Therapy Landscape

top-features-companies
    • 3M Company
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • BSN Medical
    • Medtronic PLC
    • Bio Compression Systems, Inc.
    • Sigvaris, Inc.
    • Medi GmbH & Co. KG
    • Tactile Medical
    • DJO Global, Inc.
    • Sanyleg S.r.l.
    • Paul Hartmann AG

In the News

  • Medtronic PLC announced that it had received FDA clearance for its VenaSeal Closure System to treat symptomatic venous reflux disease. The VenaSeal Closure System is a minimally invasive treatment that uses medical adhesive to close diseased veins, offering a new treatment option for patients with chronic venous insufficiency.
  • BSN Medical announced that it had launched its JOBST FarrowWrap in the United States. The JOBST FarrowWrap is a customizable compression wrap designed to provide sustained compression for patients with lymphedema and other conditions that cause swelling in the limbs. The wrap is made from breathable, moisture-wicking materials and can be adjusted to fit individual patient needs, offering a more comfortable and effective treatment option.

Author Credits:  Radhika Gupta, Shivam Bhutani


  • Report ID: 4858
  • Published Date: Oct 09, 2023
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

Increase in incidence of chronic diseases and the spike in research spending are the major factors driving the growth of the market.

The market size of compression therapy is anticipated to attain a CAGR of 9% over the forecast period, i.e., 2024-2036.

The major players in the market are BSN Medical, Medtronic PLC, Bio Compression Systems, Inc., Sigvaris, Inc., Medi GmbH & Co. KG, Tactile Medical, DJO Global, Inc., Sanyleg S.r.l., Paul Hartmann AG.

The compression pumps segment is anticipated to garner the largest market size by the end of 2036 and display significant growth opportunities.

The market in the North American region is projected to hold the largest market share by the end of 2036 and provide more business opportunities in the future.
Compression Therapy Market Report Scope
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