Increasing Aging Population and Rising Prevalence of Chronic Conditions to Drive World Compression Therapy Market to Reach $5.6 billion by 2030
A new report from Industry Experts Inc, on "Compression Therapy," reveals that the global compression therapy market is estimated to be valued at $4.1 billion in 2024 and is projected to grow to $5.6 billion by 2030, with a CAGR of 5.6% during the analysis period 2024-2030.
The compression therapy market is driven by the increasing aging population and the rising prevalence of chronic conditions such as venous diseases, lymphedema, and deep vein thrombosis (DVT). Older individuals are particularly at risk for these conditions and often require compression therapy to enhance blood circulation and prevent complications. Additionally, innovations in compression technology, such as multi-component systems, have contributed to the market's expansion.
Static compression therapy is the largest segment of the compression therapy market, accounting for 67.2% of the share in 2024, due to its ease of use, affordability, and effectiveness in treating conditions such as varicose veins, deep vein thrombosis (DVT), and lymphedema. This technique uses compression garments, like stockings and wraps, to provide consistent pressure that improves blood circulation and reduces swelling. The rising prevalence of chronic venous diseases and sports-related injuries further boosts market demand for static compression therapy, particularly among the aging population.
The global market for compression therapy is analyzed in this report, covering the major regions including North America (The United States, Canada, and Mexico), Europe (Germany, France, United Kingdom, Italy, Spain, and Rest of Europe), Asia-Pacific (Japan, China, India, South Korea, and Rest of Asia-Pacific), South America (Brazil, Argentina, and Rest of South America) and Rest of World.
Compression therapy market studied in this report with respect to Technology – Static Compression Therapy and Dynamic Compression Therapy; Product – Compression Garments, Compression Bandages, Compression Braces, Compression Pumps and Others (Including Compression Tapes, and Compression Wraps); Application - Varicose Veins, Lymphedema, Deep Vein Thrombosis (DVT), Venous Leg Ulcers and Other Applications (Including Wound Care, Sports Injury, and Post-surgical Recovery); and End-User – Hospitals, Specialty Clinics, Home Care Settings and Ambulatory Surgical Centers (ASCs).
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