The Global Compression Therapy Market was valued at approximately USD 3.4 billion in 2023 and is projected to grow at 5.5% CAGR from 2024 to 2032. Compression therapy enhances circulation and manages conditions related to blood flow and swelling in the extremities, particularly the legs and arms. The significant market growth is primarily due to the rising incidence of diabetes and obesity, technological advancements in products, and the increasing prevalence of chronic venous disorders and lymphedema.
The overall industry is divided into product, technology, application, distribution channel, and region
The compression therapy market is segmented by product into compression garments, compression braces, compression tapes, and compression pumps. In 2023, the compression garments segment led the market with a revenue of around USD 1.7 billion. Compression garments treat various conditions, including varicose veins, lymphedema, chronic venous occlusions, deep vein thrombosis (DVT), and post-surgical recovery. Their broad applicability makes them a preferred choice among healthcare providers and patients.
By application, the varicose vein treatment segment held the majority market share, with revenue of around USD 1.3 billion in 2023. Varicose veins, drive the demand for effective treatment options. Compression therapy, often a preferred non-invasive or minimally invasive treatment option for varicose veins, involves using compression stockings or wraps to improve circulation and reduce symptoms, making it popular among patients and healthcare providers.
North America compression therapy market was valued at USD 1.1 billion in 2023 and is expected to witness substantial growth during 2024-2032. The prevalence of conditions, such as venous disorders, diabetes, obesity, and cardiovascular diseases in the region often necessitates compression therapy as part of their management, driving market growth. Additionally, the aging population in the region, prone to conditions, such as venous insufficiency and lymphedema, benefits from compression therapy.
Table of Contents
Chapter 1 Methodology and Scope
1.1 Market scope and definition
1.2 Research design
1.2.1 Research approach
1.2.2 Data collection methods
1.3 Base estimates and calculations
1.3.1 Base year calculation
1.3.2 Key trends for market estimation
1.4 Forecast model
1.5 Primary research and validation
1.5.1 Primary sources
1.5.2 Data mining sources
Chapter 2 Executive Summary
2.1 Industry 360° synopsis
Chapter 3 Industry Insights
3.1 Industry ecosystem analysis
3.2 Industry impact forces
3.2.1 Growth drivers
3.2.1.1 Increase in number of sports injuries and accidents
3.2.1.2 Rise in number of orthopedic procedures
3.2.1.3 Large unaddressed patient population
3.2.1.4 Growing awareness among the patients regarding treatment options
3.2.1.5 Recent technological advancements
3.2.2 Industry pitfalls and challenges
3.2.2.1 Availability of alternative treatments
3.2.2.2 Reduced compliance due to wearer discomfort
3.2.2.3 Side-effects with the use of compression therapy
3.3 Growth potential analysis
3.4 Technology landscape
3.5 Future market trends
3.6 Regulatory landscape
3.6.1 U.S.
3.6.2 Europe
3.6.3 Asia Pacific
3.7 Reimbursement scenario
3.8 Gap analysis
3.9 Start-up scenario
3.10 Porter's analysis
3.11 PESTEL analysis
Chapter 4 Competitive Landscape, 2023
4.1 Introduction
4.2 Company market share analysis
4.3 Company matrix analysis
4.4 Competitive analysis of major market players
4.5 Competitive positioning matrix
4.6 Strategy dashboard
Chapter 5 Market Estimates and Forecast, By Product, 2021 - 2032 ($ Mn)
5.1 Key trends
5.2 Compression garments
5.2.1 Compression bandages
5.2.2 Compression stockings
5.2.2.1 Compression class I
5.2.2.2 Compression class II
5.2.2.3 Compression class III
5.2.3 Other compression garments
5.3 Compression braces
5.4 Compression tapes
5.5 Compression pumps
Chapter 6 Market Estimates and Forecast, By Technology, 2021 - 2032 ($ Mn)
6.1 Key trends
6.2 Static compression therapy
6.3 Dynamic compression therapy
Chapter 7 Market Estimates and Forecast, By Application, 2021 - 2032 ($ Mn)
7.1 Key trends
7.2 Varicose vein treatment
7.3 Deep vein thrombosis treatment
7.4 Lymphedema treatment
7.5 Leg ulcer treatment
7.6 Other applications
Chapter 8 Market Estimates and Forecast, By Distribution Channel, 2021 - 2032 ($ Mn)
8.1 Key trends
8.2 Hospital pharmacies
8.3 Retail pharmacies
8.4 Online pharmacies
Chapter 9 Market Estimates and Forecast, By Region, 2021 - 2032 ($ Mn)