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Global Compression Therapy Market 2017-2021

Global Compression Therapy Market 2017-2021

About Compression Therapy

Compression is a technique for supporting the venous system in the preventive setting and acute and post thrombosis care. Therapeutic compression accelerates deep venous flow rates by putting pressure to compress superficial veins. This external force establishes a more efficient flow to the system, thereby combating venous stasis.

Technavio’s analysts forecast the global compression therapy market to grow at a CAGR of 5.21% during the period 2017-2021.Covered in this report

The report covers the present scenario and the growth prospects of the global compression therapy market for 2017-2021. To calculate the market size, the report considers the revenue generated from the sales of compression products such as

  • Compression bandages
  • Compression pumps
  • Compression stockings
  • Compression tapes
  • The market is divided into the following segments based on geography:
    • Americas
    • APAC
    • EMEA
    Technavio's report, Global Compression Therapy Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

    Key vendors
    • 3M
    • BSN Medical
    • Getinge
    • Medtronic
    • SIGVARIS
    Other prominent vendors
    • Adidas
    • Bio Compression Systems
    • ConvaTec
    • Devon Medical Products
    • ElastiMed
    • FlowAid Medical Technologies
    • IntelliSkin
    • Kinesio
    • KT Health
    • Laboratoires Innothera
    • medi
    • Medical Compression Systems
    • Nike
    • PAUL HARTMANN
    • Smith & Nephew
    • Tactile Systems Technology
    • Thuasne
    • VERT
    • Zensah
    • Zimmer Biomet
    Market driver
    • Growing adoption of sequential compression device systems
    • For a full, detailed list, view our report
    Market challenge
    • Highly fragmented market increasing the competition
    • For a full, detailed list, view our report
    Market trend
    • Growing focus on sports apparel manufacturers to offer compression therapy systems
    • For a full, detailed list, view our report
    Key questions answered in this report
    • What will the market size be in 2021 and what will the growth rate be?
    • What are the key market trends?
    • What is driving this market?
    • What are the challenges to market growth?
    • Who are the key vendors in this market space?
    • What are the market opportunities and threats faced by the key vendors?
    • What are the strengths and weaknesses of the key vendors?


    Press Release

    Technavio Announces the Publication of its Research Report – Global Compression Therapy Market 2017-2021

    Technavio recognizes the following companies as the key players in the global compression therapy market: 3M, BSN Medical, Getinge, Medtronic, and SIGVARIS

    Other Prominent Vendors in the market are: Adidas, Bio Compression Systems, ConvaTec, Devon Medical Products, ElastiMed, FlowAid Medical Technologies, IntelliSkin, Kinesio, KT Health, Laboratoires Innothera, medi, Medical Compression Systems, Nike, PAUL HARTMANN, Smith & Nephew, Tactile Systems Technology, Thuasne, VERT, Zensah, and Zimmer Biomet

    Commenting on the report, an analyst from Technavio’s team said: “The market has been witnessing a paradigm shift toward the adoption of wearable compression systems, owing to the increased advantages over conventional compression therapy systems such as stockings. The traditional compression systems can be uncomfortable and difficult for individuals to put on without assistance. This could be due to age-related issues, arthritis, poor mobility or flexibility. Also, the pneumatic compression pumps are costly and bulky, due to which the individuals may resist the adoption. Therefore, the vendors have focused on developing lightweight wearable compression systems. For instance, ElastiMed is using smart materials to develop a wearable compression device that features a battery, which allows the garment to contract and massage the leg. In addition, the device is easy to wear, effective and affordable treatment option. Also, Tactile Systems Technology is offering Flexitouch System (only device that has a strong clinical profile to reduce chronic swelling related to lymphedema) is an advanced intermittent pneumatic compression device, which can stimulate the lymphatic system and reduces the rate of hospital visits. The tactile Systems Technology reported almost 92% of its total sales from Flexitouch System in 2015.”

    According to the report, the increasing surgical procedures such as hip and knee replacements increase the risk of DVT, thereby fueling the need for compression therapy systems. Surgeries often result in long periods of immobility, increasing the chances of developing DVT due to reduced blood flow. It is reported that over a million Americans undergo joint replacement surgeries every year. Individuals undergoing knee replacement and hip replacement surgeries have an increased likelihood of developing DVT. Apart from this, more than 670,000 broken bone repair surgeries are performed every year in the US. It is also observed that these cases of joint replacements and cardiovascular procedures are more commonly observed among the older population.

    Further, the report states that reforms in the reimbursement structure and rates will affect consumer demand and lead to market fluctuations worldwide. In spite of reforms in medical devices and pharmaceuticals, many developed countries do not have proper reimbursement policies for many medical devices such as compression therapy devices.

    Companies Mentioned

    3M, BSN Medical, Getinge, Medtronic, SIGVARIS, Adidas, Bio Compression Systems, ConvaTec, Devon Medical Products, ElastiMed, FlowAid Medical Technologies, IntelliSkin, Kinesio, KT Health, Laboratoires Innothera, medi, Medical Compression Systems, Nike, PAUL HARTMANN, Smith & Nephew, Tactile Systems Technology, Thuasne, VERT, Zensah, Zimmer Biomet.

    • Executive summary
    • Scope of the report
      • Market overview
      • Top-vendor offerings
        • Table Product offerings
    • Market research methodology
      • Research methodology
      • Economic indicators
    • Introduction
      • Key market highlights
      • Highlights
    • An overview of pathophysiology and key disease applications
      • Pathophysiology
      • Diabetes
      • VTE
    • Market landscape
      • Market overview
        • Table Global compression therapy market snapshot
        • Table Global compression therapy market 2016-2021 ($ millions)
        • Table Opportunity analysis in global compression therapy market
      • Five forces analysis
        • Table Five forces analysis
    • Key clinical trials
      • Table Key clinical trials
    • Market segmentation by technology
      • Table Segmentation of global compression therapy market based on technology 2016
      • Static compression therapy
        • Table Global static compression therapy market 2016-2021 ($ millions)
      • Dynamic compression therapy
        • Table Global dynamic compression therapy market 2016-2021 ($ millions)
    • Market segmentation by product type
      • Table Segmentation of global compression therapy market based on product type 2016
      • Compression pumps
        • Table Global compression pumps market 2016-2021 ($ millions)
      • Compression bandages
        • Table Global compression bandages market 2016-2021 ($ millions)
      • Compression stockings
        • Table Global compression stockings market 2016-2021 ($ millions)
      • Compression tapes
        • Table Global compression tapes market 2016-2021 ($ millions)
    • Geographical segmentation
      • Table Segmentatison of global compression therapy market based on geography 2016 and 2021
      • Table Compression therapy market revenue by geography 2016-2021 ($ millions)
      • Compression therapy market in Americas
        • Table Market scenario in Americas
        • Table Compression therapy market in Americas ($ millions)
      • Compression therapy market in EMEA
        • Table Market scenario in EMEA
        • Table Compression therapy market in EMEA ($ millions)
      • Compression therapy market in APAC
        • Table Market scenario in APAC
        • Table Compression therapy market in APAC ($ millions)
    • Market drivers
      • Increasing surgical procedures
      • Growing adoption of sequential compression device systems
        • Table Factors driving the adoption of sequential compression therapy system
      • Presence of large patient pool with venous disorders and diabetes
        • Table Key factors adding to the patient pool
    • Increasing sports- and road accident-related injuries
      • Table Incidences of sports-related injuries
    • Impact of drivers
      • Table Impact of drivers
    • Market challenges
      • Growing preference for alternatives
        • Table Some of the substitutes
      • Lack of reimbursements
        • Table Factors affecting the adoption rates
      • Highly fragmented market increasing the competition
    • Impact of drivers and challenges
      • Table Impact of drivers and challenges
    • Market trends
      • Paradigm shift toward the adoption of smart and wearable compression systems
      • Growing focus on sports apparel manufacturers to offer compression therapy systems
      • Increasing mergers and acquisitions
    • Vendor landscape
      • Table Competitive structure analysis of global compression therapy market 2016
      • Table Competitive analysis of global compression therapy market
      • Table Competitive landscape analysis of various compression therapy manufacturers 2016
      • Table Strategic success factors of companies in global compression therapy market
    • Key vendor analysis
      • 3M
        • Table 3M: Strength assessment
        • Table 3M: Strategy assessment
        • Table 3M: Opportunity assessment
      • BSN Medical
        • Table BSN Medical: Key highlights
        • Table BSN Medical: Strength assessment
        • Table BSN Medical: Strategy assessment
        • Table BSN Medical: Opportunity assessment
      • Getinge Group
        • Table Getinge Group: Key highlights
        • Table Getinge Group: Strength assessment
        • Table Getinge Group: Strategy assessment
        • Table Getinge Group: Opportunity assessment
      • Medtronic
        • Table Medtronic: Key highlights
        • Table Medtronic: Strength assessment
        • Table Medtronic: Strategy assessment
        • Table Medtronic: Opportunity assessment
      • SIGVARIS
        • Table SIGVARIS: Key highlights
        • Table SIGVARIS: Strength assessment
        • Table SIGVARIS: Strategy assessment
        • Table SIGVARIS: Opportunity assessment
      • Other prominent vendors
    • Appendix
      • List of abbreviations
    • Explore Technavio

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