Healthcare IT

Global Compression Therapy Market will grow at CAGR of 4.85% to hit $4.15 Billion by 2026

Global Compression Therapy Market By Technique (Static Compression Therapy, Dynamic Compression Therapy), Product (Compression Garments, Compression Pumps, Compression Braces, Compression Pumps, Compression Bandages, Compression Stockings, Compression Tapes ), Application (Varicose Vein Treatment, Deep Vein Thrombosis Treatment, Lymphedema Treatment, Leg Ulcer Treatment, Other Applications), End- User (Hospitals, Clinics, Ambulatory Surgical Centers,  Home Care Settings)

Market Analysis: Global Compression Therapy Market

Global Compression Therapy Market is expected to rise from its initial estimated value of USD 2.84 billion to an estimated value of USD 4.15 billion by 2026, registering a CAGR of 4.85% in the forecast period of 2019-2026. This rise in market value can be attributed to the increasing awareness about the compression therapy.

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Market Definition: Global Compression Therapy Market

Compression therapy is specially designed to increase the blood flow and to support veins. They are specially designed stockings, which provide gentle pressure to ankle and legs and reduce swelling and discomfort. Different garments are designed to provide different pressure in various points in the legs and foot. These garments are equipped with devices which ensure proper blood circulation by applying and releasing pressure to the legs.

Market Drivers

  • Increasing sports injuries is the major factor driving the market.
  • Rising aging population is driving market

Market Restraints

  • Lack of awareness about compression therapy is restraining the market.
  • Adoption of alternative therapies by the patient.

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Segmentation: Global Compression Therapy Market

  • By Technique
    • Static Compression Therapy
    • Dynamic Compression Therapy,
  • By Product
    • Compression Garments
    • Compression Pumps
    • Compression Braces
    • Compression Pumps
    • Compression Bandages
    • Compression Stockings
    • Compression Tapes
  • By Application
    • Varicose Vein Treatment
    • Deep Vein Thrombosis Treatment
    • Lymphedema Treatment
    • Leg Ulcer Treatment
    • Other Applications
  • By End- User
    • o Hospitals
    • o Clinics
    • o Ambulatory Surgical Centers,
    • o Home Care Settings

Key Developments in the Market:

In April 2018, Game Ready announced the launch of its new Full Leg Boot that will provide compression, cold and heat therapies. This will decrease the swelling and will relieve pain without narcotics. The main aim is to provide the best and fast recovery option to the patients.

In February 2015, Sigvaris USA announced the launch of therapeutic socks option which is specially designed for diabetic patients. They usually keep away moisture and prevent odor and also reduce the risk of infection by reducing friction against the skin.

Competitive Analysis:

Global compression therapy market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of compression therapy market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.

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