Home > Healthcare > Medical Devices > Therapeutic Devices > Compression Therapy Market

Compression Therapy Market Share

Report ID: GMI2504
Published Date: Aug 2024
Report Format: PDF

Download Free Sample

Compression Therapy Market Share

The compression therapy industry is fragmented in nature, with various large multinationals and small and mid-sized companies competing in the industry. The development and launch of novel products with improved efficiency and cost-effectiveness are key market strategies for compression therapy manufacturers, driving competition and innovation in the industry. This emphasis on innovation aims to address evolving clinical needs and enhance patient outcomes, positioning companies to gain market share and meet the growing demand for advanced compression therapy.

Compression Therapy Market Companies

Some of the eminent market participants operating in the compression therapy industry include:

3M Company
Alcare Company Ltd.
ArjoHuntleigh
BIO Compression Systems, Inc.
Cardinal Health, Inc.
ConvaTec Inc.
DJO Global Inc.
Essity AB
Julius Zorn GmbH
Medi GmbH & Co. KG
PAUL HARTMANN AG
Sanyleg S.R.L
Sigvaris AG
Smith & Nephew Plc.
Tactile Medical

Authors: Mariam Faizullabhoy , Gauri Wani

Frequently Asked Questions (FAQ) :

The global compression therapy industry was valued at around USD 3.4 billion in 2023 and is expected grow at a CAGR of 5.5% during 2024-2032, attributed to technological advancements, and the increasing prevalence of chronic venous disorders and lymphedema.

The compression garments segment of compression therapy industry was worth USD 1.7 billion in 2023, as they are used to treat a variety of conditions, including varicose veins, lymphedema, chronic venous occlusions treatment, deep vein thrombosis (DVT), and post-surgical recovery.

North America compression therapy industry was valued at USD 1.1 billion in 2023 and is predicted to witness substantial growth through 2032, on account of increased prevalence of conditions such as venous disorders, diabetes, obesity, and cardiovascular diseases.

ArjoHuntleigh, BIO Compression Systems, Inc., Cardinal Health, Inc., ConvaTec Inc., DJO Global Inc., Essity AB, and Julius Zorn GmbH among others.