Compression Therapy Market, By Product Type (Static Compression Therapy, and Dynamic Compression Therapy), By Application (Venous Leg Ulcers, Lymphedema, Deep Vein Thrombosis (DVT), and Others), By End User (Hospitals, Specialty Clinics, Home healthcare, Rehabilitation Centers, Physician’s Office, Nursing Homes, and Others), By Geography (North America, Latin America, Asia Pacific, Europe, Middle East, and Africa)

Published In : Jan 2025

Code : CMI544

Pages :340

Formats :

Excel and PDF

Industry : Medical Devices

Market Concentration and Competitive Landscape

Compression Therapy Market Concentration By Players

Close-monitor your Competitor's Move, Request sample copy

Key Developments:

In October 2023, MediWound, a biopharmaceutical company specializing in wound care, formed a strategic partnership with 3M, a U.S.-based multinational conglomerate to conduct Phase III clinical trials for EscharEx, an advanced enzymatic debridement therapy
In September 2023, Tactile Medical, a pioneer in chronic disease management solutions, secured a patent for an innovative compression garment system featuring adjustable pressure to optimize fluid movement and management.
In June 2023, Medi GmbH & Co., a global leader in medical compression solutions, launched new compression products, including circular and flat-knit variants, tailored to meet a variety of patient needs
In May 2022, Medline Industries, LP., a leading distributor of healthcare products, introduced skin health and compression workshops to train Healthline workers in advanced care practices

Top Strategies Followed by Global Compression Therapy Market Players

Established Players: Leading companies are investing significantly in research and development to innovate high-performance compression therapy products.
- For instance, in May 2020, AIROS Medical, Inc. launched the Arm Plus garment, which received U.S. FDA 510(k) clearance. This product is designed to treat lymphedema affecting the arm, shoulder, chest, and back.
Mid-level companies are focusing on delivering quality, budget-friendly products targeting price-sensitive consumers. They aim to provide effective compression therapy solutions without compromising on quality, catering to a broader patient base.
Smaller companies are targeting niche markets with unique features or innovative products.
- For instance, in September 2023, Tactile Medical received a patent for a novel compression garment system utilizing adjustable pressure to enhance fluid movement and management, focusing on specialized patient needs.

Emerging Startups - Compression Therapy Industry Ecosystem

Innovative Technologies: Several startups are developing cutting-edge technologies to disrupt the market. Volterman has created a smart compression sleeve integrated with Bluetooth and sensors to monitor blood flow and muscle activity. Similarly, Tendril makes compression socks enhanced with temperature regulating fibers and moisture-wicking liners. These startups are bringing innovative fabrics and digital features to compression products.

Sustainable Solutions: Some startups focus on more eco-friendly offerings. Bently Bioengineering produces compression socks from recycled ocean plastics blended with moisture-wicking fibers. Similarly, Origin Compression uses sustainably sourced bamboo-based fabrics for its compression leggings and sleeves. Their products help address the industry's environmental impact.
Market Contribution: Startups also target niche patient groups. ActiveWraps designs colorful compression clothing and sleeves focused on teenage athletes and their self-image needs. CompressionZ cater specifically to geriatric patients by offering elderly-friendly garment designs. Startups are forming partnerships with established companies and research institutions to drive technological and sustainable innovation, facilitating the development and distribution of advanced compression therapy solutions.

Key Players Insights