Compression Therapy Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The compression therapy market is segmented by technology (static compression therapy, and dynamic compression therapy), product, application, and geography

Market Snapshot

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Study Period: 2018 - 2026
Base Year: 2020
Fastest Growing Market: Asia Pacific
Largest Market: North America
CAGR: 4.5 %

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Market Overview

Compression therapy refers to the use of medical purpose-designed stockings to support veins and increase the circulation in the legs. These are issued by the healthcare providers, after which, the medical supply personnel measures the intended leg to ensure maximum therapeutic effects from the stockings. 

The factors such as the growing burden of sports injuries, road accidents or excessive weight gain or obesity, prolonged period stagnant nature of the human body leads to the demand of compression therapy, in order to release the severity of blood flow constriction. As Stanford's Children Health, more than 775,000 children, ages 14 and younger, are treated in hospital emergency rooms for sports-related injuries each year in the United States. Most of the injuries occurred as a result of falls, being struck by an object, collisions, and overexertion during unorganized or informal sports activities. In all such cases, there is a period of using compression therapy for improving the blood flow and better body movement during the treatment. 

Other factors include technological advancements in wound management and growth in the development of preventive and rehabilitative care centers, which use such therapy for patients. Some of the major restrictions to this market is the use of alternative methods of treatment and negligence and lack of awareness regarding compression therapies, particularly across many low and middle-income countries.

Scope of the Report

As per the scope of the report, Compression therapy is a simple and effective means of increasing blood flow activity in the lower limbs through strengthening vein support. It's a form of wound care that aims to gently apply pressure to the ankles and legs by wearing specifically designed stockings. It is being used highly for the treatment of edema and other venous and lymphatic disorders of the lower limb. 

By Technology
Static Compression Therapy
Dynamic Compression Therapy
By Product
Compression Garments
Compression Pumps
Compression Braces
By Application
Venous Leg Ulcers
Deep Vein Thrombosis Treatment
Lymphedema Treatment
Other Applications
Geography
North America
United States
Canada
Mexico
Europe
France
Germany
United Kingdom
Italy
Spain
Rest of Europe
Asia Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
Middle East and Africa
GCC
South Africa
Rest of Middle East and Africa
South America
Brazil
Argentina
Rest of South America

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Key Market Trends

Compression Garments is Expected to Contribute More than Other Products, Over the Forecast Period

For many years, compression garments are highly used in medical treatments. In many of the sportswear, it is an important addition for athletics and fitness activities. It is expected to enhance the performance of the athletes, decrease the possibility of injury, and accelerate the process of recovery. In many of burns cases, it is very helpful in minimizing the formation of hypertrophic scars and enhance the maturation process of scars. 

Also, in a large patient population suffering from arthritis due to the presence of other chronic conditions such as heart disease, diabetes, and obesity, require compression therapy in their daily life to lead a better life. Novel approaches have helped in putting material-based sensor technology such as Electromyography (EMG)-based inertial sensors are used in the smart compression garments. Ulcers and scars are effectively and frequently managed by the proper use of such devices. In addition, there is wide acceptance of compression garments among the hospitals and clinics which promote the use of compression therapy to complete a particular treatment.

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North America is Expected to Dominate Among all Other Regions, over the Forecast Period

North America is expected to dominate this market in terms of revenue generation, over the forecast period. Some of the primary reasons include good awareness regarding early diagnosis of venous ulcers, arthritis, sports injury and patients suffering from road accidents. Venous is a prevalent disease among the industrialized nations. In the United States, millions are affected by arthritis and venous ulcers which generates a high amount of cost to the healthcare sector in the country. However, the boost to the companies at the domestic level by the government and awareness in the society along with better spending power drives the demand for compression therapy adoption rate each year. The presence of many international companies with well-established distribution channel would also help to North America to be the more lucrative market over the forecast period.

Compression Therapy Market - Growth Rate by Region - Image

Competitive Landscape

The technological advancements in terms of inclusion of biosensors and material of clothing used, along with exploring more countries in the low and middle-income countries drives the companies to explore the market over the forecast period. Some of the major companies in the region include 3M, Paul Hartmann AG, Smith & Nephew PLC, Medline Industries, DJO Global, Bio Compression Systems, Inc., among others.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

      1. 4.2.1 Growing Burden of Sports Injuries and Road Accidents

      2. 4.2.2 Technological Advancements in Wound Management

      3. 4.2.3 Growth in Development of Preventive and Rehabilitative Care

    3. 4.3 Market Restraints

      1. 4.3.1 Availability of Alternative Treatments

      2. 4.3.2 Negligence and Lack of Awareness Regarding Compression Therapies

    4. 4.4 Porter’s Five Force Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Technology

      1. 5.1.1 Static Compression Therapy

      2. 5.1.2 Dynamic Compression Therapy

    2. 5.2 By Product

      1. 5.2.1 Compression Garments

      2. 5.2.2 Compression Pumps

      3. 5.2.3 Compression Braces

    3. 5.3 By Application

      1. 5.3.1 Venous Leg Ulcers

      2. 5.3.2 Deep Vein Thrombosis Treatment

      3. 5.3.3 Lymphedema Treatment

      4. 5.3.4 Other Applications

    4. 5.4 Geography

      1. 5.4.1 North America

        1. 5.4.1.1 United States

        2. 5.4.1.2 Canada

        3. 5.4.1.3 Mexico

      2. 5.4.2 Europe

        1. 5.4.2.1 France

        2. 5.4.2.2 Germany

        3. 5.4.2.3 United Kingdom

        4. 5.4.2.4 Italy

        5. 5.4.2.5 Spain

        6. 5.4.2.6 Rest of Europe

      3. 5.4.3 Asia Pacific

        1. 5.4.3.1 China

        2. 5.4.3.2 Japan

        3. 5.4.3.3 India

        4. 5.4.3.4 Australia

        5. 5.4.3.5 South Korea

        6. 5.4.3.6 Rest of Asia-Pacific

      4. 5.4.4 Middle East and Africa

        1. 5.4.4.1 GCC

        2. 5.4.4.2 South Africa

        3. 5.4.4.3 Rest of Middle East and Africa

      5. 5.4.5 South America

        1. 5.4.5.1 Brazil

        2. 5.4.5.2 Argentina

        3. 5.4.5.3 Rest of South America

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Company Profiles

      1. 6.1.1 3M Company

      2. 6.1.2 Arjohuntleigh

      3. 6.1.3 Bio Compression Systems, Inc.

      4. 6.1.4 DJO Global, Inc. (Colfax Corporation)

      5. 6.1.5 Gottfried Medical, Inc.

      6. 6.1.6 Medline Industries, Inc.

      7. 6.1.7 Medtronic PLC

      8. 6.1.8 Paul Hartmann AG

      9. 6.1.9 Smith & Nephew PLC

    2. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability
**Competitive Landscape covers- Business Overview, Financials, Products and Strategies and Recent Developments

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Frequently Asked Questions

The Compression Therapy Market market is studied from 2018 - 2026.

The Compression Therapy Market is growing at a CAGR of 4.5% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

North America holds highest share in 2020.

3M Company, Paul Hartmann, Smith & Nephew PLC, Medline Industries, Inc., DJO Global, Inc. (Colfax Corporation) are the major companies operating in Compression Therapy Market.

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