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Compression Therapy Market

Compression Therapy Market Size, Share & Growth Analysis By Security Type (By Type (Compression Garments, Compression Stockings, Compression Bandages & Wraps, Compression Garments, Compression Braces, Compression Pumps, Other), By Application (Varicose Vein Treatment, Deep Vein Thrombosis Treatment, Lymphedema Treatment, Leg Ulcer Treatment, Other), And Regional Forecast, 2022-2028

  • No of Pages: 150
  • Published On: Aug 2022
  • Format: PDF
  • Report ID : 35999

Report Summary

Compression therapy utilizes devices specially designed to support the veins and regulate blood circulation.  This is based on the controlled pressure generated on the lower extremities to increase blood flow. The diseases such as deep vein thrombosis, venous leg ulcers, and other diseases of lymph nodes. Growing prevalence of these diseases across globe is likely to boost the demand for compression therapy products during the forecast period.

Eternity Insights can provide a deep dive research report highlighting the market and competitive intelligence across the key segments of the market. The report also considers the impact of COVID-19 on the global compression therapy market. The report considers 2018-2020 historic period, 2021 as base year, and 2022-2028 as forecast period. The report includes quantitative analysis of the market supported by the market drivers, challenges, and trends to accurately map the market scenario and competition.

Compression Therapy market report is based on robust research methodology designed using blend of research approaches developed using secondary/desk research and validated through the primary research and expert insights. Eternity Insights also uses paid data bases such as FACIVA, Hoovers, and other benchmarking and forecasting tools to provide accurate statistical analysis of supply and demand trends.

Key Research Highlights: Market Drivers

The compression therapy market is estimated to expand at a considerable growth rate during the forecast period owing to increasing prevalence of venous diseases and increasing new product approvals to cater this demand. Rise in the awareness about the diseases, increasing importance of early diagnosis, and growing spending on chronic diseases are poised to boost the market growth. Moreover, the key players in the market are investing in research and development of technologically advanced products leading to increased utilization of the compression therapy products across developed and developing countries of the world.

Key Research Highlights: Market Restrains

Limited awareness about the diseases, high cost of products, low economical condition, and lack of favorable insurance systems restricts the adoption of compression therapy products across developing regions of the globe. However, launch of new products with low cost and increasing efforts for market penetration in these regions can offer lucrative growth opportunities for the players in the compression therapy market.

Key Research Highlights: Trends

Increasing research and development spending on compression therapy development has been the leading industry trend of compression therapy market

The leading players in the market are focused on developing products which are cost effective and high quality to tap the huge unaddressed opportunities in the developing regions. This can be witnessed from the increasing spending on research and development and growing number of new product approvals. for instance, in August, 2018 AIROS Medical announced launch of AIROS 6 Sequential Compression Device, the AIROS 8 Sequential Compression Device, and the devices’ accessory compression garment line.

 Global Compression Therapy Market Size, 2018-2028 (USD Million)

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Global Compression Therapy Market Segmentation:

Compression Therapy Market, By Type

  • Compression Garments
  • Compression Stockings
  • Compression Bandages & Wraps
  • Compression Garments
  • Compression Braces
  • Compression Pumps
  • Other

Compression Therapy Market, By Application

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

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Geographically, the market is categorized in to five regions as North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. North America region dominates the global Compression Therapy market in terms of demand generation. The Compression Therapy market in Asia Pacific region is expected to grow at significantly high growth rate. The regional market is further sub-segmented and analyzed at a granular level across key countries. The report will include market size and forecast for Compression Therapy market for below-listed countries across each region.

North America (U.S. and Canada), Europe (Germany, France, Italy, UK, Spain, and Rest of Europe), Asia Pacific (China, India, Japan, Australia, and Rest of Asia Pacific region); Latin America (Brazil, Mexico, and rest of Latin America); Middle East and Africa (GCC, South Africa, and Rest of the Middle East and Africa).

Global Compression Therapy Market Taxonomy:

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Global Compression Therapy Market Competitive Landscape

The global Compression Therapy market analysis report covers detailed analysis of competitive scenario across globe. The report includes profiles of leading players covering below details

  • Company Overview
  • Financial Analysis
  • Product Portfolio Analysis
  • Strategic Overview
  • SWOT Analysis

KEY MARKET PLAYERS

Market Segmentation

Report Attributes Details
The market size value in 2021 USD XX.XX Million
CAGR (2021 - 2028) XX.XX %
The Revenue forecast in 2028 USD XX.XX Million
Base year for estimation 2021
Historical data 2018-2019
Forecast period 2022-2028
Quantitative units
  • Revenue in USD Million
  • CAGR from 2021 to 2028
Report Coverage Revenue forecast, company ranking, competitive landscape, growth factors, and trends
Segments Covered By Type Outlook, Application Outlook, Regional Outlook
By Type Outlook Compression Garments, Compression Stockings, Compression Bandages & Wraps, Other Compression Garments, Compression Braces, Compression Pumps, Other
By Application Outlook Varicose Vein Treatment, Deep Vein Thrombosis Treatment, Lymphedema Treatment, Leg Ulcer Treatment, Other Applications
Regional scope North America, Europe, Asia Pacific, Latin America, Middle East & Africa
Country scope U.S., Canada, U.K., Germany, France, BENELUX, China, India, Japan, South Korea, Brazil, Saudi Arabia, UAE, Turkey
Key companies profiled 3M,BSN Medical,Getinge,Medtronic,Zimmer Biomet,SIGVARIS Group,Smith & Nephew,Adidas,Nike, Bio Compression Systems,ConvaTec,Devon Medical Products,Tactile Systems Technology,KT Health
Customization Available Yes, the report can be tailored to meet your specific requirements.

Key Industry Developments:

  • In September 2021, Koya Medical announced the USFDA approval of its Dayspring Lite compression therapy-based treatment for lymphedema and venous disease. This therapy is specially designed for people willing to be active during compression therapy unlike the traditional wall-tethered approaches.
  • In August 2018, SIGVARIS announced launch of new accessories and upgrades for the COMPREFLEX REDUCE product portfolio making it the most innovative compression system to be used for decongestive phase of lymphedema therapy.

 

FAQs

1. How is the compression therapy market segmented?

The compression therapy market is segmented based on type, application, and end user.

2. Who are the leading players in the compression therapy market?

Smith & Nephew, 3M, PAUL HARTMANN Pty. Ltd are the leading players in the compression therapy market.

3. What are the key driving factors leading to compression therapy market growth?

Growing prevalence of the venous diseases and increasing new product developments are the leading drivers of the global compression therapy market.

4. Geographically, which region is expected to grow at highest CAGR?

Asia Pacific is expected to expand at the highest growth rate in the compression therapy market.

5. Currently, which region holds highest share of global compression therapy market?

North America is the highest demand generating region for the compression therapy products and held dominant share in the year 2021.

6. By product, which is the leading segment in compression therapy market?

Based on product type, the compression garments is the leading segment of the market.

7. What are the key trends of compression therapy market across globe?

Increasing research and development activities and growing adoption of active compression therapies instead of wall tethered traditional approaches are the leading industry trends of compression therapy market.


Table Of Contents

Table of Contents

1 Report Overview
    1.1 Study Scope
    1.2 Key Market Segments
    1.3 Players Covered
    1.4 Market Analysis by Type
        1.4.1 Global Compression Therapy Market Size Growth Rate by Type (2017-2027)
        1.4.2 Static Compression Therapy
        1.4.3 Dynamic Compression Therapy
    1.5 Market by Application
        1.5.1 Global Compression Therapy Market Share by Application (2017-2027)
        1.5.2 Hospitals
        1.5.3 Clinics
        1.5.4 Others
    1.6 Study Objectives
    1.7 Years Considered

2 Global Growth Trends
    2.1 Compression Therapy Market Size
    2.2 Compression Therapy Growth Trends by Regions
        2.2.1 Compression Therapy Market Size by Regions (2017-2027)
        2.2.2 Compression Therapy Market Share by Regions (2017-2020)
    2.3 Industry Trends
        2.3.1 Market Top Trends
        2.3.2 Market Drivers
        2.3.3 Market Opportunities

3 Market Share by Key Players
    3.1 Compression Therapy Market Size by Manufacturers
        3.1.1 Global Compression Therapy Revenue by Manufacturers (2017-2020)
        3.1.2 Global Compression Therapy Revenue Market Share by Manufacturers (2017-2020)
        3.1.3 Global Compression Therapy Market Concentration Ratio (CR5 and HHI)
    3.2 Compression Therapy Key Players Head office and Area Served
    3.3 Key Players Compression Therapy Product/Solution/Service
    3.4 Date of Enter into Compression Therapy Market
    3.5 Mergers & Acquisitions, Expansion Plans

4 Breakdown Data by Type and Application
    4.1 Global Compression Therapy Market Size by Type (2017-2020)
    4.2 Global Compression Therapy Market Size by Application (2017-2020)

5 United States
    5.1 United States Compression Therapy Market Size (2017-2020)
    5.2 Compression Therapy Key Players in United States
    5.3 United States Compression Therapy Market Size by Type
    5.4 United States Compression Therapy Market Size by Application

6 Europe
    6.1 Europe Compression Therapy Market Size (2017-2020)
    6.2 Compression Therapy Key Players in Europe
    6.3 Europe Compression Therapy Market Size by Type
    6.4 Europe Compression Therapy Market Size by Application

7 China
    7.1 China Compression Therapy Market Size (2017-2020)
    7.2 Compression Therapy Key Players in China
    7.3 China Compression Therapy Market Size by Type
    7.4 China Compression Therapy Market Size by Application

8 Japan
    8.1 Japan Compression Therapy Market Size (2017-2020)
    8.2 Compression Therapy Key Players in Japan
    8.3 Japan Compression Therapy Market Size by Type
    8.4 Japan Compression Therapy Market Size by Application

9 Southeast Asia
    9.1 Southeast Asia Compression Therapy Market Size (2017-2020)
    9.2 Compression Therapy Key Players in Southeast Asia
    9.3 Southeast Asia Compression Therapy Market Size by Type
    9.4 Southeast Asia Compression Therapy Market Size by Application

10 India
    10.1 India Compression Therapy Market Size (2017-2020)
    10.2 Compression Therapy Key Players in India
    10.3 India Compression Therapy Market Size by Type
    10.4 India Compression Therapy Market Size by Application

11 Central & South America
    11.1 Central & South America Compression Therapy Market Size (2017-2020)
    11.2 Compression Therapy Key Players in Central & South America
    11.3 Central & South America Compression Therapy Market Size by Type
    11.4 Central & South America Compression Therapy Market Size by Application

12 International Players Profiles
    12.1 3M
        12.1.1 3M Company Details
        12.1.2 Company Description and Business Overview
        12.1.3 Compression Therapy Introduction
        12.1.4 3M Revenue in Compression Therapy Business (2017-2020)
        12.1.5 3M Recent Development
    12.2 BSN Medical
        12.2.1 BSN Medical Company Details
        12.2.2 Company Description and Business Overview
        12.2.3 Compression Therapy Introduction
        12.2.4 BSN Medical Revenue in Compression Therapy Business (2017-2020)
        12.2.5 BSN Medical Recent Development
    12.3 Getinge
        12.3.1 Getinge Company Details
        12.3.2 Company Description and Business Overview
        12.3.3 Compression Therapy Introduction
        12.3.4 Getinge Revenue in Compression Therapy Business (2017-2020)
        12.3.5 Getinge Recent Development
    12.4 Medtronic
        12.4.1 Medtronic Company Details
        12.4.2 Company Description and Business Overview
        12.4.3 Compression Therapy Introduction
        12.4.4 Medtronic Revenue in Compression Therapy Business (2017-2020)
        12.4.5 Medtronic Recent Development
    12.5 Zimmer Biomet
        12.5.1 Zimmer Biomet Company Details
        12.5.2 Company Description and Business Overview
        12.5.3 Compression Therapy Introduction
        12.5.4 Zimmer Biomet Revenue in Compression Therapy Business (2017-2020)
        12.5.5 Zimmer Biomet Recent Development
    12.6 SIGVARIS Group
        12.6.1 SIGVARIS Group Company Details
        12.6.2 Company Description and Business Overview
        12.6.3 Compression Therapy Introduction
        12.6.4 SIGVARIS Group Revenue in Compression Therapy Business (2017-2020)
        12.6.5 SIGVARIS Group Recent Development
    12.7 Smith & Nephew
        12.7.1 Smith & Nephew Company Details
        12.7.2 Company Description and Business Overview
        12.7.3 Compression Therapy Introduction
        12.7.4 Smith & Nephew Revenue in Compression Therapy Business (2017-2020)
        12.7.5 Smith & Nephew Recent Development
    12.8 Adidas
        12.8.1 Adidas Company Details
        12.8.2 Company Description and Business Overview
        12.8.3 Compression Therapy Introduction
        12.8.4 Adidas Revenue in Compression Therapy Business (2017-2020)
        12.8.5 Adidas Recent Development
    12.9 Nike
        12.9.1 Nike Company Details
        12.9.2 Company Description and Business Overview
        12.9.3 Compression Therapy Introduction
        12.9.4 Nike Revenue in Compression Therapy Business (2017-2020)
        12.9.5 Nike Recent Development
    12.10 Bio Compression Systems
        12.10.1 Bio Compression Systems Company Details
        12.10.2 Company Description and Business Overview
        12.10.3 Compression Therapy Introduction
        12.10.4 Bio Compression Systems Revenue in Compression Therapy Business (2017-2020)
        12.10.5 Bio Compression Systems Recent Development
    12.11 ConvaTec
    12.12 Devon Medical Products
    12.13 Tactile Systems Technology
    12.14 KT Health

13 Market Forecast 2021-2027
    13.1 Market Size Forecast by Regions
    13.2 United States
    13.3 Europe
    13.4 China
    13.5 Japan
    13.6 Southeast Asia
    13.7 India
    13.8 Central & South America
    13.9 Market Size Forecast by Product (2021-2027)
    13.10 Market Size Forecast by Application (2021-2027)

14 Analyst's Viewpoints/Conclusions

15 Appendix
    15.1 Research Methodology
        15.1.1 Methodology/Research Approach
            15.1.1.1 Research Programs/Design
            15.1.1.2 Market Size Estimation
            12.1.1.3 Market Breakdown and Data Triangulation
        15.1.2 Data Source
            15.1.2.1 Secondary Sources
            15.1.2.2 Primary Sources
    15.2 Disclaimer
    15.3 Author Details

 

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Frequently Asked Questions on this Report

The Compression Therapy Market is segmented based on Type, Application, and by region.

3M,BSN Medical,Getinge,Medtronic,Zimmer Biomet,SIGVARIS Group,Smith & Nephew,Adidas,Nike, Bio Compression Systems,ConvaTec,Devon Medical Products,Tactile Systems Technology andKT Health are the leading players of global Compression Therapy market.

The forecast period would be from 2022 to 2030 in the market report with year 2021 as a base year.

Factors such as competitive strength and market positioning are key areas considered while selecting top companies to be profiled.
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