The global compression therapy market is expected to grow at a moderate rate during the forecast period. An increasing number of orthopedic procedures boosting the growth of the global Compression therapy market. An increasing number of knee and other orthopedic surgeries, which has increased dramatically across nearly all age groups under 65 leads to expand the growth of the market.
Moreover, Sports medicine is in high demand due to rising rates of sports injuries and people's growing participation in sports and fitness-related activities. Hence, the increasing application of compression garments in sports medicine is further driving the expansion of this market globally.
On the other hand, owing to stringent governmental regulations, few standards for compression therapy devices act as a barrier for market growth. However, the government is approving few standards for compression therapy products as the number of vein related diseases is surging.
Covid-19 Impact on Compression Therapy Market:
In addition, the current Compression Therapy Market study offers a detailed analysis of the current COVID-19 pandemic impact on the market growth and its influence on the future growth of the Compression therapy Market. The recently published report demonstrates the elevation in the demand for the healthcare sector. The healthcare manufacturers have experienced long term as well as short term effect which includes supply shortages, panic buying and stocking, regulation changes as short-term whereas approval delays and possible trend variations in consumption could be perceived as long-term impacts of COVID-19 on the health and pharmaceutical market.
The increasing need for a cure has pushed vaccine research and manufacturers to the limit. In addition to this, panic conditions have already spurred the demand for many healthcare products and services which are discussed in detail in this report. Moreover, the impact of COVID-19 on overall market revenue for the base year 2020 and its projection up to 2027 is provided in detail in this report.
Compression therapy Market Segment Overview
According to Technique, the market is segmented into Static Compression Therapy and Dynamic Compression Therapy. Among these Static Compression Therapy holds the largest share of the market mainly because of its great convenience and user-friendly features. This segment's large market share can be attributed to the goods' improved accessibility in treating edema and sports-related injuries for pain and pressure alleviation.
Based on products the market is segmented into Compression Garments, Compression Braces, and Compression Pumps. Of these, the Compression Garments segment generated the highest revenue. The high revenue is attributed due to the growing popularity of Compression Garments among athletes. Moreover, compression garments are proved to be effective for the treatment of Lymphedema which helps with blood flow.
Based on application, the market is primarily split into Deep Vein Thrombosis Treatment, Leg Ulcer Treatment, Lymphedema Treatment, Varicose Vein Treatment, and Other Applications. Of these Deep Vein Thrombosis Treatment segment generated the highest revenue by application in the global compression therapy market owing to the high prevalence of varicose vein conditions across the globe.
Based on the Distribution Channel, the Compression Therapy market is primarily split into Pharmacies & Retailers, Hospitals & Clinics, and E-Commerce Platforms. Of these Pharmacies & Retailers segment generated the highest revenue by distribution channel in the global compression therapy market due to their popularity.
Market Analysis, Insights and Forecast – By Technique
· Static Compression Therapy
· Dynamic Compression Therapy
Market Analysis, Insights and Forecast – By Product
· Compression Garments
· Compression Braces
· Compression Pumps
Market Analysis, Insights and Forecast – By Application
· Deep Vein Thrombosis Treatment
· Leg Ulcer Treatment
· Lymphedema Treatment
· Varicose Vein Treatment
· Other Applications
Market Analysis, Insights, and Forecast – By Distribution Channel
· Pharmacies & Retailers
· Hospitals & Clinics
· E-Commerce Platforms
Compression Therapy Market Regional Overview
Region-wise, North America dominated the global Compression Therapy market and is expected to continue its dominance during the forecast period. North America compression therapy market is expected to grow steadily in the coming years. Key players in North America use compression therapy are making more technological advancements for the same. The use of compression therapy is also expected to be growing for individuals with vein related diseases. The United States held the largest share of in the North American compression therapy market in 2020 owing to the burden of chronic target diseases in the United States, which is driving the clinical urgency to use compression products.
Similarly, Asia Pacific is also expected to account for the fastest growth in the global market owing to the increasing demand and progressing trend for many end-use applications. Furthermore, increasing demand compression garments is majorly driving the market expansion.
Compression Therapy Market, By Geography
· North America (US & Canada)
· Europe (UK, Germany, France, Italy, Spain, & Rest of Europe)
· Asia-Pacific (Japan, China, India, Australia, & South Korea, & Rest of Asia-Pacific)
· LAMEA (Brazil, Saudi Arabia, UAE & Rest of LAMEA)
Compression therapy Market Competitor overview
Some key developments and strategies adopted by manufacturers in Compression therapy are highlighted below.
· In April 2021, DJO, a subsidiary of Colfax Corporation (NYSE: CFX) acquired MedShape, Inc., a privately held orthopedic medical device company founded in 2005. MedShape® provides innovative surgical solutions for foot and ankle surgeons using its patented superelastic nickel titanium (NiTiNOL) shape memory alloy and shape memory polymer technologies.
Compression therapy Market, Key Players
· 3M Company
· Paul Hartmann AG
· BSN Medical
· Medi Gmbh & Co. KG
· Cardinal Health, Inc
· Convatech, Inc
· BIO Compression Systems, Inc
· Julius Zorn GmbH
· Smith & Nephew Plc.
· Medtronic PLC
1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
4. Key Insights
- 4.1. Key Emerging Trends – For Major Countries
- 4.2. Latest Technological Advancement
- 4.3. Regulatory Landscape
- 4.4. Industry SWOT Analysis
- 4.5. Porters Five Forces Analysis
5. Global Compression Therapy Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 5.1. Key Findings / Summary
- 5.2. Market Analysis, Insights and Forecast – By Technique
- 5.2.1. Static Compression Therapy
- 5.2.2. Dynamic Compression Therapy
- 5.3. Market Analysis, Insights and Forecast – By Product
- 5.3.1. Compression Garments
- 5.3.2. Compression Braces
- 5.3.3. Compression Pumps
- 5.4. Market Analysis, Insights and Forecast – By Application
- 5.4.1. Deep Vein Thrombosis Treatment
- 5.4.2. Leg Ulcer Treatment
- 5.4.3. Lymphedema Treatment
- 5.4.4. Varicose Vein Treatment
- 5.4.5. Other Applications
- 5.5. Market Analysis, Insights and Forecast – By End-user
- 5.5.1. Pharmacies & Retailers
- 5.5.2. Hospitals & Clinics
- 5.5.3. E-Commerce Platforms
- 5.6. Market Analysis, Insights and Forecast – By Region
- 5.6.1. North America
- 5.6.2. Europe
- 5.6.3. Asia Pacific
- 5.6.4. Latin America, Middle East, and Africa
6. North America Compression Therapy Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 6.1. Key Findings / Summary
- 6.2. Market Analysis, Insights and Forecast – By Technique
- 6.2.1. Static Compression Therapy
- 6.2.2. Dynamic Compression Therapy
- 6.3. Market Analysis, Insights and Forecast – By Product
- 6.3.1. Compression Garments
- 6.3.2. Compression Braces
- 6.3.3. Compression Pumps
- 6.4. Market Analysis, Insights and Forecast – By Application
- 6.4.1. Deep Vein Thrombosis Treatment
- 6.4.2. Leg Ulcer Treatment
- 6.4.3. Lymphedema Treatment
- 6.4.4. Varicose Vein Treatment
- 6.4.5. Other Applications
- 6.5. Market Analysis, Insights and Forecast – By End-user
- 6.5.1. Pharmacies & Retailers
- 6.5.2. Hospitals & Clinics
- 6.5.3. E-Commerce Platforms
- 6.6. Market Analysis, Insights and Forecast – By Country
- 6.6.1. U.S.
- 6.6.2. Canada
7. Europe Compression therapy Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 7.1. Key Findings / Summary
- 7.2. Market Analysis, Insights and Forecast – By Technique
- 7.2.1. Static Compression Therapy
- 7.2.2. Dynamic Compression Therapy
- 7.3. Market Analysis, Insights and Forecast – By Product
- 7.3.1. Compression Garments
- 7.3.2. Compression Braces
- 7.3.3. Compression Pumps
- 7.4. Market Analysis, Insights and Forecast – By Application
- 7.4.1. Deep Vein Thrombosis Treatment
- 7.4.2. Leg Ulcer Treatment
- 7.4.3. Lymphedema Treatment
- 7.4.4. Varicose Vein Treatment
- 7.4.5. Other Applications
- 7.5. Market Analysis, Insights and Forecast – By End-user
- 7.5.1. Pharmacies & Retailers
- 7.5.2. Hospitals & Clinics
- 7.5.3. E-Commerce Platforms
- 7.6. Market Analysis, Insights and Forecast – By Country
- 7.6.1. UK
- 7.6.2. Germany
- 7.6.3. France
- 7.6.4. Italy
- 7.6.5. Spain
- 7.6.6. Russia
- 7.6.7. Rest of Europe
8. Asia Pacific Compression therapy Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 8.1. Key Findings / Summary
- 8.2. Market Analysis, Insights and Forecast – By Technique
- 8.2.1. Static Compression Therapy
- 8.2.2. Dynamic Compression Therapy
- 8.3. Market Analysis, Insights and Forecast – By Product
- 8.3.1. Compression Garments
- 8.3.2. Compression Braces
- 8.3.3. Compression Pumps
- 8.4. Market Analysis, Insights and Forecast – By Application
- 8.4.1. Deep Vein Thrombosis Treatment
- 8.4.2. Leg Ulcer Treatment
- 8.4.3. Lymphedema Treatment
- 8.4.4. Varicose Vein Treatment
- 8.4.5. Other Applications
- 8.5. Market Analysis, Insights and Forecast – By End-user
- 8.5.1. Pharmacies & Retailers
- 8.5.2. Hospitals & Clinics
- 8.6. E-Commerce Platforms
- 8.7. Market Analysis, Insights and Forecast – By Country
- 8.7.1. China
- 8.7.2. India
- 8.7.3. Japan
- 8.7.4. Australia
- 8.7.5. South East Asia
- 8.7.6. Rest of Asia Pacific
9. Latin America, Middle East, and Africa Compression therapy Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 9.1. Key Findings / Summary
- 9.2. Market Analysis, Insights and Forecast – By Technique
- 9.2.1. Static Compression Therapy
- 9.2.2. Dynamic Compression Therapy
- 9.3. Market Analysis, Insights and Forecast – By Product
- 9.3.1. Compression Garments
- 9.3.2. Compression Braces
- 9.3.3. Compression Pumps
- 9.4. Market Analysis, Insights and Forecast – By Application
- 9.4.1. Deep Vein Thrombosis Treatment
- 9.4.2. Leg Ulcer Treatment
- 9.4.3. Lymphedema Treatment
- 9.4.4. Varicose Vein Treatment
- 9.4.5. Other Applications
- 9.5. Market Analysis, Insights and Forecast – By End-user
- 9.5.1. Pharmacies & Retailers
- 9.5.2. Hospitals & Clinics
- 9.5.3. E-Commerce Platforms
- 9.6. Market Analysis, Insights and Forecast – By Country
- 9.6.1. Brazil
- 9.6.2. Saudi Arabia
- 9.6.3. UAE
- 9.6.4. Rest of LAMEA
10. Competitive Analysis
- 10.1. Company Market Share Analysis, 2018
- 10.2. Key Industry Developments
- 10.3. Company Profile
- 10.4. 3M Company
- 10.4.1. Business Overview
- 10.4.2. Segment 1 & Service Offering
- 10.4.3. Overall Revenue
- 10.4.4. Geographic Presence
- 10.4.5. Recent Development
- 10.5. Paul Hartmann AG
- 10.6. BSN Medical
- 10.7. Medi Gmbh & Co. KG
- 10.8. Cardinal Health, Inc
- 10.9. Convatech, Inc
- 10.10. BIO Compression Systems, Inc
- 10.11. Julius Zorn GmbH
- 10.12. Smith & Nephew Plc.
Data Library Research are conducted by industry experts who offer insight on industry structure, market segmentations technology assessment and competitive landscape (CL), and penetration, as well as on emerging trends. Their analysis is based on primary interviews (~ 80%) and secondary research (~ 20%) as well as years of professional expertise in their respective industries. Adding to this, by analysing historical trends and current market positions, our analysts predict where the market will be headed for the next five years. Furthermore, the varying trends of segment & categories geographically presented are also studied and the estimated based on the primary & secondary research.
In this particular report from the supply side Data Library Research has conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and SOFT) of the companies that active & prominent as well as the midsized organization
FIGURE 1: DLR RESEARH PROCESS
Extensive primary research was conducted to gain a deeper insight of the market and industry performance. The analysis is based on both primary and secondary research as well as years of professional expertise in the respective industries.
In addition to analysing current and historical trends, our analysts predict where the market is headed over the next five years.
It varies by segment for these categories geographically presented in the list of market tables. Speaking about this particular report we have conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and many more) of the major players active in the market.
Secondary ResearchSecondary research was mainly used to collect and identify information useful for the extensive, technical, market-oriented, and Friend’s study of the Global Extra Neutral Alcohol. It was also used to obtain key information about major players, market classification and segmentation according to the industry trends, geographical markets, and developments related to the market and technology perspectives. For this study, analysts have gathered information from various credible sources, such as annual reports, sec filings, journals, white papers, SOFT presentations, and company web sites.
Market Size EstimationBoth, top-down and bottom-up approaches were used to estimate and validate the size of the Global market and to estimate the size of various other dependent submarkets in the overall Extra Neutral Alcohol. The key players in the market were identified through secondary research and their market contributions in the respective geographies were determined through primary and secondary research.
Forecast Model
