Registering a CAGR of 5.4% over the forecast period, the market value of Compression Therapy is expected to reach US$ 4100 million in the year 2027.
Compression therapy is advised immediately following an injury. Compression pumps and tapes are used to improve muscle health, increase blood circulation in the body, and prevent fluid coagulation in the tissue space following an accident. As a result, this therapy is increasingly being used to prevent inflammation and swelling following an injury or trauma.
Compression therapy is becoming more popular as the number of orthopedic procedures increases. Compression therapy market demand is also being driven by an increase in the number of vein disorders and an increase in the geriatric population. Growing patient awareness of treatment options is increasing the number of people opting for compression therapies. Furthermore, technological advancements are increasing the demand for compression therapy products.
Various new developments in compression therapy are expected to drive the growth of this therapy market during the forecast period. Traditional treatment options include single-component compression systems, as well as multi-component and bi-layer compression therapy systems. A crepe layer, wool padding, an elastic bandage, and an elastic cohesive bandage comprise the multi-component system. With each layer of compression added, the interface pressure under the bandages increases, making multiple systems superior and more effective than single-component systems. In addition, an increasing number of industry titans are focusing on the development of advanced compression therapy systems with increased efficacy. For example, AIROS Medical Inc., a medical technology manufacturer specializing in these therapy devices, received FDA approval in January 2020 to market its updated AIROS 8 Sequential Compression Therapy Device and garment system.
The report aspects discussed the profile of the top manufacturers of the global Compression Therapy market. These aspects include the financial status of major companies, trending advancements, and the entire market scenario. Growth of the report has examined the Compression Therapy Market production, demand and growth potential, geographic analysis, as well as current market developments in various regions and countries.
The global Compression Therapy includes the identification and analysis of the various market participants competing in the global market. Prominent competitors 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), and Julius Zorn GmbH (Germany) and others.
AIROS Medical Introduces a New Compression Therapy Device and Garment System to Treat Patients with Breast Cancer
29 MAY 2020—Following multiple regulatory approvals, AIROS® Medical, Inc., a medical technology manufacturer specializing in compression therapy products that treat cancer-related lymphedema and venous complications, announced the launch of its updated AIROS 6 Sequential Compression Therapy device and Arm Plus garments.
The market is segmented based on the type, applications, companies, and regions.
By Type, it is segmented into
By Application, it is segmented into
Due to the high prevalence of venous diseases such as venous leg ulcer and lymphedema in the country, new product launches, and high investment in research and development, the United States dominated the North America compression therapy market and held the largest revenue share of 90% in 2020. According to a National Center for Biotechnology and Information (NCBI) article, approximately 6-7 million people in the United States have advanced venous disease. Furthermore, the presence of several established pharmaceutical companies that are consistently focusing on extensive commercialization and expanding their geographical reach contributes to the region's market growth.
The Compression Therapy Market describes the factors driving the global growth opportunities in upcoming years and highlights market channels. In addition, the report analyzes market size and share, trends, by geographic region, end-use type, and segment. It focuses extensively on revealing a detailed regional analysis. The Global Compression Therapy Market report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry.
Scope of the Report covers the Compression Therapy Market with a detailed analysis of the overall scenario for the market. It also highlights the business participants’ environment in the global marketplace. This report also provides an overview of leading companies covering the latest successful marketing strategies, market contributions, current and historical background, and latest market happenings to help key organizations to grow and generate larger profits. Business players will greatly benefit from this Compression Therapy Market analysis report as it has vital details to provide about regional markets and expected opportunities for the prediction time period 2022-2027. Growth between segments is used to understand the different growth factors that are expected to dominate the market as a whole and to develop strategies to differentiate between key applications and target markets. It further reveals how the worldwide market is working through efficient information graphics.
Report Attributes | Report Details |
Report Title | Compression Therapy Market - Global Growth, Trends and Forecast (2022 - 2027) By Types, By Application, By Regions, and By Key Players: DJO Global, Inc. (US), BSN medical (US), medi GmbH & Co. KG (Germany), Tactile Medical (US) |
Forecast Period 2022 to 2027 CAGR | CAGR of 5.4% over the forecast period (2022-2027) |
By Type |
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By Application |
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By Companies | 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), and Julius Zorn GmbH (Germany) |
Regions Covered |
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Countries Covered |
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Base Year | 2022 |
Historical Year | 2017 to 2021 |
Forecast Year | 2022 to 2027 |
Number of Pages | 115 |
Customization Available | Yes, the report can be customized as per your needs |
What is the study period of this market?
The Compression Therapy Market is studied from 2017 - 2027.
What is the growth rate of the Compression Therapy Market?
The Compression Therapy Market is growing at a CAGR of 5.4% over the next 5 years.
Who are the key players in Compression Therapy Market?
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), and Julius Zorn GmbH (Germany)
What regions does this Compression Therapy Market report cover?
North America (the United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, and Italy)
Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
South America (Brazil, Argentina, Colombia, etc.)
The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)
What are the significant types of Compression Therapy Market?
Static Compression Therapy, Dynamic Compression Therapy
What are the major end-use applications of the Compression Therapy Market?
Venous Leg Ulcers, Deep Vein Thrombosis Treatment, Lymphedema Treatment, Other Applications
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