Market Overview:

Compression Therapy Devices Market Was Valued At US$ 2.98 Billion In 2022, And Expected To Reach US$ 6.98 Billion By 2030, Growing At A Robust CAGR Of 5.2% From 2023 To 2030.

Compression therapy is a common and effective way to treat and avoid a wide range of health problems. It is often linked to diseases like swollen veins and deep vein thrombosis. It works by putting measured pressure on the legs to get more blood moving through them. It helps get more blood to the heart, strengthens the veins, and reduces swelling in the legs. It can also help make people's lives better.

It also keeps people who can't move from getting a blood clot in their veins. Products on the global compression treatment devices market are used to treat lymphedema, phlebitis, leg ulcers, thrombosis, and other types of varicose veins. They are also worn during pregnancy and long-distance trips to avoid vein problems. From the global market for compression treatment devices, socks, stockings, bandages, or stockings are used based on the illness. Some compression treatment devices, like compression pumps, are also worn and used around the affected area.

Compression therapy is becoming more popular because more and more people are getting older. The number of older people is growing very quickly in many places around the world. People over 65 are more likely to get long-term illnesses. Compression treatment is a simple and effective way to strengthen veins and improve blood flow in the legs. Compression treatment is usually used on older people who have had vein sickness for a long time. Also, compression is often used in joint surgeries to help ease pain, reduce swelling, and help the patient get back to normal function quickly. Because of the above benefits, related goods are often used together with orthopaedic surgical techniques to treat injuries to the musculoskeletal system.

Market Dynamics:

Trends

Vascular diseases spur compression therapy demand: Over the next few years, the demand for compression therapy devices is likely to be driven by the growing number of vascular diseases, such as venous foot ulcers, diabetic foot ulcers, leg ulcers, and deep vein thrombosis. In the coming years, the demand for compression therapy devices is likely to rise as more people learn about the risks of chronic wound diseases.

More people are getting lymphatic diseases and venous leg ulcers, which will help the market grow: Around the world, lymphatic and vein problems are becoming more common very quickly. These situations can happen if you don't move around enough, if you have a history of deep vein thrombosis, if you are pregnant, if you are overweight, or if you have varicose veins. Lymphatic problems can also be caused by things like breast cancer, surgery, and chronic vein weakness. Since more people are getting these diseases and more people are learning about improved treatments like compression garments and other gadgets, the market is likely to grow.

Drivers:

Growing number of sports injuries and crashes: Road crashes and sports injuries are among the leading causes of death and disability around the world. Accidents often cause serious or mild injuries to the skeletal system. In these cases, compression therapy items are usually used to help the healing process and speed up the patient's recovery.

New product developments that will help the market grow: During the predicted time period, the compression treatment market is projected to grow because of new developments in this field. Multi-component, double-layer compression therapy systems are better than traditional methods like single-component compression systems. A fabric layer, wool padding, an elastic bandage, and an elastic bandage that sticks to itself make up the many-part system.

Restrains:

Obesity, alternative therapies impact compression therapy market: A growing number of obese people who are more likely to get vascular diseases could help the global compression therapy devices market grow over the next few years. But the fact that there are alternative treatments for certain target areas and organs could slow the growth of the global compression therapy devices market over the next few years.

Low patient adherence to compression clothing: The most common problems with compression therapy are when patients don't use compression products and don't follow their treatment plans. Noncompliance is especially common in long-term treatments like those for ulcers, where the goal is to stop the disease from happening or coming back. Most of the time, compression therapy is used as a preventive treatment, so over time, fewer and fewer people stick with it. Constantly wearing tight clothes can also cause pain, swelling, and skin irritation.

Opportunities:

Increased sales of ready-made and online goods: Some products, like low-pressure compression stockings, bandages, and wraps, are sold more and more through pharmacies, retailers (off-the-shelf), and e-commerce websites because medical experts don't have to give permission to use them. Patients often use these items to prevent injuries.

Increasing Use of Compression Garments to Treat Venous Disorders: Diseases that are hard to treat include venous leg sores and lymphedema. But one of the biggest market trends in compression therapy is the development of new products and their growing use as a treatment option. This treatment has been shown to shorten the time it takes for a venous leg ulcer (VLU) to heal and lower the chance that it will come back.

Challenges:

High cost of compression pumps and lack of knowledge about compression therapy in developing countries will slow growth: People in many poor countries don't know that compression is an effective way to treat lymphatic and vein diseases. This is expected to slow down the growth of the compression therapy market. Also, the high price of compression pumps is one of the main things that stops the market from growing. But growing competition is putting pressure on costs, and the top players are doing more to get the word out that this therapy is on the market to treat things like venous leg ulcers, lymphedema, etc.

Major Market Segments Covered:

By Type:

• Static Compression Therapy
• Dynamic Compression Therapy
• Other

Based on the method, static compression therapy is expected to be the most popular type of compression therapy because it is easy to use and works well. Compression therapy is used a lot in sports because professionals need it for surgery, accidents, pre-game workouts, and practice to avoid leg pain and swelling. Static compression treatment is also the quickest way to treat problems, which is helping the market grow. More and more people are using dynamic technology because it has perks like remote control, long-lasting effects, and venous return. The dynamic type of compression has gotten better over time, which helps the section. This technology is often used to treat deep vein thrombosis, and the number of people who have it is going up, which helps the segment grow.

Product Type:

• Compression Pumps
• Compression Stockings
• Compression Bandages
• Compression Tapes
• Other

The market has been divided into groups, such as compression pumps, compression clothes, and others. Compression clothing is the most important part of this business. The compression garments market is growing because more and more people are getting lymphatic diseases and using advanced compression treatment products. Compression pumps are expected to grow at the fastest rate because more companies are making them and more people are using them because they help treat lymphedema in so many ways. For example, in May 2017, Tactile Systems Technology, Inc. released FlexTouch, which was the first and only air compression device for treating lymphedema in the United States.

By Application:

• Hospitals
• Clinics
• Ambulatory Surgical Centres
• Others

Some of the market groups include hospitals and clinics, nursing care centers, home care, and other places. During the forecast period, the hospital segment is projected to have the largest share of the market. This is because more people are going to the hospital and hospitals are using compression treatment more. Also, hospitals are likely to be at the top of the market because they have easy access to new products, have skilled medical staff, and get paid well for this treatment. Most likely to grow in 2026 will be the home care segment, making it the segment with the highest CAGR. This is because more people are getting older and more people want to treat diseases of the veins and lymphatic system at home.

Regional Insights:

North America was the most important region, and it is likely to stay the most important region throughout the forecast period. This is because the area has a high rate of chronic diseases like deep vein thrombosis and varicose veins, a growing number of market players, and a growing number of devices. The market for compression therapy in North America is worth $1.3 billion and is projected to grow at a compound annual growth rate (CAGR) of 5.5%. It is likely to keep its lead in the compression therapy devices market over the next ten years because both the number of older people and sports injuries are on the rise.

Asia-Pacific, on the other hand, is projected to have the highest CAGR during the time of analysis. This is because places like India and China have a lot of people, which makes it more possible for people to get long-term or fatal illnesses. Also, people in the market are using more tactics and trends, such as making products, getting them approved, forming partnerships, working together, and coming to an agreement. About 21,334 sports accidents happen every year in Asia, according to the Asian Federation of Sports Medicine (AFSM), which is part of the International Federation of Sports Medicine (FIMS).

As the number of sports injuries goes up, the market for compression therapy products in Europe is likely to grow slowly. In Europe, France, Germany, Spain, Italy, and the UK will be the biggest markets for compression therapy devices over the next few years. The European Injury Database (IDB) says that sports-related injuries send about 4.5 million people over 15 to the hospital every year.

Also, sports injuries are becoming more common in Southeast Asian countries like India, which is expected to have a big effect on the growth of the compression therapy devices market in the coming years. Because more people are getting older and more people are getting diabetes, the market for compression therapy devices will grow a lot in the next ten years.

India, Japan, and China are expected to grow the fastest on the Asian market for compression therapy products.

Scope Of Report:

Key Players:

• Mölnlycke Health Care AB

• 3M

• Arjo

• Brownmed, Inc.

• Essity Aktiebolag (publ)

• Cardinal Health.

• Daesung Maref Co. Ltd

• AIROS Medical, Inc.

• Enovis (DJO Global, Inc)

• FlowAid Medical Technologies

• Avanos Medical, Inc.

• Julius Zorn, Inc.

• Lohmann & Rauscher GmbH & Co. KG

• Medi GmbH & Co. KG

• TONUS ELAST SIASwoop Aero Pt. Ltd.

• Medline Industries, Inc.

• Paul Hartmann AG

• SIGVARIS GROUP

• Smith & Nephew

• Stryker

• Tactile Medical

• Thuasne SAS

• Zimmer Biomet

1. Brown med, Inc: The company has a sales office in Kansas City and an executive office in Boston. It is ISO 9001-certified. Brown med has been the leader in making goods that make patients' lives better since the 1960s. They make and sell medical tools all over the world. This is done in both the US and Asia. Products help with a wide range of issues, such as arthritis, carpal tunnel syndrome, plantar fasciitis, vibration treatment, and keeping casts, cuts, and bandages dry. It has been named six times as one of the private companies in America with the fastest growth.

2. Cardinal Health: Cardinal Health sells pharmaceuticals, makes and sells medical and laboratory goods around the world, and gives healthcare facilities performance and data solutions. Cardinal Health is important to care because it works in more than 30 countries and has about 44,000 workers all over the world.

3. AIROS Medical, Inc: AIROSTM Medical, Inc. is a company that makes, designs, and writes specifications for compression treatment devices. Their team of engineers, quality and legal experts, and clinical partners make medical devices, like the AIROS 6 and AIROS 8 Sequential Compression Device systems, that help people with lymphatic and venous disorders live better lives.

4. Avanos Medical Inc: Avanos is a medical technology company headquarters in Alpharetta, Georgia. That wants to help patients get back to the things that count by making medical devices that are better in the clinic. This includes providing a vital lifeline for nutrition to patients as they move from the hospital to home and reducing the use of opioids while helping patients move from surgery to recovery.

5. Lohmann & Rauscher GmbH & Co:  L&R was formed when the companies Lohmann, which was founded in 1851, and Rauscher, which was founded in 1899, merged in 1998. The company has 170 years of experience as a reliable partner and source of solutions for its customers. It is a major international provider of high-quality medical devices and hygiene products that are designed for the future. These products range from traditional bandages to modern treatment and nursing systems.

6. Tactile Medical: Tactile Medical is one of the businesses that makes medical equipment that is growing the fastest. As a leader in treatments for lymphedema and venous ulcers, makes advanced home therapy equipment to help people with long-term swelling improve their health and quality of life. They are based in Minneapolis, Minnesota, and serve tens of thousands of patients directly through a national network of product specialists and teachers, payment experts, patient advocates, and clinical staff.

Strategic Development:

• May 2021: The FDA has given approval to Koya Medical's Compression Therapy System for the Lower Extremities.

• In February 2021: Experts from Tyndall and RCSI SWaT signed a deal with DeRoyal for USD 1.2 million. The main goal of this collaboration was to change how compression wound treatment is done.

• In July 2020: AIROS Medical Inc. stated that its new compression therapy products would be coming out. The Food and Drug Administration had cleared the company's new AIROS 6 Sequential Compression Therapy device and Arm Plus garments for the first time in three years.

Market Segmentation:

By Type:

• Static Compression Therapy
• Dynamic Compression Therapy
• Other

By Product Type:

• Compression Pumps
• Compression Stockings
• Compression Bandages
• Compression Tapes
• Other

By Application Type:

• Hospitals
• Clinics
• Ambulatory Surgical Centres
• Others

Compression Therapy Devices Regional Insights:

• North America
• US
• Canada
• Mexico
• Rest of North America
• Europe
• Germany
• France
• Italy
• Spain
• UK
• Nordic Countries
• Denmark
• Finland
• Iceland
• Sweden
• Norway
• Benelux Union
• Belgium
• The Netherlands
• Luxembourg
• Rest of Europe
• Asia-Pacific
• Japan
• China
• India
• Australia
• South Korea
• Southeast Asia
• Indonesia
• Thailand
• Malaysia
• Singapore
• Rest of Southeast Asia
• Rest of Asia-Pacific
• The Middle East & Africa
• Saudi Arabia
• UAE
• Egypt
• South Africa
• Rest of the Middle East & Africa
• Latin America
• Brazil
• Argentina
• Rest of Latin America

Conclusion:

The compression therapy market report gives both qualitative and quantitative information about this market, as well as a thorough analysis of its size and growth rate for all possible market segments. It also gives an in-depth look at the market dynamics, restraints, competitive landscape, regional analysis, and prospects, as well as the regulatory situation in key countries, key industry events like mergers and acquisitions, and an overview of compressive therapy. It helps businesses make good decisions by giving them a full picture of the market and letting them do in-depth study on different parts of the market. This market research study on compression therapy tells you everything you need to know, including a detailed look at how the industry is doing now and what it will be like in the future.