The compression therapy market size is estimated to be USD 4,452.4 million in 2022 and is expected to witness a CAGR of 6.51% during the forecast period 2023-2033. Rising demand for orthopedic surgeries and surge in application of compression garments in sports medicine are some of the factors projected to drive the market growth in near future. Furthermore, rising frequency of venous disorders, growing importance of treating sports injuries, and increase in orthopedic procedures worldwide are supporting the market growth. However, presence of alternatives is predicted to limit market growth.

Rising demand for orthopedic surgeries is expected to fuel the market growth during the projected period increase in accidents and the world’s obese population. The large number of orthopedic surgeries is a result of the growing elderly population’s increasing susceptibility to orthopedic problems. Additionally, a prevalent vein problem in the elderly population is varicose veins. For instance, research by the Chicago Vein Institute estimates that by 2022, 50% of Americans over the age of 50 will have varicose veins. The consumption of the products is increasing as a result of these factors.

Surge in application of compression garments in sports medicine is predicted to propel the market growth during the forecast period. Compression garments is being used frequently in sports medicine which is predicted to create profitable expansion chances for the industry. Compression therapy is being used often to reduce swelling and inflammation after an injury or trauma. These products are also widely used to improve blood flow throughout the body and prevent clotting of fluids in tissue both of which support the health of muscles.

Segmentation

By Product

The market is categorized into compression stockings, compression pumps, compression tape, and compression bandages. In 2022, the compression bandages segment accounted for the highest revenue share due to the widespread use in the treatment of lower limb venous and lymphatic problems, and edema. Bandages are said to have been adopted in a variety of venous disorders due to advantages including high tension sustainability and high-cost efficiency, extensibility, and flexibility. Furthermore, the availability of a variety of bandages, including multilayer, long-stretch, and short-stretch options, to meet patient needs and produce better results is driving a strong segment growth. The use of bandages, which are regarded as the gold standard in the treatment of lymphedema due to the prevalence of most vascular diseases and their impact on the market share. Compression pumps are expected to experience a significant CAGR over the upcoming years due to the rise in lymphedema and other venous disorders. Pumps are additionally made to enable the delivery of controlled pressure in line with the severity of the disorder, making them more effective than the alternatives.

By Technology

The market is categorized into dynamic compression therapy and static compression therapy. In the global market, the static compression therapy segment accounted for the largest revenue share in 2022 owing to its high convenience and user-friendliness. This segment has acquired a substantial part of the market due to these products’ enhanced accessibility in treating edema and sports-related injuries to enable pain and pressure relief. This segment has acquired a substantial part of the market Due to these products’ enhanced accessibility in the treatment of edema and sports-related injuries to enable pain and pressure relief. Furthermore, the significant market share held by this segment is also believed to be the result of the high risk of lymphedema, deep vein thrombosis, and chronic venous insufficiency among the ageing and diabetic populations. The dynamic technology is anticipated to increase exponentially throughout the projected period due to the advantages it offers. These advantages include sustained effect, high venous return, and external control.

Regional Markets

In 2022, North America region accounted for the highest revenue in the compression therapy market and is expected to maintain its dominance during the forecast period. This is attributed to ageing population and obesity. In this region, the availability of advantageous government reimbursement programmes and rising healthcare awareness. In this region, the availability of advantageous government reimbursement programmes and rising healthcare awareness are also important growth drivers. Furthermore, a significant factor boosting the market’s expansion in this region is the rising prevalence of chronic vein disorders (CVD). For instance, a research report from 2022 states that CVD is a significant health issue in western nations and that adult population prevalence ranges from 5 to 30%. Asia Pacific is expected to experience profitable growth throughout the predicted period. The market is propelled by significant R&D expenditures by key competitors and ongoing efforts to commercialize products at a relatively reduced cost. Additionally, expanding disposable income, which increases the chance that these products would be used, and continuous healthcare infrastructure upgrades are projected to offer the market lucrative potential growth.

Competitor Insights

Some of the key players operating in the compression therapy market are 3M Health Care, Cardinal Health, Julius Zorn GmbH, Hartmann AG, BSN Medical GmbH, ArjoHuntleigh, Stryker, Medi GmbH & Co., Spectrum Healthcare, Bio Compression Systems, Inc., SIGVARIS, and Gottfried Medical.

To achieve a competitive edge, these companies are implementing a variety of growth strategies. Strategic partnerships, alliances, and agreements with different businesses and research institutions are seen to be the main strategies used by companies in this sector.

• For instance, Stryker declared the inauguration of its new R&D centre in India in June 2022.

This comprehensive research report focuses on the global and regional market size and forecasts of diverse segments including product and technology from 2022 to 2033.

Report Scope:

Segmentation: Compression Therapy Market Report 2022 – 2033

Product (Revenue, USD Million), 2022 – 2033

• Compression Stockings
• Compression Pumps
• Compression Tape
• Compression Bandages

Technology (Revenue, USD Million), 2022 – 2033

• Dynamic Compression Therapy
• Static Compression Therapy

By Region (Revenue, USD Million), 2022 – 2033

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • France
  • UK
  • Spain
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Rest of APAC
• Latin America
  • Brazil
  • Mexico
  • Argentina
  • Rest of LATAM
• Middle East & Africa
  • South Africa
  • Saudi Arabia
  • Rest of MEA