- Medi GmbH & Co.
- Paul Hartmann AG
- Julius Zorn GmbH
- ArjoHuntleigh
- Sigvaris
- Medtronic Plc
- BSN Medical GmbH.
- DJO Global, Inc.
- Tactile Medical
- Sanyleg S.r.l.
- 3M Company
- ConvaTec Inc.
(Note: The list of the major players will be updated with the latest market scenario and trends)
Recent developments by key players in Compression Therapy Market:
In February 2022, Koya Medical received USD 26 million in Series B investment to develop a variety of active compression therapy for lymphedema and venous diseases.
In February 2022, Recovery Air pneumatic compression boots, the second generation from Therabody, were introduced with advanced technology.
The compression therapy market has been growing steadily over the past decade, driven by several key factors. The primary factor driving this expansion is the increasing prevalence of persistent medical conditions, such as lymphedema, venous leg ulcers, and deep vein thrombosis, which require long-term management and often involve the use of compression garments. Another factor driving the growth of the compression therapy market is the increasing awareness of the benefits of compression therapy among healthcare professionals and patients alike. As more study is conducted on the effectiveness of compression therapy, its use is becoming more widespread, leading to increased demand for these products. The compression therapy market is highly competitive due to the multitude of companies that provide a wide range of products, including compression stockings, sleeves, gloves, and bandages. Manufacturers consistently allocate resources towards research and development in pursuit of producing superior products that provide enhanced comfort, usability, and superior therapeutic outcomes.
One of the challenges facing the compression therapy market is the lack of reimbursement for many of these products, particularly in the United States. The cost of these products can be a challenge for patients, which may hinder the growth of the market in certain areas. However, as the demand for compression therapy continues to grow, there is an increasing focus on cost-effective solutions, such as portable pneumatic compression devices, which can be used at home and are more affordable than traditional compression garments.
Overall, the outlook for the compression therapy market remains positive, with continued growth expected in the coming years. Increasing awareness of the benefits of compression therapy, advances in technology, and the development of cost-effective solutions are all expected to drive growth in this market, despite the challenges it faces.