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Detailed overview of compression therapy market

Compression therapy improves blood flow to the heart and increases blood flow to the legs by applying regulated pressure. It supports the veins while also reducing edema.

Compression types:

  • Compression wraps and stockings
  • Devices for Mechanical Compression

Products for compression therapy are used to treat a number of illnesses, such as leg ulcers, lymphedema, varicose veins, and deep vein thrombosis.

Products used in compression therapy include compression pumps, bandages, tapes, compression pumps, compression stockings, and compression apparel.

The market for compression therapy will grow at a strong CAGR of 5.2%, from a value of $2.98 billion in 2021 to $4.71 billion by 2030.

One significant factor is the increase in the frequency of vein problems like leg ulcers, deep vein thrombosis, lymphedema, varicose veins, and blood clots. 

Market Dynamics

Regarding the treatment of ulcers and wounds, compression therapy is crucial. Bandages, stockings, and intermittent pneumatic compression devices can all be used to deliver compression therapy. The market for compression therapy has been pushed by the rising prevalence of numerous conditions like chronic venous disease, cirrhosis, angioedema, and lymphedema; wearing compression gloves and stockings helps to avoid the accumulation of fluid. A device that monitors and adjusts compression is also extremely desirable to provide accurate pressure management and increase compliance; pneumatic compression devices (PCD) provide this option. The emerging devices helping to drive the Compression Therapy market are PCDs, which come in three different varieties: Fixed PCDs with no mobility, Semi-portable PCDs with limited mobility, and Portable PCDs that allow for complete freedom of movement while the device is in use.

Numerous companies have established a foundation for compression product selection to get the best patient outcomes by defining the compression prescription in terms of complete compression products and individualized profiles. Companies are offering platforms for presenting the range of compression products available on the market and highlighting the differences between high-quality compression products and generic ones made by manufacturers utilizing subpar materials and knitting techniques. Numerous businesses are laying the groundwork for selecting compression products to achieve the best patient outcomes, helping expand the compression therapy market. This is done by defining the compression prescription in terms of comprehensive compression products and unique edema profiles.

Market Segmentation

Technology Insights

Due to its great convenience and user-friendliness, static technology held a 64.5% market share in 2022, dominating the technology sector. Due to these goods’ enhanced accessibility in treating edema and sports-related injuries to enable pain and pressure alleviation, this category has attracted a substantial part of the market. The benefits of static technology are thought to influence physicians and patients alike, accounting for a large share of the market.

Product Insights

In the product segment in 2022, compression bandages commanded a commanding share of more than 43.8%. The aforementioned is thought to result from their widespread use in treating edema and lower limb venous and lymphatic problems. Bandages are believed to have advantages, including high tension sustainability and high-cost efficiency, extensibility, and flexibility, that account for their widespread use in various venous disorders.

Regional Insights

North America ruled 43.0% of the global market in 2022. The proportion this region has earned over the past few years is due to an aging population and obesity. Additionally, important growth drivers in this region are the existence of advantageous government reimbursement programs and rising healthcare awareness levels.

Furthermore, a significant element boosting the market’s expansion in this region is the rising prevalence of chronic vein illnesses (CVD). For instance, a research report from 2022 claims that CVD is a significant health issue in western nations and that adult population prevalence ranges from 5 to 30%.

Throughout the predicted period, Asia Pacific is expected to see profitable growth. The market is fueled by significant R&D expenditures by key competitors and persistent efforts to commercialize goods at a substantially reduced cost. Additionally, increasing disposable income increases the likelihood that these items would be used, and ongoing healthcare infrastructure upgrades are projected to offer the market lucrative growth prospects.

Key players Analysis

BSN Medical, SIGVARIS, Medi GmbH & CO KG, Actile Medical, Innothera, PAUL HARTMANN AG, DJO Global, Inc., Devon Medical Products, ElastiMed, KT Health, IntelliSkin, 3M, Biocompression Systems, Inc., Medtronic, and other well-known companies are major players in the global compression therapy market.

Ahsan Khan
Ahsan Khan
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