Global Compression Therapy Market size was valued at USD 4.0 billion in 2021 and is estimated to reach around USD 6.5 billion in 2030 exhibiting a CAGR of 6.0% in the forecasted period. Increase in the prevalence of vein disorders such as lymphedema, leg ulcers, deep vein thrombosis, varicose veins, and blood clots is a high impact factor. Products, specifically stockings and bandages are being gradually used to treat the abovementioned disorders, thus boosting the market growth.
Pressure therapy makes use of specially designed medical stockings to support veins and improve blood flow in the legs. Medical supply companies provide these, and then clinical inventory staff members measure the target leg to make sure the stockings are having the greatest possible curative impact.
Because of factors like the increasing weight of sports injuries, traffic accidents, excessive weight gain or heft, and the human body’s drawn-out static character, pressure treatment is expected to release the seriousness from bloodstream choking.
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Key Companies Insights
Key players are aiming on their technological partnerships, collaborations, and merger & acquisitions policies to gain a competitive edge and expand their product portfolio & business footmark. The ongoing COVID-19 pandemic hindered the healthcare systems worldwide and driven market players to update products for unexploited prospects. Some of the key players operating in the global compression therapy market include:
- Cardinal Health
- Julius Zorn GmbH
- Hartmann AG
- Medi GmbH & Co.
- SIGVARIS
- BSN Medical GmbH
- ArjoHuntleigh
- 3M Health Care
- Spectrum Healthcare
- Bio Compression Systems, Inc.
- Stryker
- Gottfried Medical
- Other players
Some of the Recent Developments:
- In April 2022, Koya Medical launched the Dayspring active compression device in the United States. Koya developed the Dayspring compression device to treat lymphedema and venous disorders in the lower limbs. It is a soft, breathable mesh garment with Koya’s exclusive Flexframe technology, which usages spring-like parts to generate compression.
- In June 2022, Stryker declared the opening of its new research & development facility in India. The 150,000-square-foot facility intends to help accelerate innovation in India and across the globe.
Segments
By Product Technology
- Static Compression Therapy
- Dynamic Compression Therapy
By Product
- Compression Pumps
- Compression Stockings
- Compression Bandages
- Compression Tape
By Application
- Varicose Vein Treatment
- Deep Vein Thrombosis Treatment
- Lymphedema Treatment
- Leg Ulcer Treatment
- Others
By Distribution Channel
- Clinics and Hospitals
- E-commerce platforms
- Retailers and Pharmacies
- Homecare
Key Indicators Analysed
Market Players & Competitor Analysis: The report covers the key players of the industry including Company Profile, Product Specifications, Production Capacity/Sales, Revenue, Price and Gross Margin 2016-2027 & Sales with a thorough analysis of the market’s competitive landscape and detailed information on vendors and comprehensive details of factors that will challenge the growth of major market vendors.
Global and Regional Market Analysis: The report includes Global & Regional market status and outlook 2016-2027. Further the report provides break down details about each region & countries covered in the report. Identifying its sales, sales volume & revenue forecast. With detailed analysis by types and applications.
Market Trends: Market key trends which include Increased Competition and Continuous Innovations.
Opportunities and Drivers: Identifying the Growing Demands and New Technology
Porters Five Force Analysis: The report provides with the state of competition in industry depending on five basic forces: threat of new entrants, bargaining power of suppliers, bargaining power of buyers, threat of substitute products or services, and existing industry rivalry
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