Compression Therapy Market Size and Trends

The Global Compression Therapy Market is estimated to be valued at USD 4.10 Billion in 2024 and is expected to reach USD 6.81 Billion by 2031, exhibiting a compound annual growth rate (CAGR) of 7.5% from 2024 to 2031.

Key Takeaways of the Compression Therapy Market:

By product type, the static compression therapy segment is expected to contribute the highest share of the market with 52.1% in 2024
By application, the venous leg ulcers segment is expected to contribute the highest share of the market with 42.1% in 2024.
By end user, the hospitals segment is expected to contribute the highest share of the market with 25.2% in 2024.
North America is expected to top the global market with 39.3% share, followed by Asia Pacific with 27.7% share in 2024.

Market Overview:

The market provides compression garments and devices that help support and comfort limbs affected by conditions such as varicose veins, leg cramps, and injuries. The compression therapy industry is expected to witness significant growth over the forecast period. Rising geriatric population globally who are more prone to conditions requiring compression therapy will drive demand. Additionally, growing prevalence of lifestyle diseases such as diabetes that can increase risk of leg and vascular issues is also expected to support the increased need for compression wear and devices through 2031.

Compression Therapy Market Concentration By Players

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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.