compression therapy Market worth USD 6.8 billion by 2031 - BSN medical (US), medi GmbH, Tactile Medical , SIGVARIS , Paul Hartmann

The global compression therapy market size was valued at USD 3.0 billion in 2021 and it is anticipated to grow at a CAGR of 8.4% during the forecast period to reach up to USD 6.8 billion by 2031.

Global compression therapy report from Global Insight Services is the single authoritative source of intelligence on compression therapy market. The report will provide you with analysis of impact of latest market disruptions such as Russia-Ukraine war and Covid-19 on the market. Report provides qualitative analysis of the market using various frameworks such as Porters' and PESTLE analysis. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.

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Compression therapy uses controlled pressure on the lower extremities to increase blood flow and efficiency of the lymphatic and venous system. It is the most established and the most important method of treatment for venous and lymphatic diseases. According to an article published by the National Center for Biotechnology Information (NCBI) in 2018, lymphedema is a pandemic and affects approximately 250 million patients across the globe.

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Major Players in Compression Therapy Market
The key players in the global compression therapy market are DJO Global, Inc. (US), BSN medical (US), medi GmbH & Co. KG (Germany), Tactile Medical (US), SIGVARIS (Switzerland), Paul Hartmann AG (Germany), Sanyleg S.r.l. (Italy), 3M (US), ConvaTec Inc. (US), ArjoHuntleigh (Sweden), Julius Zorn GmbH (Germany), Bio Compression Systems, Inc. (US), Cardinal Health, Inc. (US), and Smith & Nephew plc (UK).

Global Compression Therapy Market Segmentation
The report analyses the global compression therapy market based on product, technique, application, distribution channel, and region.

Global Compression Therapy Market by Product
Based on the product, it is segmented into compression garments, compression braces, and compression pumps. The compression garments segment is anticipated to dominate the market during the forecast period. The factors such as the use of compression garments in a wide range of indications, like varicose veins, edema, DVT, and lymphedema, as well as in the management of several chronic conditions are propelling the growth of the market.

Global Compression Therapy Market by Technique
Based on technique, it is segmented into static compression therapy and dynamic compression therapy. Static compression therapy is likely to dominate the market during the forecast period. The key factors such as the presence of a large target population coupled with increasing incidences of sports injuries and accidents are boosting the growth of the market.

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