Compression Therapy Market: Growth, Size, Share, and Trends

Report Code MD 5515
Published in Jan, 2023, By MarketsandMarkets™
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Compression Therapy Market by Technique, Product (Bandages, Wraps, Stockings, Tapes, Ortho Braces, Pump), Application (Varicose Vein, DVT, Lymphedema Ulcer), Distribution Channel (Hospitals, Clinics, Pharmacies, E-Commerce) & Region - Global Forecast to 2027

Overview

The global compression therapy market growth forecasted to transform from USD 3.7 billion in 2022 to USD 4.9 billion by 2027, driven by a CAGR of 5.5%.

The growth of the compression therapy market is majorly attributed to factors such as the rising target population suffering from lifestyle-related diseases and vascular diseases, such as obesity, diabetes, lymphedema. Moreover, growing incidence of sports injuries and accident and rising geriatric patient population along with the increasing number of orthopedic surgeries are likely to boost the demand for compression therapy products. However, lack of uniform standard for compression therapy along with the lower patient compliance is anticipated to hinder the growth of the market.

Attractive Opportunities in the Compression Therapy Market

Asia Pacific

Market growth in the Asia Pacific can be attributed to the rising per capita healthcare expenditure across emerging Asian countries and the rapid expansion in the target patient population.

Growth in this market is largely driven by the rising target patient population, increasing incidence of sports injuries and accidents, and clinical evidence favoring the adoption of compression therapy in the management of target diseases

Emerging countries are expected to offer growth opportunities for players in the compression therapy market owing to rising patient awareness regarding the benefits of compression therapy in target disease management during the forecast period.

The North American compression therapy market is projected to reach USD XX million by 2027, growing at a CAGR of XX% during the forecast period.

The Asia Pacific is the fastest-growing regional market for compression therapy, with China and India emerging as major growth hotspots.

Global Compression Therapy Market Dynamics

Drivers: Growing incidence of sports injuries and accidents

Cell and gene therapies are advanced therapies used to treat a wide range of diseases such as cancer, cystic fibrosis, heart disease, and genetic disorders. Cell therapy is referred to a therapy in which viable cells are injected or implanted into patient’s body to get therapeutic effects. On the other hand, gene therapy is the medical technology used to produce therapeutic effect through manipulation of gene expressions. Thus, cell and gene therapies are widely used for the treatment of genetic and rare diseases. The adoption of cell & gene therapy has increased over the last few years, and this trend is expected to continue in the coming years due to the high and rising incidence of cancer and other rare diseases. For instance, to data released by GLOBOCAN in 2020, it was estimated that 19.3 million cases new cancer cases and 10.0 million cancer deaths occurred in 2020. The global cancer burden is expected to be 28.4 million cases in 2040, a 47% rise from 2020. Therefore, increasing need of cell & gene therapy due to rising prevalence of chronic diseases is propelling the growth of transfection technologies market.

Restraint: Low patient compliance with compression garments

Patient non-compliance to compression products and non-adherence to treatment protocols are the common issues related to compression therapy. The non-compliance rate increases particularly in long-term treatments, where the primary aim is to prevent the occurrence of a specific condition (such as the occurrence/reoccurrence of ulcers). Since compression therapy is generally used as a preventive therapy in a majority of cases, the compliance rate of patients to the therapy decreases over time. Moreover, conditions such as pain, swelling, and skin irritation are associated with the regular use of compression garments.

 

Opportunity: Increased sales of off-the-shelf and online products

some products (such as low-pressure compression stockings, bandages, and wraps) are increasingly being sold through pharmacies and retailers (off-the-shelf) and e-commerce websites since their use does not require authorization from medical professionals. Such products are regularly used by patients as preventive measures to avoid injuries

Increasing sales of compression products through e-commerce websites and off-the-shelf channels across mature markets are expected to offer significant growth opportunities for the manufacturers of compression therapy products.

Global Compression Therapy Market Ecosystem Analysis

 

Compression bandages segment accounted for the largest market share of the compression therapy market, by product in 2021

Based on product, the compression therapy market is segmented into compression bandages, compression wraps, compression stockings, compression tapes, compression pumps, compression braces, and other compression garments. The compression therapy market is segmented into compression garments, compression braces, and compression pumps. Compression bandages are expected to account for the largest share of the compression therapy market in 2021.

Compression bandages are the first line of treatment of venous diseases and are used to prevent their recurrence during compression therapy. The increasing prevalence of diabetes and the rising geriatric population prone to venous ulcers, foot ulcers, varicose veins, edema and growing availability of compression bandages in the market are expected to support the growth of the compression bandages market during the forecast period

Varicose vein treatment segment accounted for the largest market share of the compression therapy market by application in 2021

On the basis of application, the compression therapy market is segmented into varicose vein treatment, deep vein thrombosis treatment, lymphedema treatment, leg ulcer treatment, and other applications. Varicose vein treatment segment accounted for the largest market share of the compression therapy market during the forecast period high preference for compression therapy as first line of therapy for the treatment & management of varicose vein among end users.

Moreover, the demand for compression therapy products in varicose vein treatment is expected to witness significant growth during the forecast period owing to the growing prevalence of varicose veins as well as the increasing prevalence of major risk factors, such as age-related degeneration, obesity, and hypertension

The Asia Pacific market is expected to grow at the highest CAGR during the forecast period

The global compression therapy market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. In 2021, North America is expected to account for the largest share of the compression therapy market.

Asia Pacific is projected to register the highest growth during the forecast period. This can primarily be attributed to the rising geriatric population along with growing significant prevalence of orthopedic and diabetes-related diseases in this population in asian countries, especially in China and India.

Moreover, the rising per capita healthcare expenditure across emerging Asian countries, increasing localized product manufacturing, and the increasing focus of global product manufacturers on expanding their presence in APAC countries are also supporting the growth of the compression therapy market in Asia Pacific during the forecast period.

HIGHEST CAGR MARKET IN 2022

Recent Developments of Compression Therapy Market

  • In 2022, DJO acquired the EXCYABIR hip brace and the CryoKnee knee brace from Outcome-based Technologies to build its portfolio of bracing solutions, specifically in the fast-growing hip bracing category.
  • In 2021, Essity acquired with ABIGO Medical. The acquisition added to the company’s wound care product portfolio.

Key Market Players

KEY PLAYERS IN THE COMPRESSION THERAPY MARKET INCLUDE

  • DJO Global, Inc. (US)
  • BSN medical (US)
  • medi GmbH & Co. KG (Germany)
  • Tactile Medical (US)
  • SIGVARIS (Switzerland)
  • Sanyleg S.r.l. (Italy)
  • 3M Company (US)
  • ConvaTec Inc. (US)
  • ArjoHuntleigh (Getinge Group, Sweden)
  • Julius Zorn GmbH (Germany)

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Scope of the Report

Report Metric Details
Market Size available for years 2020-2027
Base Year Considered 2021
Forecast period 2022-2027
Forecast units Value (USD)
Segments covered Product, Technique, Application, Distribution Channel, And Region
Geographies covered North America, Europe, Asia Pacific, Latin America, and Middle East & Africa

Key Questions Addressed by the Report

What is the expected addressable market value of compression therapy over a 5-year period?
The global compression therapy market is projected to grow from USD 3.7 billion in 2022 to USD 4.9 billion by 2027, demonstrating a robust CAGR of 5.5%.
Which product segment is expected to garner highest market share within the compression therapy market?
Based on product compression bandages segment accounted for the highest market share
What are the strategies adopted by the top market players to penetrate across emerging regions?
The key growth strategies adopted by the top players in this market include product launches and approvals; agreements and partnerships; expansions; and acquisitions.
What are the major factors expected to limit the growth of the compression therapy market?
Lack of universally accepted standards for compression products. Low patient compliance for compression garments.
What is the adoption pattern for compression therapy across major healthcare markets?
In 2021, North America is expected to account for the largest share of the compression therapy market. This can majorly be attributed to the rising number of orthopedic and spinal surgeries; growing number of patients suffering from DVT, varicose veins, and lymphedema; increasing incidence of sports injuries; and the presence of a number of compression therapy product manufacturers in the region.

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Table of Contents

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TITLE
PAGE NO
INTRODUCTION
20
RESEARCH METHODOLOGY
26
EXECUTIVE SUMMARY
38
PREMIUM INSIGHTS
42
MARKET OVERVIEW
47
  • 5.1 INTRODUCTION
  • 5.2 MARKET DYNAMICS
    DRIVERS
    - Large target patient population
    - Growing incidence of sports injuries and accidents
    - Increasing number of orthopedic procedures
    - Greater product affordability and market availability
    - Clinical evidence favoring adoption of compression therapy for management of target conditions
    RESTRAINTS
    - Lack of universally accepted standards for compression products
    - Low patient compliance with compression garments
    OPPORTUNITIES
    - Growth potential offered by emerging markets
    - Growing patient awareness regarding benefits of compression therapy
    - Increased sales of off-the-shelf and online products
    CHALLENGES
    - Significant adoption of alternative therapies for specific target indications
    - Increasing pricing pressure on market players
  • 5.3 PORTER’S FIVE FORCES ANALYSIS
    OVERVIEW
    BARGAINING POWER OF BUYERS
    BARGAINING POWER OF SUPPLIERS
    THREAT FROM NEW ENTRANTS
    THREAT FROM SUBSTITUTES
    INTENSITY OF COMPETITIVE RIVALRY
  • 5.4 PRICING TREND ANALYSIS
    AVERAGE SELLING PRICE, BY PRODUCT
    AVERAGE SELLING PRICE, BY REGION
  • 5.5 TECHNOLOGY ANALYSIS
    WIRELESS BIOSENSORS
    GARMENT MANUFACTURING TECHNOLOGIES
  • 5.6 REGULATORY ANALYSIS
    NORTH AMERICA
    - US
    - Canada
    EUROPE
    ASIA PACIFIC
    - Japan
    - China
    - India
  • 5.7 REIMBURSEMENT SCENARIO
  • 5.8 VALUE CHAIN ANALYSIS
  • 5.9 SUPPLY CHAIN ANALYSIS
    PROMINENT COMPANIES
    SMALL & MEDIUM-SIZED ENTERPRISES
    END USERS
  • 5.10 ECOSYSTEM ANALYSIS
    PARENT MARKET: ORTHOPEDIC IMPLANTS, SURGICAL DEVICES, AND SUPPORT PRODUCTS
  • 5.11 PATENT ANALYSIS
  • 5.12 TRADE ANALYSIS
  • 5.13 KEY CONFERENCES & EVENTS, 2022–2023
    COMPRESSION THERAPY MARKET: LIST OF MAJOR CONFERENCES & EVENTS
  • 5.14 KEY STAKEHOLDERS & BUYING CRITERIA
    KEY STAKEHOLDERS IN BUYING PROCESS, BY DISTRIBUTION CHANNEL
    BUYING CRITERIA
COMPRESSION THERAPY MARKET, BY TECHNIQUE
79
  • 6.1 INTRODUCTION
  • 6.2 STATIC COMPRESSION THERAPY
    PROCEDURAL ADVANTAGES OF STATIC COMPRESSION THERAPY TO DRIVE GROWTH
  • 6.3 DYNAMIC COMPRESSION THERAPY
    RISING INCIDENCE OF TARGET CONDITIONS TO SUPPORT MARKET
COMPRESSION THERAPY MARKET, BY PRODUCT
83
  • 7.1 INTRODUCTION
  • 7.2 COMPRESSION BANDAGES
    LIMITED AVAILABILITY OF MEDICAL REIMBURSEMENTS FOR VARICOSE VEIN SURGERIES TO RESTRAIN MARKET GROWTH
  • 7.3 COMPRESSION WRAPS
    RISING GERIATRIC POPULATION AND INCREASING INCIDENCE OF SPORTS INJURIES TO DRIVE MARKET
  • 7.4 COMPRESSION STOCKINGS
    CLASS I COMPRESSION STOCKINGS
    - Advantages such as comfort and durability to drive demand for class I stockings
    CLASS II COMPRESSION STOCKINGS
    - Increasing number of lymphedema and DVT patients to fuel demand
    CLASS III COMPRESSION STOCKINGS
    - High level of compression provided to boost adoption of class III stockings
  • 7.5 COMPRESSION TAPES
    ABILITY TO PREVENT FURTHER MUSCLE INJURY TO DRIVE DEMAND FOR COMPRESSION TAPES
  • 7.6 COMPRESSION PUMPS
    INTERMITTENT PUMPS
    - Availability of wide range of intermittent pumps with varying designs and complexity to boost demand
    SEQUENTIAL PUMPS
    - Wide usage to prevent development of DVT to boost growth
  • 7.7 COMPRESSION BRACES
    RISING NUMBER OF JOINT REPLACEMENT SURGERIES TO SUPPORT MARKET
  • 7.8 OTHER COMPRESSION GARMENTS
COMPRESSION THERAPY MARKET, BY APPLICATION
105
  • 8.1 INTRODUCTION
  • 8.2 VARICOSE VEIN TREATMENT
    GROWING GLOBAL PREVALENCE OF VARICOSE VEINS TO DRIVE MARKET
  • 8.3 DEEP VEIN THROMBOSIS TREATMENT
    AVAILABILITY OF ALTERNATIVE TREATMENTS FOR DVT TO LIMIT GROWTH
  • 8.4 LYMPHEDEMA TREATMENT
    RISING INCIDENCE OF CANCER TO CONTRIBUTE TO GROWTH
  • 8.5 LEG ULCER TREATMENT
    GROWING DISEASE BURDEN ACROSS MAJOR COUNTRIES TO BOOST MARKET
  • 8.6 OTHER APPLICATIONS
COMPRESSION THERAPY MARKET, BY DISTRIBUTION CHANNEL
113
  • 9.1 INTRODUCTION
  • 9.2 PHARMACIES & RETAILERS
    RISING ADOPTION OF OFF-THE-SHELF PRODUCTS TO SUPPORT MARKET GROWTH
  • 9.3 E-COMMERCE PLATFORMS
    E-COMMERCE PLATFORMS TO REGISTER HIGH CAGR DURING FORECAST PERIOD
  • 9.4 HOSPITALS & CLINICS
    HEALTHCARE INFRASTRUCTURAL IMPROVEMENTS TO BOOST GROWTH
  • 9.5 HOME CARE SETTINGS
    GROWING INCLINATION TOWARD HOME HEALTHCARE TO DRIVE MARKET
    COMPRESSION THERAPY MARKET, BY REGION
COMPRESSION THERAPY MARKET, BY REGION
119
  • 10.1 INTRODUCTION
  • 10.2 NORTH AMERICA
    US
    - Rising number of sports injuries to drive market growth
    CANADA
    - Increasing incidence of target diseases to support growth
  • 10.3 EUROPE
    GERMANY
    - Inconsistent reimbursement for compression therapy products to restrain market growth
    UK
    - Rising prevalence of lymphedema and DVT to drive market
    FRANCE
    - High incidence of diabetes to drive demand for compression therapy
    ITALY
    - Rising awareness about preventive care for musculoskeletal injuries to fuel growth
    SPAIN
    - Growing presence of key manufacturers to increase access to compression therapy products
    REST OF EUROPE
  • 10.4 ASIA PACIFIC
    JAPAN
    - Japan to dominate Asia Pacific compression therapy market
    CHINA
    - Modernization of healthcare facilities to drive market growth
    INDIA
    - Growing number of hip & knee surgeries to support market
    AUSTRALIA
    - Government subsidies related to compression garments for lymphedema patients to promote growth
    SOUTH KOREA
    - Increasing number of plastic surgeries to drive demand for compression garments
    REST OF ASIA PACIFIC
  • 10.5 LATIN AMERICA
    BRAZIL
    - Rising number of cosmetic surgeries to support market
    MEXICO
    - Lack of reimbursement for bracing products to limit growth
    REST OF LATIN AMERICA
  • 10.6 MIDDLE EAST & AFRICA
    UNFAVORABLE REIMBURSEMENT SCENARIO TO HAMPER MARKET GROWTH
COMPETITIVE LANDSCAPE
155
  • 11.1 INTRODUCTION
  • 11.2 STRATEGIES ADOPTED BY KEY PLAYERS
    OVERVIEW OF STRATEGIES ADOPTED BY PLAYERS IN COMPRESSION THERAPY MARKET
  • 11.3 REVENUE SHARE ANALYSIS
  • 11.4 MARKET SHARE ANALYSIS
  • 11.5 COMPETITIVE SITUATIONS AND TRENDS
  • 11.6 COMPANY EVALUATION QUADRANT
  • 11.7 COMPETITIVE LEADERSHIP MAPPING: COMPANY EVALUATION QUADRANT (2021)
    STARS
    EMERGING LEADERS
    PERVASIVE PLAYERS
    PARTICIPANTS
  • 11.8 COMPETITIVE LEADERSHIP MAPPING: START-UP/SME EVALUATION QUADRANT (2021)
    PROGRESSIVE COMPANIES
    STARTING BLOCKS
    RESPONSIVE COMPANIES
    DYNAMIC COMPANIES
  • 11.9 COMPETITIVE BENCHMARKING
  • 11.10 COMPETITIVE SCENARIO
    PRODUCT LAUNCHES
    DEALS
    OTHER DEVELOPMENTS
COMPANY PROFILES
166
  • 12.1 KEY PLAYERS
    3M
    - Business overview
    - Products offered
    - MnM view
    ARJOHUNTLEIGH
    - Business overview
    - Products offered
    - MnM view
    BIO COMPRESSION SYSTEMS, INC.
    - Business overview
    - Products offered
    BSN MEDICAL (A SUBSIDIARY OF ESSITY)
    - Business overview
    - Products offered
    - Recent developments
    - MnM view
    CARDINAL HEALTH, INC.
    - Business overview
    - Products offered
    - Recent developments
    CONVATEC INC.
    - Business overview
    - Products offered
    - Recent developments
    DJO, LLC (A SUBSIDIARY OF COLFAX CORPORATION)
    - Business overview
    - Products offered
    - Recent developments
    - MnM view
    JULIUS ZORN GMBH
    - Business overview
    - Products offered
    - Recent developments
    MEDI GMBH & CO. KG
    - Business overview
    - Products offered
    - Recent developments
    - MnM view
    PAUL HARTMANN AG
    - Business overview
    - Products offered
    - Recent developments
    - MnM view
    SANYLEG S.R.L.
    - Business overview
    - Products offered
    - MnM view
    SIGVARIS GROUP
    - Business overview
    - Products offered
    - Recent developments
    - MnM view
    SMITH & NEPHEW PLC
    - Business overview
    - Products offered
    - Recent developments
    - MnM view
    TACTILE SYSTEMS TECHNOLOGY, INC. (“TACTILE MEDICAL”)
    - Business overview
    - Products offered
    - Recent developments
    - MnM view
    MEGO AFEK LTD.
    - Business overview
    - Products offered
  • 12.2 OTHER PLAYERS
    MEDLINE INDUSTRIES, LP
    GOTTFRIED MEDICAL, INC.
    THERMOTEK, INC.
    BAUERFEIND AG
    OFA BAMBERG GMBH
    ACI MEDICAL, LLC
    AIROS MEDICAL INC.
    BARCELCOM TÊXTEIS, S.A.
    CIZETA MEDICALI S.P.A.
    BÖSL MEDIZINTECHNIK
APPENDIX
216
  • 13.1 DISCUSSION GUIDE
  • 13.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
  • 13.3 CUSTOMIZATION OPTIONS
  • 13.4 RELATED REPORTS
  • 13.5 AUTHOR DETAILS
LIST OF TABLES
 
  • TABLE 1 STANDARD CURRENCY CONVERSION RATES
  • TABLE 2 COMPRESSION THERAPY MARKET: PORTER’S FIVE FORCES ANALYSIS
  • TABLE 3 AVERAGE PRICE OF KEY COMPRESSION THERAPY PRODUCTS, 2021 (USD)
  • TABLE 4 REGIONAL PRICING ANALYSIS OF KEY COMPRESSION THERAPY PRODUCTS, 2021 (USD)
  • TABLE 5 US FDA: MEDICAL DEVICE CLASSIFICATION
  • TABLE 6 US: MEDICAL DEVICE REGULATORY APPROVAL PROCESS
  • TABLE 7 CANADA: MEDICAL DEVICE REGULATORY APPROVAL PROCESS
  • TABLE 8 JAPAN: MEDICAL DEVICE CLASSIFICATION UNDER PMDA
  • TABLE 9 CHINA: CLASSIFICATION OF MEDICAL DEVICES
  • TABLE 10 REIMBURSEMENT CODES FOR VARIOUS PROCEDURES AS OF 2021
  • TABLE 11 IMPORT DATA FOR COMPRESSION STOCKINGS (HS CODE 611510), BY COUNTRY, 2017–2021 (USD)
  • TABLE 12 EXPORT DATA FOR COMPRESSION STOCKINGS (HS CODE 611510), BY COUNTRY, 2017–2021 (USD)
  • TABLE 13 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS, BY DISTRIBUTION CHANNEL (%)
  • TABLE 14 KEY BUYING CRITERIA, BY DISTRIBUTION CHANNEL
  • TABLE 15 COMPRESSION THERAPY MARKET, BY TECHNIQUE, 2020–2027 (USD MILLION)
  • TABLE 16 STATIC COMPRESSION THERAPY MARKET, BY REGION, 2020–2027 (USD MILLION)
  • TABLE 17 DYNAMIC COMPRESSION THERAPY MARKET, BY REGION, 2020–2027 (USD MILLION)
  • TABLE 18 COMPRESSION THERAPY MARKET, BY PRODUCT, 2020–2027 (USD MILLION)
  • TABLE 19 COMPRESSION BANDAGES MARKET, BY REGION, 2020–2027 (USD MILLION)
  • TABLE 20 COMPRESSION BANDAGES MARKET, BY TECHNIQUE, 2020–2027 (USD MILLION)
  • TABLE 21 COMPRESSION BANDAGES MARKET, BY APPLICATION, 2020–2027 (USD MILLION)
  • TABLE 22 COMPRESSION BANDAGES MARKET, BY DISTRIBUTION CHANNEL, 2020–2027 (USD MILLION)
  • TABLE 23 COMPRESSION WRAPS MARKET, BY REGION, 2020–2027 (USD MILLION)
  • TABLE 24 COMPRESSION WRAPS MARKET, BY TECHNIQUE, 2020–2027 (USD MILLION)
  • TABLE 25 COMPRESSION WRAPS MARKET, BY APPLICATION, 2020–2027 (USD MILLION)
  • TABLE 26 COMPRESSION WRAPS MARKET, BY DISTRIBUTION CHANNEL, 2020–2027 (USD MILLION)
  • TABLE 27 COMPRESSION STOCKINGS MARKET, BY TYPE, 2020–2027 (USD MILLION)
  • TABLE 28 COMPRESSION STOCKINGS MARKET, BY REGION, 2020–2027 (USD MILLION)
  • TABLE 29 COMPRESSION STOCKINGS MARKET, BY TECHNIQUE, 2020–2027 (USD MILLION)
  • TABLE 30 COMPRESSION STOCKINGS MARKET, BY APPLICATION, 2020–2027 (USD MILLION)
  • TABLE 31 COMPRESSION STOCKINGS MARKET, BY DISTRIBUTION CHANNEL, 2020–2027 (USD MILLION)
  • TABLE 32 CLASS I COMPRESSION STOCKINGS MARKET, BY REGION, 2020–2027 (USD MILLION)
  • TABLE 33 CLASS II COMPRESSION STOCKINGS MARKET, BY REGION, 2020–2027 (USD MILLION)
  • TABLE 34 CLASS III COMPRESSION STOCKINGS MARKET, BY REGION, 2020–2027 (USD MILLION)
  • TABLE 35 COMPRESSION TAPES MARKET, BY REGION, 2020–2027 (USD MILLION)
  • TABLE 36 COMPRESSION TAPES MARKET, BY TECHNIQUE, 2020–2027 (USD MILLION)
  • TABLE 37 COMPRESSION TAPES MARKET, BY APPLICATION, 2020–2027 (USD MILLION)
  • TABLE 38 COMPRESSION TAPES MARKET, BY DISTRIBUTION CHANNEL, 2020–2027 (USD MILLION)
  • TABLE 39 COMPRESSION PUMPS MARKET, BY TYPE, 2020–2027 (USD MILLION)
  • TABLE 40 COMPRESSION PUMPS MARKET, BY REGION, 2020–2027 (USD MILLION)
  • TABLE 41 COMPRESSION PUMPS MARKET, BY TECHNIQUE, 2020–2027 (USD MILLION)
  • TABLE 42 COMPRESSION PUMPS MARKET, BY APPLICATION, 2020–2027 (USD MILLION)
  • TABLE 43 COMPRESSION PUMPS MARKET, BY DISTRIBUTION CHANNEL, 2020–2027 (USD MILLION)
  • TABLE 44 INTERMITTENT COMPRESSION PUMPS MARKET, BY REGION, 2020–2027 (USD MILLION)
  • TABLE 45 SEQUENTIAL COMPRESSION PUMPS MARKET, BY REGION, 2020–2027 (USD MILLION)
  • TABLE 46 COMPRESSION BRACES MARKET, BY REGION, 2020–2027 (USD MILLION)
  • TABLE 47 COMPRESSION BRACES MARKET, BY TECHNIQUE, 2020–2027 (USD MILLION)
  • TABLE 48 COMPRESSION BRACES MARKET, BY APPLICATION, 2020–2027 (USD MILLION)
  • TABLE 49 COMPRESSION BRACES MARKET, BY DISTRIBUTION CHANNEL, 2020–2027 (USD MILLION)
  • TABLE 50 OTHER COMPRESSION GARMENTS MARKET, BY REGION, 2020–2027 (USD MILLION)
  • TABLE 51 OTHER COMPRESSION GARMENTS MARKET, BY TECHNIQUE, 2020–2027 (USD MILLION)
  • TABLE 52 OTHER COMPRESSION GARMENTS MARKET, BY APPLICATION, 2020–2027 (USD MILLION)
  • TABLE 53 OTHER COMPRESSION GARMENTS MARKET, BY DISTRIBUTION CHANNEL, 2020–2027 (USD MILLION)
  • TABLE 54 COMPRESSION THERAPY MARKET, BY APPLICATION, 2020–2027(USD MILLION)
  • TABLE 55 COMPRESSION THERAPY MARKET FOR VARICOSE VEIN TREATMENT, BY REGION, 2020–2027 (USD MILLION)
  • TABLE 56 COMPRESSION THERAPY MARKET FOR DEEP VEIN THROMBOSIS TREATMENT, BY REGION, 2020–2027 (USD MILLION)
  • TABLE 57 COMPRESSION THERAPY MARKET FOR LYMPHEDEMA TREATMENT, BY REGION, 2020–2027 (USD MILLION)
  • TABLE 58 COMPRESSION THERAPY MARKET FOR LEG ULCER TREATMENT, BY REGION, 2020–2027 (USD MILLION)
  • TABLE 59 COMPRESSION THERAPY MARKET FOR OTHER APPLICATIONS, BY REGION, 2020–2027 (USD MILLION)
  • TABLE 60 COMPRESSION THERAPY MARKET, BY DISTRIBUTION CHANNEL, 2020–2027 (USD MILLION)
  • TABLE 61 COMPRESSION THERAPY MARKET FOR PHARMACIES & RETAILERS, BY REGION, 2020–2027 (USD MILLION)
  • TABLE 62 COMPRESSION THERAPY MARKET FOR E-COMMERCE PLATFORMS, BY REGION, 2020–2027 (USD MILLION)
  • TABLE 63 COMPRESSION THERAPY MARKET FOR HOSPITALS & CLINICS, BY REGION, 2020–2027 (USD MILLION)
  • TABLE 64 COMPRESSION THERAPY MARKET FOR HOME CARE SETTINGS, BY REGION, 2020–2027 (USD MILLION)
  • TABLE 65 COMPRESSION THERAPY MARKET, BY REGION, 2020–2027 (USD MILLION)
  • TABLE 66 NORTH AMERICA: COMPRESSION THERAPY MARKET, BY COUNTRY, 2020–2027 (USD MILLION)
  • TABLE 67 NORTH AMERICA: COMPRESSION THERAPY MARKET, BY TECHNIQUE, 2020–2027 (USD MILLION)
  • TABLE 68 NORTH AMERICA: COMPRESSION THERAPY MARKET, BY PRODUCT, 2020–2027 (USD MILLION)
  • TABLE 69 NORTH AMERICA: COMPRESSION THERAPY MARKET, BY APPLICATION, 2020–2027 (USD MILLION)
  • TABLE 70 NORTH AMERICA: COMPRESSION THERAPY MARKET, BY DISTRIBUTION CHANNEL, 2020–2027 (USD MILLION)
  • TABLE 71 US: COMPRESSION THERAPY MARKET, BY PRODUCT, 2020–2027 (USD MILLION)
  • TABLE 72 CANADA: COMPRESSION THERAPY MARKET, BY PRODUCT, 2020–2027 (USD MILLION)
  • TABLE 73 EUROPE: COMPRESSION THERAPY MARKET, BY COUNTRY, 2020–2027 (USD MILLION)
  • TABLE 74 EUROPE: COMPRESSION THERAPY MARKET, BY TECHNIQUE, 2020–2027 (USD MILLION)
  • TABLE 75 EUROPE: COMPRESSION THERAPY MARKET, BY PRODUCT, 2020–2027 (USD MILLION)
  • TABLE 76 EUROPE: COMPRESSION THERAPY MARKET, BY APPLICATION, 2020–2027 (USD MILLION)
  • TABLE 77 EUROPE: COMPRESSION THERAPY MARKET, BY DISTRIBUTION CHANNEL, 2020–2027 (USD MILLION)
  • TABLE 78 GERMANY: COMPRESSION THERAPY MARKET, BY PRODUCT, 2020–2027 (USD MILLION)
  • TABLE 79 UK: COMPRESSION THERAPY MARKET, BY PRODUCT, 2020–2027 (USD MILLION)
  • TABLE 80 FRANCE: COMPRESSION THERAPY MARKET, BY PRODUCT, 2020–2027 (USD MILLION)
  • TABLE 81 ITALY: COMPRESSION THERAPY MARKET, BY PRODUCT, 2020–2027 (USD MILLION)
  • TABLE 82 SPAIN: COMPRESSION THERAPY MARKET, BY PRODUCT, 2020–2027 (USD MILLION)
  • TABLE 83 HIP AND KNEE SURGERY PROCEDURES (PER 100,000 PEOPLE) IN EUROPEAN COUNTRIES
  • TABLE 84 REST OF EUROPE: COMPRESSION THERAPY MARKET, BY PRODUCT, 2020–2027 (USD MILLION)
  • TABLE 85 ASIA PACIFIC: COMPRESSION THERAPY MARKET, BY COUNTRY, 2020–2027 (USD MILLION)
  • TABLE 86 ASIA PACIFIC: COMPRESSION THERAPY MARKET, BY TECHNIQUE, 2020–2027 (USD MILLION)
  • TABLE 87 ASIA PACIFIC: COMPRESSION THERAPY MARKET, BY PRODUCT, 2020–2027 (USD MILLION)
  • TABLE 88 ASIA PACIFIC: COMPRESSION THERAPY MARKET, BY APPLICATION, 2020–2027 (USD MILLION)
  • TABLE 89 ASIA PACIFIC: COMPRESSION THERAPY MARKET, BY DISTRIBUTION CHANNEL, 2020–2027 (USD MILLION)
  • TABLE 90 JAPAN: COMPRESSION THERAPY MARKET, BY PRODUCT, 2020–2027 (USD MILLION)
  • TABLE 91 CHINA: COMPRESSION THERAPY MARKET, BY PRODUCT, 2020–2027 (USD MILLION)
  • TABLE 92 INDIA: COMPRESSION THERAPY MARKET, BY PRODUCT, 2020–2027 (USD MILLION)
  • TABLE 93 AUSTRALIA: COMPRESSION THERAPY MARKET, BY PRODUCT, 2020–2027 (USD MILLION)
  • TABLE 94 SOUTH KOREA: COMPRESSION THERAPY MARKET, BY PRODUCT, 2020–2027 (USD MILLION)
  • TABLE 95 REST OF ASIA PACIFIC: COMPRESSION THERAPY MARKET, BY PRODUCT, 2020–2027 (USD MILLION)
  • TABLE 96 LATIN AMERICA: COMPRESSION THERAPY MARKET, BY COUNTRY, 2020–2027 (USD MILLION)
  • TABLE 97 LATIN AMERICA: COMPRESSION THERAPY MARKET, BY TECHNIQUE, 2020–2027 (USD MILLION)
  • TABLE 98 LATIN AMERICA: COMPRESSION THERAPY MARKET, BY PRODUCT, 2020–2027 (USD MILLION)
  • TABLE 99 LATIN AMERICA: COMPRESSION THERAPY MARKET, BY APPLICATION, 2020–2027 (USD MILLION)
  • TABLE 100 LATIN AMERICA: COMPRESSION THERAPY MARKET, BY DISTRIBUTION CHANNEL, 2020–2027 (USD MILLION)
  • TABLE 101 BRAZIL: COMPRESSION THERAPY MARKET, BY PRODUCT, 2020–2027 (USD MILLION)
  • TABLE 102 MEXICO: COMPRESSION THERAPY MARKET, BY PRODUCT, 2020–2027 (USD MILLION)
  • TABLE 103 REST OF LATIN AMERICA: COMPRESSION THERAPY MARKET, BY PRODUCT, 2020–2027 (USD MILLION)
  • TABLE 104 MIDDLE EAST & AFRICA: COMPRESSION THERAPY MARKET, BY TECHNIQUE, 2020–2027 (USD MILLION)
  • TABLE 105 MIDDLE EAST & AFRICA: COMPRESSION THERAPY MARKET, BY PRODUCT, 2020–2027 (USD MILLION)
  • TABLE 106 MIDDLE EAST & AFRICA: COMPRESSION THERAPY MARKET, BY APPLICATION, 2020–2027 (USD MILLION)
  • TABLE 107 MIDDLE EAST & AFRICA: COMPRESSION THERAPY MARKET, BY DISTRIBUTION CHANNEL, 2020–2027 (USD MILLION)
  • TABLE 108 STRATEGIES ADOPTED BY KEY COMPRESSION THERAPY PRODUCT MANUFACTURING COMPANIES
  • TABLE 109 COMPRESSION THERAPY MARKET: DEGREE OF COMPETITION
  • TABLE 110 COMPANY PRODUCT FOOTPRINT
  • TABLE 111 COMPANY REGIONAL FOOTPRINT
  • TABLE 112 3M: BUSINESS OVERVIEW
  • TABLE 113 ARJOHUNTLEIGH: BUSINESS OVERVIEW
  • TABLE 114 BIO COMPRESSION SYSTEMS, INC.: BUSINESS OVERVIEW
  • TABLE 115 ESSITY: BUSINESS OVERVIEW
  • TABLE 116 CARDINAL HEALTH, INC.: BUSINESS OVERVIEW
  • TABLE 117 CONVATEC INC.: BUSINESS OVERVIEW
  • TABLE 118 DJO, LLC: BUSINESS OVERVIEW
  • TABLE 119 JULIUS ZORN GMBH: BUSINESS OVERVIEW
  • TABLE 120 MEDI GMBH & CO. KG: BUSINESS OVERVIEW
  • TABLE 121 PAUL HARTMANN AG: BUSINESS OVERVIEW
  • TABLE 122 SANYLEG S.R.L.: BUSINESS OVERVIEW
  • TABLE 123 SIGVARIS GROUP: BUSINESS OVERVIEW
  • TABLE 124 SMITH & NEPHEW PLC: BUSINESS OVERVIEW
  • TABLE 125 TACTILE MEDICAL: BUSINESS OVERVIEW
  • TABLE 126 MEGO AFEK LTD.: BUSINESS OVERVIEW
LIST OF FIGURES
 
  • FIGURE 1 RESEARCH DESIGN
  • FIGURE 2 BREAKDOWN OF PRIMARY INTERVIEWS: BY COMPANY TYPE, DESIGNATION, AND REGION
  • FIGURE 3 RESEARCH METHODOLOGY: HYPOTHESIS BUILDING
  • FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: GLOBAL COMPRESSION THERAPY MARKET
  • FIGURE 5 CAGR PROJECTIONS: SUPPLY-SIDE ANALYSIS
  • FIGURE 6 DATA TRIANGULATION METHODOLOGY
  • FIGURE 7 COMPRESSION THERAPY MARKET, BY PRODUCT, 2022 VS. 2027 (USD MILLION)
  • FIGURE 8 COMPRESSION THERAPY MARKET SHARE, BY TECHNIQUE, 2022 VS. 2027 (USD MILLION)
  • FIGURE 9 COMPRESSION THERAPY MARKET, BY APPLICATION, 2022 VS. 2027 (USD MILLION)
  • FIGURE 10 COMPRESSION THERAPY MARKET SHARE, BY DISTRIBUTION CHANNEL, 2022 VS. 2027
  • FIGURE 11 GEOGRAPHICAL SNAPSHOT OF COMPRESSION THERAPY MARKET
  • FIGURE 12 GROWING INCIDENCE OF SPORTS INJURIES AND FAVORABLE CLINICAL EVIDENCE TO DRIVE MARKET GROWTH
  • FIGURE 13 COMPRESSION PUMPS TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD
  • FIGURE 14 STATIC COMPRESSION THERAPY SEGMENT TO DOMINATE MARKET DURING FORECAST PERIOD
  • FIGURE 15 HOSPITALS & CLINICS TO ACCOUNT FOR LARGEST SHARE OF COMPRESSION THERAPY MARKET IN 2027
  • FIGURE 16 ASIA PACIFIC TO WITNESS FASTEST GROWTH IN MARKET DURING FORECAST PERIOD
  • FIGURE 17 COMPRESSION THERAPY MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
  • FIGURE 18 GERIATRIC POPULATION, BY REGION, 2015 VS. 2030 VS. 2050
  • FIGURE 19 EUROPE: ROAD DEATHS PER MILLION INHABITANTS, BY COUNTRY, 2021
  • FIGURE 20 REASONS FOR NON-COMPLIANCE TO COMPRESSION THERAPY
  • FIGURE 21 CANADA: REGULATORY APPROVAL PROCESS FOR MEDICAL DEVICES
  • FIGURE 22 EUROPE: REGULATORY APPROVAL PROCESS FOR MEDICAL DEVICES (MDR)
  • FIGURE 23 VALUE CHAIN ANALYSIS—MAXIMUM VALUE ADDED DURING MANUFACTURING PHASE
  • FIGURE 24 SUPPLY CHAIN ANALYSIS
  • FIGURE 25 PATENT ANALYSIS
  • FIGURE 26 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS, BY DISTRIBUTION CHANNEL
  • FIGURE 27 KEY BUYING CRITERIA, BY DISTRIBUTION CHANNEL
  • FIGURE 28 NORTH AMERICA: COMPRESSION THERAPY MARKET SNAPSHOT
  • FIGURE 29 ASIA PACIFIC: COMPRESSION THERAPY MARKET SNAPSHOT
  • FIGURE 30 REVENUE SHARE ANALYSIS OF TOP PLAYERS IN COMPRESSION THERAPY MARKET
  • FIGURE 31 COMPRESSION THERAPY MARKET SHARE, BY KEY PLAYER, 2021
  • FIGURE 32 COMPRESSION THERAPY MARKET: COMPETITIVE LEADERSHIP MAPPING (2021)
  • FIGURE 33 COMPRESSION THERAPY MARKET: COMPETITIVE LEADERSHIP MAPPING (SMES/START-UPS) (2021)
  • FIGURE 34 PRODUCT AND GEOGRAPHIC FOOTPRINT ANALYSIS OF TOP PLAYERS IN COMPRESSION THERAPY MARKET
  • FIGURE 35 3M: COMPANY SNAPSHOT (2021)
  • FIGURE 36 ARJOHUNTLEIGH: COMPANY SNAPSHOT (2021)
  • FIGURE 37 ESSITY: COMPANY SNAPSHOT (2021)
  • FIGURE 38 CARDINAL HEALTH, INC.: COMPANY SNAPSHOT (2022)
  • FIGURE 39 CONVATEC INC.: COMPANY SNAPSHOT (2021)
  • FIGURE 40 COLFAX CORPORATION: COMPANY SNAPSHOT (2021)
  • FIGURE 41 PAUL HARTMANN AG: COMPANY SNAPSHOT (2021)
  • FIGURE 42 SMITH & NEPHEW PLC: COMPANY SNAPSHOT (2021)
  • FIGURE 43 TACTILE MEDICAL: COMPANY SNAPSHOT (2021)

 

This study involved four major activities in estimating the current size of the compression therapy market. Exhaustive secondary research was done to collect information on the market, peer market, and parent market. The next step was to validate these findings, assumptions, and market sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were used to estimate the total market size. After that, the market breakdown and data triangulation were done to determine the market size of the segments and sub-segments.

Secondary Research

The secondary sources referred to in this research study include corporate filings (such as annual reports, SEC filings, investor presentations, and financial statements); research journals; and press releases; trade, business, and professional associations. Secondary sources were used to identify and collect useful information for this extensive and commercial study of the compression therapy market. Secondary research was mainly used to obtain key information about the industry’s total pool of key players, market classification and segmentation according to industry trends to the bottom-most level, market trends, and critical developments by both the public and private organizations in the compression therapy market.

The secondary sources referred to for this research study include government sources, independent or public sources, paid/private databases, and research databases, among others. Secondary data was collected and analyzed to arrive at the overall market size of the compression therapy market, which was further validated by primary research. Some of the key secondary sources referred to during the preparation of this report are listed below-

  • Governmental and Intergovernmental Sources & Databases such as World Health Organization (WHO), World Bank, Organisation for Economic Co-operation and Development (OECD), Centers for Disease Control and Prevention (CDC), National Health Service (NHS) among others
  • Business and Research Articles: Springer Nature, The Lancet, PubMed, and US National Library of Medicine, among others
  • Company Sources: Annual reports, SEC filings, regulatory filings, investor presentations, press releases, and financial statements, among others.

Primary Research

Extensive primary research was conducted after acquiring knowledge about the compression therapy market scenario. The compression therapy market comprises several stakeholders, such as end-product manufacturers, raw material providers, and end-users in the supply chain. The demand side of this market is characterized by its end-users, such as hospitals & clinics, pharmacies and retailers, e-commerce platforms, among others. The supply-side is characterized by raw material providers, integrators, and others. Various primary sources from both the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information.

A breakdown of the primary respondents is provided below:

*C-level primaries include CEOs, CFOs, COOs, and VPs.

**Others include sales managers, marketing managers, business development managers, product managers, distributors, and suppliers.

Note: Companies are classified into tiers based on their total revenue; as of 2021, Tier 1 = >USD 10 billion, Tier 2 = USD 1 billion to USD 10 billion, and Tier 3 = < USD 1 billion.

Source: MarketsandMarkets Analysis

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

Both top-down and bottom-up approaches have been used to estimate and validate the size of the compression therapy market and its dependent submarkets. These methods were also used extensively to determine the extent of various sub-segments in the market. The research methodology used to estimate the market size includes the following:

  • The key players in the industry and demand have been identified through extensive secondary research, and their market share has been determined through both primary and secondary research.
  • The industry’s supply chain and market size, in terms of value, have been determined through primary and secondary research processes.
  • All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources. 
  • All the possible parameters that affect the market segments covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.
  • The above-mentioned data was consolidated and added with detailed inputs and analysis from MarketsandMarkets and presented in this report.

Data Triangulation

After arriving at the overall market size—using the market size estimation processes as explained above—the market was split into several segments and subsegments. To complete the whole market engineering process and arrive at the exact statistics of each market segment and subsegment, data triangulation, and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from both the demand and supply sides in the end-use industries.

Report Objectives

  • To define, describe, and forecast the compression therapy market based on product, technique, application, distribution channel, and region
  • To provide detailed information regarding the major factors influencing the growth of the market (such as drivers, restraints, opportunities, and challenges)
  • To analyze the micromarkets with respect to individual growth trends, prospects, and contributions to the overall compression therapy market
  • To analyze the opportunities for stakeholders and provide details of the competitive landscape for market leaders
  • To forecast the revenue of the market segments with respect to five major regions and their countries—North America, Europe, the Asia Pacific, Latin America, and the Middle East & Africa
  • To strategically profile the key global players and comprehensively analyze their market shares and core competencies
  • To track and analyze competitive developments such as product launches, upgrades, and approvals; partnerships, agreements, and collaborations; acquisitions; and expansions in the compression therapy market
  • To benchmark players within the market using the proprietary Competitive Leadership Mapping framework, which analyzes players on various parameters within the broad categories of business and product excellence strategy

 

Previous Versions of this Report

Compression Therapy Market by Technique (Static, Dynamic), Product (Garments (Stockings, Bandages, Wraps), Ortho Braces, Pump), Application (Varicose Vein, DVT, Lymphedema, Leg Ulcer), Distribution (Clinics, Pharmacies, E-Comm) - Global Forecasts to 2026

Report Code MD 5515
Published in Aug, 2021, By MarketsandMarkets™

Compression Therapy Market by Technique (Static, Dynamic), Product (Garment (Stockings, Bandages, Wraps), Braces, Pump), Application (Varicose Vein, DVT, Lymphedema, Leg Ulcer), Distribution (Clinics, Pharmacies, E-Commerce) - Global Forecast to 2025

Report Code MD 5515
Published in Feb, 2020, By MarketsandMarkets™

Compression Therapy Market by Technique (Static, Dynamic), Product (Garment (Stockings, Bandages, Wraps), Braces, Pump), Application (Varicose Vein, DVT, Lymphedema, Leg Ulcer), Distribution (Clinics, Pharmacies, E-Commerce) - Global Forecast to 2025

Report Code MD 5515
Published in Aug, 2017, By MarketsandMarkets™

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Growth opportunities and latent adjacency in Compression Therapy Market

Fiona

May, 2022

Global Compression Therapy Market Size, Forecast 2026. Its data on Market Projection By Technology, Major key players, Growth, Revenue, CAGR, Regional Analysis, Industry Forecast.

Edward

Jun, 2022

Can you share more about how key players are able to retain their position in the global Compression Therapy Market?.

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