Compression Therapy Market to 2019 - Growth due to Increased Awareness in Venous Disease Management Offset by Reimbursement Issues By GBI Research

1. Compression Therapy Market to 2019 - Growth due to
Increased Awareness in Venous Disease Management Offset
by Reimbursement Issues
GBI Research
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3. The US Remains the Largest Market for Compression Therapy
In 2012, the US was the largest market for compression therapy and accounted for 49% of global market revenue. It will
remain the largest market during the forecast period, growing from a value of $1 billion in 2012 to $1.6 billion by 2019 at
a CAGR of 6%. Europe and Asia-Pacific are expected to account for slightly smaller shares by 2019 as the share of the US
increases slightly to strengthen its leading position. Inadequate reimbursement for compression therapy in the US is
however a major restraint for future growth. Medicare currently does not reimburse compression therapy products, with
the exception of some special conditions of chronic venous insufficiency such as venous ulcers, also known as stasis
ulcers. Future growth is expected to be driven by growing awareness of the importance of compression therapy in the
management and acceleration of wound healing rates. Technical advances in garments, textile technology, compression
stockings, and bandages aimed at improving patient comfort will also boost growth during the forecast period.
High Incidence of Venous Diseases in the Elderly and Diabetic Populations is Expected to Drive the Market
The high incidence of venous diseases such as Deep Venous Thrombosis (DVT) in the elderly and diabetic populations is
expected to drive the global compression therapy market. As people age they become less active and their
cardiopulmonary system slows down. This lowers the blood flow and increases the chances of developing clots in deep
veins, known as DVT. DVT usually has an incidence of one per 1,000, but its incidence rises with age. This incidence was
studied over one year in a defined population of 342,000 inhabitants in France. The annual incidence of first DVT is
estimated to be 2.3–2.9 per 1,000 in people aged 60–74 years of age, and double that in people aged 75 and above
(Oger, 2000). Elderly people who undergo surgery or stay in hospital for a long time are at significant risk of developing
DVT. This risk increases if the patient is diabetic or obese the risk increases, as both of these conditions weaken the deep
veins and reduce the blood flow.
The global diabetic population was estimated to be more than 371 million in 2012, with more than five million new
cases diagnosed in 2012. Overall expenditure on diabetes was more than $471 billion in 2012 (IDF, 2012). Compression
therapy is a form of wound care management that can help to minimize edema and improve circulation in wounds. Its
clinical benefits are making it into the preferred treatment modality, resulting in rapid adoption and driving market
growth.

4. View This Report
Executive Summary
The Global Compression Therapy Market is Forecast to Reach $XX Billion by 2019
The global compression therapy market was valued at $XX billion in 2012 and is forecast to
reach $XX billion by 2019, driven by the increasingly large patient population
The global compression therapy market was valued at $XX billion in 2012 and is forecast to
reach $XX billion by 2019 at a Compound Annual Growth Rate (CAGR) of XX%. It will be driven
primarily by the increasingly large population that is both elderly and diabetic and leading to a
high incidence of venous diseases. There is a lack of awareness among patients and physicians
about the importance of compression therapy in the management and acceleration of wound
healing. However, campaigns organized by companies and nonprofit organizations have
helped to raise awareness of the complications associated with venous diseases and the
importance of compression therapy in their management. Advances in garments, textile
technology, compression stockings, and bandages aimed at improving patient comfort are
expected to drive future growth. It is imperative that governments worldwide provide better
access to compression therapy, as it can help to significantly reduce a country’s healthcare
burden. Inadequate or a total lack of reimbursement for compression therapy, even in
developed economies such as the US and Europe, will continue to slow down demand during
the forecast period.

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