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Compression Therapy Market - By Product (Compression Garments, Compression Braces, Compression Tapes, Compression Pumps), By Technology (Static Compression Therapy, Dynamic Compression Therapy), By Application (Lymphedema Treatment, Leg Ulcer Treatment) & Forecast to 2032

  • Report ID: GMI2504
  • Published Date: Mar 2023
  • Report Format: PDF

Industry Statistic

Compression Therapy Market size was worth more than USD 2.5 million in 2022 and is set to grow at a robust pace of over 5% CAGR from 2023 and 2032 owing to the escalating number of road accidents and sports injuries.

Compression Therapy Market

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Sports injuries have increased resulting from a growing number of adults and kids engaging in more physical exercise. Over 30 million kids and teenagers play organized sports in the U.S. each year, and more than 3.5 million people get hurt as a result.  As athletes and sports trainers seek quicker and more controlled recovery, the increasing number of sports injuries and accidents has led to the growth in hospitalization for compression therapy, which is the key driver propelling the market landscape.

Availability of alternative treatments to restrict compression therapy market share

Compression therapy is the standard diagnostic therapeutic strategy for venous problems, lymphedema, oedema, and other diseases. Oral treatments and surgical approaches, on the other hand, are recommended for people who are non-responsive or non-compliant with compression therapy. Patients with venous leg ulcers (VLU) who are not adherent to compression therapy, particularly elderly persons, prefer oral therapy. Thus, the availability of several surgical and therapeutic options to compression therapy as alternatives may restrict market expansion. However, investments in R&D initiatives to provide improved therapy solutions are expected to help overcome the market restraint.

Growing use by athletes to promote compression garments segment progress

Global Compression Therapy Market Share, By Product

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Based on product, the compression therapy market from the compression garments segment accounted for more than USD 1 billion in revenue in 2022. The segment expansion is projected to be mainly fueled by the rising prevalence of orthopedic disorders caused by an increase in the number of accidents and traffic injuries. The rising number of sports injuries has also contributed to the increased popularity of athletic compression garments, which offers additional support for muscles and joints and promotes rapid recovery. The growing adoption of compression clothing by athletes to aid in improved blood circulation before or after workouts is also anticipated to strengthen market outlook.

Rising cases of deep vein thrombosis to fuel the static compression therapy segment statistics

Authors: Rupali Swain

Frequently Asked Questions (FAQ) :

Global market for compression therapy exceeded USD 2.5 million in 2022 and is projected to grow at over 5% CAGR through 2032, attributed to the rising number of road accidents and sports injuries.

Compression garment product segment generated more than USD 1 billion in revenue in 2022 and is anticipated to hold a significant market share driven by the growing use by athletes to promote compression garments.

North America compression therapy market held a 33% revenue share in 2022 and is slated to depict a substantial growth rate through 2032 owing to an increase in the number of surgical operations.

Some of the leading enterprises operating in the compression therapy industry are Convatech, Inc., Arjohuntleigh, Paul Hartmann AG, 3M Company, Alcare Company Ltd., DJO Global Inc. (Colfax Corporation), Cardinal Health, Inc., Essity, Julius Zorn GmbH, Sanyleg S.R.L., Tactile Medical, and Sigvaris.

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  • Base Year: 2022
  • Companies covered: 15
  • Tables & Figures: 425
  • Countries covered: 30
  • Pages: 250
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