Analysis of Compression Therapy Device Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
As per Fact.MR’s new industry analysis, the global compression therapy device market is estimated at US$ 4.21 billion in 2024. Worldwide demand for compression therapy devices is forecasted to increase at a CAGR of 5.5% and reach a market value of US$ 7.19 billion by the end of 2034.
Growing prevalence of lymphedema, chronic venous diseases, and other vascular disorders is expected to increase the demand for compression therapy devices. With an aging population, there is an increase in the number of cases of deep vein thrombosis (DVT) and venous ulcers. This is forecasted to result in the rising use of compression therapy devices for prevention and treatment.
Innovations taking place in compression therapy devices, including adjustable compression garments, sequential compression devices, and pneumatic compression pumps, have led to improved treatment effectiveness and patient comfort, thus contributing to the compression therapy device market trends. Rising awareness among healthcare professionals and patients related to the benefits of compression therapy in managing several vascular conditions is predicted to contribute to market expansion.
Fitness enthusiasts and athletes use sports compression clothing to assist in muscle recovery, improve performance, and reduce swelling. The rising trend of sports-related activities is predicted to contribute to the expansion of the compression therapy device market size. Compression therapy is generally prescribed after the surgical process to improve blood circulation, prevent blood clots, and reduce swelling, which is forecasted to result in the growing adoption of compression therapy devices in surgical rehabilitation.
Supportive reimbursement schemes, government policies, and initiatives are taken to promote better healthcare, which is forecasted to facilitate easy access to compression therapy devices. The increasing need for home-based care is forecasted to result in rising demand for user-friendly and portable compression therapy devices, making them more accessible to patients even outside clinical settings.
| Report Attributes | Details |
|---|---|
| Compression Therapy Device Market Size (2024E) | US$ 4.21 Billion |
| Forecasted Market Value (2034F) | US$ 7.19 Billion |
| Global Market Growth Rate (2024 to 2034) | 5.5% CAGR |
| Hospitals Segment Market Share (2034F) | 35% |
| North America Market Share (2034F) | 50.1% |
| Canada Market Growth Rate (2024 to 2034) | 5.6% CAGR |
| Key Companies Profiled | 3M; Brownmed, Inc.; Arjo; Essity Aktisbolag; Daesung Maref Co., Ltd.; Enovis; AIROS Medical, Inc.; Julius Zorn, Inc.; FlowAid Medical Technologies; Lohmann & Raucher GmbH & Co. KG; Medi GmbH & Co. KG; Cardinal Health; Avanos Medical, Inc.; TONUS ELAST SIASwoop Aero P. Ltd.; Zimmer Biomet; Thusane SAS; Stryker; Tactile Medical |
“Increasing Venous Leg Ulceration Cases and Orthopedic Procedures Linked to Sports Injuries”
Venous leg ulceration is one of the most commonly found medical disorders across geographies. It is projected to affect a noteworthy population of geriatric people. Obesity, deep vein thrombosis, and immobility are some prominent factors responsible for venous disorders. Thus, rising prevalence of ulcers is predicted to contribute to the growing use of compressed goods owing to the increasing awareness among healthcare providers and patients.
Rising number of orthopedic procedures along with increasing incidents of sports injuries are further leading to the adoption of compression therapy devices. In addition, R&D activities in compression therapy devices are a consistent part, which is forecasted to lead to product advancements. Manufacturers of compression therapy devices are taking advantage of this situation and offering new products with more efficiency.
“Stringent Regulations Governing Production of Compression Therapy Devices”
Irrespective of the multiple uses of compression therapy devices, some challenges are predicted to stymie market expansion. Regulatory authorities are implementing new laws and guidelines to be adhered to during the production of new compression therapy devices.
Several parameters, including optimal therapeutic efficacy, best comfort, and product reliability need to be assured for patients with wounds and skin problems. In addition, a lack of international standards set for certain parameters, including pressure standards or garment selection for compression therapy devices, is adversely impacting compression therapy device market growth.
“Focus on Investments in Integration of Smart Technologies”
New companies in the market have ample opportunities for technological advancements. Focusing on innovative materials like breathable fabrics and integrating smart technologies for personalized compression levels can be key areas of investment and development.
North America is projected to account for 50.1% share of the global market by 2034, as per the study published by Fact.MR, a market research and competitive intelligence provider. The dominance of North America is attributed to the presence of some key players and their involvement in product launches.
“Rising Prevalence of Venous Disorders and Lymphedema”
| Attribute | United States |
|---|---|
| Market Value (2024E) | US$ 1.8 Billion |
| Growth Rate (2024 to 2034) | 5.9% CAGR |
| Projected Value (2034F) | US$ 3.2 Billion |
The United States is expencted to account for 88.9% share of the North American market by 2034. Significant investments in the R&D sector in the country are attributed to the rising prevalence of venous disorders and lymphedema, introduction of improvised products, and collaborations. These factors are fueling the demand for compression therapy devices.
“Market Benefiting from Improved Access to Medical Devices and Healthcare Services”
| Attribute | China |
|---|---|
| Market Value (2024E) | US$ 177 Million |
| Growth Rate (2024 to 2034) | 5.9% CAGR |
| Projected Value (2034F) | US$ 313 Million |
China is projected to account for 53% share of the East Asia market by 2034. Increasing awareness among more patients about the merits of compression therapy devices for different conditions is predicted to lead to increased sales. In addition, improved and easy access to medical devices and healthcare services is projected to contribute to growing sales of compression therapy devices. Technological advancements taking place in compression therapy devices for enhanced comfort and treatment effectiveness are forecasted to encourage more consumers to adopt compression therapy devices in China.
As per Fact.MR’s study, demand for static compression therapy devices is increasing owing to their increased adoption by athletes and their contribution to rapid recovery. Further, these static garments are easy to wear and conform well to the body shape.
“Enhanced Comfort of Static Compression Therapy Devices Fueling Their Sales”
| Attribute | Static |
|---|---|
| Segment Value (2024E) | US$ 3.43 Billion |
| Growth Rate (2024 to 2034) | 5.1% CAGR |
| Projected Value (2034F) | US$ 5.62 Billion |
Static compression therapy devices are forecasted to hold 78.1% of the global market share by the end of 2034. Static compression garments are specifically manufactured with a compression gradient to increase their comfort while wearing. In addition, their increased adoption by athletes after injury is estimated to contribute to the recovery rate.
Growing cases of lymphedema along with an increasing population of geriatric patients are projected to increase demand for static compression garments due to their comfort. Moreover, they can conform to their entire body shape thus gaining traction among respective end users.
“Easy Access to Compression Therapy Devices in Hospital Settings”
| Attribute | Hospitals |
|---|---|
| Segment Value (2024E) | US$ 1.44 Billion |
| Growth Rate (2024 to 2034) | 5.7% CAGR |
| Projected Value (2034F) | US$ 2.52 Billion |
Hospitals are forecasted to occupy 35% of the global market by 2034. This dominance is attributed to the rising number of hospital admissions along with the easy availability of more efficient compression therapy devices. In addition, favorable reimbursement policies for the adoption of compression therapy devices are predicted to push their demand among end users across geographies.
The global market is highly fragmented as various competitors are manufacturing compression therapy devices with advanced features. In addition, players are taking initiatives to expand business into new regions and acquiring companies. Investments in strengthening supply chain management systems, new developments, offering quality products, etc., can help players get a competitive edge.
For instance:
Key players in the compression therapy device market are 3M, Brownmed, Inc., Arjo, Essity Aktisbolag, Daesung Maref Co., Ltd., Enovis, AIROS Medical, Inc., Julius Zorn, Inc., FlowAid Medical Technologies, Lohmann & Raucher GmbH & Co. KG, Medi GmbH & Co. KG, Cardinal Health, Avanos Medical, Inc., TONUS ELAST SIASwoop Aero P. Ltd., Zimmer Biomet, Thusane SAS, Stryker, and Tactile Medical.
What is the valuation of the compression therapy device market?
The global compression therapy device market is estimated at US$ 4.21 billion in 2024.
What is the sales projection for compression therapy devices for 2034?
Sales of compression therapy devices are projected to reach US$ 7.19 billion by the end of 2034.
At what rate is the demand for compression therapy devices forecasted to rise?
Global demand for compression therapy devices is forecasted to increase at 5.5% CAGR from 2024 to 2034.
How much share of the global market will hospitals account for by 2034?
Hospitals are projected to account for 35% share of the global market by 2034.
What will the contribution of North America be to the global market?
North America is projected to hold 50.1% share of global market revenue by 2034.
What is the forecasted growth rate for the market in Canada?
The market in Canada is forecasted to expand at a CAGR of 5.6% from 2024 to 2034.
Compression Therapy Device Market