Compression therapy market to grow by USD 1.24 billion from 2022 to 2027 | Growth driven by increasing prevalence of chronic venous diseases and lymphedema - Technavio

NEW YORK, Aug. 17, 2023 /PRNewswire/ -- The compression therapy market size is set to grow by USD 1,240.07 million from 2022 to 2027. However, the growth momentum will progress at a CAGR of 5.85% during the forecast period, according to Technavio. The compression therapy market is fragmented, and the vendors are seeking strong partnerships with automotive, industrial, and commercial companies to compete in the market.  3M Co., Bio Compression Systems, Bosl Medizintechnik GmbH, Cardinal Health Inc., ConvaTec Group Plc, DJO Global Inc., INNOTHERA, Julius Zorn GmBH, medi GmbH and Co. KG, Medline Industries LP, Medtronic Plc, Mego Afek A.C. Ltd, Paul Hartmann AG, Sanyleg S.r.l., SIGVARIS AG, Smith and Nephew plc, Spectrum Healthcare, Stryker Corp., Tactile Systems Technology Inc., and THUASNE are some of the major market participants - To know about the vendor offerings - Request a sample report

Compression Therapy Market 2023-2027: Scope

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The compression therapy market report covers the following areas:

• Compression Therapy Market Size
• Compression Therapy Market Trends
• Compression Therapy Market Industry Analysis
• Porter's Five Forces Analysis
• Customer Landscape

The compression therapy market is fragmented, and the degree of fragmentation will accelerate. The increasing prevalence of chronic venous diseases and lymphedema will offer immense growth opportunities. However, the limited reimbursement coverage for compression therapy will hamper the market growth.

Compression Therapy Market 2023-2027: Drivers & Challenges

The increasing prevalence of chronic venous diseases and lymphedema drives the compression therapy market. There is a huge population of the world impacted by chronic venous illnesses. This includes ailments such as varicose veins and venous ulcers. These conditions of lymphedema and chronic venous disorders can be cured using compression therapy which is significantly contributing to the market growth. Hence, such factors drive the growth of the compression therapy market during the forecast period.

Limited reimbursement coverage for compression therapy challenges the growth of the compression therapy market. Various healthcare systems impose restrictions or limitations while reimbursing the expenditures related to compression therapy, leading to an increasing cost burden on these patients who are preferring compression therapy. Furthermore, owing to insufficient payment coverage, compression therapy has become expensive and patients have less access to it. Hence, such challenges impede market growth during the forecast period.

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Compression Therapy Market 2023-2027: Segment Analysis

• Therapy Outlook
• Static
• Dynamic
• Technology 
• Compression Bandages
• Compression Stocking
• Compression Pumps
• Compression Tapes
• Geography 
• North America
• Europe
• Asia
• Rest Of World (ROW)

Compression Therapy Market 2023-2027: Segmentation Highlights

The static segment is significant growth during the forecast period. This method comprises employing compression clothing or bandages to apply consistent pressure to the injured area. Since it offers patients a non-invasive and affordable therapy option, this technology is frequently used in clinical and homecare settings. Hence, such factors drive segment growth during the forecast period.

The competitive scenario categorizes companies based on various performance indicators. Some of the factors considered include the financial performance of companies, growth strategies, product innovations, new product launches, investments, and growth in market share, among others Buy the Report

Compression Therapy Market 2023-2027: Key Highlights

• CAGR of the market during the forecast period 2023-2027
• Detailed information on factors that will assist compression therapy market growth during the next five years
• Estimation of the compression therapy market size and its contribution to the parent market
• Predictions on upcoming trends and changes in consumer behavior
• The growth of the compression therapy market across North America, Europe, Asia, and Rest of World (ROW)
• Analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of compression therapy market vendors

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Table of Contents

1 Executive Summary

• 1.1 Market overview
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Therapy
• Exhibit 06: Executive Summary – Chart on Market Segmentation by Technology
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market size 2022

• 3.4 Market outlook: Forecast for 2022-2027 
• Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global compression therapy market 2017 - 2021 
• Exhibit 18: Historic Market Size – Data Table on global compression therapy market 2017 - 2021 ($ million)

• 4.2 Therapy Segment Analysis 2017 - 2021 
• Exhibit 19: Historic Market Size – Therapy Segment 2017 - 2021 ($ million)

• 4.3 Technology Segment Analysis 2017 - 2021 
• Exhibit 20: Historic Market Size – Technology Segment 2017 - 2021 ($ million)

• 4.4 Geography Segment Analysis 2017 - 2021 
• Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)

• 4.5 Country Segment Analysis 2017 - 2021 
• Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

5 Five Forces Analysis

• 5.1 Five forces summary
• Exhibit 23: Five forces analysis - Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry
• Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition
• Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Therapy

• 6.1 Market segments
• Exhibit 30: Chart on Therapy - Market share 2022-2027 (%)
• Exhibit 31: Data Table on Therapy - Market share 2022-2027 (%)

• 6.2 Comparison by Therapy 
• Exhibit 32: Chart on Comparison by Therapy
• Exhibit 33: Data Table on Comparison by Therapy

• 6.3 Static - Market size and forecast 2022-2027 
• Exhibit 34: Chart on Static - Market size and forecast 2022-2027 ($ million)
• Exhibit 35: Data Table on Static - Market size and forecast 2022-2027 ($ million)
• Exhibit 36: Chart on Static - Year-over-year growth 2022-2027 (%)
• Exhibit 37: Data Table on Static - Year-over-year growth 2022-2027 (%)

• 6.4 Dynamic - Market size and forecast 2022-2027 
• Exhibit 38: Chart on Dynamic - Market size and forecast 2022-2027 ($ million)
• Exhibit 39: Data Table on Dynamic - Market size and forecast 2022-2027 ($ million)
• Exhibit 40: Chart on Dynamic - Year-over-year growth 2022-2027 (%)
• Exhibit 41: Data Table on Dynamic - Year-over-year growth 2022-2027 (%)

• 6.5 Market opportunity by Therapy 
• Exhibit 42: Market opportunity by Therapy ($ million)
• Exhibit 43: Data Table on Market opportunity by Therapy ($ million)

7 Market Segmentation by Technology

• 7.1 Market segments
• Exhibit 44: Chart on Technology - Market share 2022-2027 (%)
• Exhibit 45: Data Table on Technology - Market share 2022-2027 (%)

• 7.2 Comparison by Technology 
• Exhibit 46: Chart on Comparison by Technology
• Exhibit 47: Data Table on Comparison by Technology

• 7.3 Compression bandages - Market size and forecast 2022-2027 
• Exhibit 48: Chart on Compression bandages - Market size and forecast 2022-2027 ($ million)
• Exhibit 49: Data Table on Compression bandages - Market size and forecast 2022-2027 ($ million)
• Exhibit 50: Chart on Compression bandages - Year-over-year growth 2022-2027 (%)
• Exhibit 51: Data Table on Compression bandages - Year-over-year growth 2022-2027 (%)

• 7.4 Compression stocking - Market size and forecast 2022-2027 
• Exhibit 52: Chart on Compression stocking - Market size and forecast 2022-2027 ($ million)
• Exhibit 53: Data Table on Compression stocking - Market size and forecast 2022-2027 ($ million)
• Exhibit 54: Chart on Compression stocking - Year-over-year growth 2022-2027 (%)
• Exhibit 55: Data Table on Compression stocking - Year-over-year growth 2022-2027 (%)

• 7.5 Compression pumps - Market size and forecast 2022-2027 
• Exhibit 56: Chart on Compression pumps - Market size and forecast 2022-2027 ($ million)
• Exhibit 57: Data Table on Compression pumps - Market size and forecast 2022-2027 ($ million)
• Exhibit 58: Chart on Compression pumps - Year-over-year growth 2022-2027 (%)
• Exhibit 59: Data Table on Compression pumps - Year-over-year growth 2022-2027 (%)

• 7.6 Compression tapes - Market size and forecast 2022-2027 
• Exhibit 60: Chart on Compression tapes - Market size and forecast 2022-2027 ($ million)
• Exhibit 61: Data Table on Compression tapes - Market size and forecast 2022-2027 ($ million)
• Exhibit 62: Chart on Compression tapes - Year-over-year growth 2022-2027 (%)
• Exhibit 63: Data Table on Compression tapes - Year-over-year growth 2022-2027 (%)

• 7.7 Market opportunity by Technology 
• Exhibit 64: Market opportunity by Technology ($ million)
• Exhibit 65: Data Table on Market opportunity by Technology ($ million)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 66: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation 
• Exhibit 67: Chart on Market share by geography 2022-2027 (%)
• Exhibit 68: Data Table on Market share by geography 2022-2027 (%)

• 9.2 Geographic comparison 
• Exhibit 69: Chart on Geographic comparison
• Exhibit 70: Data Table on Geographic comparison

• 9.3 North America - Market size and forecast 2022-2027 
• Exhibit 71: Chart on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 72: Data Table on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 73: Chart on North America - Year-over-year growth 2022-2027 (%)
• Exhibit 74: Data Table on North America - Year-over-year growth 2022-2027 (%)

• 9.4 Europe - Market size and forecast 2022-2027 
• Exhibit 75: Chart on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 76: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 77: Chart on Europe - Year-over-year growth 2022-2027 (%)
• Exhibit 78: Data Table on Europe - Year-over-year growth 2022-2027 (%)

• 9.5 Asia - Market size and forecast 2022-2027 
• Exhibit 79: Chart on Asia - Market size and forecast 2022-2027 ($ million)
• Exhibit 80: Data Table on Asia - Market size and forecast 2022-2027 ($ million)
• Exhibit 81: Chart on Asia - Year-over-year growth 2022-2027 (%)
• Exhibit 82: Data Table on Asia - Year-over-year growth 2022-2027 (%)

• 9.6 Rest of World (ROW) - Market size and forecast 2022-2027 
• Exhibit 83: Chart on Rest of World (ROW) - Market size and forecast 2022-2027 ($ million)
• Exhibit 84: Data Table on Rest of World (ROW) - Market size and forecast 2022-2027 ($ million)
• Exhibit 85: Chart on Rest of World (ROW) - Year-over-year growth 2022-2027 (%)
• Exhibit 86: Data Table on Rest of World (ROW) - Year-over-year growth 2022-2027 (%)

• 9.7 US - Market size and forecast 2022-2027 
• Exhibit 87: Chart on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 88: Data Table on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 89: Chart on US - Year-over-year growth 2022-2027 (%)
• Exhibit 90: Data Table on US - Year-over-year growth 2022-2027 (%)

• 9.8 China - Market size and forecast 2022-2027 
• Exhibit 91: Chart on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 92: Data Table on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 93: Chart on China - Year-over-year growth 2022-2027 (%)
• Exhibit 94: Data Table on China - Year-over-year growth 2022-2027 (%)

• 9.9 Germany - Market size and forecast 2022-2027 
• Exhibit 95: Chart on Germany - Market size and forecast 2022-2027 ($ million)
• Exhibit 96: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
• Exhibit 97: Chart on Germany - Year-over-year growth 2022-2027 (%)
• Exhibit 98: Data Table on Germany - Year-over-year growth 2022-2027 (%)

• 9.10 India - Market size and forecast 2022-2027 
• Exhibit 99: Chart on India - Market size and forecast 2022-2027 ($ million)
• Exhibit 100: Data Table on India - Market size and forecast 2022-2027 ($ million)
• Exhibit 101: Chart on India - Year-over-year growth 2022-2027 (%)
• Exhibit 102: Data Table on India - Year-over-year growth 2022-2027 (%)

• 9.11 France - Market size and forecast 2022-2027 
• Exhibit 103: Chart on France - Market size and forecast 2022-2027 ($ million)
• Exhibit 104: Data Table on France - Market size and forecast 2022-2027 ($ million)
• Exhibit 105: Chart on France - Year-over-year growth 2022-2027 (%)
• Exhibit 106: Data Table on France - Year-over-year growth 2022-2027 (%)

• 9.12 Market opportunity by geography 
• Exhibit 107: Market opportunity by geography ($ million)
• Exhibit 108: Data Tables on Market opportunity by geography ($ million)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers

• 10.2 Market challenges

• 10.3 Impact of drivers and challenges 
• Exhibit 109: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends

11 Vendor Landscape

• 11.1 Overview

• 11.2 Vendor landscape
• Exhibit 110: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption
• Exhibit 111: Overview on factors of disruption

• 11.4 Industry risks
• Exhibit 112: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered
• Exhibit 113: Vendors covered

• 12.2 Market positioning of vendors 
• Exhibit 114: Matrix on vendor position and classification

• 12.3 3M Co.
• Exhibit 115: 3M Co. - Overview
• Exhibit 116: 3M Co. - Business segments
• Exhibit 117: 3M Co. - Key news
• Exhibit 118: 3M Co. - Key offerings
• Exhibit 119: 3M Co. - Segment focus

• 12.4 Cardinal Health Inc.
• Exhibit 120: Cardinal Health Inc. - Overview
• Exhibit 121: Cardinal Health Inc. - Business segments
• Exhibit 122: Cardinal Health Inc. - Key news
• Exhibit 123: Cardinal Health Inc. - Key offerings
• Exhibit 124: Cardinal Health Inc. - Segment focus

• 12.5 ConvaTec Group Plc
• Exhibit 125: ConvaTec Group Plc - Overview
• Exhibit 126: ConvaTec Group Plc - Business segments
• Exhibit 127: ConvaTec Group Plc - Key offerings
• Exhibit 128: ConvaTec Group Plc - Segment focus

• 12.6 DJO Global Inc.
• Exhibit 129: DJO Global Inc. - Overview
• Exhibit 130: DJO Global Inc. - Product / Service
• Exhibit 131: DJO Global Inc. - Key offerings

• 12.7 INNOTHERA
• Exhibit 132: INNOTHERA - Overview
• Exhibit 133: INNOTHERA - Product / Service
• Exhibit 134: INNOTHERA - Key offerings

• 12.8 Julius Zorn GmBH
• Exhibit 135: Julius Zorn GmBH - Overview
• Exhibit 136: Julius Zorn GmBH - Product / Service
• Exhibit 137: Julius Zorn GmBH - Key offerings

• 12.9 medi GmbH and Co. KG
• Exhibit 138: medi GmbH and Co. KG - Overview
• Exhibit 139: medi GmbH and Co. KG - Product / Service
• Exhibit 140: medi GmbH and Co. KG - Key offerings

• 12.10 Medtronic Plc
• Exhibit 141: Medtronic Plc - Overview
• Exhibit 142: Medtronic Plc - Business segments
• Exhibit 143: Medtronic Plc - Key news
• Exhibit 144: Medtronic Plc - Key offerings
• Exhibit 145: Medtronic Plc - Segment focus

• 12.11 Mego Afek A.C. Ltd
• Exhibit 146: Mego Afek A.C. Ltd - Overview
• Exhibit 147: Mego Afek A.C. Ltd - Product / Service
• Exhibit 148: Mego Afek A.C. Ltd - Key offerings

• 12.12 Paul Hartmann AG
• Exhibit 149: Paul Hartmann AG - Overview
• Exhibit 150: Paul Hartmann AG - Business segments
• Exhibit 151: Paul Hartmann AG - Key offerings
• Exhibit 152: Paul Hartmann AG - Segment focus

• 12.13 Sanyleg S.r.l.
• Exhibit 153: Sanyleg S.r.l. - Overview
• Exhibit 154: Sanyleg S.r.l. - Product / Service
• Exhibit 155: Sanyleg S.r.l. - Key offerings

• 12.14 SIGVARIS AG
• Exhibit 156: SIGVARIS AG - Overview
• Exhibit 157: SIGVARIS AG - Product / Service
• Exhibit 158: SIGVARIS AG - Key offerings

• 12.15 Smith and Nephew plc
• Exhibit 159: Smith and Nephew plc - Overview
• Exhibit 160: Smith and Nephew plc - Business segments
• Exhibit 161: Smith and Nephew plc - Key news
• Exhibit 162: Smith and Nephew plc - Key offerings
• Exhibit 163: Smith and Nephew plc - Segment focus

• 12.16 Tactile Systems Technology Inc. 
• Exhibit 164: Tactile Systems Technology Inc. - Overview
• Exhibit 165: Tactile Systems Technology Inc. - Product / Service
• Exhibit 166: Tactile Systems Technology Inc. - Key offerings

• 12.17 THUASNE
• Exhibit 167: THUASNE - Overview
• Exhibit 168: THUASNE - Product / Service
• Exhibit 169: THUASNE - Key offerings

13 Appendix

• 13.1 Scope of the report

• 13.2 Inclusions and exclusions checklist 
• Exhibit 170: Inclusions checklist
• Exhibit 171: Exclusions checklist

• 13.3 Currency conversion rates for US$ 
• Exhibit 172: Currency conversion rates for US$

• 13.4 Research methodology
• Exhibit 173: Research methodology
• Exhibit 174: Validation techniques employed for market sizing
• Exhibit 175: Information sources

• 13.5 List of abbreviations 
• Exhibit 176: List of abbreviations

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Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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