Compression Therapy Devices Market 2022, Industry Analysis By Technology, Product, Application, End Use & Forecasts to 2030

Global Compression Therapy Market: Description

The existence of a large target patient population and the stirring incidence of sports injuries and accidents are the primary factors thrusting the growth of this market.

Subsequently, poor patient docility for compression garments and the deficiency of universally accepted standards for compression products are the major factors that may restrict the growth of this market during the predicted forecast.

The need of uniform international pressure standards for compression therapy garments throughout the world may cause bafflement regarding the selection of the garment for the treatment of different diseases.

Extensively, several standards, including the German RAL, British standards and French ASQUL, exist with various pressure specifications included in each standard.

Global Compression Therapy Market: Overview

The compression therapy market valued at US $3.16 Billion in 2022 is expected to reach a value of US $4.73 Billion in 2030, at a CAGR of 5.2%.

The factors such as the growing burden of road accidents, sports injuries and excessive weight gain or obesity, prolonged period static nature of the human body leads to the ultimatum of compression therapy, in order to release the gravity of blood flow constriction.

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According to the World Health Organization in June 2021, around 1.3 Million people die each year due to road traffic crashes.

Majority of the injuries occurred as a result of falls, collisions, being struck by an object and overexertion during unorganized or informal sports activities.

Additionally, the hiking launch of compression therapy devices is also anticipated to drive the growth of this market over the predicted forecast period.

Global Compression Therapy Market: Key Trends

Presence of abundance of target patient population

The target population for compression therapy products includes patients suffering from vascular diseases and lifestyle related diseases such as obesity, lymphedema, diabetes, DVT, and varicose veins.

The increasing of ageing population throughout the globe is contemplated as a major factor supporting market growth as geriatric individuals are more vulnerable to various health conditions.

These factors are thrusting the demand and adoption of varied treatment procedures, including compression therapy, among patients.

Moreover, compression therapy products are highly being preferred as the first line of treatment for primary target indications and for post-surgery rehabilitation.

Significant adoption of alternative therapies

Different treatment options, including surgeries, ablation, sclerotherapy, ablation procedures and ligation, are available for chronic venous diseases such as chronic venous insufficiency, leg swelling and pain, varicose veins & spider veins and leg ulcers.

Though compression therapy is considered as the first-line treatment for these diseases, several substitute therapies offer benefits such as no or few complications, reduced hospital stay and minimal pain during and after the treatment,

Also, disparate compression therapy, these alternative therapies cure the disease and not just the symptoms.

Global Compression Therapy Market: Segmental Analysis

Based on Product

• Compression Socks
• Compression Pumps
• Compression Garments
• Compression Bandages and Wraps
• Compression Braces
• Others

For many years, compression garments have been extensively used in medical treatments. In many of sportswear, it is an important addition to athletics and fitness activities. It is expected to enhance the performance of the athletes, accelerate the process of recovery and decrease the possibility of injury.

Based on Technique

• Dynamic Compression Therapy
• Static Compression Therapy

Based on Application

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

Based on Distribution Channel

• E-commerce Platforms
• Pharmacies and Retailers
• Hospitals and Clinics

Global Compression Therapy Market: Competitive Landscape

Some of the leading companies are contributing additionally to the industry of Global Compression Therapy and is achieving new heights.

• DJO GLOBAL INC.
• 3M COMPANY
• SMITH & NEPHEW PLC
• MEDLINE INDUSTRIES INC.
• PAUL HARTMAN

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Scope of the report:

• Base Year- 2022
• History Year- 2018-2021
• Forecast Year- 2022-2030
• Segments Covered- Region, Application, Distribution Channel, product and Technique.
• CAGR- 5.2%