Compression Therapy Market Size By Product (Compression Garments {Compression Bandages, Compression Stockings [Compression Class I, Compression Class II, Compression Class III]}, Compression Braces, Compression Tapes, Compression Pumps), By Technology (Static Compression Therapy, Dynamic Compression Therapy), By Application (Varicose Vein Treatment, Deep Vein Thrombosis Treatment, Lymphedema Treatment, Leg Ulcer Treatment), Industry Analysis Report, Regional Outlook, COVID-19 Impact Analysis, Growth Potential, Competitive Market Share & Forecast, 2022 - 2030

Industry Overview

Compression Therapy Market size was valued at more than USD 2,450 million in 2021 and is estimated to record around 5.5% CAGR during the forecast period 2022-2030. Increase in number of sports injuries and accidents across the globe is fueling the global industry growth.
 

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The number of patients suffering from orthopedic diseases is growing at a worrying rate every year. According to the WHO, as of July 2022, around 1.71 billion people worldwide were suffering from musculoskeletal disorders. For treating deep vein thrombosis, varicose vein, and leg ulcers, compression therapy can help to enhance blood circulation and boost recovery after medical procedures. A gradual rise in the number sports injuries and accidents, which could lead to hospitalization, is fueling the demand for these therapies.
 

Many medical professionals recommend compression therapy immediately after certain injuries. After accidental injuries, products such as compression pumps and tapes can be used to enhance muscle health and increase blood circulation, among other benefits. This therapy can address the incidence of inflammation and swelling after a trauma.
 

The geriatric population is at a higher risk of developing orthopedic conditions, increasing the need for undergoing a surgery. The Agency for Healthcare Research and Quality states that over 450,000 total hip replacement surgeries are carried out every year in the U.S., augmenting the demand for compression therapy products. However, the availability of alternative treatments such as oral therapeutics for patients that are non-compliant to compression therapy could hinder the compression therapy market growth. Many oral therapy alternatives can provide effective treatment for venous leg ulcers and other issues among older patients.
 

Compression garment demand expands to efficiently manage venous diseases

Based on product, global compression therapy market share is bifurcated into compression braces, compression garments, compression tapes, and compression pumps. The compression garments segment is projected to be worth over USD 1,900 million by 2030. The products offer numerous benefits in venous disorder management. For instance, they exert controlled pressure on the injured body part to increase the blood circulation in legs and enhance blood flow to the heart. The growing instances of sports injuries will drive the need for compression therapy products.
 

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Vascular disease cases increase the use of static compression therapy

In terms of technology, static compression therapy market value is set to cross USD 3,300 million by 2030. The demand for this type of compression therapy is rising with the surging prevalence of orthopedic and vascular ailments. According to the CDC, in 2021 nearly 6.5 million people in the U.S. aged 40 and above were diagnosed with peripheral arterial disease (PAD). There is also a significant rise in the incidence of deep vein thrombosis (DVT). DVT can be treated effectively using static compression therapy.
 

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Compression therapy application rises in varicose vein treatment

The compression therapy market share from varicose vein treatment application is predicted to exceed USD 1,400 million by 2030. The high incidence of varicose vein disease and lack of physical activity among adults are contributing to the demand for these therapies. In 2021, varicose vein was one of the most prevalent diseases in APAC, affecting nearly 37.25% of the population in India. More patients are becoming aware of the availability of various treatments in hospitals and ambulatory surgical centers. Compression therapy is among the primary treatment approaches used to manage this disease.
 

North America witnesses a surge in chronic venous insufficiency cases

North America compression therapy market size is expected to surpass USD 1,200 million by 2030. Numerous factors, such as presence of major companies, rise in the number of surgical procedures, growing occurrence of venous disorders, and favorable government initiatives are expected to drive the industry trends. North America is seeing an alarming growth in chronic venous insufficiency cases. This is due to variables such as unhealthy lifestyle, obesity, and diabetes, among others. These diseases can significantly impact an individual’s quality of life.
 

Each year, about 1 in 50 adults suffering from varicose veins develop chronic venous insufficiency if left untreated for too long. With increasing awareness among the people, compression therapy products are adopted by the regional hospitals and clinics to better manage the ailment.
 

Leading organizations offering compression therapy products and technology include 3M Company, ArjoHuntleigh, Cardinal Health, Inc, BIO Compression Systems, Inc, Alcare Company Ltd, ConvaTec Inc, DJO Global (Colfax Corporation), Essity AB, Julius Zorn GmbH, Medi GmbH & Co. KG, PAUL HARTMANN AG, Sanyleg S.R.L, Sigvaris AG, Smith & Nephew PLC, and Tactile Medical. Strategic initiatives will help these companies gain a competitive edge. For instance, in June 2020, Medi GmbH launched Mediven Cosy 450, a key addition to the company’s flat-knit compression portfolio. The product has a high B64down stretch elasticity and anatomical foot shape for good fit.
 

The impact of COVID-19 on compression therapy market forecast

The COVID-19 pandemic had a negative effect on compression therapy market in 2020, as the virus overwhelmed the healthcare systems with higher influx of infected patients. People consulting or seeking treatment for other disorders were instructed to avoid hospitals and clinics unless for any emergency. According to the International Journal of Lower Extremity Wounds, most patients affected with venous disease and leg ulcers were advised to remain indoors, except for critical cases. However, declining COVID-19 infection rates worldwide and rising procedure volume will support the market expansion.
 

The compression therapy market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD million from 2017 to 2030, for the following segments:

By Product

• Compression Garments
  • Compression Bandages
  • Compression Stockings
    • Compression Class I
    • Compression Class II
    • Compression Class III
  • Others
• Compression Braces
• Compression Tapes
• Compression Pumps

By Technology,

• Static Compression Therapy
• Dynamic Compression Therapy

By Application

• Varicose Vein Treatment
• Deep Vein Thrombosis Treatment
• Lymphedema Treatment
• Leg Ulcer Treatment
• Others

The above information is provided for the following regions and countries:

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Spain
  • Italy
• Asia Pacific
  • China
  • Japan
  • India
  • Australia
  • South Korea 
• Latin America
  • Brazil
  • Mexico
  • Argentina
• Middle East & Africa
  • South Africa
  • Saudi Arabia
  • UAE