IMARC Group, a leading market research company, has recently releases report titled “Compression Therapy Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global compression therapy market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Report Highlights
How big is the compression therapy market?
| Report Attributes | Details |
| Market Size in 2022 | US$ 3.7 Billion |
| Market Forecast in 2028 | US$ 5.3 Billion |
| Growth rate (2023 to 2028) | CAGR of 6.09% |
| Base Year of the Analysis | 2022 |
| Forecast Period | 2023-2028 |
What are Compression Therapy?
Compression therapy is a medical technique used to improve blood circulation and reduce swelling in the limbs, primarily the legs. This form of therapy employs specially designed garments, such as socks, stockings, sleeves, and bandages, made from elastic fibers or rubber. These garments apply a controlled pressure on the affected area, supporting the circulatory system by mimicking the action of the muscles and helping to move blood back towards the heart. Widely used to treat conditions like chronic venous insufficiency, deep vein thrombosis, and lymphedema, compression therapy is also commonly recommended for post-surgical care and sports recovery. The garments are designed to be durable, flexible, and comfortable for daily wear, allowing for increased patient compliance and effective treatment outcomes.
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What are the growth prospects and trends in the compression therapy industry?
The global compression therapy market is driven by the aging populations worldwide and the rising prevalence of vascular diseases and musculoskeletal conditions. This has increased the demand for effective, non-invasive treatments like compression therapy. Additionally, there is growing awareness about the benefits of compression garments in sports recovery and the prevention of venous disorders, further boosting market interest. Advances in material science have led to the development of more comfortable and effective compression garments, such as those made from moisture-wicking fabrics, making them more appealing to users. With the rise in sedentary lifestyles leading to an increase in circulatory problems, there is a higher demand for proactive healthcare measures, positioning compression therapy as a viable option.
Moreover, technological innovations, including smart compression devices that can adjust pressure in real-time based on biofeedback, offer substantial opportunities for market growth. These smart devices enable better monitoring and compliance, enhancing the effectiveness of the treatment. The COVID-19 pandemic has also raised awareness about the importance of effective circulation, as poor vascular health can contribute to severe illness, thereby amplifying interest in compression therapy solutions. Other notable drivers include increased healthcare spending and favorable reimbursement policies in several countries, which make compression therapy more accessible to a broader segment of the population. The market is further supplemented by professional recommendations from healthcare providers and an uptick in online retail, which makes it easier for consumers to purchase customized compression garments suited to their specific medical needs.
Who are the key players operating in the industry?
The report covers the major market players including:
- 3M Company
- Arjo
- Bio Compression Systems
- BSN medical Limited (Essity AB)
- Cardinal Health
- Gottfried Medical Inc
- Julius Zorn GmbH
- medi GmbH & Co. KG
- Paul Hartmann AG
- Sigvaris Inc (Sigvaris AG)
- Spectrum Healthcare
What is included in market segmentation?
The report has segmented the market into the following categories:
Breakup by Technology:
- Static Compression Therapy
- Dynamic Compression Therapy
Breakup by Product:
- Compression Pumps
- Compression Stockings
- Compression Bandages
- Compression Tape
Breakup by Application:
- Lymphedema Treatment
- Leg Ulcer Treatment
- Varicose Vein Treatment
- Deep Vein Thrombosis Treatment
- Others
Breakup by Region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
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