Compression Therapy Devices Market 2022, Industry Analysis by Technology, Product, Application, End Use and Forecast to 2030

Global Compression Therapy Market: Description

The existence of a large target patient population and the moving incidence of sports injuries and accidents are the major factors driving the growth of this market.

Subsequently, low patient docility for compression garments and lack of universally accepted standards for compression products are the major factors likely to limit the growth of this market during the forecast.

The need for uniform international pressure standards for compression therapy garments around the world can cause confusion when selecting the garment for the treatment of different illnesses.

Extensively, several standards including German RAL, British standards and French ASQUL exist with various pressure specifications included in each standard.

Global Compression Therapy Market: Overview

The compression therapy market is valued at US$3.16 billion in 2022, is expected to reach a value of US$4.73 billion in 2030, at a CAGR of 5.2%.

The factors such as the increasing burden of traffic accidents, sports injuries and excessive weight gain or obesity, the prolonged static nature of the human body lead to the ultimatum of compression therapy, in order to release gravity constriction of blood flow.

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According to the World Health Organization in June 2021, approximately 1.3 million people die each year due to road accidents.

The majority of injuries occurred as a result of falls, collisions, being struck by an object and overexertion during unorganized or informal sporting activities.

Moreover, the gradual launch of compression therapy devices is also expected to boost the growth of this market over the forecasted forecast period.

Global Compression Therapy Market: Key Trends

Presence of an abundant population of target patients

The target population for compression therapy products includes patients with vascular diseases and lifestyle diseases such as obesity, lymphedema, diabetes, DVT and varicose veins.

Rising aging population across the globe is considered a major factor supporting the growth of the market as geriatric people are more vulnerable to various health issues.

These factors are driving the demand and adoption of various treatment procedures, including compression therapy, among patients.

Additionally, compression therapy products are highly preferred as first line of treatment for primary target indications and for post-operative rehabilitation.

Significant adoption of alternative therapies

Different treatment options including surgeries, ablation, sclerotherapy, ablation procedures and ligation are available for chronic venous diseases such as chronic venous insufficiency, leg swelling and pain, varicose veins and spider veins and leg ulcers.

Although compression therapy is considered the first-line treatment for these conditions, several alternative therapies provide benefits such as no or few complications, reduced length of hospital stay, and minimal pain during and after treatment.

As disparate as compression therapies, these alternative therapies cure the disease and not just the symptoms.

Global Compression Therapy Market: Segmental Analysis

Based on the product

  • Compression socks
  • Compression pumps
  • Compression garments
  • Bandages and compression bandages
  • Compression straps
  • Others

For many years, compression garments have been widely used in medical treatment. In many sportswear, it is an important addition to athletic and fitness activities. It is expected to improve the performance of athletes, speed up the recovery process and decrease the risk of injury.

Technique-based

  • Dynamic compression therapy
  • Static compression therapy

Based on demand

  • Treatment of varicose veins
  • Treatment of leg ulcers
  • Treatment of lymphedema
  • Treatment of deep vein thrombosis

Based on distribution channel

  • E-commerce platforms
  • Pharmacies and retailers
  • Hospitals and Clinics

Global Compression Therapy Market: Competitive Landscape

Some of the leading companies are further contributing to the global compression therapy industry and reaching new heights.

  • DJO GLOBAL INC.
  • 3M COMPANY
  • SMITH & NEPHEW PLC
  • MEDLINE INDUSTRIES INC.
  • PAUL HARTMAN

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Report Scope:

  • Base year – 2022
  • Year of History – 2018-2021
  • Forecast year – 2022-2030
  • Segments Covered – Region, Application, Distribution Channel, Product and Technical.
  • CAGR – 5.2%

About William G. Patrick

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