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  • Published On : Jul 2022
  • Code : CMI544
  • Industry : Medical Devices
  • Pages : 340
  • Formats :

Compression therapy uses controlled pressure to increase blood flow in the legs and improve blood flow to the heart. Simultaneously, it supports the veins and decreases swelling.

Types of compression:

  • Compression Stocking
  • Compression Wraps
  • Mechanical Compression Devices

Compression therapy products are used to treat various diseases which includes varicose vein, deep vein thrombosis, lymphedema, and leg ulcers.     

Compression therapy involves products such as compression garments, compression stocking, compression bandages, compression tapes, and compression pumps.

Compression therapy market is estimated to be valued at US$ 3,336.4 million in 2022 and is expected to exhibit a CAGR of 5.9 % over the forecast period (2022-2030)

Figure 1. Global Compression Therapy Market Value (US$ Mn), By Region, 2022

Compression Therapy  | Coherent Market Insights

Increasing venous diseases patients worldwide is expected to drive growth of the global compression therapy market over the forecast period.

For instance, according to an article published in Annals of Vascular Surgery in December 2021, a total of 869,220 surgeries were performed to treat chronic venous diseases over twelve years of span from 2008-2019 in Brazil, with an overall rate of 4.52 procedures per 10,000 population per year.

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Compression Therapy Market Report Coverage

Report Coverage Details
Base Year: 2021 Market Size in 2022: US$ 3,336.4 Mn
Historical Data for: 2017 to 2020 Forecast Period: 2022 to 2030
Forecast Period 2022 to 2030 CAGR: 5.9 % 2030 Value Projection: US$ 5,296.7 Mn
Geographies covered:
  • North America: U.S. and Canada
  • Latin America: Brazil, Argentina, Mexico, and Rest of Latin America
  • Europe: Germany, U.K., Spain, France, Italy, Russia, and Rest of Europe
  • Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, and Rest of Asia Pacific
  • Middle East: GCC Countries, Israel, and Rest of Middle East
  • Africa: South Africa, North Africa, and Central Africa
Segments covered:
  • By Technology: Static Compression Therapy, Dynamic Compression Therapy
  • By Product Type: Compression Garments, Compression Stockings, Compression Bandages, Compression Tapes, Compression Pumps
  • By Application: Varicose Vein, Deep Vein Thrombosis, Lymphedema, Leg Ulcer
  • By Distribution Channel: Pharmacies, E-Commerce, Others (Speciality stores, Supermarkets, etc.)
Companies covered:

BSN medical, SIGVARIS, medi GmbH & CO KG, Actile Medical, Innothera, PAUL HARTMANN AG, DJO Global, Inc., Devon Medical Products, ElastiMed, KT Health, IntelliSkin, 3M, Biocompression Systems, Inc., Medtronic and Other prominent players

Growth Drivers:
  • Increasing venous disease patients
  • Increasing product launches 
Restraints & Challenges:
  • Availability of alternative therapies
  • Lack of awareness regarding compression therapies

Figure 2. Global Compression Therapy Market Share (%), By Product Type, 2022

Compression Therapy  | Coherent Market Insights

Increasing product launches and approvals are expected to drive market growth over the forecast period.

For instance, in April 2018 Tactile Systems Technology, Inc. a company which develops and markets at home therapy devices that treat lymphedema and chronic venous insufficiency had launched next generation Flexitouch system: Flexitouch plus. Flexitouch plus was the third generation of the company’s Flexitouch system and featured several key enhancements over prior generations, specifically the Flexitouch plus system’s controller, which had enhanced with a color display, the systems enhanced controller also enabled patients to treat two legs simultaneously, allowing them to complete bilateral therapy in less time. Moreover, the Flexitouch plus systems garments had been redesigned to provide improved fit, comfort and coverage and allow patients to wear it easily.

Moreover, AIROS Medical, Inc., a medical technology manufacturer specializing in compression therapy products, announced the launch of its updated AIROS 6 Sequential Compression Therapy device and Arm Plus garments (U.S. Food and Drug Administration (FDA) 510(k) cleared). The AIROS 6 uses pneumatic air compression to inflate accessory garments worn on the affected area of the body. It is used for the treatment of lymphedema in the arm, shoulder, chest, and back.

Global Compression Therapy Market – Impact of Coronavirus (COVID-19) Pandemic

The coronavirus (COVID-19) outbreak was first reported on December 31, 2019, in Wuhan, China. The World Health Organization declared COVID-19 a pandemic on March 11, 2020. According to the Coronavirus (COVID-19) Weekly Epidemiological Update by the World Health Organization, over 545,226,550 cases of coronavirus disease (COVID-19) were reported till 1 July, 2022, across the globe.

The present global COVID-19 epidemic has had a substantial influence on markets in a variety of sectors. In terms of global economic conditions, the geographical impact of the pandemic on enterprises, government laws and preventive regulations, demand from end users, supply chain and logistics issues, and the majority of industries are undergoing a moment of uncertainty.

Increasing in venous problems in hospitalized patients as a result of sleeping in one position for a long time during their hospital stay, Covid-19 has had a substantial impact on compression therapy market growth.

For instance, according to the study published in Plos One, titled 'Upper extremity deep vein thrombosis (UEDVT) in COVID-19: Incidence and correlated risk factors in a cohort of non-Intensive care unit (ICU) patients' in January 2022, despite sufficient prophylaxis, UEDVT can develop in COVID-19 patients, particularly those who use helmet continuous positive airway pressure (CPAP) ventilation therapy.

The private healthcare sector is facing challenges such as investing additional manpower, equipment, consumables, and other resources to ensure 100% preparedness for safety in hospitals and the eventual treatment of patients needing compression therapy, alongside the sharp drop in out-patient facilities, surgeries, and international patients.

Global Compression Therapy Market Restraint

Several alternative therapies have advantages over compression therapy, such as fewer or no side effects, reduced pain during and after treatment, and a shorter hospital stay.

Moreover, unlike compression therapy, these alternative therapies address the entire disease rather than just the symptoms. Laser and radiofrequency ablation, for example, are frequently used to treat varicose veins.

Key Players

Major players operating in the global compression therapy market are BSN medical, SIGVARIS, medi GmbH & CO KG, Actile Medical, Innothera, PAUL HARTMANN AG, DJO Global, Inc., Devon Medical Products, ElastiMed, KT Health, IntelliSkin, 3M, Biocompression Systems, Inc., Medtronic and Other prominent players.

Compression therapy is used to increase blood flow in the lower limbs by strengthening vein support. Compression therapy is a treatment that can help alleviate aching and loosen constriction between the walls of the veins. The process works by gently applying pressure to the ankles and legs to slowly stretch out vein walls and improve overall circulation, which in turn helps to eliminate swelling. The pressure applied from compression therapy does not slow blood flow, however the pressure actually increases the blood flow. So, the improved circulation can help promote healing, and the pressure prevents blood from pooling in the veins.

The most common form of compression therapy is wearing stockings that supports the vein and increase circulation in the legs. The stocking apply pressure evenly over a sore or painful area. A patient wears the stocking during the day and removes them when in bed.

Market Dynamics

Increasing patient population of lymphedema patients, rising research and development activities, and increasing adoption of inorganic growth strategies such as mergers, acquisitions, partnership, and collaboration by key players operating in market are the major factors that are expected to drive growth of the global compression therapy market over the forecast period.

For instance, according to an article published in National Center for Biotechnology Information in June 2021, secondary lymphedema affects approximately 1 in 1000 Americans.

Key features of the study:

  • This report provides in-depth analysis of the global compression therapy market, and provides market size (US$ Mn) and compound annual growth rate (CAGR%) for the forecast period (2022–2030), considering 2021 as the base year
  • It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends,  regional outlook, and competitive strategies adopted by key players
  • It profiles key players in the global compression therapy market based on the following parameters – company overview, financial performance, product portfolio, market presence, distribution strategies, key developments, strategies, and future plans
  • Key companies covered as a part of this study include BSN medical, SIGVARIS, medi GmbH & CO KG, Actile Medical, Innothera, PAUL HARTMANN AG, DJO Global, Inc., Devon Medical Products, ElastiMed, KT Health, IntelliSkin, 3M, Biocompression Systems, Inc., Medtronic and Other prominent players.
  • Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
  • The global compression therapy market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
  • Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global compression therapy market

Detailed Segmentation:

  • Global Compression Therapy Market, By Technology:
    • Static Compression Therapy
    • Dynamic Compression Therapy
  • Global Compression Therapy Market, By Product Type:
    • Compression Garments
    • Compression Stockings
    • Compression Bandages
    • Compression Tapes
    • Compression Pumps
  • Global Compression Therapy Market, By Application:
    • Varicose Vein
    • Deep Vein Thrombosis
    • Lymphedema
    • Leg Ulcer
  • Global Compression Therapy Market, By Distribution Channel:
    • Pharmacies
    • E-Commerce
    • Others (Specialty Stores, Supermarkets, etc.)
  • Global Compression Therapy Market, By Region:
    • North America
      • By Country
        • U.S.
        • Canada
    • Latin America
      • By Country
        • Brazil
        • Mexico
        • Argentina
        • Rest of Latin America
    • Europe
      • By Country
        • Germany
        • U.K.
        • France
        • Italy
        • Spain
        • Russia
        • Rest of Europe
    • Asia Pacific
      • By Country
        • China
        • India
        • Japan
        • Australia
        • South Korea
        • ASEAN
        • Rest of Asia Pacific
    • Middle East
      • By Country
        • GCC
        • Israel
        • Rest of Middle East
    • Africa
      • By Region
        • South Africa
        • Central Africa
        • North Africa
  • Company Profiles
    • BSN Medical.*
      • Company Overview
      • Material Portfolio
      • Financial Performance
      • Key Highlights
      • Market Strategies
    • SIGVARIS
    • medi GmbH & CO KG
    • Actile Medical
    • Innothera
    • PAUL HARTMANN AG
    • DJO Global, Inc.
    • Devon Medical Products
    • ElastiMed
    • KT Health
    • IntelliSkin
    • 3M
    • Biocompression Systems, Inc
    • Medtronic
    • Other prominent players.

“*” marked represents similar segmentation in other categories in the respective section.

Frequently Asked Questions

The global compression therapy market size is estimated to be valued at US $ 3,336.4 million in 2022 and is expected to exhibit a CAGR of 5.9 % between 2022 and 2030.
Increasing population of venous diseases is expected to drive the market growth.
Compression stocking is expected to hold major market share, owing to increasing varicose veins patients.
North America holds the largest market share in the market.
Availability of alternative therapies and lack of awareness regarding compression therapies is expected to hinder growth of the market.
Major players operating in the market include BSN medical, SIGVARIS, medi GmbH & CO KG, Actile Medical, Innothera, PAUL HARTMANN AG, DJO Global, Inc., Devon Medical Products, ElastiMed, KT Health, IntelliSkin, 3M, Biocompression Systems, Inc., Medtronic and Other prominent players.

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