Compression Therapy Market by Product (Compression Stockings, Compression Pumps, Compression Tape, Compression Bandages), by Technology (Dynamic Compression Therapy, Static Compression Therapy), and by Region - Global Forecast to 2023-2033

The compression therapy market size is estimated to be USD 4,452.4 million in 2022 and is expected to witness a CAGR of 6.51% during the forecast period 2023-2033. Rising demand for orthopedic surgeries and surge in application of compression garments in sports medicine are some of the factors projected to drive the market growth in near future. Furthermore, rising frequency of venous disorders, growing importance of treating sports injuries, and increase in orthopedic procedures worldwide are supporting the market growth. However, presence of alternatives is predicted to limit market growth.

Rising demand for orthopedic surgeries is expected to fuel the market growth during the projected period increase in accidents and the world’s obese population. The large number of orthopedic surgeries is a result of the growing elderly population’s increasing susceptibility to orthopedic problems. Additionally, a prevalent vein problem in the elderly population is varicose veins. For instance, research by the Chicago Vein Institute estimates that by 2022, 50% of Americans over the age of 50 will have varicose veins. The consumption of the products is increasing as a result of these factors.

Surge in application of compression garments in sports medicine is predicted to propel the market growth during the forecast period. Compression garments is being used frequently in sports medicine which is predicted to create profitable expansion chances for the industry. Compression therapy is being used often to reduce swelling and inflammation after an injury or trauma. These products are also widely used to improve blood flow throughout the body and prevent clotting of fluids in tissue both of which support the health of muscles.

Segmentation

By Product

The market is categorized into compression stockings, compression pumps, compression tape, and compression bandages. In 2022, the compression bandages segment accounted for the highest revenue share due to the widespread use in the treatment of lower limb venous and lymphatic problems, and edema. Bandages are said to have been adopted in a variety of venous disorders due to advantages including high tension sustainability and high-cost efficiency, extensibility, and flexibility. Furthermore, the availability of a variety of bandages, including multilayer, long-stretch, and short-stretch options, to meet patient needs and produce better results is driving a strong segment growth. The use of bandages, which are regarded as the gold standard in the treatment of lymphedema due to the prevalence of most vascular diseases and their impact on the market share. Compression pumps are expected to experience a significant CAGR over the upcoming years due to the rise in lymphedema and other venous disorders. Pumps are additionally made to enable the delivery of controlled pressure in line with the severity of the disorder, making them more effective than the alternatives.

By Technology

The market is categorized into dynamic compression therapy and static compression therapy. In the global market, the static compression therapy segment accounted for the largest revenue share in 2022 owing to its high convenience and user-friendliness. This segment has acquired a substantial part of the market due to these products’ enhanced accessibility in treating edema and sports-related injuries to enable pain and pressure relief. This segment has acquired a substantial part of the market Due to these products’ enhanced accessibility in the treatment of edema and sports-related injuries to enable pain and pressure relief. Furthermore, the significant market share held by this segment is also believed to be the result of the high risk of lymphedema, deep vein thrombosis, and chronic venous insufficiency among the ageing and diabetic populations. The dynamic technology is anticipated to increase exponentially throughout the projected period due to the advantages it offers. These advantages include sustained effect, high venous return, and external control.

Regional Markets

In 2022, North America region accounted for the highest revenue in the compression therapy market and is expected to maintain its dominance during the forecast period. This is attributed to ageing population and obesity. In this region, the availability of advantageous government reimbursement programmes and rising healthcare awareness. In this region, the availability of advantageous government reimbursement programmes and rising healthcare awareness are also important growth drivers. Furthermore, a significant factor boosting the market’s expansion in this region is the rising prevalence of chronic vein disorders (CVD). For instance, a research report from 2022 states that CVD is a significant health issue in western nations and that adult population prevalence ranges from 5 to 30%. Asia Pacific is expected to experience profitable growth throughout the predicted period. The market is propelled by significant R&D expenditures by key competitors and ongoing efforts to commercialize products at a relatively reduced cost. Additionally, expanding disposable income, which increases the chance that these products would be used, and continuous healthcare infrastructure upgrades are projected to offer the market lucrative potential growth.

Competitor Insights

Some of the key players operating in the compression therapy market are 3M Health Care, Cardinal Health, Julius Zorn GmbH, Hartmann AG, BSN Medical GmbH, ArjoHuntleigh, Stryker, Medi GmbH & Co., Spectrum Healthcare, Bio Compression Systems, Inc., SIGVARIS, and Gottfried Medical.

To achieve a competitive edge, these companies are implementing a variety of growth strategies. Strategic partnerships, alliances, and agreements with different businesses and research institutions are seen to be the main strategies used by companies in this sector.

  • For instance, Stryker declared the inauguration of its new R&D centre in India in June 2022.

This comprehensive research report focuses on the global and regional market size and forecasts of diverse segments including product and technology from 2022 to 2033.

Report Scope:

Key Parameters Details
Market size in 2022
  • USD 4,452.4 Million
CAGR
  • 6.51%
Base Year
  • 2022
Forecast Period
  • 2023-2033
Study Coverage
  • Global and regional market size and revenue forecast
  • Segment market size and revenue forecast at global, regional, and country level
  • Competitive landscape (company share analysis, company profiles, recent development, competitive map analysis)
  • Conclusion and recommendations
Qualitative Analysis
  • Market drivers
  • Market restraints
  • Market opportunities
  • Recent market trends
  • Market challenges
  • Porter’s Five Forces analysis
  • PEST analysis
  • COVID-19 impact analysis
Segment Market Scope
  • Product
  • Technology
Regional Market Scope
  • North America
    (U.S. and Canada)
  • Europe
    (Germany, France, UK, Spain, Italy, Russia, Rest of Europe)
  • Asia Pacific
    (China, Japan, India, Australia, South Korea, Rest of APAC)
  • Latin America
    (Brazil, Mexico, Argentina, Rest of LATAM)
  • MEA
    (South Africa, GCC, Rest of MEA)
Company Profiles
  • Exhaustive profiles of top 10 players
  • Other major players listing
15% Free Customization Available
  • You can customize the study scope to meet your exact requirement. Click here for more details

Segmentation: Compression Therapy Market Report 2022 – 2033

Product (Revenue, USD Million), 2022 – 2033

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

Technology (Revenue, USD Million), 2022 – 2033

  • Dynamic Compression Therapy
  • Static Compression Therapy

By Region (Revenue, USD Million), 2022 – 2033

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • UK
    • Spain
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • Australia
    • South Korea
    • Rest of APAC
  • Latin America
    • Brazil
    • Mexico
    • Argentina
    • Rest of LATAM
  • Middle East & Africa
    • South Africa
    • Saudi Arabia
    • Rest of MEA

Table of Contents: Compression Therapy Market 2022-2033

  1. Research Methodology
    1. Study Objectives
    2. Study Scope
    3. Research Framework
      1. Research Models
        1. Bottom-up Approach
        2. Top-down Approach
        3. Data Triangulation
      2. Data Analysis
        1. Data Validation
        2. Market Size Estimation
        3. Market Forecast Model
  1. Introduction: Compression Therapy
  2. Executive Summary
  3. Market Dynamics
    1. Market Drivers
      1. Driver 1
      2. Driver 2
      3. Driver 3
      4. Driver 4
      5. Driver 5
    2. Market Restraint
      1. Restraint 1
      2. Restraint 2
      3. Restraint 3
      4. Restraint 4
    3. Market Opportunities
      1. Opportunity 1
      2. Opportunity 2
      3. Opportunity 3
      4. Opportunity 4
    4. Market Trends
      1. Trend 1
      2. Trend 2
      3. Trend 3
      4. Trend 4
    5. Market Challenges
      1. Challenge 1
      2. Challenge 2
      3. Challenge 3
      4. Challenge 4
  1. Market Environment Analysis
    1. Porter’s 5 Forces Analysis
    2. PESTEL Analysis
    3. SWOT Analysis
  2. COVID-19 Impact Analysis: Compression Therapy Market  
  3. Market Analysis by Product
    1. Compression Stockings
      1. Compression Stockings Market Forecast, 2022-2033(USD Million)
    2. Compression Pumps
      1. Compression Pumps Market Forecast, 2022-2033(USD Million)
    3. Compression Tape
      1. Compression Tape Market Forecast, 2022-2033(USD Million)
    4. Compression Bandages
      1. Compression Bandages Market Forecast, 2022-2033(USD Million)
  1. Market Analysis byTechnology
    1. Dynamic Compression Therapy
      1. Dynamic Compression Therapy Market Forecast, 2022-2033(USD Million)
    2. Static Compression Therapy
      1. Static Compression Therapy Market Forecast, 2022-2033(USD Million)
  1. Regional Market Analysis
    1. Regional Market Trends
  2. North America Compression Therapy Market  
    1. North America Compression Therapy Market
      1. North America Market Size and Forecast, 2022-2033(USD Million)
        1. Market Size and Forecast by Product, 2022-2033(USD Million)
        2. Market Size and Forecast by Technology, 2022-2033(USD Million)
      2. S. Compression Therapy Market
        1. S. Market Size and Forecast, 2022-2033(USD Million)
          1. Market Size and Forecast by Product, 2022-2033(USD Million)
          2. Market Size and Forecast by Technology, 2022-2033(USD Million)
        2. Canada Compression Therapy Market
          1. Canada Market Size and Forecast, 2022-2033(USD Million)
            1. Market Size and Forecast by Product, 2022-2033(USD Million)
            2. Market Size and Forecast by Technology, 2022-2033(USD Million)
  1. Europe Compression Therapy Market  
    1. Europe Compression Therapy Market
      1. Europe Market Size and Forecast, 2022-2033(USD Million)
        1. Market Size and Forecast by Product, 2022-2033(USD Million)
        2. Market Size and Forecast by Technology, 2022-2033(USD Million)
      2. Germany Compression Therapy Market
        1. Germany Market Size and Forecast, 2022-2033(USD Million)
          1. Market Size and Forecast by Product, 2022-2033(USD Million)
          2. Market Size and Forecast by Technology, 2022-2033(USD Million)
        2. UK Compression Therapy Market
          1. UK Market Size and Forecast, 2022-2033(USD Million)
            1. Market Size and Forecast by Product, 2022-2033(USD Million)
            2. Market Size and Forecast by Technology, 2022-2033(USD Million)
          2. France Compression Therapy Market
            1. France Market Size and Forecast, 2022-2033(USD Million)
              1. Market Size and Forecast by Product, 2022-2033(USD Million)
              2. Market Size and Forecast by Technology, 2022-2033(USD Million)
            2. Spain Compression Therapy Market
              1. Spain Market Size and Forecast, 2022-2033(USD Million)
                1. Market Size and Forecast by Product, 2022-2033(USD Million)
                2. Market Size and Forecast by Technology, 2022-2033(USD Million)
              2. Italy Compression Therapy Market
                1. Italy Market Size and Forecast, 2022-2033(USD Million)
                  1. Market Size and Forecast by Product, 2022-2033(USD Million)
                  2. Market Size and Forecast by Technology, 2022-2033(USD Million)
                2. Rest of Europe Compression Therapy Market
                  1. Rest of Europe Market Size and Forecast, 2022-2033(USD Million)
                    1. Market Size and Forecast by Product, 2022-2033(USD Million)
                    2. Market Size and Forecast by Technology, 2022-2033(USD Million)
  1. Asia Pacific Compression Therapy Market  
    1. Asia Pacific Compression Therapy Market
      1. Asia Pacific Market Size and Forecast, 2022-2033(USD Million)
        1. Market Size and Forecast by Product, 2022-2033(USD Million)
        2. Market Size and Forecast by Technology, 2022-2033(USD Million)
      2. Japan Compression Therapy Market
        1. Japan Market Size and Forecast, 2022-2033(USD Million)
          1. Market Size and Forecast by Product, 2022-2033(USD Million)
          2. Market Size and Forecast by Technology, 2022-2033(USD Million)
        2. China Compression Therapy Market
          1. China Market Size and Forecast, 2022-2033(USD Million)
            1. Market Size and Forecast by Product, 2022-2033(USD Million)
            2. Market Size and Forecast by Technology, 2022-2033(USD Million)
          2. India Compression Therapy Market
            1. India Market Size and Forecast, 2022-2033(USD Million)
              1. Market Size and Forecast by Product, 2022-2033(USD Million)
              2. Market Size and Forecast by Technology, 2022-2033(USD Million)
            2. South Korea Compression Therapy Market
              1. South Korea Market Size and Forecast, 2022-2033(USD Million)
                1. Market Size and Forecast by Product, 2022-2033(USD Million)
                2. Market Size and Forecast by Technology, 2022-2033(USD Million)
                3. Market Size and Forecast by Device, 2022-2033(USD Million)
              2. Australia Compression Therapy Market
                1. Australia Market Size and Forecast, 2022-2033(USD Million)
                  1. Market Size and Forecast by Product, 2022-2033(USD Million)
                  2. Market Size and Forecast by Technology, 2022-2033(USD Million)
                2. Rest of Asia Pacific Compression Therapy Market
                  1. Rest of Asia Pacific Market Size and Forecast, 2022-2033(USD Million)
                    1. Market Size and Forecast by Product, 2022-2033(USD Million)
                    2. Market Size and Forecast by Technology, 2022-2033(USD Million)
  1. Latin America Compression Therapy Market  
    1. Latin America Compression Therapy Market
      1. Latin America Market Size and Forecast, 2022-2033(USD Million)
        1. Market Size and Forecast by Product, 2022-2033(USD Million)
        2. Market Size and Forecast by Technology, 2022-2033(USD Million)
      2. Brazil Compression Therapy Market
        1. Brazil Market Size and Forecast, 2022-2033(USD Million)
          1. Market Size and Forecast by Product, 2022-2033(USD Million)
          2. Market Size and Forecast by Technology, 2022-2033(USD Million)
        2. Mexico Compression Therapy Market
          1. Mexico Market Size and Forecast, 2022-2033(USD Million)
            1. Market Size and Forecast by Product, 2022-2033(USD Million)
            2. Market Size and Forecast by Technology, 2022-2033(USD Million)
          2. Argentina Compression Therapy Market
            1. Argentina Market Size and Forecast, 2022-2033(USD Million)
              1. Market Size and Forecast by Product, 2022-2033(USD Million)
              2. Market Size and Forecast by Technology, 2022-2033(USD Million)
            2. Rest of Latin America Compression Therapy Market
              1. Rest of Latin America Market Size and Forecast, 2022-2033(USD Million)
                1. Market Size and Forecast by Product, 2022-2033(USD Million)
                2. Market Size and Forecast by Technology, 2022-2033(USD Million)
  1. MEA Compression Therapy Market  
    1. MEA Compression Therapy Market
      1. MEA Market Size and Forecast, 2022-2033(USD Million)
        1. Market Size and Forecast by Product, 2022-2033(USD Million)
        2. Market Size and Forecast by Technology, 2022-2033(USD Million)
      2. GCC Compression Therapy Market
        1. GCC Market Size and Forecast, 2022-2033(USD Million)
          1. Market Size and Forecast by Product, 2022-2033(USD Million)
          2. Market Size and Forecast by Technology, 2022-2033(USD Million)
        2. South Africa Compression Therapy Market
          1. South Africa Market Size and Forecast, 2022-2033(USD Million)
            1. Market Size and Forecast by Product, 2022-2033(USD Million)
            2. Market Size and Forecast by Technology, 2022-2033(USD Million)
          2. Rest of MEA Compression Therapy Market
            1. Rest of MEA Market Size and Forecast, 2022-2033(USD Million)
              1. Market Size and Forecast by Product, 2022-2033(USD Million)
              2. Market Size and Forecast by Technology, 2022-2033(USD Million)
  1. Competitor Analysis
    1. Market Share Analysis, 2022
    2. Major Recent Developments, 2019-2022
  2. Company Profiles
    1. 3M Health Care
      1. Company Snapshot
      2. Company Overview
      3. Financials
      4. Product Benchmarking
      5. Recent Developments
    2. Cardinal Health
      1. Company Snapshot
      2. Company Overview
      3. Financials
      4. Product Benchmarking
      5. Recent Developments
    3. Julius Zorn GmbH
      1. Company Snapshot
      2. Company Overview
      3. Financials
      4. Product Benchmarking
      5. Recent Developments
    4. Hartmann AG
      1. Company Snapshot
      2. Company Overview
      3. Financials
      4. Product Benchmarking
      5. Recent Developments
    5. BSN Medical GmbH
      1. Company Snapshot
      2. Company Overview
      3. Financials
      4. Product Benchmarking
      5. Recent Developments
    6. ArjoHuntleigh
      1. Company Snapshot
      2. Company Overview
      3. Financials
      4. Product Benchmarking
      5. Recent Developments
    7. Stryker
      1. Company Snapshot
      2. Company Overview
      3. Financials
      4. Product Benchmarking
      5. Recent Developments
    8. Medi GmbH & Co.
      1. Company Snapshot
      2. Company Overview
      3. Financials
      4. Product Benchmarking
      5. Recent Developments
    9. Spectrum Healthcare
      1. Company Snapshot
      2. Company Overview
      3. Financials
      4. Product Benchmarking
      5. Recent Developments
    10. Bio Compression Systems, Inc.
      1. Company Snapshot
      2. Company Overview
      3. Financials
      4. Product Benchmarking
      5. Recent Developments
    11. SIGVARIS
      1. Company Snapshot
      2. Company Overview
      3. Financials
      4. Product Benchmarking
      5. Recent Developments
    12. Gottfried Medical
      1. Company Snapshot
      2. Company Overview
      3. Financials
      4. Product Benchmarking
      5. Recent Developments
    13. Company 13
      1. Company Snapshot
      2. Company Overview
      3. Financials
      4. Product Benchmarking
      5. Recent Developments
    14. Company 14
      1. Company Snapshot
      2. Company Overview
      3. Financials
      4. Product Benchmarking
      5. Recent Developments
    15. Company 15
      1. Company Snapshot
      2. Company Overview
      3. Financials
      4. Product Benchmarking
      5. Recent Developments
    16. Others Prominent Players
  3. Conclusion & Recommendations

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