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Compression Therapy Market - Global Industry, Analysis, Size, Share, Growth, Trends, and Forecasts 2023-2030

Compression therapy has long been a mainstay of treatment for vascular management and treatment of wounds arising from venous insufficiency. Benefits of compression therapy include edema management and improved venous return. However, many patients cannot tolerate the stockings and compression bandages that are commonly used. External pneumatic pressure therapy or intermittent compression therapy can yield similar effects to compression bandages and stockings. Intermittent compression therapy uses an air pump to inflate and deflate an airtight bag wrapped around the limb, causing intermittent compression of the limb. Intermittent compression therapy can cause a collapse of the superficial venous system, forcing blood into the deep venous system with an increase in subcutaneous pressure. This can prevent blood, fibrin, and protein from leaking out of the skin capillaries.

Compression therapy remains the standard of care for most varicose veins and, if employed early enough in life, may prevent or delay the onset of symptoms. Compression hose can be used as monotherapy or in conjunction with other therapies. They can be ordered as socks, knee highs, thigh highs, or full pantyhose. Compressive therapy is a conservative and inexpensive approach, but many patients find it difficult to put on and wear regularly due to discomfort. They are effective at relieving swelling and pain symptoms but have minimal cosmetic benefit as monotherapy once the varicosities have minimal cosmetic benefit as monotherapy once the varicosities have formed. Compression therapy and surgery have been the cornerstone of CVI treatment for years, and they are still useful. Different organizations and companies continually working on compression therapy.

Global Compression Therapy Market – Competitive Landscape

On October 11, 2023, MediWound announced a collaboration with 3M on the EscharEx® phase III study. On March 7, 2023, Aspen Medical Products partnered with NICE recovery systems to launch an integrated bracing and cold compression solution. On September 20, 2022, Therabody solidified category leadership with a USD 165 million growth equity round and the launch of eight new innovative products. On March 15, 2022, Restore Hyper Wellness partners with Tim and Demi-Leigh Tebow to inspire A Hyper Wellness® lifestyle.

Some of the Key Players in the Global Compression Therapy Market Include –

  • Medi GmbH & Co.
  • Paul Hartmann AG
  • Julius Zorn GmbH
  • ArjiHuntleigh
  • Sigvaris
  • Cardinal Health
  • Stryker
  • 3M Healthcare
  • Bio Compression System Inc.

Global Compression Therapy Market – Growth Drivers

The rising incidence of venous diseases, such as deep vein thrombosis and chronic venous insufficiency, is a significant driver, fueling the demand for compression therapy as a primary treatment and preventive measure. According to the National Center for Biotechnology Information (NCBI), the prevalence of VV was 7%; for CVI, the prevalence was 0.86% with 0.48% of ulcers. Incidence was 0.22% for VV and 0.18% for CVI. The global increase in the aging population contributes to the growth of the compression therapy market, as older individuals are more susceptible to venous disorders, creating a sustained need for effective therapeutic solutions. Lifestyle factors, including sedentary habits and obesity, contribute to the prevalence of venous disorders, driving the adoption of compression therapy as a non-invasive and effective method to manage these conditions. Continuous innovation in compression therapy products, such as the development of advanced materials, improved garment designs, and wearables technologies, enhances patient comfort and treatment outcomes, driving market growth. Increasing awareness among patients about the benefits of compression therapy for venous conditions promotes proactive healthcare-seeking behavior, driving the demand for these products. The utilization of compression therapy in wound management, particularly for venous leg ulcers, contributes to market growth of compression therapy, as healthcare professionals recognize its efficacy in promoting healing. The trend toward home-based healthcare services provides growth opportunities, with patients seeking convenient solutions for managing venous disorders through the use of compression therapy in a home setting.

Global Compression Therapy Market – Restraints

One major restraint is the challenge of ensuring consistent patient compliance with compression therapy regimens, as some individuals may find it uncomfortable or inconvenient, impacting treatment efficacy. The cost associated with technologically advanced compression therapy products can be a significant barrier, limiting adoption, especially in regions with constrained healthcare budgets or among patients without adequate insurance coverage. According to the National Center for Biotechnology Information (NCBI), the total cost of early intervention was USD 12,527. Insufficient awareness and education among healthcare professionals about the benefits and appropriate application of compression therapy may hinder its widespread prescription and usage. The availability of alternative treatment options, such as surgical interventions or pharmaceutical solutions, poses a restraint to the growth of the compression therapy market, as patients and healthcare providers for alternative approaches. The lack of standardized protocols for compression therapy application and varying guidelines across regions can create confusion and hinder uniform adoption, impacting the overall effectiveness of treatment. Certain contraindications and potential side effects associated with compression therapy, such as skin irritation or discomfort, may limit its suitability for certain patient populations, affecting market acceptance. Limited access to healthcare facilities and awareness in developing regions can impede the widespread adoption of compression therapy, creating disparities in healthcare delivery. Disruptions caused by the COVID-19 pandemic, including supply chain challenges, reduced healthcare facility visits, and financial constraints, have impacted the compression therapy market, creating short-term restraints on the market growth of compression therapy.

Global Compression Therapy Market – Opportunities

With the global aging population on the rise, there is a substantial opportunity for market growth as the elderly are more prone to venous disorders, creating a sustained demand for compression therapy products. The increasing prevalence of chronic diseases, such as diabetes and obesity, presents a significant opportunity for the expansion of the compression therapy market, given its role in managing associated conditions. The globalization of healthcare services and growing accessibility to advanced medical treatments in developing regions provide new markets for compression therapy products. The proliferation of e-commerce platforms facilitates easier access to compression therapy products, presenting a notable opportunity for market expansion, especially in regions with limited physical access to medical facilities. Opportunities lie in increasing awareness through educational campaigns about venous diseases and the benefits of compression therapy, fostering a proactive approach towards healthcare.

Global Compression Therapy Market – Geographical Insight

The market for global compression therapy is segmented into regions such as North America, Latin America, Europe, Asia-Pacific, the Middle East & Africa. North America is the largest market for compression therapy due to the increasing prevalence of venous diseases and a growing aging population. Europe holds a substantial market share, attributed to rising awareness about the benefits of compression therapy and advancements in healthcare infrastructure. The Asia-Pacific region is witnessing significant growth, fueled by a rising number of patients with chronic venous disorders and an increasing focus on healthcare infrastructure development.

Global Compression Therapy Market – Key Development

  • FeelTect received the top prize at the European Wound Management Association Innovation Forum for tight-connected health solutions.
  • On April 4, 2023, AIROS Medical received FDA clearance to market a new peristaltic compression device, truncal garments for lymphedema treatments.
  • On November 8, 2021, Therabody introduced recovery air compression therapy to their growing tech wellness.
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Research Methodology: Aspects

Market research is a crucial tool for organizations aiming to navigate the dynamic landscape of customer preferences, business trends, and competitive landscapes. At Cognizance Market Research, acknowledging the importance of robust research methodologies is vital to delivering actionable insights to our clientele. The significance of such methodologies lies in their capability to offer clarity in complexity, guiding strategic management with realistic evidence rather than speculation. Our clientele seek insights that excel superficial observations, reaching deep into the details of consumer behaviours, market dynamics, and evolving opportunities. These insights serve as the basis upon which businesses craft tailored approaches, optimize product offerings, and gain a competitive edge in an ever-growing marketplace.

The frequency of information updates is a cornerstone of our commitment to providing timely, relevant, and accurate insights. Cognizance Market Research adheres to a rigorous schedule of data collection, analysis, and distribution to ensure that our reports reflect the most current market realities. This proactive approach enables our clients to stay ahead of the curve, capitalize on emerging trends, and mitigate risks associated with outdated information.

Our research process is characterized by meticulous attention to detail and methodological rigor. It begins with a comprehensive understanding of client objectives, industry dynamics, and research scope. Leveraging a combination of primary and secondary research methodologies, we gather data from diverse sources including surveys, interviews, industry reports, and proprietary databases. Rigorous data analysis techniques are then employed to derive meaningful insights, identify patterns, and uncover actionable recommendations. Throughout the process, we remain vigilant in upholding the highest standards of data integrity, ensuring that our findings are robust, reliable, and actionable.

Key phases involved in in our research process are mentioned below:


Understanding Clients’ Objectives:

Extensive Discussions and Consultations:

  • We initiate in-depth discussions and consultations with our clients to gain a comprehensive understanding of their objectives. This involves actively listening to their needs, concerns, and aspirations regarding the research project.
  • Through these interactions, we aim to uncover the underlying motivations driving their research requirements and the specific outcomes they hope to achieve.

Industry and Market Segment Analysis:

  • We invest time and effort in comprehensively understanding our clients’ industry and market segment. This involves conducting thorough research into market trends, competitive dynamics, regulatory frameworks, and emerging opportunities or threats.
  • By acquiring a deep understanding of the broader industry landscape, we can provide context-rich insights that resonate with our clients’ strategic objectives.

Target Audience Understanding:

  • We analyze our clients’ target audience demographics, behaviors, preferences, and needs to align our research efforts with their consumer-centric objectives. This entails segmenting the audience based on various criteria such as age, gender, income level, geographic location, and psychographic factors.
  • By understanding the nuances of the target audience, we can tailor our research methodologies to gather relevant data that illuminates consumer perceptions, attitudes, and purchase intent.


Identifying Challenges and Opportunities:

  • We proactively identify the challenges and opportunities facing our clients within their respective industries. This involves conducting SWOT (Strengths, Weaknesses, Opportunities, Threats) analyses and competitive benchmarking exercises.
  • By identifying potential obstacles and growth drivers, we can provide strategic recommendations that help our clients navigate complexities and capitalize on emerging opportunities effectively.

Grasping Specific Goals:

  • We delve into the intricacies of our clients’ objectives to gain clarity on the specific goals they aim to accomplish through the research. This entails understanding their desired outcomes, such as market expansion, product development, or competitive analysis.
  • By gaining a nuanced understanding of our clients’ goals, we can tailor our research approach to address their unique challenges and opportunities effectively.

Data Collection:


Primary Research Process:

  • Surveys: We design and administer surveys tailored to capture specific information relevant to our clients’ objectives. This may involve employing various survey methodologies, such as online, telephone, or face-to-face interviews, to reach target audiences effectively.
  • Interviews: We conduct structured or semi-structured interviews with key stakeholders, industry experts, or target consumers to gather in-depth insights and perspectives on relevant topics. These interviews allow us to probe deeper into specific issues and uncover valuable qualitative data.
  • Focus Groups: We organize focus group discussions with carefully selected participants to facilitate interactive discussions and gather collective opinions, attitudes, and preferences. This qualitative research method provides rich contextual insights into consumer behaviors and perceptions.
  • Observations: We conduct observational research by directly observing consumer behaviors, interactions, and experiences in real-world settings. This method enables us to gather objective data on consumer actions and reactions without relying on self-reported information.

Secondary Research Process:

  • Literature Review: We conduct comprehensive literature reviews to identify existing studies, academic articles, and industry reports relevant to the research topic. This helps us gain insights into previous research findings, theoretical frameworks, and best practices.
  • Industry Reports: We analyze industry reports published by reputable trade associations (whitepapers, research studies, etc.), and government agencies (U.S. Census Bureau, Bureau of Labor Statistics, and Securities and Exchange Commission etc.) to obtain macro-level insights into market trends, competitive landscapes, and industry dynamics.
  • Government Publications: We review government publications, such as economic reports, regulatory documents, and statistical databases, to gather relevant data on demographics, market size, consumer spending patterns, and regulatory frameworks.
  • Online Databases: We leverage online databases, such as industry portals, and academic repositories (PubMed Central (PMC), ScienceDirect, SSRN (Social Science Research Network), Directory of Open Access Journals (DOAJ), NCBI, etc.), to access a wide range of secondary data sources, including market statistics, financial data, and industry analyses.



Data Analysis:

The data analysis phase serves as a critical juncture where raw data is transformed into actionable insights that inform strategic decision-making. Through the utilization of analytical methods such as statistical analysis and qualitative techniques like thematic coding, we uncover patterns, correlations, and trends within the data. By ensuring the integrity and validity of our findings, we strive to provide clients with accurate and reliable insights that accurately reflect the realities of the market landscape.


Transformation of Raw Data:

  • Upon collecting the necessary data, we transition into the data analysis phase, where raw data is processed and transformed into actionable insights. This involves organizing, cleaning, and structuring the data to prepare it for analysis.

Utilization of Analytical Methods:

  • Depending on the research objectives, we employ a diverse range of analytical methods to extract meaningful insights from the data. These methods include statistical analysis, trend analysis, regression analysis, and qualitative coding.

Statistical Analysis:

  • Statistical tools are instrumental in uncovering patterns, correlations, and trends within the data. By applying statistical techniques such as descriptive statistics, hypothesis testing, and multivariate analysis, we can discern relationships and derive valuable insights.

Qualitative Analysis Techniques:

  • In addition to quantitative analysis, we leverage qualitative analysis techniques to gain deeper insights from qualitative data sources such as interviews or open-ended survey responses. One such technique is thematic coding, which involves systematically categorizing and interpreting themes or patterns within qualitative data.

Integrity and Validity Maintenance:

  • Throughout the analysis process, we maintain a steadfast commitment to upholding the integrity and validity of our findings. This entails rigorous adherence to established methodologies, transparency in data handling, and thorough validation of analytical outcomes.

Data Validation:

The final phase of our research methodology is data validation, which is essential for ensuring the reliability and credibility of our findings. Validation involves scrutinizing the collected data to identify any inconsistencies, errors, or biases that may have crept in during the research process. We employ various validation techniques, including cross-referencing data from multiple sources, conducting validity checks on survey instruments, and seeking feedback from independent experts or peer reviewers. Additionally, we leverage internal quality assurance protocols to verify the accuracy and integrity of our analysis. By subjecting our findings to rigorous validation procedures, we instill confidence in our clients that the insights they receive are robust, reliable, and trustworthy.


Importance of Data Validation:

  • Data validation is the final phase of the research methodology, crucial for ensuring the reliability and credibility of the findings. It involves a systematic process of reviewing and verifying the collected data to detect any inconsistencies, errors, or biases.

Scrutiny of Collected Data:

  • The validation process begins with a thorough scrutiny of the collected data to identify any discrepancies or anomalies. This entails comparing data points, checking for outliers, and verifying the accuracy of data entries against the original sources.

Validation Techniques:

  • Various validation techniques are employed to ensure the accuracy and integrity of the data. These include cross-referencing data from multiple sources to corroborate findings, conducting validity checks on survey instruments to assess the reliability of responses, and seeking feedback from independent experts or peer reviewers to validate the interpretation of results.

Internal Quality Assurance Protocols:

  • In addition to external validation measures, internal quality assurance protocols are implemented to further validate the accuracy of the analysis. This may involve conducting internal audits, peer reviews, or data validation checks to ensure that the research process adheres to established standards and guidelines.
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