Global Compression Therapy Market Size, Trends and Growth opportunity, 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 Distribution Channel (Institutional Sales, Hospitals, Clinics, Ambulatory Surgical Centers, Nursing Facilities, Retail Sales, Hospital Pharmacies, Retail Pharmacies, Online Sales), By Application (Varicose Vein Treatment, Deep Vein Thrombosis Treatment, Lymphedema Treatment, Leg Ulcer Treatment), Regional Outlook, Competitive Market Share & Forecast, 2022 – 2027.
Report ID : IR100972 | Industries : Automotive and Transportation | Published On :March 2024 | Page Count : 6
Global Compression Therapy Market Size, Trends and Growth opportunity, 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 Distribution Channel (Institutional Sales, Hospitals, Clinics, Ambulatory Surgical Centers, Nursing Facilities, Retail Sales, Hospital Pharmacies, Retail Pharmacies, Online Sales), By Application (Varicose Vein Treatment, Deep Vein Thrombosis Treatment, Lymphedema Treatment, Leg Ulcer Treatment), Regional Outlook, Competitive Market Share & Forecast, 2022 – 2027.
Global Compression Therapy Market
Global Compression Therapy Market was valued at USD 3.6 billion in 2021 and is expected to reach USD 4.11 billion by 2027, at a CAGR 1.32% from 2022-2027.
Compression Therapy helps increase blood circulation in the lower legs, ankles, and feet. It is an effective treatment for swelling and pain caused by conditions associated with poor circulation, such as chronic venous insufficiency and varicose veins.
Market Drivers
The increase in the prevalence of vein disorders such as deep vein thrombosis, leg ulcers, lymphedema, varicose veins, and blood clots is a high impact driver. Products, especially bandages and stockings are being increasingly used to treat the disorders, thus driving the market growth.
Furthermore, the market is predominantly driven by the growing number of orthopedic procedures because of significant rise in the number of accidents and the obese population globally.
Market Restraints
Compression therapy market growth is estimated to be limited in many developing economies due to a lack of awareness of compression as a viable therapeutic option for the management of lymphatic and venous problems. Also, one of the key roadblocks to the market's expansion is the high cost of compression pumps.
Market Segmentation
The Global Compression Therapy Market is segmented into product, technology, application, and region.
Based on technology, it is segmented in static compression therapy, and dynamic compression therapy. Benefits associated with this technology is believed to drive the inclination of patients and physicians, thus accounting for a dominant share.
Regional Analysis
The Global Compression Therapy Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
The North American region is expected to dominate the compression therapy market with a share of maximum in 2022. This is attributable to favorable government reimbursement plans, growing healthcare awareness level, and high incidence of chronic venous disorders.
Key Players
Various key players are discussed into the Global Compression Therapy Market Report including: Medi GmbH & Co., Paul Hartmann AG, Julius Zorn GmbH, ArjoHuntleigh, SIGVARIS, Cardinal Health, Stryker, 3M Healthcare, Bio Compression Systems, Inc., and BSN Medical GmbH.
Market Taxonomy
By Product
• Compression Garment
• Compression Bandages
• Compression Stockings
• Compression Class I
• Compression Class II
• Compression Class III
• Compression Braces
• Compression Tapes
• Compression Pumps
• Others
By Technology
• Static Compression Therapy
• Dynamic Compression Therapy
By Distribution Channel
• Institutional Sales
• Hospitals
• Clinics
• Ambulatory Surgical Centers
• Nursing Facilities
• Retail Sales
• Hospital Pharmacies
• Retail Pharmacies
• Online Sales
By Application
• Varicose Vein Treatment
• Deep Vein Thrombosis Treatment
• Lymphedema Treatment
• Leg Ulcer Treatment
By Region
• North America
• Latin America
• Europe
• Asia Pacific
• Middle East & Africa
Global Compression Therapy Market
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Compression Therapy Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Compression Therapy Market, By Product
5.1 Y-o-Y Growth Comparison, By Product
5.2 Global Compression Therapy Market Share Analysis, By Product
5.3 Global Compression Therapy Market Size and Forecast, By Product
5.3.1 Compression Garment
5.3.2 Compression Bandages
5.3.3 Compression Stockings
5.3.4 Compression Class I
5.3.5 Compression Class II
5.3.6 Compression Class III
5.3.7 Compression Braces
5.3.8 Compression Tapes
5.3.9 Compression Pumps
5.3.10 Others
6 Global Compression Therapy Market, By Technology
6.1 Y-o-Y Growth Comparison, By Technology
6.2 Global Compression Therapy Market Share Analysis, By Technology
6.3 Global Compression Therapy Market Size and Forecast, By Technology
6.3.1 Static Compression Therapy
6.3.2 Dynamic Compression Therapy
7 Global Compression Therapy Market, By Distribution Channel
7.1 Y-o-Y Growth Comparison, By Distribution Channel
7.2 Global Compression Therapy Market Share Analysis, By Distribution Channel
7.3 Global Compression Therapy Market Size and Forecast, By Distribution Channel
7.3.1 Institutional Sales
7.3.2 Hospitals
7.3.3 Clinics
7.3.4 Ambulatory Surgical Centers
7.3.5 Nursing Facilities
7.3.6 Retail Sales
7.3.7 Hospital Pharmacies
7.3.8 Retail Pharmacies
7.3.9 Online Sales
8 Global Compression Therapy Market, By Application
8.1 Y-o-Y Growth Comparison, By Application
8.2 Global Compression Therapy Market Share Analysis, By Application
8.3 Global Compression Therapy Market Size and Forecast, By Application
8.3.1 Varicose Vein Treatment
8.3.2 Deep Vein Thrombosis Treatment
8.3.3 Lymphedema Treatment
8.3.4 Leg Ulcer Treatment
9 Global Compression Therapy Market, By Region
9.1 Global Compression Therapy Market Share Analysis, By Region
9.2 Global Compression Therapy Market Share Analysis, By Region
9.3 Global Compression Therapy Market Size and Forecast, By Region
10 North America Compression Therapy Market Analysis and Forecast (2022-2027)
10.1 Introduction
10.2 North America Compression Therapy Market Share Analysis, By Product
10.3 North America Compression Therapy Market Size and Forecast, By Technology
10.4 North America Compression Therapy Market Size and Forecast, By Distribution Channel
10.5 North America Compression Therapy Market Size and Forecast, By Application
10.6 North America Compression Therapy Market Size and Forecast, By Country
10.6.1 U.S.
10.6.2 Canada
10.6.3 Mexico
11 Europe Compression Therapy Market Analysis and Forecast (2022-2027)
11.1 Introduction
11.2 Europe Compression Therapy Market Share Analysis, By Product
11.3 Europe Compression Therapy Market Size and Forecast, By Technology
11.4 Europe Compression Therapy Market Size and Forecast, By Distribution Channel
11.5 Europe Compression Therapy Market Size and Forecast, By Application
11.5 Europe Compression Therapy Market Size and Forecast, By Country
11.6.1 Germany
11.6.2 France
11.6.3 UK
11.6.4 Rest of Europe
12 Asia Pacific Compression Therapy Market Analysis and Forecast (2022-2027)
12.1 Introduction
12.2 Asia Pacific Compression Therapy Market Share Analysis, By Product
12.3 Asia Pacific Compression Therapy Market Size and Forecast, By Technology
12.4 Asia Pacific Compression Therapy Market Size and Forecast, By Distribution Channel
12.5 Asia Pacific Compression Therapy Market Size and Forecast, By Application
12.6 Asia Pacific Compression Therapy Market Size and Forecast, By Country
12.6.1 China
12.6.2 Japan
12.6.3 India
12.6.4 Rest of Asia Pacific
13 Latin America Compression Therapy Market Analysis and Forecast (2022-2027)
13.1 Introduction
13.2 Latin America Compression Therapy Market Share Analysis, By Product
13.3 Latin America Compression Therapy Market Size and Forecast, By Technology
13.4 Latin America Compression Therapy Market Size and Forecast, By Distribution Channel
13.5 Latin America Compression Therapy Market Size and Forecast, By Application
13.6 Latin America Compression Therapy Market Size and Forecast, Country
13.6.1 Brazil
13.6.2 Rest of Latin America
14 Middle East Compression Therapy Market Analysis and Forecast (2022-2027)
14.1 Introduction
14.2 Middle East Compression Therapy Market Share Analysis, By Product
14.3 Middle East Compression Therapy Market Size and Forecast, By Technology
14.4 Middle East Compression Therapy Market Size and Forecast, By Distribution Channel
14.5 Middle East Compression Therapy Market Size and Forecast, By Application
14.6 Middle East Compression Therapy Market Size and Forecast, By Country
14.6.1 Saudi Arabia
14.6.2 UAE
14.6.3 Egypt
14.6.4 Kuwait
14.6.5 South Africa
15 Competitive Analysis
15.1 Competition Dashboard
15.2 Market share Analysis of Top Vendors
15.3 Key Development Strategies
16 Company Profiles
16.1 Medi GmbH & Co.
16.1.1 Overview
16.1.2 Offerings
16.1.3 Key Financials
16.1.4 Business Segment & Geographic Overview
16.1.5 Key Market Developments
16.1.6 Key Strategies
16.2 Paul Hartmann AG
16.2.1 Overview
16.2.2 Offerings
16.2.3 Key Financials
16.2.4 Business Segment & Geographic Overview
16.2.5 Key Market Developments
16.2.6 Key Strategies
16.3 Julius Zorn GmbH
16.3.1 Overview
16.3.2 Offerings
16.3.3 Key Financials
16.3.4 Business Segment & Geographic Overview
16.3.5 Key Market Developments
16.3.6 Key Strategies
16.4 ArjoHuntleigh
16.4.1 Overview
16.4.2 Offerings
16.4.3 Key Financials
16.4.4 Business Segment & Geographic Overview
16.4.5 Key Market Developments
16.4.6 Key Strategies
16.5 SIGVARIS
16.5.1 Overview
16.5.2 Offerings
16.5.3 Key Financials
16.5.4 Business Segment & Geographic Overview
16.5.5 Key Market Developments
16.5.6 Key Strategies
16.6 Cardinal Health
16.6.1 Overview
16.6.2 Offerings
16.6.3 Key Financials
16.6.4 Business Segment & Geographic Overview
16.6.5 Key Market Developments
16.6.6 Key Strategies
16.7 Stryker
16.7.1 Overview
16.7.2 Offerings
16.7.3 Key Financials
16.7.4 Business Segment & Geographic Overview
16.7.5 Key Market Developments
16.7.6 Key Strategies
16.8 3M Healthcare
16.8.1 Overview
16.8.2 Offerings
16.8.3 Key Financials
16.8.4 Business Segment & Geographic Overview
16.8.5 Key Market Developments
16.8.6 Key Strategies
16.9 Bio Compression Systems, Inc.
16.9.1 Overview
16.9.2 Offerings
16.9.3 Key Financials
16.9.4 Business Segment & Geographic Overview
16.9.5 Key Market Developments
16.9.6 Key Strategies
16.10 BSN Medical GmbH
16.10.1 Overview
16.10.2 Offerings
16.10.3 Key Financials
16.10.4 Business Segment & Geographic Overview
16.10.5 Key Market Developments
16.10.6 Key Strategies