Compression Therapy Market – Key Trends, Key Drivers, Mergers and Acquisitions and Competitive Landscape.
The Compression Therapy Market size was valued at USD 3.55 Bn. in 2021 and the total Insulation revenue is expected to grow by 4.34 % from 2022 to 2029, reaching nearly USD 4.78 Bn.
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Compression Therapy Market Overview:
Compression Therapy is a treatment used to improve blood flow in the lower legs. It usually involves the use of wraps and elastic stockings. This elastic provides compression on the legs, ankles and feet which helps in preventing blood from pooling and fluid from building up in these particular areas. Compression stockings and wraps are typically used to provide the added pressure, increasing the awareness and effectiveness of the calf-muscle pumps in returining blood to the heart. Several companies have good count of manufacturing units of medical compression therapy products and are planning to further penetrate these existing markets and to develop new products in non-traditional areas. For instance, as the evidences by the size of the global compression therapy markets, the addition of static compression products to the DJO product line has been on high priority for the international teams. New niche markets are also continuing to emerge the leverage of the compression therapy products in innovative ways and expanding th opportunites for the growth of the Compression Therapy market.
Compression Therapy Market Dynamics:
Compression therapy plays an important role for wound and ulcer care. Compression therapy can be administered using bandages, stockings, and intermittent pneumatic compression (IPC) devices. The increasing surge of the various disorders like Chronic venous disease, Cirrhosis, Angioedema, Lymphedema; wearing compression gloves and stockings helps in preventing the accumulation of fluid; has driven the market of Compression Therapy. Moreover to ensure precise pressure control and improve compliance, a device that monitors and adjust the compression is highly desirable, Pneumatic Compression Devices (PCD) offers this possibility. The PCD which are available in 3 different types like Fixed PCDs with no mobility, Semi-portable PCDs with extended mobility and Portable PCDs where one can move freely while the device is operating are the emerging devices has further contributing to drive the Compression Therapy market.
Compression Therapy Market Segment:
By Types, the compression therapy market by product types are segmented under Post-Surgical Compression, Athletic Compression and compression for the prevention and treatment of medical condition. The Post – surgical compression product types dominate the compression therapy market. The lower limb edema disorder and the knee replacement therapy among the patients accounted maximum share of the population, and has contributed towards growth of the Post-Surgical Compression garments.
By Application, The varicose vein treatment, deep vein thrombosis treatment, lymphedema treatment, leg ulcer treatment, and other applications categories make up the compression therapy market. Due to the increased incidence of lymphedema and the high desire among end users for compression therapy devices for the treatment and management of lymphedema, the lymphedema treatment sector is anticipated to grow at the highest CAGR during the forecast period.
Regional Analysis:
The five primary geographical regions of the Compression Therapy market are North America, Europe, Asia Pacific, the Middle East & Africa, and South America.
Research methodology:
- To estimate and validate the size of the worldwide Compression Therapy market, top-down and bottom-up methods are utilized. Players carefully adhere to the company’s multiple classification requirements in order to compile a long list of notable and active players. Following a thorough validation process, the businesses that are most pertinent to the market under evaluation are selected.
- Priority lists are compiled using commercial databases like Factiva, Bloomberg, and others and are arranged according to the revenue produced in the most recent quarter.
- In addition, depending on the principal target groups, the questionnaire was specifically developed to meet all standards for capturing primary data in an appointment-only way. This makes it easier for us to collect information on a range of issues, such as player earnings, operating expenses, profitability margins, and the growth of different goods and services. Around 70-80% of the data are verified before use using a variety of secondary sources, including the World Bank, associations, company websites, SEC filings, OTC BB, USPTO, EPO, annual reports, press releases, and more.
Compression Therapy Market Key players:
• BSN Medical(Germany)
• medi GmbH & Co KG(Germany)
• Julius Zorn GmbH(Germany)
• PAUL HARTMANN AG(Germany)
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