Compression therapy is the process of increasing blood flow in the limbs and other body parts by reinforcing bone support. Compression garments offer a certain amount of graduated pressure that controls the leg swelling and discomfort caused by venous diseases. It is majorly used in the treatment of varicose veins, deep vein thrombosis (DVT), lymphedema, venous leg ulcers, gravitational eczema and venous thrombolism (VTE). According to the Vascular Disease Foundation, chronic venous insufficiency majorly affects 50% of the adult population worldwide. This therapy is also preferred by sportspersons and athletes for treating musculoskeletal and spinal injuries.
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A recent innovation in compression therapy includes various new products and technologies that are user-friendly and adapt according to patient requirements. In 2016, COOLSYSTEMS, INC. developed ACCEL technology helping in integrated pneumatic compression and cold therapy. Also, the NormaTec recovery system developed by Normatec in 2016 uses the latest pulse technology for dynamic compression therapy. Profore, a compression system developed by Smith & Nephew in 2015, comprises an extra padding layer to provide protection to vulnerable areas such as the Achilles tendon and pretibial crest.
Nowadays multiple sustained high compression elastic bandages are used for compression therapy rather than traditional inelastic compression or single component compression systems because elastic bandages offer more convenient in terms of limb movement over the inelastic bandages.
Compression Therapy Market Taxonomy:
On the basis of technology
- Static compression therapy
- Dynamic compression therapy
On the basis of product type
- Compression pumps
- Compression bandages
- Compression stockings
- Compression tapes
On the basis of the end-user
- Ambulatory Surgical Centers
- Home Care Settings
Growing awareness regarding venous diseases and injuries is driving the growth of the compression therapy market. For instance, according to Safe Kids Worldwide, a global organization which is committed to preventing injuries in children, around 1.3 million cases of sports injuries in youngsters are registered in the U.S every year. Moreover, increasing geriatric population and rising prevalence of diabetes are also fueling the growth of the compression therapy market in the region. According to the International Diabetes Federation, the prevalence of diabetes is expected to grow from 366 million in 2011 to 552 million by 2030 worldwide that is expected to augment the market growth in the future. Also, the rise in DVT cases adds to the growth of the market. As per the Centers for Disease Control and Prevention (CDC), the annual incidence of DVT in the U.S. is 1 per 1000 people. The CDC also states that 60,000-100,000 patients suffered from DVT in 2016 in the U.S.
Moreover, ongoing research activities are also expected to propel the market growth. For instance, clinic trials are going on for the use of compression therapy in breast cancer-related lymphedema at the Medical University of Vienna. Furthermore, there are ongoing research studies to study the effect of pneumatic compression therapy on lymph movement in lymphedema-affected extremities at The Brown Institute for Molecular Medicine.
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Epidemiological and easy accessibility factors to fuel growth across regions
By geography, North America holds the major market share and this can be attributed to the rapid acceptance of new technologies and the growing prevalence of obesity resulting in vascular diseases. Obesity in individuals leads to a progression of knee osteoarthritis (OA) leading to a type of asymptomatic vascular disease. According to the American Academy of Orthopedic Surgeons (AAOS), around 600,000 knee arthroplasty surgeries were performed in 2010 in the U.S. Furthermore, growth in the Asia Pacific region is projected to be gain significant growth on the account of rising sports injuries in the region. According to the Asian Federation of Sports Medicine (AFSM), about 21,334 incidences of sports injuries occur annually in Asia.
Growth strategy adopted by major players
Key players in the global compression therapy market include Getinge AB, 3M, BSN Medical, Medtronic, SIGVARIS, FlowAid Medical Technologies, Bio Compression Systems, IntelliSkin, ConvaTec, Devon Medical Products, ElastiMed, Kinesio, KT Health and Laboratoires Innothera S.A.S. Companies are striving to increase their market share through inorganic and collaborative growth strategy. For instance, FarrowMed Medical solutions were acquired by BSN medicals in 2015. This helped BSN medical to expand its lymphedema treatment solutions portfolio. indifferent regions. In May 2017, Footfalls & Heartbeats, a UK based smart fabrics manufacturing company partnered with Karl Otto Braun GmbH & Co. KG (KOB), to develop a smart bandage that can measure the pressure applied by compression bandage and enable live monitoring of compression therapy. KOB is a bandage and fabric manufacturer based in Germany.
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