Compression Therapy Market to be Dominated by Compression Bandages Through 2028
Rising incidence of Orthopedic Procedures is driving the
growth of the market in the forecast period 2024-2028.
According to the TechSci
Research report, “Compression Therapy Market - Global Industry
Size, Share, Trends, Opportunity, and Forecast, 2018-2028”, Global Compression
Therapy market is projected to increase at an
impressive rate in the forecast period 2024-2028. In compression therapy,
lower limbs are subjected to regulated pressure to improve lymphatic and venous
system functions and blood flow. It is both the most well-known and crucial
method of treating venous and lymphatic disorders. Compression therapy
market growth is anticipated to be primarily driven by factors including the
rising prevalence of vein disorders like venous leg ulcers, lymphedema, deep
vein thrombosis, etc., the growing geriatric population, and the rising
adoption of pressure therapies for treating these vein disorders. Additionally,
increasing healthcare expenditure in developed and emerging economies has led
to improved access to healthcare services, including compression therapy.
Moreover, the expanding healthcare infrastructure and reimbursement coverage
for compression therapy in many countries are supporting the growth of the global
compression therapy market.
However, there are a
number of challenges that could limit the expansion of the global market for Compression
Therapy, including the lack of awareness, compliance and adherence issues, size
and fit challenges, cost and reimbursement limitations, among others. Many
patients, healthcare providers, and caregivers may have limited awareness or
understanding of compression therapy and its benefits. Lack of education about
the appropriate use, application, and benefits of compression therapy can
result in underutilization or improper utilization of compression products,
leading to suboptimal outcomes. Additionally, adherence to prescribed
compression therapy regimens can be challenging for some patients. Compression
garments or devices may be uncomfortable, difficult to put on or take off, or
cause skin irritation.
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The Compression
Therapy market is segmented based on Product, Portability, Method, Application,
and End-Use.
Based on product, the market is categorized
into Compression Bandages, Compression Wraps, Compression Stockings (Class I,
Class II, Class III), Compression Tapes, Compression Pumps, Compression Braces,
and Others. Compression Bandages segment is dominating the growth of the market
throughout the forecast period. The factors responsible for the growth of the
market are high adoption in the lower limb lymphatic and venous diseases treatment
as well as edema. Bandages are believed to have advantages including high-tension
sustainability and high-cost efficiency, extensibility, and flexibility that
account for their widespread use in a variety of venous disorders which, in
turn, increases the adoption and drive the growth of the market.
Based on technique, the market is divided into Static
Compression Therapy and Dynamic Compression Therapy. The Static Compression category
dominated the market for advanced wound care in 2021, accounting for highest
revenue share. Benefits of static compression are thought to influence
physicians and patients alike, accounting for a leading share of the market.
Furthermore, static compression therapy is easily available in treating edema
and sports-related injuries to enable pain and pressure relief which, in turn,
drives the growth of the market.
Based on application, the market is categorized
into Varicose Vein Treatment, Deep Vein Thrombosis Therapy, Lymphedema
Treatment, Leg Ulcer Treatment, and Others. Varicose Vein Treatment segments
lead the growth of the market throughout the forecast period. As compression
therapy is the first line of treatment in various vein illness, age-related
degeneration and obesity are estimated to support the growth of the segment. Based
on distribution channel, the market is divided into Pharmacies & Retails,
Hospitals & Clinics, E-commers Platform, and Home Care Settings. In 2021,
the Pharmacies & Retails segment revenue share was highest.
Major
companies operating in the Compression Therapy market are:
- Cardinal Health
- Julius Zorn GmbH
- Hartmann AG
- Medi GmbH & Co.
- SIGVARIS
- BSN Medical GmbH
- Arjo Huntleigh
- 3M Health Care
- Spectrum Healthcare
- Bio Compression Systems, Inc.
- Stryker
- Gottfried Medical.
Recent Development
The revised
compression therapy solutions from AIROS Medical Inc. were released in July
2020. For the first time in three years, the company's new AIROS 6 Sequential
Compression Therapy gadget and Arm Plus clothing have received FDA approval.
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North
America is expected to dominate in the global compression therapy market during
the forecast period on account of the growing aging population, increasing
prevalence of chronic diseases, and high awareness among healthcare providers
and patients about the benefits of compression therapy. Additionally, in North
America, there is a strong focus on evidence-based practice and guidelines,
with standardized protocols for the appropriate use of compression therapy in
different conditions. The market is characterized by the presence of
established players offering a wide range of compression products, including
compression stockings, bandages, sleeves, and other devices. said Mr. Karan
Chechi, Research Director with TechSci Research, a research-based global
management consulting firm.
“Compression Therapy Market-
Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028F”, Segmented By Product {Compression Bandages,
Compression Wraps, Compression Stockings (Class I, Class II, Class III),
Compression Tapes, Compression Pumps, Compression Braces, Others}, By Technique
(Static Compression Therapy, Dynamic Compression Therapy), By Application
(Varicose Vein Treatment, Deep Vein Thrombosis Therapy, Lymphedema Treatment,
Leg Ulcer Treatment, Others), By Distribution Channel (Pharmacies &
Retails, Hospitals & Clinics, E-commers Platform, Home Care Settings), By
Company and By Region,
has evaluated the future growth potential of Compression Therapy market and
provides statistics & information on market size, structure, and future
market growth. The report intends to provide cutting-edge market intelligence
and help decision-makers take sound investment decisions. Besides, the report
also identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in the Compression Therapy market.”
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