Compression Therapy Market – By Product (Compression Garments [Bandages, Stockings], Braces, Tapes, Pumps), Technology (Static, Dynamic), Application (Varicose Vein, Leg Ulcer, Deep Vein Thrombosis), Distribution Channel – Global Forecast 2024 – 2032

Compression Therapy Market – By Product (Compression Garments [Bandages, Stockings], Braces, Tapes, Pumps), Technology (Static, Dynamic), Application (Varicose Vein, Leg Ulcer, Deep Vein Thrombosis), Distribution Channel – Global Forecast 2024 – 2032

Compression Therapy Market Size

Compression Therapy Market size was valued at around USD 3.4 billion in 2023 and is expected grow at a CAGR of 5.5% from 2024 and 2032. Compression therapy is a medical treatment technique used to enhance circulation and manage various conditions related to blood flow and swelling in the extremities, particularly the legs and arms.

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It involves applying pressure to the affected area using specialized garments or wraps, which helps to improve blood flow, reduce fluid buildup (edema), and alleviate symptoms such as swelling, pain, and discomfort. The high market growth can be primarily attributed to factors such as the rising incidence of diabetes and obesity, technological advancements in products, and the increasing prevalence of chronic venous disorders and lymphedema, among others.

The increasing incidence of sports injuries and accidents is a significant driver for the growth of the compression therapy market. Athletes and individuals recovering from sports injuries or accidents seek methods to expedite their healing process. Compression therapy is widely recognized for its effectiveness in reducing swelling, improving blood circulation, and accelerating recovery. For instance, according to data reported by the National Safety Council (NSC), in 2021, there were over 3.5 million sports-related injuries treated in emergency departments across the U.S. This high incidence highlights the need for effective treatment and recovery solutions, including compression therapy.
 

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Compression Therapy Market Trends

Recent technological advancements in compression therapy are significantly driving market growth by enhancing the effectiveness, convenience, and appeal of compression therapy products.

• Advances in materials and design allow for more precise and customizable compression levels, ensuring that therapy is tailored to individual patient needs. This improves therapeutic outcomes and patient satisfaction.
   
• For instance, Medi’s CircAid JuxtaFit offers adjustable compression through a series of inelastic bands, allowing users to achieve the desired compression level without needing assistance. It includes a built-in pressure system guide card to ensure accurate application.
   
• Additionally, the development of lightweight, breathable antimicrobial coatings, and moisture-wicking materials increases the comfort of compression garments, making them more suitable for long-term wear. For instance, Juzo SoftCompress incorporates soft, breathable materials that are gentle on the skin, improving comfort and compliance for users requiring lymphedema management.
   
• Moreover, the integration of wearable technology in compression garments offers convenience and continuous monitoring, making it easier for users to incorporate compression therapy into their daily routines. For instance, WearEase Compression Garments that feature seamless and ergonomic designs, provide targeted compression with enhanced comfort, particularly beneficial for post-surgical recovery. These advancements attract more users, encourage higher compliance and long-term use, further fueling the expansion of the market.

Compression Therapy Market Analysis

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Based on product, the market is categorized into compression garments, compression braces, compression tapes, and compression pumps. The compression garments segment dominated the market with a revenue of around USD 1.7 billion in 2023.

• Compression garments are used to treat a variety of conditions, including varicose veins, lymphedema, chronic venous occlusions treatment, deep vein thrombosis (DVT), and post-surgical recovery. This broad applicability makes them a preferred choice among healthcare providers and patients.    
   
• Moreover, innovations in smart fabrics and materials have made compression garments more effective and comfortable. Features such as moisture-wicking, antimicrobial properties, and temperature regulation enhance user experience, and increases their demand in the market.

Based on technology, the compression therapy market is categorized into static compression therapy and dynamic compression therapy. The static compression therapy segment is anticipated to dominate the market with the revenue of 4.7 billion by 2032.

• Static compression products, including stockings, socks, and bandages, are straightforward to use. Patients can easily apply and adjust them without the need for special equipment or professional assistance?.
• Moreover, these garments are generally less expensive than dynamic compression devices. This makes them a more accessible option for a broader range of patients, hence contributing to their growing demand.

Based on application, the compression therapy market is categorized into varicose vein treatment, deep vein thrombosis treatment, lymphedema treatment, leg ulcer treatment, and other applications. The varicose vein treatment segment held majority market share with a revenue of around USD 1.3 billion in 2023.

• Varicose veins are a common condition, affecting a significant portion of the population, especially adults. This high prevalence drives the demand for effective treatment options. Compression therapy is often a preferred non-invasive or minimally invasive treatment option for varicose veins. It involves the use of compression stockings or wraps to improve circulation and reduce symptoms, making it a popular choice among patients and healthcare providers.

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Based on distribution channel, the compression therapy market is segmented into hospital pharmacies, retail pharmacies, and online pharmacies. The hospital pharmacies segment dominated the market with a revenue of around USD 1.7 billion in 2023.
 

• Many patients who require compression therapy, especially for post-surgical recovery or acute conditions such as deep vein thrombosis (DVT), often receive their initial treatment in hospital settings. Hospital pharmacies can provide immediate access to the necessary compression therapy products as part of the discharge process, ensuring continuity of care.
   
• Moreover, hospital pharmacies are staffed by healthcare professionals who can offer personalized advice and proper fitting for compression garments and devices, which is crucial for ensuring effectiveness and patient compliance.

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North America compression therapy market was valued at USD 1.1 billion in 2023 and is predicted to witness substantial market growth over the analysis timeline.
 

• Conditions such as venous disorders, diabetes, obesity, and cardiovascular diseases are prevalent in North America. These conditions often require compression therapy as part of their management, thereby driving market growth.
   
• Additionally, the aging population in the region is prone to conditions such as venous insufficiency and lymphedema, which benefits from compression therapy. As the population ages, the demand for such therapies increases.
   

The U.S. compression therapy market is anticipated to reach USD 1.5 billion by 2032, driven by numerous factors.
 

• The U.S. healthcare system supports the adoption of advanced medical treatments, including compression therapy. Access to healthcare services, reimbursement policies, and insurance coverage contribute to the widespread adoption of these therapies among patients.
   
• Furthermore, the U.S. has one of the highest healthcare expenditures globally, thus, favourable reimbursement policies for compression therapy products and treatments also encourage patient access and usage.
   

The compression therapy market in UK is expected to experience significant and promising growth from 2024 to 2032.
 

• The UK's National Health Service (NHS) plays a crucial role in supporting the adoption of medical treatments, including compression therapy. Access to healthcare services, guidelines for treatment, and reimbursement policies within the NHS facilitate patient access to these therapies.
   
• Additionally, there is growing awareness among patients and healthcare providers in the UK about the benefits of compression therapy. Patient education initiatives and awareness campaigns by healthcare organizations and advocacy groups contribute to higher diagnosis rates and treatment adherence.
   

Japan compression therapy market is anticipated to witness lucrative growth between 2024 – 2032.
 

• Japan is known for its advanced healthcare system and high standards of medical care. This environment supports the adoption of innovative medical treatments, including compression therapy. Healthcare professionals in Japan prioritize effective and evidence-based therapies for chronic conditions.
   
• Further, Japan has a robust healthcare infrastructure with significant per capita healthcare expenditures. This ensures widespread access to advanced medical treatments and therapies across the population.

Compression Therapy Market Share

The compression therapy industry is fragmented in nature, with various large multinationals and small and mid-sized companies competing in the industry. The development and launch of novel products with improved efficiency and cost-effectiveness are key market strategies for compression therapy manufacturers, driving competition and innovation in the industry. This emphasis on innovation aims to address evolving clinical needs and enhance patient outcomes, positioning companies to gain market share and meet the growing demand for advanced compression therapy.

Compression Therapy Market Companies

Some of the eminent market participants operating in the compression therapy industry include

• 3M Company
• Alcare Company Ltd.
• ArjoHuntleigh
• BIO Compression Systems, Inc.
• Cardinal Health, Inc.
• ConvaTec Inc.
• DJO Global Inc.
• Essity AB
• Julius Zorn GmbH
• Medi GmbH & Co. KG
• PAUL HARTMANN AG
• Sanyleg S.R.L
• Sigvaris AG
• Smith & Nephew Plc.
• Tactile Medical

Compression Therapy Industry News

• In October 2023, 3M Health Care announced the collaboration with MediWound Ltd. 3M Health Care provided its market leading two-layer compression systems Coban 2 and Coban 2 Lite to be used during the debridement and wound healing phases of the EscharEx Phase III study. This collaboration helped 3M company raise its profile in the advanced wound care space.

The compression therapy market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD Million from 2021 – 2032 for the following segments

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Market, By Product   

• Compression garments
  • Compression bandages
  • Compression stockings
    • Compression class I
    • Compression class II
    • Compression class III
  • Other compression garments 
• Compression braces
• Compression tapes
• Compression pumps

Market, By Technology

• Static compression therapy
• Dynamic compression therapy

Market, By Application

• Varicose vein treatment
• Deep vein thrombosis treatment
• Lymphedema treatment
• Leg ulcer treatment
• Other applications

Market, By Distribution Channel

• Hospital pharmacies
• Retail pharmacies
• Online pharmacies

The above information is provided for the following regions and countries

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