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

Compression Therapy Market (By Technology - Static and Dynamic; By Product - Compression Pump, Compression Stocking, Compression Bandage, and Compression Tape) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 - 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

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 compression devices such as elasticized stockings, pumps, and bandages are used for the treatment of vascular diseases including venous ulcers, lymphedema, and deep vein thrombosis. The therapy involves primary intervention for the prevention and management of venous hypertension, edema, and leg ulcers. The therapy increases venous and lymphatic fluid in the limb with the utilization of an external force (exerted by compression products). Compression therapy is recognized as a gold standard for the treatment of lymphedema, chronic venous insufficiency, and deep vein thrombosis as it is easy-to-use, safe, and provides effective treatment in a short time span. In addition, rapidly increasing lymphedema and deep vein thrombosis cases are likely to boost global demand for compression therapy products. Rising sports injuries, increase in the number of orthopedic surgeries, and rapidly growing obese population boost demand for compression therapy products globally. However, lack of favorable reimbursement policies pertaining to the treatment of vascular diseases with compression therapy products is anticipated to hamper market growth. The global compression therapy market was valued at US$ 2,693.4 Mn in 2015 and is projected to reach US$ 4,245.4 Mn by 2023, expanding at a CAGR of 5.3% from 2016 to 2024.

Based on technology, the global compression therapy market has been segmented into static and dynamic compression therapy. The static compression technology segment accounted for the largest share of the global compression therapy market in 2015 owing to low cost, easy availability, and high demand for static compression products. However, the dynamic compression technology segment is projected to expand at the highest CAGR during the forecast period due to effective treatment outcomes and less frequent change of air tubes. Growing preference for innovative and comfortable products is driving the global demand for dynamic compression therapy products.

The report covers various compression therapy products such as compression pump, compression stocking, compression bandage, and compression tape. The compression bandage product segment accounted for the largest share of the global compression therapy market in 2015 due to low cost, easy availability, and stress-free usage. These factors encourage patients to opt for compression bandages in the treatment of vascular disease. The compression pump segment is projected to expand at the highest CAGR during the forecast period due to attributes such as safety, easy to use, and well-tolerated method.

North America dominated the global compression therapy market owing to the increasing prevalence of vascular diseases such as venous ulcers, lymphedema, and deep vein thrombosis and rising demand for various advanced compression therapy products in the region. The large and increasing geriatric population in Europe will contribute significantly to the number of surgeries performed due to higher susceptibility of elderly people to various chronic as well as acute disorders. Hence, increasing geriatric population is expected to boost demand for compression therapy in Europe.

The compression therapy market in Asia Pacific is anticipated to witness the fastest growth rate during the forecast period as compared to North America and Europe. Increasing geriatric population in countries such as Japan, China, and Singapore have accelerated the demand for accurate and reliable compression therapy products, thereby driving the market in the region. Moreover, rising disposable income and increase in health care infrastructure in countries such as India, China, and Malaysia would support market growth. The compression therapy market in Latin America is projected to expand at a high CAGR during the forecast period due to improving health care scenario, rising prevalence of venous diseases, and growing investments by market players.

Major players in the global compression therapy market include 3M Health Care, ArjoHuntleigh, BSN medical, Medtronic plc, Bio Compression Systems, Inc., medi GmbH & Co. KG, PAUL HARTMANN AG, and SIGVARIS MANAGEMENT AG.

compression-therapy-2016-market

 


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