Compression Therapy Market Size, Industry Analysis Report, Regional Outlook, Application Development Potential, Price Trends, Competitive Market Share & Forecast, 2020 - 2026
Report ID: GMI2504
Compression Therapy Market size is estimated to experience significant growth from 2018 to 2024.
Compression therapy is used to treat sports injuries caused due to reasons such as overtraining and overexcretion. Increasing sports activities have led to injuries that can be detrimental if not treated immediately. The need for this therapy will arise in case of sports injuries such as tears, fractures and sprains. The occurrence of such incidences of sports injuries will drive the market growth at a substantial pace.
The recognized choice of treatment for venous diseases is compression therapy. People suffering from venous disease use this therapy to help control swelling and discomfort. Increasing cases of patients suffering from venous diseases is associated with aging population. Also, prevalence of chronic diseases such as cancer are responsible for causing venous disease. The rising need for compression therapy for treating venous disorders will have major impact on market growth in near future.
The decrease in compliance of customer due to wearing comfort should be a restraining factor. There are some patients that are not comfortable wearing compression garments such as stockings and opt for different line of treatment. The geriatric population may not be comfortable using these wearable products as they may cause difficulty to the aged people in carrying out day to day activities. These customer compliance factors may affect the market growth.
Compression garments are one of the major components of compression therapy. These products will play significant role in boosting the industry growth, due to their ease of use to patient while working or in stationary position. Compression garments are beneficial to post-operative patients as it prevents deep vein thrombosis and aids the patient in recovering quickly. The use of compression garments in recovery of patients will help the boost the market.
Dynamic compression therapy will increase the scope of the market due to its ability to reduce recovery time, speeding up healing time. Dynamic therapy provides a competitive edge over other therapies to the customers in the treatment of venous disorders. The technological advancement in the dynamic therapy will result in providing comfort and quick result to the patients and will fuel compression therapy market growth.
Prevalence of diseases like venous disorders is a major concern and compression therapy is beneficial in treating them. Gradual increase in cases related to diseases such as varicose vein, deep vein thrombosis, lymphedema and leg ulcer will contribute to market expansion. Rise in number of new and innovative product to treat these disorders will create the opportunities in compression therapy market over the forecast timeframe.
Substantial rise in the number of compression therapy procedures in hospitals, home cares and other healthcare service sectors will impact the market growth. Nowadays the patients can undergo therapy at home, due to easy portability of therapy kits. Increase in aging population and prevalence of chronic diseases will give hospitals a great amount of opportunity in the growth of the market.
North American market will play a crucial role in growth of compression therapy market. The occurrence of venous diseases is very common in the North America region owing to increase in the obesity of people, rise in aging population and high risk of sport injuries.
Asia pacific is fast developing region with rise in inclination towards sports and fitness, prevalence of chronic diseases and increasing population is one of the main reason behind that the market will flourish in future.
Some of the key players in compression Therapy market include 3M, Medtronic PLC, Bio compression systems, BSN Medical, Huntleigh Healthcare, SN Medical, Medi GmbH, Paul Hartmann AG. The companies focus on strategic alliances, merger acquisition and innovative product launches to expand their business product portfolio in the developing countries as main strategies.
Compression Therapy Market, by product, 2013-2024 (USD Million)
- Compression garments
- Compression braces
- Compression tapes
- Compression pumps
Compression Therapy Market by technique, 2013-2024 (USD Million)
Compression Therapy Market by application, 2013-2024 (USD Million)
- Varicose Vein Treatment
- Deep Vein Thrombosis Treatment
- Lymphedema Treatment
- Leg Ulcer Treatment
Compression Therapy Market by end-use, 2013-2024 (USD Million)
- Ambulatory surgical centers
- Home cares
The above information is provided for the following regions and countries:
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
- Saudi Arabia
- South Africa
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