Compression Therapy Market Size By Product (Compression Garments {Compression Bandages, Compression Stockings [Compression Class I, Compression Class II, Compression Class III]}, Compression Braces, Compression Tapes, Compression Pumps), By Technology (St

Compression Therapy Market Size By Product (Compression Garments {Compression Bandages, Compression Stockings [Compression Class I, Compression Class II, Compression Class III]}, Compression Braces, Compression Tapes, Compression Pumps), By Technology (Static Compression Therapy, Dynamic Compression Therapy), By Application (Varicose Vein Treatment, Deep Vein Thrombosis Treatment, Lymphedema Treatment, Leg Ulcer Treatment), Industry Analysis Report, Regional Outlook, COVID-19 Impact Analysis, Growth Potential, Competitive Market Share & Forecast, 2022 - 2030

The compression therapy market is set to register significant growth through 2030 owing to persistently increasing cases of venous disorders resulting from unhealthy lifestyles and other related factors.

Key industry players have been engaging in technological innovation, geographical expansion, and product launches to enhance their business presence, thereby improving the overall dynamics of the compression therapy market. For instance, in August 2022, Cryo Club Houston, a cryotherapy wellness center, opened a new branch in Missouri city. The wellness center would offer compression therapy, among other treatments.

Similarly, in July 2022, health & wellness expert VIDA Fitness Brands announced its plans to open a new fitness facility at Reston Row Plaza. The new facility is intended to provide a combination of wellness, health, and beauty to the residents of Reston and guests staying at JW Marriott. This will be the first outlet by the company to offer its services to the non-residents of the Dulles corridor. This facility is purposed to include an oxygen treatment & recovery center with compression therapy.

In another instance, in August 2022, Merit Medical Systems, a leading healthcare technology specialist, added the SafeGuard Focus Cool Compression Device to its SafeGuard platform. This new compression device is based on the original SafeGuard Focus, which helps in hemostasis in patients with ICD pockets and pacemakers. The newly launched SafeGuard Focus Cool promises the same performance with an easy-to-prepare colling solution that works without refrigeration and is ideal for the lab environment.

The compression therapy market has been bifurcated in terms of technology, product, application, and region.

On the basis of product, the market has been segmented into compression braces, compression pumps, compression tapes, and compression garments. Among these, the compression pumps segment is expected to register substantial growth in the upcoming time period to reach a valuation of above $658 million by 2030 as they help decrease outpatient hospital visits and inpatient hospitalization. Moreover, these products increase blood circulation in affected body parts, and are thus, helpful in treating painful symptoms.

In the context of application, the compression therapy industry has been divided into varicose vein treatment, lymphedema treatment, leg ulcer treatment, deep vein thrombosis treatment, and others. The lymphedema treatment segment is poised to grow significantly over the review timespan due to rising cases of lymphedema during cancer diagnoses across the world.

In the regional context, the Europe compression therapy market is set to record substantial growth through 2030. Increasing geriatric population, mounting incidences of venous disorders, and the developed healthcare infrastructure in the region are likely to propel market expansion.