What Is The Current and Historic Market Size Analysis Of The Compression Therapy Market?
The compression therapy market has seen considerable growth due to a variety of factors.
• In recent times, the compression therapy market has seen significant growth. Its expected progression is from $4.31 billion in 2024 to $4.68 billion in 2025, with a compound annual growth rate (CAGR) of 8.7%.
The growth during this historic period has been driven by several factors. These include an aging population, a rise in chronic venous diseases, increased awareness about the benefits of compression therapy, growing rates of diabetes and obesity-related conditions, and a broadening of the indications for compression therapy.
What Are The Predictions for The Compression Therapy Market Size In The Coming Years?
The compression therapy market is expected to maintain its strong growth trajectory in upcoming years.
• The market size for compression therapy is set to experience solid expansions in the years to come. By 2029, it's projected to surge up to $6.8 billion with a compound annual growth rate (CAGR) of 9.8%.
The anticipated growth during the forecast period is due to increased healthcare expenditures and better reach, the expanding elderly population, heightened instances of chronic health issues such as lymphedema, a widened use in sports and fitness, and a growing trend of accepting compression therapy in healthcare settings. The forecast period can also expect trends such as the creation of smart and wearable compression devices, tailoring of compression therapy strategies, the inclusion of compression therapy in managing wound care, a focus on patient comfort and compliance in the utilization of compression therapy, and alliances between manufacturers and healthcare service providers to enhance patient results.
Which Drivers Are Accelerating Growth In The Compression Therapy Market?
The swelling number of older individuals is fueling the expansion of the compression therapy market. A significant increase in the elderly demographic is being observed globally. This section of the population is at high risk of being affected by various chronic diseases. Compression therapy serves as an effective and straightforward method for enhancing vein support and improving the blood flow efficiency in lower body extremities. In cases of chronic venous disease, it is most prevalent in the aging population. For example, the World Health Organization (WHO), a Swiss institution that overseas international public health, projected in a report in October 2022 that by 2030, every sixth person will be aged 60 or above, globally. This figure is set to reach 2.1 billion people around the world by 2050. As a result, the surging geriatric population is predicted to stimulate the growth of the compression therapy market.
What Are The Core Segments Of The Global Compression Therapy Market?
The compression therapy market covered in this report is segmented –
1) By Product: Compression Pumps, Compression Stockings, Compression Bandages, Compression Tapes
2) By Technique: Static Compression Therapy, Dynamic Compression Therapy
3) By Application: Varicose Vein Treatment, Deep Vein Thrombosis Treatment, Lymphedema Treatment, Leg Ulcer Treatment, Other Applications
Subsegments:
1) By Compression Pumps: Sequential Compression Pumps, Non-sequential Compression Pumps
2) By Compression Stockings: Knee-High Stockings, Thigh-High Stockings, Waist-High Stockings
3) By Compression Bandages: Cohesive Bandages, Elastic Bandages
4) By Compression Tapes: Rigid Tapes, Elastic Tapes
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Which Emerging Trends Are Reshaping The Compression Therapy Market Size?
Leading firms in the compression therapy market are inventing ground-breaking products like wearable compression systems to attract a larger customer segment, augment sales and boost revenues. Wearable compression systems are medical gadgets that provide sustained or alternate compression therapy to particular body parts, particularly the limbs. For example, Koya Medical Inc., a reputable medical technology firm in the US, unveiled the Dayspring active compression system in April 2022. The system is specially designed to cater to lymphedema and venous diseases in the lower limbs. According to Koya, the Dayspring system stands as the first-ever FDA-endorsed non-pneumatic active dynamic compression solution. This system includes a comfortable, breathable mesh attire that incorporates the company's unique Flexframe technology to provide measured and customized compression, while still allowing for natural movement. It also entails a smart, rechargeable controller with Bluetooth functionality, which is supported by accompanying software that customizes treatments and evaluates treatment history.
Who Are the Key Players in the Compression Therapy Market?
Major companies operating in the compression therapy market include:
• 3M Company
• ArjoHuntleigh AB
• Bio Compression Systems Inc.
• BSN Medical GmbH
• Cardinal Health Inc.
• ConvaTec Inc.
• DJ Orthopedics Global Inc.
• Julius Zorn GmbH
• medi GmbH & Co KG
• Medtronic plc
• Paul Hartmann AG
• Sanyleg Srl
• Sigvaris Management AG
• Smith & Nephew plc
• Tactile Systems Technology Inc.
• Thuasne SA
• Bauerfeind AG
• Essity AB
• Kinetec SAS
• Lympha Press International Inc.
• Medi USA
• Optima Molliter Srl
What are the Regional Insights into the Compression Therapy Market?
North America was the largest region in the compression therapy market in 2024. Europe was the second-largest market in the compression therapy market. The regions covered in the compression therapy market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
