Compression Therapy Market Top Trends 2021 | Cardinal Health, 3M, BSN Medical, ConvaTec, Medi Gmbh & Co. KG

Compression Therapy Market report offers in-depth analysis of the industry size, share, major segments, and different geographic regions, forecast for the next five years, key market players, and premium industry trends. It also focuses on the key drivers, restraints, opportunities and industry challenges.

With the growing significance of alternative treatment procedures and increasing awareness campaigns regarding their use, demand for compression therapy equipment and solutions has dramatically escalated, allowing the global compression therapy market size to surpass the valuation of USD 3.1 billion by 2027. Citing an instance regarding such campaigns, Sigvaris Group, a renowned provider of medical compression devices participated in Women’s Health Network in an educational video related to edema during pregnancy and free patient-education brochures on the usage of compression therapy. The program was focused on educating women with swollen legs and ankles during pregnancy regarding the benefits of compression therapy garments that help in reducing these risks while relieving discomfort.

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Another important growth rendering factor for the industry is large number of unaddressed patients suffering from chronic venous injuries and insufficiency across several emerging economies due to inadequate healthcare facilities.

Top Industry Players

3M Company,
BSN Medical,
Cardinal Health, Inc.,
Convatec Inc.,
DJO Global, Inc.,
Medi Gmbh & Co. KG,
Paul Hartmann AG,
Sigvaris, and
Tactile Medical
An overview of some of the prominent segments that are likely to transform compression therapy market outlook has been outlined as under:

In terms of product, compression pumps are amassing immense popularity across compression therapy market. This can be credited to increased usage of compression pumps as substitute for failed conservative measures. As compression pumps help in minimizing inpatient hospitalization and outpatient hospital visits along with the reduction in overall per patient cost related to lymphedema, they are anticipated to foresee an accelerating demand in future. For the records, the compression pumps segment has secured a significant market share in 2020 by recording a valuation of over USD 356 million.

Based on technology bifurcation, the static compression therapy segment is estimated to register an appreciable CAGR of 4.4% through 2027. This can be attributed to the massive application of static compression therapy equipment in the treatment of venous conditions including varicose veins, venous leg ulcers, lymphatic disorders as well as deep vein thrombosis. Moreover, static compression therapy products offer great level of comfort to the patients which has fostered their adoption further.

Based on application bifurcation, lymphedema segment is projected to witness a significant CAGR of 4.7% through 2027 owing to heightened product demand driven by increasing prevalence of lymphedema across the globe. According to an article published in 2018, nearly 250 million patients around the world are suffering from lymphedema. In addition, higher prevalence of breast cancer coupled with lymphedema is fueling the product demand.

Compression Therapy Market, By Technology
• Static Compression Therapy
• Dynamic Compression Therapy

Compression Therapy Market, By Application
• Varicose Vein Treatment
• Deep Vein Thrombosis Treatment
• Lymphedema Treatment
• Leg Ulcer Treatment
• Others

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In terms of regional outlook, Brazil had dominated the Latin America compression therapy industry by registering a valuation of around USD 56 million in 2020 and is currently expected to grow over time. This is majorly due to increasing adoption of compression therapy devices owing to rising incidences of venous diseases in the country. Other important factors which are complementing the business growth in the country are increasing awareness campaigns by the government regarding alternative therapies and rising training and development programs regarding compression therapy.

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