Global Compression Therapy Market Size, Trends, and Growth Opportunity, 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 Distribution Channel (Institutional Sales, Hospitals, Clinics, Ambulatory Surgical Centers, Nursing Facilities, Retail Sales, Hospital Pharmacies, Retail Pharmacies, Online Sales), By Application (Varicose Vein Treatment, Deep Vein Thrombosis Treatment, Lymphedema Treatment, Leg Ulcer Treatment), Regional Outlook, Competitive Market Share & Forecast, 2022 – 2027.
Global Compression Therapy Market
The global Compression Therapy Market was valued at USD 3.6 billion in 2021 and is expected to reach USD 4.11 billion by 2027, at a CAGR of 1.32% from 2022-2027.
Compression therapy aids in improving blood flow to the feet, ankles, and lower legs. It is an effective treatment for swelling and pain caused by conditions associated with poor circulation, such as chronic venous insufficiency and varicose veins.
Market Drivers
A significant cause is a rise in the incidence of vein problems like deep vein thrombosis, leg ulcers, lymphedema, varicose veins, and blood clots. Products, especially bandages, and stockings are being increasingly used to treat the disorders, thus driving the market growth.
Furthermore, the market is predominantly driven by the growing number of orthopedic procedures because of a significant rise in the number of accidents and the obese population globally.
Market Restraints
As a result of a lack of knowledge about compression as a feasible treatment alternative for the management of lymphatic and venous issues, it is projected that the market growth for compression therapy is constrained in many emerging economies. Also, one of the key roadblocks to the market's expansion is the high cost of compression pumps.
Market Segmentation
The Global Compression Therapy Market is segmented into product, technology, application, and region.
Based on technology, it is segmented into static compression therapy and dynamic compression therapy. The benefits associated with this technology are believed to drive the inclination of patients and physicians, thus accounting for a dominant share.
Regional Analysis
The Global Compression Therapy Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
The North American region is expected to dominate the compression therapy market with a share of the maximum in 2022. This is attributable to favorable government reimbursement plans, growing healthcare awareness levels, and the high incidence of chronic venous disorders.
Key Players
Various key players are discussed in the Global Compression Therapy
Global Compression Therapy Market TOC
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Compression Therapy Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Compression Therapy Market, By Product
5.1 Y-o-Y Growth Comparison, By Product
5.2 Global Compression Therapy Market Share Analysis, By Product
5.3 Global Compression Therapy Market Size and Forecast, By Product
5.3.1 Compression Garment
5.3.2 Compression Bandages
5.3.3 Compression Stockings
5.3.4 Compression Class I
5.3.5 Compression Class II
5.3.6 Compression Class III
5.3.7 Compression Braces
5.3.8 Compression Tapes
5.3.9 Compression Pumps
5.3.10 Others
6 Global Compression Therapy Market, By Technology
6.1 Y-o-Y Growth Comparison, By Technology
6.2 Global Compression Therapy Market Share Analysis, By Technology
6.3 Global Compression Therapy Market Size and Forecast, By Technology
6.3.1 Static Compression Therapy
6.3.2 Dynamic Compression Therapy
7 Global Compression Therapy Market, By Distribution Channel
7.1 Y-o-Y Growth Comparison, By Distribution Channel
7.2 Global Compression Therapy Market Share Analysis, By Distribution Channel
7.3 Global Compression Therapy Market Size and Forecast, By Distribution Channel
7.3.1 Institutional Sales
7.3.2 Hospitals
7.3.3 Clinics
7.3.4 Ambulatory Surgical Centers
7.3.5 Nursing Facilities
7.3.6 Retail Sales
7.3.7 Hospital Pharmacies
7.3.8 Retail Pharmacies
7.3.9 Online Sales
8 Global Compression Therapy Market, By Application
8.1 Y-o-Y Growth Comparison, By Application
8.2 Global Compression Therapy Market Share Analysis, By Application
8.3 Global Compression Therapy Market Size and Forecast, By Application
8.3.1 Varicose Vein Treatment
8.3.2 Deep Vein Thrombosis Treatment
8.3.3 Lymphedema Treatment
8.3.4 Leg Ulcer Treatment
9 Global Compression Therapy Market, By Region
9.1 Global Compression Therapy Market Share Analysis, By Region
9.2 Global Compression Therapy Market Share Analysis, By Region
9.3 Global Compression Therapy Market Size and Forecast, By Region
10 North America Compression Therapy Market Analysis and Forecast (2022-2027)
10.1 Introduction
10.2 North America Compression Therapy Market Share Analysis, By Product
10.3 North America Compression Therapy Market Size and Forecast, By Technology
10.4 North America Compression Therapy Market Size and Forecast, By Distribution Channel
10.5 North America Compression Therapy Market Size and Forecast, By Application
10.6 North America Compression Therapy Market Size and Forecast, By Country
10.6.1 U.S.
10.6.2 Canada
10.6.3 Mexico
11 Europe Compression Therapy Market Analysis and Forecast (2022-2027)
11.1 Introduction
11.2 Europe Compression Therapy Market Share Analysis, By Product
11.3 Europe Compression Therapy Market Size and Forecast, By Technology
11.4 Europe Compression Therapy Market Size and Forecast, By Distribution Channel
11.5 Europe Compression Therapy Market Size and Forecast, By Application
11.5 Europe Compression Therapy Market Size and Forecast, By Country
11.6.1 Germany
11.6.2 France
11.6.3 UK
11.6.4 Rest of Europe
12 Asia Pacific
