Compression Therapy Market Analysis and Forecast to 2031: By Product (Compression Garments, Compression Braces, Compression Pumps), Technique (Static Compression Therapy, Dynamic Compression Therapy), Application (Varicose Vein Treatment, Deep Vein Thromb

Compression Therapy Market Analysis and Forecast to 2031: By Product (Compression Garments, Compression Braces, Compression Pumps), Technique (Static Compression Therapy, Dynamic Compression Therapy), Application (Varicose Vein Treatment, Deep Vein Thrombosis Treatment, Lymphedema Treatment, Leg Ulcer Treatment, Others), Distribution Channel (Pharmacies & Retailers, Hospitals & Clinics, E-Commerce Platforms), and Region

The global compression therapy market size was valued at USD 3.0 billion in 2021 and it is anticipated to grow at a CAGR of 8.4% during the forecast period to reach up to USD 6.8 billion by 2031.

Compression therapy uses controlled pressure on the lower extremities to increase blood flow and efficiency of the lymphatic and venous system. It is the most established and the most important method of treatment for venous and lymphatic diseases. According to an article published by the National Center for Biotechnology Information (NCBI) in 2018, lymphedema is a pandemic and affects approximately 250 million patients across the globe. The increase in the prevalence of vein disorders such as venous leg ulcer, lymphedema, deep vein thrombosis, etc., the increasing geriatric population, and the rise in the adoption of pressure therapies for the treatment of these vein disorders are the key factors likely to drive the compression therapy market growth during the projection period.

Global Compression Therapy Market Scope and Report Structure

Market Trends and Drivers

The presence of a large target patient population is boosting the market growth of the global compression therapy market. The target population for compression therapy products includes patients suffering from lifestyle-related diseases and vascular diseases, like obesity, diabetes, lymphedema, DVT, and varicose veins. The rising geriatric population across the globe is the primary factor supporting market growth as geriatric individuals are more susceptible to various health conditions. These factors are driving the demand and adoption of various treatment procedures, including compression therapy, among patients. Moreover, compression therapy products are increasingly being preferred as the first line of treatment for major target indications and for post-surgery rehabilitation.

Market Restraints and Challenges

The key factor hindering the market growth is the lack of universally accepted standards for compression products. The lack of uniform international pressure standards for compression therapy garments across the world may cause confusion regarding the selection of the garment for the treatment of various diseases. Worldwide, several standards, including the German RAL, French ASQUL, and British standards, exist with different pressure specifications comprised in each standard. For example, as per the British, French, and German standards, the pressure applied by Class I compression hosiery should be 14–17 mmHg, 15 mmHg, and 18–21 mmHg, respectively.

Adding to that, the US FDA does not have any set standards for compression garments. Currently, the pressure exerted by stockings is determined by manufacturers on the basis of their laboratory measurements owing to the lack of uniform standards for graduated compression stockings worldwide. Moreover, factors such as the elasticity and stiffness of stocking material and the size and shape of a patient’s legs can affect the overall pressure exerted by the garment. Considering the lack of uniform standards in the market, a wide range of products are offered at different price points with varying levels of medical efficacy. The varying efficacy of these products can potentially hamper customer trust in compression therapy, thereby restraining the growth of this market.

Global Compression Therapy Market Segmentation

The report analyses the global compression therapy market based on product, technique, application, distribution channel, and region.

Global Compression Therapy Market by Product

Based on the product, it is segmented into compression garments, compression braces, and compression pumps. The compression garments segment is anticipated to dominate the market during the forecast period. The factors such as the use of compression garments in a wide range of indications, like varicose veins, edema, DVT, and lymphedema, as well as in the management of several chronic conditions are propelling the growth of the market.

Global Compression Therapy Market by Technique

Based on technique, it is segmented into static compression therapy and dynamic compression therapy. Static compression therapy is likely to dominate the market during the forecast period. The key factors such as the presence of a large target population coupled with increasing incidences of sports injuries and accidents are boosting the growth of the market.

Global Compression Therapy Market by Application

Based on application, it is segmented into varicose vein treatment, deep vein thrombosis treatment, lymphedema treatment, leg ulcer treatment, and others. The lymphedema treatment segment is likely to boost the growth of the market. The key factors such as the rising incidence of lymphedema and the high presence of compression therapy products for the treatment and management of lymphedema among end user is boosting the market growth.

Global Compression Therapy Market by Distribution Channel

Based on the distribution channel, it is segmented into pharmacies & retailers, hospitals & clinics, and E-commerce platforms. The e-commerce platforms is likely to boost the growth of the market during the forecast period. The cost advantages of distributing products through e-commerce platforms, a strong and fast-expanding logistical network maintained by e-commerce companies across the globe. The increasing strategic initiatives and investments undertaken by e-commerce companies as well as market players to strengthen their presence across emerging markets are boosting the growth of the market.

Geographical Analysis of Global Compression Therapy Market

Region-wise, it is studied across North America, Europe, Asia Pacific, and the Rest of the World. The North American region accounted for the major market share during the forecast period. The growing number of patients suffering from DVT, varicose veins, and lymphedema coupled with the increasing incidence of sports injuries and the presence of a number of compression therapy product manufacturers in the region are propelling the market growth.

Major Players in Compression Therapy Market

COVID-19 Impact

The current global COVID-19 pandemic has significantly impacted markets across multiple sectors and industries such as healthcare, oil & petroleum, aeronautics & defense, and food & beverage. The majority of these industries are witnessing a period of uncertainty in terms of global economic conditions, the regional impact of the pandemic on businesses, government laws and preventive regulations, demand from end users, and challenges faced in the supply chain and logistics. Owing to that, key businesses and market players are forced to shift focus from long-term growth strategies to short-term sustainability tactics that have led to changes in business operations such as manufacturing, supplying, and consumer communication in certain sectors of the global economy. The healthcare sector is at the epicenter of this global pandemic challenge and is anticipated to have major long-term consequences. This is likely to compel countries and key market players to undergo essential healthcare reforms once the crisis is eventually under control or has faded. The private healthcare sector is facing twice the burden—investing additional manpower, equipment, consumables, and other resources to ensure 100% preparedness for safety in hospitals and the eventual treatment of patients alongside the sharp drop in out-patient footfall, elective surgeries, and international patients. Additionally, hospitals are affected by this pandemic as a clear lack in the number of healthcare professionals is being witnessed in developed as well as developing countries. The pandemic has also affected the orthopedics field since doctors are not adequately able to concentrate on regular patients since they are being redeployed for treating COVID-19 patients. Owing to that, performing orthopedics and trauma surgeries has become a significant challenge with the non-availability of hospital staff and operation facilities.

Recent Developments

• May 2021, FDA has given clearance to Koya Medical’s compression therapy system for lower extremities.
• April 2021, Essity acquired by ABIGO Medical. The acquisition added to the company’s wound care product portfolio.
• April 2021, DJO acquired MedShape, Inc. This acquisition will strengthen DJO’s portfolio of fracture fixation, joint fusion, and soft tissue injury repair products, which utilize biomaterial technologies designed to improve patient outcomes.
• February 2021, De Royal signed a USD 1.2 million agreement with Tyndall and RCSI SWaT researchers. The primary objective of this partnership was to transform compression wound therapy.
• November 2020, Theragun. Inc. had acquired RP Sports, one of the leaders in clinical pneumatic compression. Theragun, Inc. has acquired RP Sport’s groundbreaking clinical technology product line, Recovery Pump.
• July 2020, AIROS Medical Inc., announced the launch of its updated compression therapy products. The company’s new AIROS 6 Sequential Compression Therapy device and Arm Plus garments had been approved by the FDA for the first time in three years.
• June 2020, Medi GmbH & Co. KG launched mediven cosy 450, which added to its flat-knit compression portfolio.

Frequently Asked QuestionsQ1. How big is the compression therapy market?Ans. The global compression therapy market size was USD 3.0 Billion in 2021 and is anticipated to reach USD 6.8 Billion in 2031, growing at a rate of 8.4% from 2022 to 2031.Q2. What is the compression therapy market growth rate?Ans. The growth rate of the compression therapy market is 8.4% from 2022 to 2031.Q3. Which region holds a major market share for the compression therapy market?Ans. North America holds a major market share of the compression therapy market in 2021.Q4. Which segment accounted for the largest compression therapy market share?Ans. By product, the compression garment segment accounted for the largest compression therapy market share.Q5. Who are the key players in the compression therapy market?Q6. What are the factors driving the compression therapy market growth?Ans. The major factors driving the growth of the market are the increasing number of orthopedic procedures.Q7. What are the key growth strategies of compression therapy market players?Ans. The key growth strategies of compression therapy market players are product launch and product approval.Q8. Which region will provide more business opportunities for the compression therapy market during the forecast period?Ans. The Asia-Pacific region will provide more business opportunities for the compression therapy market during the forecast period.

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