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Compression Therapy Segmented By Product - Pneumatic Compression Therapy | Static Compression Therapy - Anti embolism/Compression Stockings, Compression Bandages, Compression Garments
Worldwide revenue from the compression therapy devices market stands at US$ 3.1 Bn in 2022, with the global market estimated to surge ahead at a CAGR of 5.2% to reach a valuation of US$ 5.4 Bn by the end of 2033.
Compression Therapy Devices Market Size (2022)
US$ 3.1 Bn
Projected Market Value (2033)
US$ 5.4 Bn
Global Market Growth Rate (2023-2033)
Market Share of Top 5 Countries
As assessed by Persistence Market Research, static compression therapy products are expected to hold a market value of US$ 2.4 Bn by 2023. Overall, compression therapy devices market sales account for approximately 28.5% revenue share in the global advanced wound care market, which was valued at around US$ 10.9 Bn in 2022.
The global market for compression therapy devices recorded a historic CAGR of 4.2% in the last 10 years from 2012 to 2022.
Compression therapy is a common type of treatment that involves applying controlled pressure to the lower extremities, such as the legs, ankles, and feet. Elastic stockings are used to increase blood flow, which improves the functionality of the lymphatic and venous systems. Compression therapy devices have a pressure range that varies depending on the condition for which they are intended.
Compression therapy is frequently recommended by doctors after certain traumatic injuries or orthopaedic surgeries. Following such incidents, products such as compression pumps and tapes can be used to improve muscle health and blood flow, among other benefits. This treatment may be beneficial for post-trauma inflammation and swelling. Compression therapy can also be used to treat lymphedema, a chronic condition characterised by swelling of the limbs or other areas where a large amount of fluid has accumulated.
The market is expected to exhibit an opportunistic outlook as a result of increased commercial promotion and popularity of compression garments in the sports and exercise fields due to their compressive properties, which are thought to improve performance. Compression suits have sparked media interest not only in swimming, but also in other sports such as track and field.
Increased healthcare spending and improved healthcare infrastructure will drive growth even further. Developing countries such as China, South Africa, India, and Brazil are expected to present significant growth opportunities for compression therapy market participants. The International Diabetes Federation (IDF) predicts that 90 million adults in the IDF's South-East Asia (SEA) Region will have diabetes by 2021. By 2030 and 2045, this figure is expected to rise to 113 million and 152 million, respectively.
The presence of a sizable patient population, rising healthcare spending, rising disposable income levels, and growing awareness among doctors, surgeons, and patients about the most recent treatment options available for a variety of orthopaedic and vascular disorders are expected to influence demand for compression therapy products in these countries.
The global market is thus likely to show high growth over the coming years at a CAGR of 5.2% and reach a global market size of US$ 5.4 Bn by 2033.
“Rising Incidence of Venous Leg Ulceration”
Venous leg ulceration is one of the most frequent medical disorders globally, according to an article in Vascular Medicine. It affects nearly 1.5% of the general population along with 5% of the elderly population. The main factors leading to venous disorders include- immobility, obesity, and previous deep vein thrombosis. Therefore, the prevalence of ulcers contributes to increased use of compression goods due to the rising awareness and the compression therapy devices market is predicted to grow in the forecast period.
Another factor driving the lucrative growth of the compression therapy devices market is the increased number of orthopaedic procedures, as well as an increase in accidents, which could be caused by sports or road accidents.
Compression therapy product research and development has been a consistent part of the wound care industry's advancement. Manufacturers are taking advantage of this opportunity to expand their businesses. Consumer demand has increased as a result of the steady influx of new products with improved health benefits into the market.
“Strict Regulations Regarding the sales of Compression Therapy Devices”
Although the compression therapy market has numerous end-uses, certain obstacles are likely to stymie market growth. Given the high sales and demand for compression therapy devices around the world, regulatory authorities are further inspecting the industry and passing new laws requiring strict guidelines to be followed when manufacturing medical compression garments. Parameters such as optimal therapeutic efficacy, product reliability, and best comfort must be present for patients with skin problems or wounds.
Furthermore, there is a global lack of international standards for compression therapy products in terms of certain parameters such as garment selection or pressure standards for the treatment of specific diseases. The German RAL, French ASQUL, and British standards each have their own pressure standards, whereas the US FDA does not specify a pressure standard. As a result, varying product efficacy can lead to a loss of customer trust and limit market growth.
These variables, taken together, have a negative impact on the early development of the Compression Therapy Market.
Why is the U.S. Market Booming?
“Rising Research and Development Efforts”
The United States dominates the North American region with a total market share of approximately 93.2% in 2022, and this is expected to continue throughout the forecast period.
With vast advancements in the research and development sectors as a result of high investments, an increasing number of product launches and collaborations, and a high prevalence of diseases such as lymphedema and venous disorders in the United States, it is poised to dominate the North American market.
Will Germany Be a Lucrative Market for Compression Therapy Devices Manufacturers?
“Presence of Large Target Patient Population”
Germany is expected to grow at a 5.3% CAGR in the European market over the forecast period.
The market is expected to benefit from rising consumer health awareness, an increase in the number of market players investing in and producing innovative compression therapy products, and favourable healthcare reimbursement scenarios. One of the major factors driving the growth of the compression therapy market in Germany is the presence of a large target patient population throughout the region. With greater knowledge about the benefits of compression therapy and easier access the adoption rate also increases.
How is U.K. Emerging as a Prominent Market for Compression Therapy?
“Increase in the number of cases related to sports injury”
UK holds a market share of 21.2% in whole Europe and is expected to grow with a CAGR of 5.3% during the forecasted period.
The increased awareness among healthcare professionals about the use of compression therapy devices is driving up demand and growth for compression therapy. The increase in sports activity is one of the primary reasons for the market's growth in the United Kingdom. Compression therapy devices have grown in popularity in the United Kingdom as the number of sports-related injuries and accidents has increased. The garments help to reduce the severity of injuries and keep athletes and recreational gym users from becoming injured again.
What is the of India on Compression Therapy?
“Rise in the diabetic population”
India is expected to grow at a 3.8% CAGR in the South Asian market over the forecast period.
The growing diabetic population in India is expected to drive up demand for compression therapy products including stockings. Diabetes is expected to affect 5.4% of the global population by 2025, creating a significant opportunity for the compression therapy devices market. Indian healthcare spending is rapidly increasing, and thus there is a rise adoption of compression therapy devices in India.
Which Compression Therapy Product is driving the Market?
Static Compression Therapy held a 75.4% market share in the Global Market in 2022 and is expected to grow at a CAGR of 5.2% by the end of the forecast period.
Static compression garments are designed with a compression gradient so that they are comfortable to wear and can be used by athletes even after an injury, thereby accelerating their recovery rate. With the increasing prevalence of lymphedema and the high number of geriatric patients, static compression garments are simple to wear and can conform to the shape of the entire body.
What Compression Class is Largely in Focus Globally?
“Multiple Applications based on the patient condition”
Compression Class- 23-32 mmHg has increased demand, with a global market share of 39.0% in 2022, and is expected to grow at a CAGR of 5.0%.
The Compression Class- 23-32 mmHg is majorly in focus among the consumers and healthcare professionals as they have multiple options of fabric which are comfortable to the skin and the pressure is dependent on the condition of varicosity the patient is suffering from.
Which Distribution Channel Benefits the Most with the Sales of Compression Therapy Products?
“Easier Access to Compression”
In 2022, Institutional Sales held the highest market share of 64.9% globally.
This is due to the high number of hospitalizations and increased adoption of these products. Customers benefit from the easy availability of compression therapy products and reimbursement scenarios in hospital segments, and thus the institutional sales segment is expected to grow during the forecast period.
The overall market for compression therapy products is highly fragmented, with several competitors producing compression therapy products. To promote their products, key players such as Molnlycke Health Care AB and 3M Company are expanding their business into untapped markets and acquiring smaller companies. Other companies are following in their footsteps to do mergers and acquisitions, partnerships and collaborations, and new product launches in order to meet consumer demand and grow their customer base.
The following are some key development strategies employed by industry participants in the Compression Therapy Market:
Historical Data Available for
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Key Countries Covered
Key Market Segments Covered
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The global market is currently valued at around US$ 3.1 Bn in 2022.
Sales of the market are set to witness growth at a CAGR of 5.2 % and be valued at around US$ 5.4 Bn by 2033.
Demand for the market increased at a 4.3% CAGR from 2012 to 2022.
The U.S., Germany, U.K., China, India account for most demand for compression therapy devices, currently holding around 53.5% market share.
The U.S. accounts for around 93.2% share of the North American market in 2022.
Japan accounts for around 1.3% in the global compression therapy devices market in 2022.
China market is expected to grow at a CAGR of 9.1% over the forecast period.
The Germany market is set to expand at a 5.3% CAGR over the forecast period.
Australia market held a revenue share of 1.0% in the global compression therapy devices market in 2022.
The market in India is set to expand at a 3.8% CAGR over the forecast period.