call Toll Free (US/Canada): +1 866 658 6826 | call+1 425 320 4776 | call (UK): +44 1865 60 0662 | call (Ind): +91 9096278110 | email info(@)blueweaveconsulting.com
Home | About Us | Career | Services | Blog | Contact Us
Blueweave
Global Compression Therapy Market
Inquire Before Buying Request for Sample

Global Compression Therapy Market

Home Healthcare And Pharmaceutical Global Compression Therapy Market

Global Compression Therapy Market, By Technique (Static Compression Therapy, Dynamic Compression Therapy), By Product (Compression Garments, Compression Pumps, Compression Braces), By Application (Lymphedema Treatment, Leg Ulcer Treatment, Varicose Vein Treatment, Deep Vein Thrombosis Treatment), By Distribution Channel (Hospitals & Clinics, Pharmacies & Retailers, E-Commerce Platforms), By Region (North America, Europe, Asia-Pacific (APAC), Latin America (LATAM), Middle-East & Africa (MEA) Trend Analysis, Competitive Market Share & Forecast, 2017-2027

  • Published Date: August 2021
  • Report ID: BWC2126
  • Available Format: PDF
  • Page: 200

Report Overview

The global compression therapy market gaining traction because of the driving factors such as increasing prevalence of vein disorders such as lymphedema, ulcers, varicose and spider veins, deep vein thrombosis, etc., along with the rising sport and other physical injury incidences.

Global Compression Therapy Market- Industry Trends & Forecast Report 2027

The global compression therapy market was worth USD 3.4 billion in 2020 and is further projected to reach USD 4.7 billion by the year 2027, growing at a CAGR of 4.8% in the forecast period. The market is gaining traction because of various driving factors, including the increasing prevalence of vein disorders such as lymphedema, ulcers, varicose and spider veins, deep vein thrombosis, etc., along with the rising prevalence of sports injuries and other physical injuries. Furthermore, technological advancements and the development of rehabilitation centers are estimated to drive the growth of the global compression therapy market during the forecast period.

compression therapy market

Source: BlueWeave Consulting

Global Compression Therapy Market- Overview

Hilotherapy, also known as compression therapy, is a process that uses stockings or socks and controlled pressure in order to support the veins and increase circulation. Using compression and elevation, this type of therapy can reduce pain associated with sports injuries or vein problems. This method is widely used for the treatment of leg ulcers since it improves blood flow, which in turn reduces pain, swelling, and itching and speeds up healing. The benefits of compression therapy have been thoroughly studied and shown to positively impact people's health, such as preventing leg swelling when they stand or sit for extended periods.

Global Compression Therapy Market Forecast and Trends

Growth Drivers

Increasing Cases of Accidents and Sports Injuries

In the sports industry, compression therapy is widely used for enhancing performance, reducing soreness after exercises, and reducing the risk of blood clots in athletes. While exercising, athletes often wear compression stockings, which increase deep venous velocities, decrease blood pooling in calf veins and stimulate the skeletal muscle. With the growing popularity of sports events around the world, the demand forcompression therapy products is also flourishing, propelling market growth.

Growing Prevalence of Venous Disorders and Target Patient Population

One of the major factors driving the global compression therapy market is the increasing prevalence of venous disorders and lymphedema. A large percentage of the population suffers from medical conditions like blood clots, ulcers, superficial venous thrombosis, varicose and spider veins, and so on. Venous ulcers are considered one the most common chronic conditions in many countries like the USA or Northern Europe. The condition is estimated to affect around 280,000 people in the UK and more than 600,000 people in the USA over the age of 65. As a result, compression therapy is becoming increasingly popular across the globe.

Restraints

Presence of Alternative Treatment

Compression therapy is used for treating conditions such as lymphedema and venous disorders. However, compression therapy suffers huge losses due to the presence of other treatment options, resulting in a stagnant market.Lymphedema, for example, has other treatment options such as pneumatic compression, complete decongestive therapy (CDT), etc., along with compression therapy, which adversely affects the global compression therapy market.

Impact of COVID-19 on Global Compression Therapy Market

Globally, the COVID-19 pandemic has had a mixed effect on the global compression therapy market. This is due to a sharp drop in sports injuries and accidents following the cancellation or postponement of several sporting events during the pandemic.The demand for compression therapy declined as a result. Also, companies that had official therapy partnerships with sports teams suffered heavy losses during this period. However, a growing prevalence of deep vein thrombosis has also provided growth possibilities for the market.

Global Compression Therapy Market - By Technique

Based on techniques, the global compression therapy market is segmented into static compression therapy and dynamic compression therapy.The static compression technology segment has the largest market share due to its high effectiveness as well as user-friendliness. The technology is also widely used to treat sports-related injuries and edema, as it provides pain relief and pressure relief. The dynamic compression therapy segment, on the other hand, is gaining substantial traction because of the high recommendations from healthcare professionals and is expected to grow at a high CAGR during the forecast period.

Global Compression Therapy Market - By Product

Based on products, the global compression therapy market is segmented into compression garments, compression pumps, and compression braces. Among these, the compression garments segment captures the largest market share. This segment is further classified into compression stockings, compression bandages & wraps, and other compression garments. The demand for compression bandages is very prominent in the market as they are widely used during the treatment of lymphedema, venous disorders, and edema. Furthermore, it offers several advantages over other products such as cost-efficiency, high sustainability, etc.

Global Compression Therapy Market - Regional Insights

Geographically, the global compression therapy market is segmented into North America, Europe, Asia-Pacific, Latin America, Middle-East & Africa. Among these continents, North America accounts for the largest market share because of the high prevalence of chronic diseases like cancer which is a leading cause of lymphedema, and the increasing geriatric population in the region. It has been estimated that around 600,000 patients aged 65 or more are affected by venous ulcers. Moreover, secondary lymphedema affects approximately 1 in 1000 Americans every year. The high prevalence of these disorders fuels the growth of the compression therapy market in North America.

Competitive Landscape

The leading market players in the global compression therapy market are OFA Bamberg, Bauerfeind AG, Thermotek, Inc., Tactile Medical, Sanyleg S.R.L., Medi Gmbh& Co. KG, Julius Zorn GmbH, Convatec Inc., Cardinal Health, Inc., BSN Medical, DJO Global, Inc., Gottfried Medical, Inc., Bio Compression Systems, Inc., Medline Industries, Inc., Arjohuntleigh, Medtronic PLC, 3M Company, Paul Hartmann AG, Smith & Nephew PLC, and other prominent players.

Participants in the market are focused on expanding their product portfolios through product launches and approvals. Additionally, many companies partner with sports teams to increase their brand awareness and revenue by becoming official recovery companions and therapy partners. Furthermore, the adoption of competitive strategies like mergers, acquisitions, collaborations is also very prominent in this market.

Recent Developments

  • In May 2021, Koya Medical, a US-based medical technology manufacturer, announced to have received FDA 510(k) clearance for its active therapy system Dayspring for the treatment of lymphedema and venous diseases.
  • In May 2021, Boston Bruins, the Boston Ice Hockey team announced a partnership with Therabody, a US-based body wellness company, to become their official recovery partner and exclusive compression-therapy partner.

Scope of the Report

Attributes Details
Years Considered Historical data – 2017-2020
Base Year – 2020
Forecast – 2021 – 2027
Facts Covered Revenue in USD Million
Market Coverage U.S, Canada, Germany, UK, France, Italy, Spain, Brazil, Mexico, Japan, South Korea, China, India, UAE, South Africa, Saudi Arabia
Product Service/Segmentation By Technique, By Product, By Application, By Distribution Channel, By Region
Key Players OFA Bamberg, Bauerfeind AG, Thermotek, Inc., Tactile Medical, Sanyleg S.R.L., Medi Gmbh& Co. KG, Julius Zorn GmbH, Convatec Inc., Cardinal Health, Inc., BSN Medical, DJO Global, Inc., Gottfried Medical, Inc., Bio Compression Systems, Inc., Medline Industries, Inc., Arjohuntleigh, Medtronic PLC, 3M Company, Paul Hartmann AG, Smith & Nephew PLC, and other prominent players.

 

By Technique

  • Static Compression Therapy
  • Dynamic Compression Therapy

By Product

  • Compression Garments
  1. Compression Stockings
  2. Compression Bandages & Wraps
  3. Other Compression Garments
  • Compression Pumps
  • Compression Braces

By Application

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

By Distribution Channel

  • Hospitals & Clinics
  • Pharmacies & Retailers
  • E-Commerce Platforms

By Region

  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle East & Africa
  1. Research Framework
    1. Research Objective
    2. Product Overview
    3. Key Market Segments
  2. Research Methodology
    1. Qualitative Research
    2. Methodology
    3. Regional Split of Primary & Secondary Research
    4. Secondary Research
    5. Primary Research
      1. Breakdown of Primary Research Respondents, By Region
      2. Breakdown of Primary Research Respondents, By Industry Participants
    6. Market Size Estimation
    7. Assumptions for the Study
    8. Market Breakdown & Data Triangulation
  3. Executive Summary
  4. Industry Insight and Growth Strategy
    1. Value Chain Analysis
    2. DROC Analysis
      1. Market Drivers
        1. Increasing Cases of Accidents and Sports Injuries
        2. Growing Prevalence of Venous Disorders and Target Patient Population
        3. Expanding Use of Compression Garments
      2. Market Restraints
        1. Presence of Alternative Treatment
      3. Market Challenges
        1. Lack of Universally Accepted Standards
      4. Market Opportunity
        1. The Ongoing Covid-19 Pandemic
        2. Increasing demand for Varicose Vein Treatment
    3. Recent Developments
    4. Porter’s Five Forces Analysis
      1. Bargaining Power of Buyers
      2. Bargaining Power of Suppliers
      3. Intensity of Rivalry
      4. Threat of New Entrants
      5. Threat of Substitutes
  5. Global Compression Therapy Market Overview
    1. Market Size & Forecast by Value, 2017-2027
    2. Market Size and Forecast, By Segment
      1. By Technique
        1. Static Compression Therapy
        2. Dynamic Compression Therapy
      2. By Product
        1. Compression Garments
          1. Compression Stockings
          2. Compression Bandages & Wraps
          3. Other Compression Garments
        2. Compression Pumps
        3. Compression Braces
      3. By Application
        1. Lymphedema Treatment
        2. Leg Ulcer Treatment
        3. Varicose Vein Treatment
        4. Deep Vein Thrombosis Treatment
      4. By Distribution Channel
        1. Hospitals & Clinics
        2. Pharmacies & Retailers
        3. E-Commerce Platforms
      5. By Region
        1. North America
        2. Europe
        3. Asia-Pacific
        4. Latin America
        5. Middle East & Africa
  6. North America Compression Therapy Market Overview
    1. Market Size and Forecast
      1. By Value (USD Million), 2020-2027
    2. Market Share and Forecast
      1. By Technique
      2. By Product
      3. By Application
      4. By End User
      5. By Country
        1. U.S.
        2. Canada
  7. Europe Compression Therapy Market Overview
    1. Market Size and Forecast
      1. By Value (USD Million), 2020-2027
    2. Market Share and Forecast
      1. By Technique
      2. By Product
      3. By Application
      4. By End User
      5. By Country
        1. Germany
        2. U.K.
        3. France
        4. Italy
        5. Spain
        6. Rest of Europe
  8. APAC Compression Therapy Market Overview
    1. Market Size and Forecast
      1. By Value (USD Million), 2020-2027
    2. Market Share and Forecast
      1. By Technique
      2. By Product
      3. By Application
      4. By End User
      5. By Country
        1. China
        2. India
        3. Japan
        4. South Korea
        5. Rest of APAC
  9. LATAM Compression Therapy Market Overview
    1. Market Size and Forecast
      1. By Value (USD Million), 2020-2027
    2. Market Share and Forecast
      1. By Technique
      2. By Product
      3. By Application
      4. By End User
      5. By Country
        1. Mexico
        2. Brazil
        3. Rest of LATAM
  10. MEA Compression Therapy Market Overview
    1. Market Size and Forecast
      1. By Value (USD Million), 2020-2027
    2. Market Share and Forecast
    3. By Technique
    4. By Product
    5. By Application
    6. By End User
    7. By Country
      1. Saudi Arabia
      2. UAE
      3. South Africa
      4. Rest of Europe
  11. Competitive Landscape
    1. List of Key Players and Their Offerings
    2. Market Share / Ranking Analysis (2020)
    3. Competitive Benchmarking, By Operating Parameters
  12. Impact of COVID-19 on Global Compression Therapy Market
  13. Company Profiles (Company Overview, Financial Matrix, Key Product landscape, Key Personnel, Key Competitors, Contact Address, and Strategic Outlook) *
      1. OFA Bamberg
      2. Bauerfeind AG
      3. Thermotek, Inc.
      4. Tactile Medical
      5. Sanyleg S.R.L.
      6. Medi Gmbh & Co. KG
      7. Julius Zorn GmbH
      8. Convatec Inc.
      9. Cardinal Health, Inc.
      10. BSN Medical
      11. DJO Global, Inc.
      12. Gottfried Medical, Inc.
      13. Bio Compression Systems, Inc.
      14. Medline Industries, Inc.
      15. Arjohuntleigh
      16. Medtronic PLC
      17. 3M Company
      18. Paul Hartmann AG
      19. Smith & Nephew PLC
      20. Other Prominent Players
  14. Key Strategic Recommendations

 

List of Figures

 

Figure 1: Global Compression Therapy Segmentation

 

Figure 2: Global Compression Therapy Market Value Chain Analysis,

 

Figure 3: Company Market Share Analysis, 2020

 

Figure 4: Global Compression Therapy Market Size, By Value (USD Million), 2017-2027

 

Figure 5: Global Compression Therapy Market Share (%), By Technique, By Value, 2017-2027

 

Figure 6: Global Compression Therapy Market Share (%), By Product, By Value, 2017-2027

 

Figure 7: Global Compression Therapy Market Share (%), ByApplication, By Value, 2017-2027

 

Figure 8: Global Compression Therapy Market Share (%), By End-User, By Value, 2017-2027

 

Figure 9: Global Compression Therapy Market Share (%), By Region, By Value, 2017-2027

 

Figure 10: North America Compression Therapy Market Size, By Value (USD Million), 2017-2027

 

Figure 11: North America Compression Therapy Market Share (%), By Technique, By Value, 2017-2027

 

Figure 12: North America Compression Therapy Market Share (%), By Product, By Value, 2017-2027

 

Figure 13: North America Compression Therapy Market Share (%), By Application, By Value, 2017-2027

 

Figure 14: North America Compression Therapy Market Share (%), By End-User, By Value, 2017-2027

 

Figure 15: North America Compression Therapy Market Share (%), By Country, By Value, 2017-2027

 

Figure 16: Europe Compression Therapy Market Size, By Value (USD Million), 2017-2027

 

Figure 17: Europe Compression Therapy Market Share (%), By Technique, By Value, 2017-2027

 

Figure 18: Europe Compression Therapy Market Share (%), By Product, By Value, 2017-2027

 

Figure 19: Europe Compression Therapy Market Share (%), By Application, By Value, 2017-2027

 

Figure 20: Europe Compression Therapy Market Share (%), by End-User, By Value, 2017-2027

 

Figure 21: Europe Compression Therapy Market Share (%), By Country, By Value, 2017-2027

 

Figure 22: Asia-Pacific Compression Therapy Market Size, By Value (USD Million), 2017-2027

 

Figure 23: Asia-Pacific Compression Therapy Market Share (%), By Technique, By Value, 2017-2027

 

Figure 24: Asia-Pacific Compression Therapy Market Share (%), By Product, By Value, 2017-2027

 

Figure 25: Asia-Pacific Compression Therapy Market Share (%), By Application, By Value, 2017-2027

 

Figure 26: Asia-Pacific Compression Therapy Market Share (%), By End-User, By Value, 2017-2027

 

Figure 27: Asia-Pacific Compression Therapy Market Share (%), By Country, By Value, 2017-2027

 

Figure 28: Latin America Compression Therapy Market Size, By Value (USD Million), 2017-2027

 

Figure 29: Latin America Compression Therapy Market Share (%), By Technique, By Value, 2017-2027

 

Figure 30: Latin America Compression Therapy Market Share (%), By Product, By Value, 2017-2027

 

Figure 31: Latin America Compression Therapy Market Share (%), By Application, By Value, 2017-2027

 

Figure 32: Latin America Compression Therapy Market Share (%), By End-User, By Value, 2017-2027

 

Figure 33: Latin America Compression Therapy Market Share (%), By Country, By Value, 2017-2027

 

Figure 34: Middle East & Africa Compression Therapy Market Size, By Value (USD Million), 2017-2027

 

Figure 35: Middle East & Africa Compression Therapy Market Share (%), By Technique, By Value, 2017-2027

 

Figure 36: Middle East & Africa Compression Therapy Market Share (%), By Product, By Value, 2017-2027

 

Figure 37: Middle East & Africa Compression Therapy Market Share (%), By Application, By Value, 2017-2027

 

Figure 38: Middle East & Africa Compression Therapy Market Share (%), By End-User, By Value, 2017-2027

 

Figure 39: Middle East & Africa Compression Therapy Market Share (%), By Region, By Value, 2017-2027

 

 

 

List of Tables

 

Table 1: Global Compression Therapy Market Size, By Technique, By Value, 2017-2027

 

Table 2: Global Compression Therapy Market Size, By Product, By Value (USD Million), 2017-2027

 

Table 3: Global Compression Therapy Market Size, By Application, By Value (USD Million), 2017-2027

 

Table 4: Global Compression Therapy Market Size, By End-User, By Value (USD Million), 2017-2027

 

Table 5: Global Compression Therapy Market Size, By Region, By Value (USD Million), 2017-2027

 

Table 6: North America Compression Therapy Market Size, By Technique, By Value (USD Million), 2017-2027

 

Table 7: North America Compression Therapy Market Size, By Product, By Value (USD Million), 2017-2027

 

Table 8: North America Compression Therapy Market Size, By Application, By Value (USD Million), 2017-2027

 

Table 9: North America Compression Therapy Market Size, By End-User, By Value (USD Million), 2017-2027,

 

Table 10: Europe Compression Therapy Market Size, By Technique, By Value (USD Million), 2017-2027

 

Table 11: Europe Compression Therapy Market Size, By Product, By Value (USD Million), 2017-2027

 

Table 12: Europe Compression Therapy Market Size, By Application, By Value (USD Million), 2017-2027

 

Table 13: Europe Compression Therapy Market Size, By End-User, By Value (USD Million), 2017-2027

 

Table 14: the Asia-Pacific Compression Therapy Market Size, By Technique, By Value (USD Million), 2017-2027

 

Table 15: the Asia-Pacific Compression Therapy Market Size, By Product, By Value (USD Million), 2017-2027

 

Table 16: the Asia-Pacific Compression Therapy Market Size, By Application, By Value (USD Million), 2017-2027

 

Table 17: the Asia-Pacific Compression Therapy Market Size, By End-User, By Value (USD Million), 2017-2027

 

Table 18: Latin America Compression Therapy Market Size, By Technique, By Value (USD Million), 2017-2027

 

Table 19: Latin America Compression Therapy Market Size, By Product, By Value (USD Million), 2017-2027

 

Table 20: Latin America Compression Therapy Market Size, By Application, By Value (USD Million), 2017-2027

 

Table 21: Latin America Compression Therapy Market Size, By End-User, By Value (USD Million), 2017-2027

 

Table 22: The Middle-East & Africa Compression Therapy Market Size, By Technique, By Value (USD Million), 2017-2027

 

Table 23: The Middle-East & Africa Compression Therapy Market Size, By Product, By Value (USD Million), 2017-2027

 

Table 24: The Middle-East & Africa Compression Therapy Market Size, By Application, By Value (USD Million), 2017-2027

 

Table 25: The Middle-East & Africa Compression Therapy Market Size, By End-User, By Value (USD Million), 2017-2027

 

 

Table 26: OFA Bamberg Financial Analysis

Table 27: OFA Bamberg Business Overview

Table 28: Bauerfeind AG Financial Analysis

Table 29: Bauerfeind AG Business Overview

Table 30: Thermotek, Inc. Financial Analysis

Table 31: Thermotek, Inc. Business Overview

Table 32: Tactile Medical Financial Analysis

Table 33: Tactile Medical Business Overview

Table 34: Sanyleg S.R.L. Financial Analysis

Table 35: Sanyleg S.R.L. Business Overview

Table 36: Medi Gmbh & Co. KG Financial Analysis

Table 37: Medi Gmbh &Co. KG Business Overview

Table 38: Julius Zorn GmbH Financial Analysis

Table 39: Julius Zorn GmbH Business Overview

Table 40: Convatec Inc. Financial Analysis

Table 41: Convatec Inc.Business Overview

Table 42: Cardinal Health, Inc. Financial Analysis

Table 43: Cardinal Health, Inc. Business Overview

Table 44: BSN MedicalFinancial Analysis

Table 45: BSN Medical Business Overview

Table 46: DJO Global, Inc. Financial Analysis

Table 47: DJO Global, Inc. Financial Analysis

Table 48: Gottfried Medical, Inc.Financial Analysis

Table 49: Gottfried Medical, Inc.Business Overview

Table 50: Bio Compression Systems, Inc.Financial Analysis

Table 51: Bio Compression Systems, Inc.Business Overview

Table 52: Medline Industries, Inc.Financial Analysis

Table 53: Medline Industries, Inc.Business Overview

Table 54: ArjohuntleighFinancial Analysis

Table 55: ArjohuntleighBusiness Overview

Table 56: Medtronic PLCFinancial Analysis

Table 57: Medtronic PLCBusiness Overview

Table 58: 3M CompanyFinancial Analysis

Table 59: 3M CompanyBusiness Overview

Table 60: Paul Hartmann AGFinancial Analysis

Table 61: Paul Hartmann AGBusiness Overview

Table 62: Smith & Nephew PLCFinancial Analysis

Table 63: Smith & Nephew PLCBusiness Overv

Market Segmentation

By Technique

  • Static Compression Therapy
  • Dynamic Compression Therapy

By Product

  • Compression Garments
  1. Compression Stockings
  2. Compression Bandages & Wraps
  3. Other Compression Garments
  • Compression Pumps
  • Compression Braces

By Application

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

By Distribution Channel

  • Hospitals & Clinics
  • Pharmacies & Retailers
  • E-Commerce Platforms

By Region

  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle East & Africa
No data available

To request a free sample copy of this report, please complete the form below.

We value your investment and offer free customization with every report to fulfil your exact research needs.

This website is secure and your personal details are safe.

Frequently Asked Questions (FAQs):

Ans: The global compression therapy market reached USD 3.4 billion in 2020.
Ans: Growing numbers of accidents and sports injuries and an increase in venous disorders are driving the growth of the global compression therapy market.
Ans: The key players in the global compression therapy market areOFA Bamberg, Bauerfeind AG, Thermotek, Inc., Tactile Medical, Sanyleg S.R.L., Medi Gmbh& Co. KG, Julius Zorn GmbH, Convatec Inc., Cardinal Health, Inc., BSN Medical, DJO Global, Inc., Gottfried Medical, Inc., Bio Compression Systems, Inc., Medline Industries, Inc., Arjohuntleigh, Medtronic PLC, 3M Company, Paul Hartmann AG, Smith & Nephew PLC, and other prominent players.
Ans: The compression garments segment accounted for the largest share in the global compression therapy market.
Ans: North America has the largest share in the global compression therapy market.