Compression Therapy Market

Market Overview:

The global compression therapy market size reached US$ 3.9 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 6.4 Billion by 2032, exhibiting a growth rate (CAGR) of 5.48% during 2024-2032. The rising prevalence of chronic vascular disorders among the masses, a considerable increase in sports related injuries, and continual innovations in compression therapy products and procedures are some of the major factors propelling the compression therapy market.

Compression therapy is a treatment procedure that involves the application of external pressure through specialized garments or devices to manage circulatory and lymphatic conditions. Compression therapy functions by applying pressure to the limbs or affected areas, enhancing blood flow by reducing vein diameter, supporting venous valves to prevent backward flow, and reducing fluid accumulation to prevent swelling. The therapy employs specially designed elastic garments, such as stockings, sleeves, wraps, or bandages, with varying compression levels to accommodate diverse conditions and body parts. By utilizing graduated compression, it helps improve circulation and promote venous return and lymphatic drainage.

The global compression therapy market is primarily driven by the rising awareness for non-invasive compression treatments and its related benefits. This can be attributed to an enhanced focus on healthcare awareness and patient education regarding the management of various chronic vascular conditions. Additionally, a considerable rise in healthcare expenditure, particularly in developing economies, is resulting in higher investments on various compression therapy systems, thereby fueling the market.  In line with this, the rising participation of the masses in sports and fitness activities resulting in a higher incidence of sports-related injuries and muscle strains is also leading to a higher product uptake.  Furthermore, the growing number of surgical procedures, such as orthopedic surgeries, plastic surgeries, and cosmetic surgeries requiring post-operative compression therapy, is creating a positive outlook for the market.

Compression Therapy Market Trends/Drivers

Increasing prevalence of chronic diseases among the masses

The increasing prevalence of chronic diseases, such as lymphedema, deep vein thrombosis (DVT), venous leg ulcers, and varicose veins, is a significant factor that is driving the compression therapy market. Rising incidences of these conditions can be attributed to the growing obesity levels and sedentary lifestyles of the masses. Compression therapy plays an instrumental role in managing the symptoms and preventing complications associated with these chronic ailments, which is resulting in a higher uptake of the therapy. With the increasing awareness regarding the effectiveness of compression therapy as a non-invasive treatment option, the demand for compression therapy procedures is continuously growing.

Rise in geriatric population

The increasing geriatric population is also a major driver in the global compression therapy market. The geriatric population is more susceptible to various age-related conditions, such as venous insufficiency and edema, due to various factors, including reduced mobility, weakened vascular systems, and age-related changes in body composition. Consequently, there is a considerable rise in the demand for effective and minimally invasive treatment options, such as compression therapy, to manage the symptoms and improve the quality of life. The demographic shift is propelling the demand for compression products, such as stockings, sleeves, and other devices that are designed to manage symptoms associated with venous disorders and edema, thereby fueling the market.

Continual technological advancements in compression therapy and related products

Technological advancements in compression therapy are also contributing to the growth of the market. Numerous innovations in product design and materials, such as moisture-wicking fabrics, seamless construction, and adjustable straps, are leading to the development of more comfortable and wearable garments to improve patient comfort and compliance. In addition to this, the advent of improved compression systems, including pneumatic compression devices with automated settings and user-friendly interfaces simplifying compression therapy procedures is resulting in increased patient satisfaction and adoption. Furthermore, the integration of smart features into compression therapy products, such as pressure monitoring sensors and real-time feedback systems, are propelling the market.

Compression Therapy Industry Segmentation

IMARC Group provides an analysis of the key trends in each segment of the global compression therapy market, along with forecasts at the global, regional, and country levels from 2024-2032. Our report has categorized the market based on technology, product and application.

Breakup by Technology:

• Static Compression Therapy
• Dynamic Compression Therapy
   

Static compression therapy dominates the compression therapy market

The report has provided a detailed breakup and analysis of the compression therapy market based on the technology. This includes static compression therapy and dynamic compression therapy. According to the report, static compression therapy represented the largest segment.

Static compression therapy involves the application of graduated compression stockings or socks, which is a highly recommended treatment option for managing chronic venous conditions. The increasing prevalence of CVDs are resulting in a higher uptake of static compression therapy. In addition to this, the rising popularity of static compression therapy as a conservative treatment option for venous disorders for geriatric population that is more susceptible to chronic venous diseases is propelling the segment growth.

On the contrary, the increasing consciousness regarding the management of post-surgical wounds and injury pains, including symptom relief and prevention of complications, is augmenting the demand for dynamic compression therapy. In addition to this, the growing popularity of non-invasive and effective treatment option for various aggressive conditions is driving the dynamic compression therapy segment.

Breakup by Product:

• Compression Pumps
• Compression Stockings
• Compression Bandages
• Compression Tape
   

Compression bandages is the largest segment in compression therapy market

The report has provided a detailed breakup and analysis of the compression therapy market based on the product. This includes compression pumps, compression stockings, compression bandages, and compression tape. According to the report, compression bandages represented the largest segment.

Compression bandages are an essential component in the management and treatment of various types of wounds. They are increasingly preferred by healthcare professions due to the application of controlled pressure to the affected area, including conditions like venous leg ulcers, arterial ulcers, and diabetic foot ulcers. In line with this, the rising demand for promoting faster wound healing and improved blood circulation on wounds and intrusive pain affected areas is resulting in a higher uptake of the product.

The growing number of surgical interventions, such as orthopedic surgeries requiring postoperative care, are leading to a higher adoption of compression pumps, compression stockings and compression tapes. The increasing number of sports activities are also resulting in a higher uptake of these products for reducing muscle fatigue while providing support and aiding in injury prevention and recovery in individuals.

Breakup by Application:

• Lymphedema Treatment
• Leg Ulcer Treatment
• Varicose Vein Treatment
• Deep Vein Thrombosis Treatment
• Others
   

Varicose vein treatment holds a larger share in compression therapy market

A detailed breakup and analysis of the compression therapy market based on the application has also been provided in the report. This includes lymphedema treatment, leg ulcer treatment, varicose vein treatment, deep vein thrombosis treatment, and others. According to the report, varicose vein treatment accounted for the largest market share.

Varicose veins are a common condition among the masses, hence the rising prevalence of varicose veins is resulting in a higher uptake of compression therapy. This can be attributed to various factors, such as sedentary lifestyles, rising obesity rates, and continual hormonal changes.

In line with this, continual advancements in minimally invasive varicose vein treatment techniques, such as endovenous laser treatment (EVLT) and radiofrequency ablation (RFA), are providing an impetus to the segment growth. Also, the growing awareness regarding the consequences of untreated varicose veins, such as extreme pain, swelling, and cosmetic issues, is propelling the demand for effective treatment options, thereby driving the market growth in the segment.

On the other hand, the rising consciousness regarding the importance of early intervention and preventive measures for numerous injuries and chronic pain is driving the demand for lymphedema treatment, leg ulcer treatment, and deep vein thrombosis treatment segments.

Breakup by Region:

• North America
  • United States
  • Canada
• Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Others
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
• Latin America
  • Brazil
  • Mexico
  • Others
• Middle East and Africa
   

North America exhibits a clear dominance, accounting for the largest compression therapy market share

The report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Europe (Germany, France, the United Kingdom, Italy, Spain, and others); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. 

The main factors that are driving the market growth in the North American region include the high prevalence of chronic diseases, such as venous leg ulcers, lymphedema, deep vein thrombosis (DVT), and varicose veins. Additionally, a considerable rise in the geriatric population that is more prone to developing venous and lymphatic disorders is propelling the demand for compression therapy products in the region to manage these conditions.

Additionally, the expansion of the multi-specialty across the region as well as the introduction of improved compression garment designs and the favorable regulatory framework for medical infrastructure and policies are propelling the market in North America. Apart from this, the strong presence of key market players in this region is also acting as a significant growth-inducing factor for the market.

Competitive Landscape

The top players in the global compression therapy market are focusing on continuous product innovations to stay ahead of the competition and gain a competitive edge. They are also expanding their presence in new geographic regions by entering into strategic partnerships, collaborations, and establishing subsidiaries. They are investing heavily in research and development (R&D) activities to expand their product portfolio and enhance efficacy of the compression therapy products. Additionally, the major market players are leveraging numerous channels to promote their products through marketing campaigns, educational programs, and collaborations with healthcare institutions. Furthermore, the companies are focusing on increasing their product availability across online and offline organized retail channels to improve accessibility and convenience for customers.

The report has provided a comprehensive analysis of the competitive landscape in the global compression therapy market. Detailed profiles of all major companies have also been provided. Some of the key players in the global compression therapy market include:

• 3M Company
• Arjo
• Bio Compression Systems
• BSN medical Limited (Essity AB)
• Cardinal Health
• Gottfried Medical Inc
• Julius Zorn GmbH
• medi GmbH & Co. KG
• Paul Hartmann AG
• Sigvaris Inc (Sigvaris AG)
• Spectrum Healthcare

Recent Developments

• In November 2022, 3M Company announced via 3M Health Information Systems (HIS) about the launch of 3M Ambulatory Potentially Preventable Complications (3M AM-PPCs) software. The software specializes in addressing patient safety and quality oversight while helping providers and payers to identify complications in procedures that are performed in ambulatory surgery centers and hospital outpatient departments.
• In September 2021, Arjo received clearance from the US Food and Drug Administration (FDA) for their intermittent pneumatic compression (IPC) solution WoundExpress. The company conducted recent studies showing that WoundExpress can significantly improve lower leg wound management.
• In April 2019, Essity India was formed following the global acquisition of BSN medical with Essity AB, and the business expanded in key regions of India with an enhanced focus on the medical and healthcare solutions.

Report Coverage:

Key Questions Answered in This Report:

• How has the global compression therapy market performed so far, and how will it perform in the coming years?
• What are the drivers, restraints, and opportunities in the global compression therapy market?
• What is the impact of each driver, restraint, and opportunity on the global compression therapy market?
• What are the key regional markets?
• Which countries represent the most attractive compression therapy market?
• What is the breakup of the market based on the technology?
• Which is the most attractive technology in the compression therapy market?
• What is the breakup of the market based on the product?
• Which is the most attractive product in the compression therapy market?
• What is the breakup of the market based on the application?
• Which is the most attractive application in the compression therapy market?
• What is the competitive structure of the global compression therapy market?
• Who are the key players/companies in the global compression therapy market?

Key Benefits for Stakeholders

• IMARC’s report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the compression therapy market from 2018-2032.
• The research study provides the latest information on the market drivers, challenges, and opportunities in the global compression therapy market.
• The study maps the leading, as well as the fastest-growing, regional markets. It further enables stakeholders to identify the key country-level markets within each region.
• Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the compression therapy industry and its attractiveness.
• Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.