The global compression therapy market size is expected to grow at a significant CAGR of around 6% during the forecast period from 2022 to 2028. The increasing prevalence of various vein disorders around the world such as varicose veins, deep vein thrombosis, leg ulcers, blood clots, etc, is a primary factor driving the market growth. Furthermore, the increasing number of accidents coupled with the growing incidence of sports injuries is further anticipated to boost the market growth. Moreover, the rapid technological development in wound treatment, growth in the aging population, and rising awareness among patients are expected to uplift the market growth over the forecast period.
Market Drivers:
Increasing Prevalence of Chronic Venous Diseases: Chronic venous diseases, such as varicose veins, deep vein thrombosis (DVT), and lymphedema, are becoming more prevalent worldwide. These conditions often require compression therapy as a non-invasive treatment option. The growing incidence of chronic venous diseases drives the demand for compression therapy products.
Growing Aging Population: The global population is aging, and older individuals are more susceptible to venous disorders. Age-related changes in blood vessels and reduced mobility contribute to an increased risk of developing venous insufficiency. The aging population drives the demand for compression therapy as a means to manage and prevent venous diseases.
Rising Awareness and Education: There is a growing awareness and understanding of the benefits of compression therapy in managing various venous conditions. Increased education among healthcare professionals and patients about the effectiveness of compression therapy has led to greater adoption and demand for these products.
Technological Advancements in Compression Products: Advancements in materials, manufacturing techniques, and design have led to the development of more comfortable and effective compression therapy products. Innovative features, such as gradient compression, adjustable compression levels, and moisture-wicking properties, enhance patient comfort and compliance, driving the market growth.
Increasing Surgical Procedures: Surgical procedures, such as orthopedic surgeries, vascular surgeries, and cosmetic surgeries, often require post-operative compression therapy for improved healing, reduction of swelling, and prevention of complications. The growing number of surgical procedures worldwide drives the demand for compression therapy products.
Sports and Fitness Activities: Compression garments have gained popularity among athletes and fitness enthusiasts for their potential benefits, such as improved performance, muscle recovery, and prevention of muscle soreness. The increasing participation in sports and fitness activities drives the demand for compression therapy products in the athletic and sports medicine sectors.
Favorable Reimbursement Policies: Adequate reimbursement policies and coverage for compression therapy products by insurance providers and government healthcare programs facilitate access to these products for patients. Favorable reimbursement policies contribute to market growth by reducing the financial burden on patients and increasing product adoption.
Online Retail and E-commerce: The rise of online retail and e-commerce platforms has made compression therapy products more accessible to a wider consumer base. The convenience of online shopping, availability of a wide range of products, and competitive pricing contribute to increased sales and market growth.
Market Snapshot:
| Benchmark Year | 2022 | ||
| Market Size | $ xx.x Mnlock | ||
| Market Growth (CAGR) | ~ 6% (2023-2030) | ||
| Largest Market Share | North America | ||
| Analysis Period | 2020-2030 | ||
| Market Players | Cardinal Health, Julius Zorn GmbH, Hartmann AG, Medi GmbH & Co., and SIGVARIS |
Market Insights:
By technique, the dynamic compression therapy segment is anticipated to register the growth rate over the forecast period
The global compression therapy market is bifurcated into technique, product, application, end-user, and geography. On the basis of technique, the market is further segmented into static compression therapy and dynamic compression therapy. The static compression therapy segment dominated the global market and expected to hold the largest revenue share of around 2/3 market share by 2028. The increasing adoption of this technique due to its higher convenience and user-friendly nature is estimated to drive segment growth. Furthermore, the significant growth in the geriatric and aging population coupled with the growing prevalence of deep vein thrombosis and chronic venous insufficiency is further anticipated to propel the segment growth. On the flip side, the dynamic compression therapy segment registers the fastest CAGR over the forecast period.
By product, the compression bandage is accounted to hold the largest market share in 2021
On the basis of product, the market is segmented into compression bandages, compression pumps, compression stockings, and compression tape. The compression bandage segment dominated the global compression therapy market in 2021 and expected to maintain its dominance over the forecast period. The increasing adoption of the product to treat various types of disorders is a major factor driving the segment growth. Furthermore, the benefits associated with the product such as elasticity, extensibility, high-tension sustainability, and high-cost efficiency are further anticipated to propel the segment growth over the forecast period. On the other hand, the compression pumps segment is expected to register a significant growth rate over the forecast period due to the rising prevalence of lymphedema and other venous disorders.
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The compression therapy comprehensive study analyzes industry trends, market size, competitive analysis, and market forecast – 2022 to 2028. Research Corridor report provides detailed premium insight into the global market and reveals the potential revenue streams, commercial prospects, market drivers, challenges, opportunities, issues, and events affecting the industry. In addition, the report has a dedicated section covering market forecasts and analysis for leading geographies, profiles of major companies operating in the market and expert opinion obtained from interviews with industry executives and experts from prominent companies.
The compression therapy market research report presents the analysis of each segment from 2019 to 2028 considering 2021 as the base year for the research. The compounded annual growth rate (CAGR) for each respective segment is calculated for the forecast period from 2022 to 2028.
Historical & Forecast Period
- 2019-20 – Historical Year
- 2021 – Base Year
- 2022-2028 – Forecast Period
Market Segmentation:
By Technique:
- Static Compression Therapy
- Dynamic Compression Therapy
By Product:
- Compression Pumps
- Compression Stockings
- Compression Bandages
- Compression Tape
By Application:
- Varicose Vein Treatment
- Deep Vein Thrombosis Treatment
- Lymphedema Treatment
- Leg Ulcer Treatment
- Others
By End-User:
- Pharmacies and Retailers
- Hospitals and Clinics
- E-Commerce Platforms
By Region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Regional Analysis:
By region, North America is expected to dominate the global market by 2028
On the basis of region, North America dominated the global compression therapy market in 2021 and estimated to maintain its dominance over the forecast period. The rising prevalence of chronic vein disorders, the increasing obesity rate and the growing geriatric population are some major factors driving the market growth in the region. Furthermore, the rising healthcare awareness and the implementation of favorable government reimbursement plans are further anticipated to propel the market growth in North America. On the flip side, the Asia Pacific is anticipated to register the highest CAGR over the forecast period due to the growing patient pool of chronic venous and lymphatic disorders.
Geographically, the compression therapy market report comprises dedicated sections centering on the regional market revenue and trends. The compression therapy market has been segmented on the basis of geographic regions into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. The compression therapy market has been extensively analyzed on the basis of various regional factors such as demographics, gross domestic product (GDP), inflation rate, acceptance, and others. Compression therapy market estimates have also been provided for the historical years 2019 & 2020 along with forecasts for the period from 2022 – 2028.
Competitive Assessment:
Some of the major market players operating in the global compression therapy market are Cardinal Health, Julius Zorn GmbH, Hartmann AG, Medi GmbH & Co., and SIGVARIS. Companies are exploring markets through expansion, new investment, the introduction of new services, and collaboration as their preferred strategies. Players are exploring new geography through expansion and acquisition to gain a competitive advantage through joint synergy.
Key Companies:
- Cardinal Health
- Julius Zorn GmbH
- Hartmann AG
- Medi GmbH & Co.
- SIGVARIS
- BSN Medical GmbH
- ArjoHuntleigh
- 3M Health Care
- Spectrum Healthcare
- Bio Compression Systems, Inc.
- Stryker
- Gottfried Medical
Key Questions Answered by Compression Therapy Market Report
- Global compression therapy market forecasts from 2022-2028
- Regional market forecasts from 2022-2028 covering Asia-Pacific, North America, Europe, Middle East & Africa, and Latin America
- Country-level forecasts from 2022-2028 covering 15 major countries from the regions as mentioned above
- Compression therapy submarket forecasts from 2022-2028 covering the market by technique, product, application, end-user, and geography
- Various industry models such as SWOT analysis, Value Chain Analysis about the market
- Analysis of the key factors driving and restraining the growth of the global, regional, and country-level compression therapy markets from 2022-2028
- Competitive Landscape and market positioning of the top 10 players operating in the market
1. Preface
1.1. Report Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. USP and Key Offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Phase I – Secondary Research
1.3.2. Phase II – Primary Research
1.3.3. Phase III – Expert Panel Review
1.4. Assumptions
2. Executive Summary
2.1. Global Compression Therapy Market Portraiture
2.2. Global Compression Therapy Market, by Technique, 2021 (USD Mn)
2.3. Global Compression Therapy Market, by Product, 2021 (USD Mn)
2.4. Global Compression Therapy Market, by Application, 2021 (USD Mn)
2.5. Global Compression Therapy Market, by End-User, 2021 (USD Mn)
2.6. Global Compression Therapy Market, by Geography, 2021 (USD Mn)
3. Global Compression Therapy Market Analysis
3.1. Compression Therapy Market Overview
3.2. Market Inclination Insights
3.3. Market Dynamics
3.3.1. Drivers
3.3.2. Challenges
3.3.3. Opportunities
3.4. Attractive Investment Proposition
3.5. Competitive Analysis
3.6. Porter’s Five Force Analysis
3.6.1. Bargaining Power of Suppliers
3.6.2. Bargaining Power of Buyers
3.6.3. Threat of New Entrants
3.6.4. Threat of Substitutes
3.6.5. Degree of Competition
3.7. COVID-19 Impact Analysis
4. Global Compression Therapy Market By Technique, 2019 – 2028 (USD Mn)
4.1. Overview
4.2. Static Compression Therapy
4.3. Dynamic Compression Therapy
5. Global Compression Therapy Market By Product, 2019 – 2028 (USD Mn)
5.1. Overview
5.2. Compression Pumps
5.3. Compression Stockings
5.4. Compression Bandages
5.5. Compression Tape
6. Global Compression Therapy Market By Application, 2019 – 2028 (USD Mn)
6.1. Overview
6.2. Varicose Vein Treatment
6.3. Deep Vein Thrombosis Treatment
6.4. Lymphedema Treatment
6.5. Leg Ulcer Treatment
6.6. Others
7. Global Compression Therapy Market By End-User, 2019 – 2028 (USD Mn)
7.1. Overview
7.2. Pharmacies and Retailers
7.3. Hospitals and Clinics
7.4. E-Commerce Platforms
8. North America Compression Therapy Market Analysis and Forecast, 2019 – 2028 (USD Mn)
8.1. Overview
8.2. North America Compression Therapy Market by Technique, (2019-2028 USD Mn)
8.3. North America Compression Therapy Market by Product, (2019-2028 USD Mn)
8.4. North America Compression Therapy Market by Application, (2019-2028 USD Mn)
8.5. North America Compression Therapy Market by End-User, (2019-2028 USD Mn)
8.6. North America Compression Therapy Market by Country, (2019-2028 USD Mn)
8.6.1. U.S.
8.6.1.1. U.S. Compression Therapy Market by Technique, (2019-2028 USD Mn)
8.6.1.2. U.S. Compression Therapy Market by Product, (2019-2028 USD Mn)
8.6.1.3. U.S. Compression Therapy Market by Application, (2019-2028 USD Mn)
8.6.1.4. U.S. Compression Therapy Market by End-User, (2019-2028 USD Mn)
8.6.2. Canada
8.6.2.1. Canada Compression Therapy Market by Technique, (2019-2028 USD Mn)
8.6.2.2. Canada Compression Therapy Market by Product, (2019-2028 USD Mn)
8.6.2.3. Canada Compression Therapy Market by Application, (2019-2028 USD Mn)
8.6.2.4. Canada Compression Therapy Market by End-User, (2019-2028 USD Mn)
9. Europe Compression Therapy Market Analysis and Forecast, 2019 – 2028 (USD Mn)
9.1. Overview
9.2. Europe Compression Therapy Market by Technique, (2019-2028 USD Mn)
9.3. Europe Compression Therapy Market by Product, (2019-2028 USD Mn)
9.4. Europe Compression Therapy Market by Application, (2019-2028 USD Mn)
9.5. Europe Compression Therapy Market by End-User, (2019-2028 USD Mn)
9.6. Europe Compression Therapy Market by Country, (2019-2028 USD Mn)
9.6.1. Germany
9.6.1.1. Germany Compression Therapy Market by Technique, (2019-2028 USD Mn)
9.6.1.2. Germany Compression Therapy Market by Product, (2019-2028 USD Mn)
9.6.1.3. Germany Compression Therapy Market by Application, (2019-2028 USD Mn)
9.6.1.4. Germany Compression Therapy Market by End-User, (2019-2028 USD Mn)
9.6.2. U.K.
9.6.2.1. U.K. Compression Therapy Market by Technique, (2019-2028 USD Mn)
9.6.2.2. U.K. Compression Therapy Market by Product, (2019-2028 USD Mn)
9.6.2.3. U.K. Compression Therapy Market by Application, (2019-2028 USD Mn)
9.6.2.4. U.K. Compression Therapy Market by End-User, (2019-2028 USD Mn)
9.6.3. France
9.6.3.1. France Compression Therapy Market by Technique, (2019-2028 USD Mn)
9.6.3.2. France Compression Therapy Market by Product, (2019-2028 USD Mn)
9.6.3.3. France Compression Therapy Market by Application, (2019-2028 USD Mn)
9.6.3.4. France Compression Therapy Market by End-User, (2019-2028 USD Mn)
9.6.4. Spain
9.6.4.1. Spain Compression Therapy Market by Technique, (2019-2028 USD Mn)
9.6.4.2. Spain Compression Therapy Market by Product, (2019-2028 USD Mn)
9.6.4.3. Spain Compression Therapy Market by Application, (2019-2028 USD Mn)
9.6.4.4. Spain Compression Therapy Market by End-User, (2019-2028 USD Mn)
9.6.5. Italy
9.6.5.1. Italy Compression Therapy Market by Technique, (2019-2028 USD Mn)
9.6.5.2. Italy Compression Therapy Market by Product, (2019-2028 USD Mn)
9.6.5.3. Italy Compression Therapy Market by Application, (2019-2028 USD Mn)
9.6.5.4. Italy Compression Therapy Market by End-User, (2019-2028 USD Mn)
9.6.6. Rest of Europe
9.6.6.1. Rest of Europe Compression Therapy Market by Technique, (2019-2028 USD Mn)
9.6.6.2. Rest of Europe Compression Therapy Market by Product, (2019-2028 USD Mn)
9.6.6.3. Rest of Europe Compression Therapy Market by Application, (2019-2028 USD Mn)
9.6.6.4. Rest of Europe Compression Therapy Market by End-User, (2019-2028 USD Mn)
10. Asia Pacific Compression Therapy Market Analysis and Forecast, 2019 – 2028 (USD Mn)
10.1. Overview
10.2. Asia Pacific Compression Therapy Market by Technique, (2019-2028 USD Mn)
10.3. Asia Pacific Compression Therapy Market by Product, (2019-2028 USD Mn)
10.4. Asia Pacific Compression Therapy Market by Application, (2019-2028 USD Mn)
10.5. Asia Pacific Compression Therapy Market by End-User, (2019-2028 USD Mn)
10.6. Asia Pacific Compression Therapy Market by Country, (2019-2028 USD Mn)
10.6.1. China
10.6.1.1. China Compression Therapy Market by Technique, (2019-2028 USD Mn)
10.6.1.2. China Compression Therapy Market by Product, (2019-2028 USD Mn)
10.6.1.3. China Compression Therapy Market by Application, (2019-2028 USD Mn)
10.6.1.4. China Compression Therapy Market by End-User, (2019-2028 USD Mn)
10.6.2. Japan
10.6.2.1. Japan Compression Therapy Market by Technique, (2019-2028 USD Mn)
10.6.2.2. Japan Compression Therapy Market by Product, (2019-2028 USD Mn)
10.6.2.3. Japan Compression Therapy Market by Application, (2019-2028 USD Mn)
10.6.2.4. Japan Compression Therapy Market by End-User, (2019-2028 USD Mn)
10.6.3. India
10.6.3.1. India Compression Therapy Market by Technique, (2019-2028 USD Mn)
10.6.3.2. India Compression Therapy Market by Product, (2019-2028 USD Mn)
10.6.3.3. India Compression Therapy Market by Application, (2019-2028 USD Mn)
10.6.3.4. India Compression Therapy Market by End-User, (2019-2028 USD Mn)
10.6.4. Rest of Asia Pacific
10.6.4.1. Rest of Asia Pacific Compression Therapy Market by Technique, (2019-2028 USD Mn)
10.6.4.2. Rest of Asia Pacific Compression Therapy Market by Product, (2019-2028 USD Mn)
10.6.4.3. Rest of Asia Pacific Compression Therapy Market by Application, (2019-2028 USD Mn)
10.6.4.4. Rest of Asia Pacific Compression Therapy Market by End-User, (2019-2028 USD Mn)
11. Latin America (LATAM) Compression Therapy Market Analysis and Forecast, 2019 – 2028 (USD Mn)
11.1. Overview
11.2. Latin America Compression Therapy Market by Technique, (2019-2028 USD Mn)
11.3. Latin America Compression Therapy Market by Product, (2019-2028 USD Mn)
11.4. Latin America Compression Therapy Market by Application, (2019-2028 USD Mn)
11.5. Latin America Compression Therapy Market by End-User, (2019-2028 USD Mn)
11.6. Latin America Compression Therapy Market by Country, (2019-2028 USD Mn)
11.6.1. Brazil
11.6.1.1. Brazil Compression Therapy Market by Technique, (2019-2028 USD Mn)
11.6.1.2. Brazil Compression Therapy Market by Product, (2019-2028 USD Mn)
11.6.1.3. Brazil Compression Therapy Market by Application, (2019-2028 USD Mn)
11.6.1.4. Brazil Compression Therapy Market by End-User, (2019-2028 USD Mn)
11.6.2. Mexico
11.6.2.1. Mexico Compression Therapy Market by Technique, (2019-2028 USD Mn)
11.6.2.2. Mexico Compression Therapy Market by Product, (2019-2028 USD Mn)
11.6.2.3. Mexico Compression Therapy Market by Application, (2019-2028 USD Mn)
11.6.2.4. Mexico Compression Therapy Market by End-User, (2019-2028 USD Mn)
11.6.3. Rest of Latin America
11.6.3.1. Rest of Latin America Compression Therapy Market by Technique, (2019-2028 USD Mn)
11.6.3.2. Rest of Latin America Compression Therapy Market by Product, (2019-2028 USD Mn)
11.6.3.3. Rest of Latin America Compression Therapy Market by Application, (2019-2028 USD Mn)
11.6.3.4. Rest of Latin America Compression Therapy Market by End-User, (2019-2028 USD Mn)
12. Middle East and Africa Compression Therapy Market Analysis and Forecast, 2019 – 2028 (USD Mn)
12.1. Overview
12.2. MEA Compression Therapy Market by Technique, (2019-2028 USD Mn)
12.3. MEA Compression Therapy Market by Product, (2019-2028 USD Mn)
12.4. MEA Compression Therapy Market by Application, (2019-2028 USD Mn)
12.5. MEA Compression Therapy Market by End-User, (2019-2028 USD Mn)
12.6. Middle East and Africa Compression Therapy Market, by Country, (2019-2028 USD Mn)
12.6.1. GCC
12.6.1.1. GCC Compression Therapy Market by Technique, (2019-2028 USD Mn)
12.6.1.2. GCC Compression Therapy Market by Product, (2019-2028 USD Mn)
12.6.1.3. GCC Compression Therapy Market by Application, (2019-2028 USD Mn)
12.6.1.4. GCC Compression Therapy Market by End-User, (2019-2028 USD Mn)
12.6.2. South Africa
12.6.2.1. South Africa Compression Therapy Market by Technique, (2019-2028 USD Mn)
12.6.2.2. South Africa Compression Therapy Market by Product, (2019-2028 USD Mn)
12.6.2.3. South Africa Compression Therapy Market by Application, (2019-2028 USD Mn)
12.6.2.4. South Africa Compression Therapy Market by End-User, (2019-2028 USD Mn)
12.6.3. Rest of MEA
12.6.3.1. Rest of MEA Compression Therapy Market by Technique, (2019-2028 USD Mn)
12.6.3.2. Rest of MEA Compression Therapy Market by Product, (2019-2028 USD Mn)
12.6.3.3. Rest of MEA Compression Therapy Market by Application, (2019-2028 USD Mn)
12.6.3.4. Rest of MEA Compression Therapy Market by End-User, (2019-2028 USD Mn)
13. Company Profiles
13.1. Cardinal Health
13.1.1. Business Description
13.1.2. Financial Health and Budget Allocation
13.1.3. Product Positions/Portfolio
13.1.4. Recent Development
13.1.5. SWOT Analysis
13.2. Julius Zorn GmbH
13.2.1. Business Description
13.2.2. Financial Health and Budget Allocation
13.2.3. Product Positions/Portfolio
13.2.4. Recent Development
13.2.5. SWOT Analysis
13.3. Hartmann AG
13.3.1. Business Description
13.3.2. Financial Health and Budget Allocation
13.3.3. Product Positions/Portfolio
13.3.4. Recent Development
13.3.5. SWOT Analysis
13.4. Medi GmbH & Co.
13.4.1. Business Description
13.4.2. Financial Health and Budget Allocation
13.4.3. Product Positions/Portfolio
13.4.4. Recent Development
13.4.5. SWOT Analysis
13.5. SIGVARIS
13.5.1. Business Description
13.5.2. Financial Health and Budget Allocation
13.5.3. Product Positions/Portfolio
13.5.4. Recent Development
13.5.5. SWOT Analysis
13.6. BSN Medical GmbH
13.6.1. Business Description
13.6.2. Financial Health and Budget Allocation
13.6.3. Product Positions/Portfolio
13.6.4. Recent Development
13.6.5. SWOT Analysis
13.7. ArjoHuntleigh
13.7.1. Business Description
13.7.2. Financial Health and Budget Allocation
13.7.3. Product Positions/Portfolio
13.7.4. Recent Development
13.7.5. SWOT Analysis
13.8. 3M Health Care
13.8.1. Business Description
13.8.2. Financial Health and Budget Allocation
13.8.3. Product Positions/Portfolio
13.8.4. Recent Development
13.8.5. SWOT Analysis
13.9. Spectrum Healthcare
13.9.1. Business Description
13.9.2. Financial Health and Budget Allocation
13.9.3. Product Positions/Portfolio
13.9.4. Recent Development
13.9.5. SWOT Analysis
13.10. Bio Compression Systems, Inc.
13.10.1. Business Description
13.10.2. Financial Health and Budget Allocation
13.10.3. Product Positions/Portfolio
13.10.4. Recent Development
13.10.5. SWOT Analysis
13.11. Stryker
13.11.1. Business Description
13.11.2. Financial Health and Budget Allocation
13.11.3. Product Positions/Portfolio
13.11.4. Recent Development
13.11.5. SWOT Analysis
13.12. Gottfried Medical
13.12.1. Business Description
13.12.2. Financial Health and Budget Allocation
13.12.3. Product Positions/Portfolio
13.12.4. Recent Development
13.12.5. SWOT Analysis
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