Top 4 Trends Influencing Global Compression Therapy Market
The compression therapy industry is expected to witness notable growth over the coming years due to the rising incidence of road accidents and sports-related trauma. According to a report by the WHO, around 20-50 million road accident victims suffer non-fatal injuries. However, some of these injuries can cause partial or total disability if left untreated.
Compression therapy products are useful in such cases. They increase the blood flow in the body by exerting a comfortable yet constant pressure on the injured part. The number of people suffering from chronic venous diseases, such as deep vein thrombosis (DVT) and varicose veins is also increasing. Factors, such as old age, lack of physical activity, and sports injuries are contributing to the rise in these conditions.
The U.S. Centers for Disease Control and Prevention (CDC) says that nearly 900,000 people in the country are affected by DVT every year. These statistics indicate the potential demand for compression therapy devices.
Global compression therapy market size is anticipated to surpass USD 4 billion by 2030. Discussed below are some of the key trends impacting the industry progress.
- Compression pumps used as alternative to ineffective treatments:
Compression pumps will capture a sizeable share of global compression therapy industry over the coming years. The products can be used as an alternative to failed treatments for some patients. If elderly patients are either non-compliant or unresponsive to other treatments, then compression pumps can be used to alleviate the painful symptoms.
The prevalence of conditions, such as DVT and lymphedema is increasing across the world. According to the Australian Commission on Safety and Quality in Healthcare, 30,000 Australian citizens are diagnosed with DVT every year, incurring a cost of around AUD 1.72 billion (USD 1.19 billion) to the country’s healthcare system. Many of these patients can be successfully treated with the help of compression pumps.
- Dynamic compression therapy gains traction:
Global dynamic compression therapy industry value is expected to surge considerably in the future. Sports injuries are on the rise as more people are participating in physical activities to improve their fitness levels. As per the statistics from Johns Hopkins Medicine, more than 3.5 million sports injuries take place in the U.S. every year.
Athletes performing in elite competitions, such as the Olympics and World Championships undergo dynamic compression therapy to enhance the performance of their lower extremities. It can also significantly improve their pressure-to-pain threshold during the recovery process.
- Compression therapy helpful in treating leg ulcers:
Global compression therapy market size from the leg ulcer application will record a healthy growth rate over the forthcoming years. Leg ulcers are becoming increasingly common because of a severe lack of physical activity, which results in poor blood circulation.
According to the NHS, venous leg ulcers affect 1 in 500 people in the U.K. Products like compression stockings can reduce the pain caused by these ulcers as they apply constant pressure on the affected part, thereby improving the flow of blood and other fluids.
- Europe compression therapy industry expands:
Europe compression therapy industry revenue will exhibit a consistent growth in the future as the region is witnessing a major rise in geriatric population. According to Eurostat, the share of people falling in the age category of 80 years and above was estimated to be 6% in 2021 and will expand significantly over the coming decades.
People aged 65 years and above are at a higher risk of being diagnosed with chronic venous diseases like DVT. Compression therapy is beneficial for these patients as it gives them several treatment options to choose from. The growing demand for non-invasive and painless treatments will fuel the adoption of compression devices.
Global compression therapy market outlook will be influenced by the growing prevalence of chronic venous disorders. Unhealthy lifestyle choices, obesity, and aging are some of the primary factors causing the onset of these ailments. With constant innovations being introduced in these products to improve patient safety and comfort, the awareness and availability of suitable treatment options will also rise. Depending on the applications, both static and dynamic compression therapy use will see considerable boost over the coming years.
Organizations such as Medi Gmbh & Co. KG, DJO Global, Inc., Convatec Inc., BSN Medical, 3M Company, Cardinal Health, Inc., Sigvaris, and Paul Hartmann AG, among others, are the leading developers of compression therapy products. These include compression garments, pumps, braces, and tapes that use static and dynamic compression technologies to enhance blood circulation and prevent the coagulation of vital fluids.
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