Global Compression Therapy
Market Report
2024
As per Cognitive Market Research's latest published report, the Global Compression Therapy Service market size was USD 3.51 billion was in 2022 and it will be USD 5.38 billion by 2030. Clinical Laboratory Service Industry's Compound Annual Growth Rate will be 5.5% from 2023 to 2030.
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
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As per Cognitive Market Research's latest published report, the Global Compression Therapy Service market size was USD 3.51 billion was in 2022 and it will be USD 5.38 billion by 2030. Clinical Laboratory Service Industry's Compound Annual Growth Rate will be 5.5% from 2023 to 2030.
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global Compression Therapy Market Sales Revenue 2022 | $ 3.51 Billion |
Global Compression Therapy Market Sales Revenue 2030 | $ 5.38 Billion |
Global Compression Therapy Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 5.5% |
Market Split by Type |
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Market Split by Application |
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Market Split by Technology |
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Market Split by Distribution Channel |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Key Qualitative Information Covered |
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Compression Therapy Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
Compression therapy is a treatment method that uses graduated compression to promote blood flow in the legs. It is typically used to prevent or reduce swelling and to prevent blood clots in the legs. Compression therapy is often used in individuals with conditions such as varicose veins, deep vein thrombosis, or after surgery. The therapy is usually applied using compression stockings, compression bandages, or compression pumps. A healthcare professional will determine the appropriate level of compression and the duration of therapy for each individual.
Diseases such as venous leg ulcers and lymphedema are difficult to treat but the compression therapy market with its product innovations has come up with effective treatments. Due to disorders like deep vein thrombosis, obesity, and varicose veins, immobility is seen in the patients. The compression therapy helps in controlling the inflammation caused by lymph fluid. Pressure is exerted on the area of swelling and encourages the movement of the lymph fluid around the vessels. Thus, the rising prevalence of such diseases and increased awareness regarding these advanced and non-invasive treatments help in driving the market growth of compression therapy.
Chronic venous illnesses such as varicose veins, leg ulcers, lymphedema, and deep vein thrombosis consist of various options for their treatment including surgeries, ligation, and ablation techniques. Compression therapy on its side has the advantage of reduced hospital stay, less pain during or post-treatment, and no adverse reactions. Compression therapy is the first-line treatment for venous disorders but treatments like local anaesthetics or anticoagulants have been seen as giving potential benefits for the patients. Such alternatives are upcoming challenges for the growth of the compression therapy market shortly.
The COVID-19 pandemic had positively impacted the growth of the compression therapy market due to the increase in the treatment of venous disorders such as deep vein thrombosis (DVT), varicose veins, lymphedema, and leg ulcer. These disorders were commonly found in hospitalized patients by being in similar positions for a long time. Thus, with the increase in DVT and other venous insufficiencies due to COVID-19, the demand for compression therapy also increased. However, even though the market is gradually stabilizing with the declining cases of COVID-19, there still can be seen an increase in the hospitalization of patients, which is expected to impact the compression therapy market growth.
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Koya Medical focused on the development of breakthrough treatments for lymphedema and venous diseases. It announced that it had received Food and Drug Administration (FDA) 510(k) clearance for its active compression therapy system Dayspring for the treatment of lymphedema and venous diseases that impacted the lymphatic flow in the lower extremities.
Therabody integrated the Recovery Pump product line, including the bestselling Recovery Boots of RP sports with its Theragun Percussive Massage Therapy devices and smart vibrating Wave Roller. This compression technology was made accessible to everyday customers from health and wellness enthusiasts.
Top Companies Market Share in Compression Therapy Industry: (In no particular order of Rank)
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Geographically, the compression therapy market is segmented into North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa. The market for compression therapy is highly dominated by North America due to its increasing number of patients suffering from varicose veins, deep vein thrombosis, lymphedema, and leg ulcers. Compression therapy minimizes swelling, increases recovery time, and eases pain during lymphedema. It helps to reduce the discomfort and footslog associated with venous insufficiency. Thus, penetration of such non-invasive techniques and new product launches are likely to drive the expansion of the compression therapy market in the North Indian region.
The current report Scope analyzes Compression Therapy Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
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Global Compression Therapy Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Compression Therapy Industry growth. Compression Therapy market has been segmented with the help of its Type, Application Technology, and others. Compression Therapy market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
Globally, the compression therapy market comprises various product segments like Compression Tapes, Compression Garments, Compression Bandages, Compression Stockings, and Compression Pumps. The Compression garment accounts to hold the largest share of the global market. This is due to its enhancement of performance in athletics, accelerating recovery time and decreasing the chances of injuries. In daily life, the use of compression garments is also prevailing due to the huge population suffering from arthritis as a result of the existence of chronic disorders. Thus, the adoption of compression garments due to their flexibility and beneficial effects is expected to drive the product segmental growth of the compression therapy market.
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The global compression therapy market based on its application is classified into deep vein thrombosis treatment, varicose vein treatment, lymphedema treatment, and leg ulcer treatment. The growth is attributed due to lymphatic obstruction which means the swelling of limbs and inflammation caused by the lymph fluid. Compression therapy provides an effective treatment by improving the movement of the lymph fluid around the vessels. It also allows the flow of blood through the vessels by exerting pressure on them. Such non-invasive techniques to treat lymphedema are expedited to drive the market growth of this segment during the forecast period.
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Based on technology, the static compression therapy market is globally segmented into static compression therapy and dynamic compression therapy. Static compression therapy dominates the market because of its easy use and high convenience in the treatment of edema, chronic venous illness, and lifestyle disorders. For athletes, they provide flexibility and increase the recovery rate. For the rising number of geriatric patients, static compression therapy is simple to conform to any shape of the body and easy to wear. Therefore, this segment of technology is expected to dominate the market share of the compression therapy market in the upcoming years.
Senior Research Associate at Cognitive Market Research
Manjiri Kanhere is an experienced market researcher focused on the Pharma & Healthcare industry. With over 3+ years of experience, She has worked with major pharmaceutical companies and healthcare providers, helping them to understand market trends, identify new business opportunities, and develop effective sales & marketing strategies. Her expertise lies in the ability to analyze complex data sets and deliver insights that drive business decisions. At Cognitive Market Research, she handles the market research related to Pharma and healthcare industry.
Manjiri Kanhere is an experienced market researcher focused on the Pharma & Healthcare industry. With over three years of experience, She has worked with major pharmaceutical companies and healthcare providers, helping them to understand market trends, identify new business opportunities, and develop effective sales & marketing strategies.
In her current role, Manjiri handles the market research related to Pharma and healthcare industry. Her passion lies in utilizing innovative approaches to distill complex information into strategic insights that empower organizations to make informed decisions.Manjiri remains an invaluable asset in the dynamic landscape of market research.
Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global Compression Therapy Market is witnessing significant growth in the near future.
In 2023, the Compression Tapes segment accounted for noticeable share of global Compression Therapy Market and is projected to experience significant growth in the near future.
The Deep Vein Thrombosis Treatment segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies 3M Company , Tactile Medical and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Please note, we have not disclose, all the sources consulted/referred during a market study due to confidentiality and paid service concern. However, rest assured that upon purchasing the service or paid report version, we will release the comprehensive list of sources along with the complete report and we also provide the data support where you can intract with the team of analysts who worked on the report.
Disclaimer:
Type | Compression Tapes, Compression Garments, Compression Bandages, Compression Stockings, Compression Pumps |
Application | Deep Vein Thrombosis Treatment, Varicose Vein Treatment, Lymphedema Treatment, Leg Ulcer Treatment |
Technology | Static Compression Therapy and, Dynamic Compression Therapy |
Distribution Channel | Clinics, Hospitals, Pharmacies, Ambulatory Surgical Centers, Institutional Sales |
List of Competitors | 3M Company, BSN Medical, Tactile Medical, Medtronic PLC, Sanyleg S.r.l., Bio Compression Systems In., Cardinal Health Inc., Medi GmbH & Co. KG, Convatec Group PLC, DJO Global Inc., Sigvaris Inc., Paul Hartmann AG. |
This chapter will help you gain GLOBAL Market Analysis of Compression Therapy. Further deep in this chapter, you will be able to review Global Compression Therapy Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Chapter 2 North America Market Analysis
Chapter 3 Europe Market Analysis
Chapter 4 Asia Pacific Market Analysis
Chapter 5 South America Market Analysis
Chapter 6 Middle East and Africa Market Analysis
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Chapter 7 Top 10 Countries Analysis (Only Available with Corporate User License)
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Type Analysis 2019 -2031, will provide market size split by Type. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Type Analysis 2019 -2031
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Chapter 11 Market Split by Application Analysis 2019 -2031
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Chapter 12 Market Split by Technology Analysis 2019 -2031
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Chapter 13 Market Split by Distribution Channel Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Compression Therapy market
Chapter 14 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Compression Tapes have a significant impact on Compression Therapy market? |
What are the key factors affecting the Compression Tapes and Compression Garments of Compression Therapy Market? |
What is the CAGR/Growth Rate of Deep Vein Thrombosis Treatment during the forecast period? |
By type, which segment accounted for largest share of the global Compression Therapy Market? |
Which region is expected to dominate the global Compression Therapy Market within the forecast period? |
Segmentation Level Customization |
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Region level Data Customization |
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Country level Data Customization |
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Company Level |
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Additional Quantitative Data |
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