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Published Date: 2016-05-13Number of Pages: 84

Compression Therapy Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2024

For the majority of sportspersons and athletes, compression therapy is one of the most common procedures of treating injuries. Over the years, the therapy has been facilitating the healing process in various cases of musculoskeletal and spinal injuries. Besides this, the increasing number of orthopedic surgeries conducted worldwide also has been fuelling demand for compression therapy. With the increasing obese population, the global compression therapy market stands to reach US$4.24 bn by 2024, exhibiting a CAGR of 5.3% between 2016 and 2024.

Transparency Market Research (TMR) has pegged the overall value of the global compression therapy market at US$2.69 bn in 2015. Holding a share of over 43.1%, bandages constituted the largest product segment in the compression therapy market in 2015.

Prevalence of Obesity Creates Ample Opportunities for Expansion of Compression Therapy Market in Developed Economies

The American Academy of Orthopedic Surgeons (AAOS) has stated that around 129,000 knee arthroplasty surgeries were conducted in the U.S. in 1990. The number had reached over 600,000 surgeries in 2010. Furthermore, the AAOS projects the number of arthroplasty surgeries to be conducted in the U.S. by 2030 to surpass 3 million. Considering the incredible rise in number of cases reported in the U.S. alone, the incidence of orthopedic conditions globally is projected to increase at a rapid pace. This creates ample opportunities for the expansion of the compression therapy market.

As obesity increases the risk of vascular diseases due to the pressure exerted by the bodyweight on underlying organs, its rising prevalence is often linked with the increasing demand for compression therapy. As per the World Health Organization (WHO), the prevalence of obesity has nearly doubled since 1980. With experts projecting the number to surge during the report’s forecast period, opportunities for the global compression therapy market are likely to bolster.

Lack of proper reimbursement policies will, however, limit the market’s success to an extent, finds TMR. Nevertheless, the rising investments in emerging economies and widespread unmet medical needs in these countries will support the market’s growth in the near future.

 

compression-therapy-market

 

North America Emerges Dominant with Most Attractive Opportunities

Regionally, North America has been exhibiting the most lucrative prospects for leading enterprises in the market. The region held around 47.2% of the market in 2015, followed by Europe, which accounted for a share of 32.2% in the market in the same year. The prevalence of vascular diseases in both these regions is relatively higher. In North America, TMR finds the alarming rate of obesity as a prime driver of the compression therapy market. Among other regions exhibiting prospects for the compression therapy market, Asia Pacific is expected to report the highest CAGR.

Some of the prominent companies operating in the global compression therapy market include 3M Health Care, Bio Compression Systems, Inc., BSN Medical, Covidien plc, Paul Hartmann AG, and others.

Supported by Clinical Evidence, Static Compression Therapy Emerges as Dominant Market Segment

Demand for static compression therapy is forecast to rise at a rapid pace. The segment in 2015 held the largest share in the market and is expected to sustain its dominant position through the forecast period. The low cost and easy availability of static compression products have consequently boosted their sales. These products are also supported by clinical evidence, due to which doctors around the world seem to prefer static garments more. Besides this, the aesthetic appearance and comfortable material of static compression hosiery have made them a preferred choice among patients.

Table of Content

1. Preface
    1.1. Report Description
    1.2. Market Segmentation
    1.3. Research Methodology

2. Executive Summary
    2.1. Global Compression Therapy Market Share, by Geography, 2014–2024 (US$ Mn)
    2.2. Global Compression Therapy Market, by Technology, 2015 (US$ Mn)
    2.3. Compression Therapy Market Snapshot

3. Compression Therapy Market– Industry Analysis
    3.1. Introduction
    3.2. Value Chain Analysis
    3.3. Market Drivers
          3.3.1. Rising sports injuries boost demand for compression therapy products
          3.3.2. Increase in the number of orthopedic surgeries escalates demand for compression therapy
          3.3.3. Increasing obese population
    3.4. Restraints
          3.4.1. Lack of favorable reimbursement policies restricts market growth
    3.5. Opportunities
          3.5.1. Investment in emerging economies to gain market share
    3.6. Porter’s Five Forces Analysis
    3.7. Market Attractiveness Analysis– Compression Therapy Market, by Geography (2015) (%)
    3.8. Heat Map Analysis, by Key Players, 2015

4. Market Segmentation – By Technology
    4.1. Introduction
    4.2. Global Compression Therapy Market Revenue, by Technology, 2014–2024 (US$ Mn)
          4.2.1. Global Static Compression Therapy Market Revenue, 2014–2024 (US$ Mn)
          4.2.2. Global Dynamic Compression Therapy Market Revenue, 2014–2024 (US$ Mn)

5. Market Segmentation – By Product
    5.1. Introduction
    5.2. Global Compression therapy Market Revenue, by Product, (US$ Mn), 2014–2024
          5.2.1. Global Compression Pump Market Revenue, 2014–2024 (US$ Mn)
          5.2.2. Global Compression Stocking Market Revenue, 2014–2024 (US$ Mn)
          5.2.3. Global Compression Bandages Market Revenue, 2014–2024 (US$ Mn)
          5.2.4. Global Compression Tapes Market Revenue, 2014–2024 (US$ Mn)

6. Market Segmentation – By Geography
    6.1. Introduction
          6.1.1. Global Compression Therapy Market Revenue, by Geography, (US$ Mn), 2014–2024
    6.2. North America Compression Therapy Market Revenue
          6.2.1. By Country, 2014–2024 (US$ Mn)
          6.2.2. By Technology, 2014–2024 (US$ Mn)
          6.2.3. By Product, 2014–2024 (US$ Mn)
    6.3. Europe Compression Therapy Market Revenue
          6.3.1. By Country, 2014–2024 (US$ Mn)
          6.3.2. By Technology, 2014–2024 (US$ Mn)
          6.3.3. By Product, 2014–2024 (US$ Mn)
    6.4. Asia Pacific Compression Therapy Market Revenue
          6.4.1. By Country, 2014–2024 (US$ Mn)
          6.4.2. By Technology, 2014–2024 (US$ Mn)
          6.4.3. By Product, 2014–2024 (US$ Mn)
    6.5. LATAM Compression Therapy Market Revenue
          6.5.1. By Country, 2014–2024 (US$ Mn)
          6.5.2. By Technology, 2014–2024 (US$ Mn)
          6.5.3. By Product, 2014–2024 (US$ Mn)
    6.6. MEA Compression Therapy Market Revenue
          6.6.1. By Country, 2014–2024 (US$ Mn)
          6.6.2. By Technology, 2014–2024 (US$ Mn)
          6.6.3. By Product, 2014–2024 (US$ Mn)

7. Recommendations

8. Company Profiles
    8.1. 3M Health Care
    8.2. ArjoHuntleigh
    8.3. Bio Compression Systems, Inc.
    8.4. BSN Medical
    8.5. Covidien plc
    8.6. medi GmbH & Co KG
    8.7. PAUL HARTMANN AG
    8.8. SIGVARIS MANAGEMENT AG

 

List of Figures

FIG. 1 Market Segmentation
FIG. 2 Global Compression Therapy Market Share, by Geography, 2015
FIG. 3 Global Compression Therapy Market Share, by Geography, 2024
FIG. 4 Global Static Compression Therapy Market, (US$ Mn), 2014–2024
FIG. 5 Global Dynamic Compression Therapy Market, (US$ Mn), 2014–2024
FIG. 6 Value Chain Analysis
FIG. 7 Porter’s Five Forces Analysis
FIG. 8 Market Attractiveness Analysis
FIG. 9 Heat Map Analysis, by Key Players, 2015
FIG. 10 Global Static Compression Therapy Market Revenue, (US$ Mn), 2014–2024
FIG. 11 Global Dynamic Compression Therapy Market Revenue, (US$ Mn), 2014–2024
FIG. 12 Global Compression Bandages Market Revenue, (US$ Mn), 2014–2024
FIG. 13 Global Compression Tapes Market Revenue, (US$ Mn), 2014–2024
FIG. 14 3M Health Care, Annual Revenue, 2013–2015 (US$ Mn)
FIG. 15 ArjoHuntleigh, Annual Revenue, 2013–2015 (US$ Mn)
FIG. 16 Covidien plc, Annual Revenue, 2013–2015 (US$ Mn)
FIG. 17 PAUL HARTMAN AG, Annual Revenue, 2013–2015 (US$ Mn)

 

List of Tables

TABLE 1 Global Compression Therapy: Market Snapshot
TABLE 2 Global Compression Therapy Market Revenue, by Technology, (US$ Mn), 2014–2024
TABLE 3 Global Compression Therapy Market Revenue, by Product Type, (US$ Mn), 2014–2024
TABLE 4 Global Compression Pump Market Revenue, (US$ Mn), 2014–2024
TABLE 5 Global Compression Stocking Market Revenue, (US$ Mn), 2014–2024
TABLE 6 Global Compression Therapy Market Revenue, by Geography, (US$ Mn), 2014–2024
TABLE 7 North America Compression Therapy Market, by Country, (US$ Mn), 2014–2024
TABLE 8 North America Compression Therapy Market, by Technology, (US$ Mn), 2014–2024
TABLE 9 North America Compression Therapy Market, by Product, (US$ Mn), 2014–2024
TABLE 10 North America Compression Pump Market, by Type, (US$ Mn), 2014–2024
TABLE 11 North America Compression Stockings Market, by Type, (US$ Mn), 2014–2024
TABLE 12 Europe Compression Therapy Market, by Country, (US$ Mn), 2014–2024
TABLE 13 Europe Compression Therapy Market, by Technology, (US$ Mn), 2014–2024
TABLE 14 Europe Compression Therapy Market, by Product, (US$ Mn), 2014–2024
TABLE 15 Europe Compression Pump Market, by Type, (US$ Mn), 2014–2024
TABLE 16 Europe Compression Stockings Market, by Type, (US$ Mn), 2014–2024
TABLE 17 Asia Pacific Compression Therapy Market, by Country, (US$ Mn), 2014–2024
TABLE 18 Asia Pacific Compression Therapy Market, by Technology, (US$ Mn), 2014–2024
TABLE 19 Asia Pacific Compression Therapy Market, by Product, (US$ Mn), 2014–2024
TABLE 20 Asia Pacific Compression Pump Market, by Type, (US$ Mn), 2014–2024
TABLE 21 Asia Pacific Compression Stockings Market, by Type, (US$ Mn), 2014–2024
TABLE 22 Latin America Compression Therapy Market, by Country, (US$ Mn), 2014–2024
TABLE 23 Latin America Compression Therapy Market, by Technology, (US$ Mn), 2014–2024
TABLE 24 Latin America Compression Therapy Market, by Product, (US$ Mn), 2014–2024
TABLE 25 Latin America Compression Pump Market, by Type, (US$ Mn), 2014–2024
TABLE 26 Latin America Compression Stockings Market, by Type, (US$ Mn), 2014–2024
TABLE 27 MEA Compression Therapy Market, by Country, (US$ Mn), 2014–2024
TABLE 28 MEA Compression Therapy Market, by Technology, (US$ Mn), 2014–2024
TABLE 29 MEA Compression Therapy Market, by Product, (US$ Mn), 2014–2024
TABLE 30 MEA Compression Pump Market, by Type, (US$ Mn), 2014–2024
TABLE 31 MEA Compression Stockings Market, by Type, (US$ Mn), 12014–2024

Compression therapy is a medical procedure in which external pressure is applied to the skin and underlying structure (organ) to promote normal flow of venous blood in the body. Recognized as a gold standard for treating lymphedema, chronic venous insufficiency, and deep vein thrombosis, compression therapy is safe, easy-to-use and provides effective treatment in a short time span. The therapy aims to increase venous and lymphatic fluid in the limb through the utilization of an external force (exerted by compression products). This report studies the current scenario as well as future market potential for compression therapy across the globe. The research comprises an elaborate executive summary, which includes a market snapshot that provides market dynamics of various segments and sub-segments that are included in the report in a precise manner. The report provides in-depth analysis of the compression therapy market. The stakeholders for this report include companies involved in the manufacturing of compression pumps, bandages, tapes and stocking. The executive summary section further summarizes the market size, trends and competition in different regions.

The market overview section of this report analyzes market dynamics such as drivers, restraints and opportunities that influence the compression therapy market in the current and future scenario. Market share analysis among the market players is analyzed to signify percentage share of the major players operating in the compression therapy market. All these factors will help the market players to decide about the business strategies and plans to be incurred in future for strengthening their position in the global market.

The compression therapy market has been segmented as technology, products and geography. Based on technology, the global compression therapy market has been segmented into static and dynamic technologies. Product for compression therapy include compression pump, compression bandage, compression stocking, and compression tape. Compression pump has been further segmented as intermittent and sequential compression pump whereas compression stocking is categorized into gradient and anti-embolism stockings.

Geographically, the compression therapy market has been categorized into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. Moreover, analysis for the major countries comprising U.S. Canada, Germany, U.K., Japan, China, Brazil, Mexico, UAE and Saudi Arabia have also been provided in the report. A detailed qualitative analysis of the factors responsible for driving and restraining the growth of the compression therapy market in various regions has been provided in this section.

The report provides market estimation of compression therapy market in terms of revenue (US$ Mn) for all the segments and sub segments with CAGR % for period 2016 to 2024, considering 2015 as the base year. Furthermore, the report incorporates market attractiveness analysis by geography category that depicts the most attractive region in the global market during the forecast period from 2016 to 2024.

Recommendations section in the report would assist new companies in establishing their presence and market players in expanding their market share in the compression therapy market. The report concludes with the company profile section which includes company overview, financial overview, product portfolio, business strategies and recent developments for market players. The major players that are profiled in the report include 3M Health Care, ArjoHuntleigh, Bio Compression Systems, Inc., BSN Medical, Covidien plc, medi GmbH & Co KG, PAUL HARTMAN AG and SIGVARIS MANAGEMENT AG.

The global compression therapy market is segmented into the following categories:

Compression Therapy Market, by Technology

  • Static
  • Dynamic

Compression Therapy Market, by Product

  • Compression Pumps
    • Intermittent
    • Sequential
  • Compression Bandages
  • Compression Stocking
    • Gradient
    • Anti- Embolism
  • Compression Tapes

Compression Therapy Market, by Geography

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • U.K.
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • Rest of APAC
  • Latin America
    • Brazil
    • Mexico
    • Rest of LATAM
  • Middle East & Africa
    • Saudi Arabia
    • UAE
    • Rest of MEA