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Pulished Date July, 2021
ID: 11868
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North America Compression Therapy Market Research Report – Segmented By Product, Technique, Application, Distribution Channel and Country (The United States, Canada and Rest of North America) – Industry Analysis on Size, Share, Trends, COVID-19 Impact & Growth Forecast (2021 to 2026)

Pulished: July, 2021
ID: 11868
Pages: 100

North America Compression Therapy Market Size (2021 to 2026)

The North American compression therapy market size is forecasted to be growing at a CAGR of 6.02% from 2021 to 2026.

Commonly used compression therapy includes graduated or medical compression wear and standard compression socks. Graduated compression socks are mostly used for the treatment of chronic venous disorders and edema. The increased demand is also attributed to advancements in technologies related to orthopedic surgeries and the increased awareness of the presence and benefits of compression therapy.

The increasing prevalence of venous disorders such as leg ulcers, deep vein thrombosis, lymphedema, deep vein thrombosis (DTV), and blood clots is a high impact factor in treatment. The products, especially stockings and bandages, are increasingly used to treat the aforementioned disorders, promoting growth. According to the vascular surgery department, chronic venous abnormalities are present in about 52% of individuals. The online advertising of compression therapy and its effectiveness in curing venous disorders has enabled consumers to make informed decisions for their needs and to adopt compression garments in place of traditional stockings and bandages.

The increasing number of orthopedic procedures primarily drives the North American compression therapy market due to a significant increase in accidents and the obese population worldwide. In addition, the growing geriatric population is susceptible to orthopedic conditions, which contributes to the high number of orthopedic procedures. These factors lead to an increase in the consumption of the products. According to the American Academy of Orthopedic Surgeons, knee and hip replacements are expected to increase by as much as 675% and 179%, respectively, over the next two decades. This unprecedented growth in orthopedic procedures illustrates the demand for compression therapy products.

The limiting factors associated with compression therapy are the lack of standardization of the manufacturing process, the lesser focus on promotional campaigns organized in areas other than medical use, and the effect of the material on the characteristics of the product.

Impact of COVID-19 on the North American Compression Therapy Market:

The COVID-19 pandemic outbreak has affected relevant end-user industries in the North American region, negatively impacting the compression therapy industry. Major markets, including the United States and Canada, are also affected. However, the United States resumed market activities from the second half of 2020, with production and factories back on track. However, it will take at least a quarter or two to regain its previous market momentum.

This research report on the North American compression therapy market has been segmented and sub-segmented into the following categories:

By Product:

  • Garments
    • Stockings
    • Bandages & Wraps
    • Other Garments
  • Braces
  • Pumps

By Technique:

  • Static
  • Dynamic

By Application:

  • Varicose Vein Treatments
  • Deep Vein Thrombosis Treatments
  • Lymphedema Treatments
  • Leg Ulcer Treatments
  • Others

By Distribution Channel:

  • Pharmacies & Retailers
  • Hospitals & Clinics
  • E-Commerce Platforms

By Country:

  • The United States
  • Canada
  • Rest of North America

The United States was the primary market for the North American region. The United States dominates the North American region with a total market share of 95% and is expected to continue to experience strong growth during the forecast period. The growth of the geriatric population and the high incidence of chronic venous disorders and obesity are the reasons for the participation achieved by this region in previous years. The presence of favorable government reimbursement schemes and increasing levels of healthcare awareness are also key factors contributing to growth in this region. In addition, the presence of a large number of established pharmaceutical companies, constantly striving to achieve wide commercialization and improve their geographic reach, is believed to be a key factor responsible for future growth in this region.

Style trends for girdles have undergone constant changes in the United States. In the United States, women are turning more to fashionable fitness clothing. Several other popular shapewear includes belts, panties, shapewear, and corsets. According to a recent review from the Centers for Disease Control and Prevention, approximately 900,500 people in the U.S. could be affected by DTV due to a modern lifestyle. About 12-30% of the population with DTV is expected to die within one month of diagnosis.

Countries such as Canada and Mexico also have huge opportunities in the upcoming years.

KEY MARKET PLAYERS:

Medi GmbH & Co., Medtronic Plc, Julius Zorn GmbH, SIGVARIS, Hartmann AG, BSN Medical GmbH, ArjoHuntleigh, 3M Health Care, Spectrum Healthcare, Bio Compression Systems, Inc. and Gottfried Medical are a few of the leading companies in the North American compression therapy market.

  1. Introduction                                                          
    1. Market Definition                                               
    2. Scope of the report                                            
    3. Study Assumptions                                            
    4. Base Currency, Base Year and Forecast Periods                                                     
  2. Research Methodology                                                                    
    1. Analysis Design                                                   
    2. Research Phases                                                 
      1. Secondary Research                                       
      2. Primary Research                              
      3. Data Modelling                                 
      4. Expert Validation                              
    3. Study Timeline                                                    
  3. Report Overview                                                                 
    1. Executive Summary                                           
    2. Key Inferences                                                  
  4. Market Dynamics                                                                
    1. Impact Analysis                                                   
      1. Drivers                                  
      2. Restraints                              
      3. Opportunities                                    
    2. Regulatory Environment                                                  
    3. Technology Timeline & Recent Trends                                                      
  5. Competitor Benchmarking Analysis                                                             
    1. Key Player Benchmarking                                                
      1. Market share analysis                                    
      2. Products/Service                              
      3. Regional Presence                            
    2. Mergers & Acquisition Landscape                                                
    3. Joint Ventures & Collaborations                                                  
  6. Market Segmentation                                                                       
    1. Compression Therapy Market, By Product
      1. Garments
        1. Stockings
        2. Bandages & Wraps
        3. Other Garments
      2. Braces
      3. Pumps
      4. Market Size Estimations & Forecasts (2021-2026)                               
      5. Y-o-Y Growth Rate Analysis                                         
      6. Market Attractiveness Index                                       
    2. Compression Therapy Market, By Technique
      1. Static
      2. Dynamic
      3. Market Size Estimations & Forecasts (2021-2026)                               
      4. Y-o-Y Growth Rate Analysis                                         
      5. Market Attractiveness Index        
    3. Compression Therapy Market, By Application
      1. Varicose Vein Treatments
      2. Deep Vein Thrombosis Treatments
      3. Lymphedema Treatments
      4. Leg Ulcer Treatments
      5. Others
      6. Market Size Estimations & Forecasts (2021-2026)                               
      7. Y-o-Y Growth Rate Analysis                                         
      8. Market Attractiveness Index        
    4. Compression Therapy Market, By Distribution Channel
      1. Pharmacies & Retailers
      2. Hospitals & Clinics
      3. E-Commerce Platforms
      4. Market Size Estimations & Forecasts (2021-2026)                               
      5. Y-o-Y Growth Rate Analysis                                         
      6. Market Attractiveness Index        
  7. Geographical Landscape                                                                  
    1. Compression Therapy Market, by Region                                            
    2. North America - Market Analysis (2021 to 2026)                                                      
      1. By Country                                         
        1. USA                      
        2. Canada               
  8. Key Player Analysis                                                             
    1. Medi GmbH & Co.
      1. Business Description                                      
      2. Products/Service                              
      3. Financials                             
      4. SWOT Analysis                                  
      5. Recent Developments                                    
      6. Analyst Overview                              
    2. Medtronic Plc
    3. Julius Zorn GmbH
    4. SIGVARIS
    5. Hartmann AG
    6. BSN Medical GmbH
    7. ArjoHuntleigh
    8. 3M Health Care
    9. Spectrum Healthcare
    10. Bio Compression Systems, Inc.
    11. Gottfried Medical
  9. Market Outlook & Investment Opportunities                                                          
  10. Appendix                                               
    1. List of Tables
    2. List of Figures
  • Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped.
  • Segment-level analysis in terms of product, technique, application and distribution channel along with market size forecasts and estimations to detect key areas of industry growth in detail.
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics.
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis.
  • Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development.
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment.
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies.
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions.
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market.
  1. North America Compression Therapy Market, By Product, From 2021 to 2026 (USD Billion)
  2. North America Garments Market, By Region, From 2021 to 2026 (USD Billion)
  3. North America Braces Market, By Region, From 2021 to 2026 (USD Billion)
  4. North America Pumps Market, By Region, From 2021 to 2026 (USD Billion)
  5. North America Compression Therapy Market, By Application, From 2021 to 2026 (USD Billion)
  6. North America Varicose Vein Treatments Market, By Region, From 2021 to 2026 (USD Billion)
  7. North America Deep Vein Thrombosis Treatments Market, By Region, From 2021 to 2026 (USD Billion)
  8. North America Lymphedema Treatments Market, By Region, From 2021 to 2026 (USD Billion)
  9. North America Leg Ulcer Treatments Market, By Region, From 2021 to 2026 (USD Billion)
  10. North America Others Market, By Region, From 2021 to 2026 (USD Billion)
  11. North America Compression Therapy Market, By Technique, From 2021 to 2026 (USD Billion)
  12. North America Static Market, By Region, From 2021 to 2026 (USD Billion)
  13. North America Dynamic Market, By Region, From 2021 to 2026 (USD Billion)
  14. North America Compression Therapy Market, By Distribution Channel, From 2021 to 2026 (USD Billion)
  15. North America Pharmacies & Retailers Market, By Region, From 2021 to 2026 (USD Billion)
  16. North America Hospitals & Clinics Market, By Region, From 2021 to 2026 (USD Billion)
  17. North America E-Commerce Platforms Market, By Region, From 2021 to 2026 (USD Billion)
  18. United States Compression Therapy Market, By Product, From 2021 to 2026 (USD Billion)
  19. United States Compression Therapy Market, By Application, From 2021 to 2026 (USD Billion)
  20. United States Compression Therapy Market, By Technique, From 2021 to 2026 (USD Billion)
  21. United States Compression Therapy Market, By Distribution Channel, From 2021 to 2026 (USD Billion)
  22. Canada Compression Therapy Market, By Product, From 2021 to 2026 (USD Billion)
  23. Canada Compression Therapy Market, By Application, From 2021 to 2026 (USD Billion)
  24. Canada Compression Therapy Market, By Technique, From 2021 to 2026 (USD Billion)
  25. Canada Compression Therapy Market, By Distribution Channel, From 2021 to 2026 (USD Billion)
  26. North America Compression Therapy Market, By Garments, From 2021-2026 ( USD Million )
  27. North America Stockings Market, By Region, From 2021-2026 ( USD Million )
  28. North America Bandages & Wraps Market, By Region, From 2021-2026 ( USD Million )
  29. North America Other Garments Market, By Region, From 2021-2026 ( USD Million )
  30. United States Compression Therapy Market, By Garments, From 2021-2026 ( USD Million )
  31. Canada Compression Therapy Market, By Garments, From 2021-2026 ( USD Million )

 

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