© Copyright khedmeh Wall
The SNS Insider report estimates the Compression Therapy Market size at USD 4.01 billion in 2023, with a projected CAGR of 4.15% to reach USD 5.78 billion by 2032.
The Compression Therapy Market, valued at USD 4.01 billion in 2023, is expected to witness steady growth, reaching USD 5.78 billion by 2032 with a compound annual growth rate (CAGR) of 4.15% during the forecast period from 2024 to 2032. This growth trajectory is driven by the increasing prevalence of chronic venous diseases, lymphedema, and other vascular conditions worldwide. Compression therapy, involving the application of pressure through garments and devices to improve blood circulation and manage swelling, is gaining prominence due to advancements in material science and increasing adoption across healthcare settings.
North America currently holds a significant share of the market, driven by a well-established healthcare infrastructure, high incidence rates of venous disorders, and robust reimbursement policies. Moreover, the region's proactive approach toward healthcare innovation and technology adoption further fuels market expansion. In contrast, Asia-Pacific is poised to exhibit rapid growth during the forecast period, propelled by expanding healthcare access, rising disposable incomes, and growing awareness about effective disease management practices. Increasing investments in healthcare infrastructure and the adoption of advanced medical technologies contribute to the region's burgeoning market potential for compression therapy solutions.
As the global population continues to age and lifestyles evolve, the demand for effective treatments for venous disorders and related conditions is expected to drive ongoing innovation in compression therapy products. Manufacturers are focusing on developing comfortable, durable, and technologically advanced compression garments and devices to meet the evolving needs of healthcare providers and patients worldwide.
Get Free Sample Copy of Report: https://www.snsinsider.com/sample-request/3491
Key market players profiled in the report include:
Key Segments Covered in Compression Therapy Market:
By Technique
By Application
By Distribution Channel
Segment Analysis
By Technique, Static Compression Therapy dominated the segment of compression therapy market with more than 68.35% of market share in 2023, due to it is convenient and effective treatment for conditions like varicose veins, blood clots (DVT), and lymphedema.
By Distribution Channel, Hospital pharmacies dominated the segment of compression therapy market with more than 59.70% of market share in 2023, due to the increased hospitalizations and rising preference for compression therapy in the hospitals are drive the market segment. This is further driven by hospitals' access to advanced compression products, skilled medical staff, and favourable insurance coverage for this treatment.
Recent Developments
June 2023, Medi GmbH & Co. launched new compression products. These offerings have both circular and flat-knit varieties, providing more options for healthcare professionals and patients.
October 2023, MediWound announced a collaboration with 3M Health Care. This partnership will support the Phase III clinical trial for EscharEx, a product aimed at improving wound healing.
September 2023, Tactile Medical secured a patent for a novel compression garment system. This innovative design utilizes adjustable pressure to help manage fluids within the body.
Regional Analysis
North America dominated the compression therapy market with approximately more than 41.68% of market share in 2023. Due to the advancements in materials and design which makes the compression therapy more comfortable and effective, that leads to increase in the patient compliance. The rising cases of conditions like diabetes and obesity, that rises the circulation problems, and increases the demand for compression therapy. In the United States, many people are suffering from varicose veins and chronic venous disease, which rises the need for effective management solutions like compression therapy.
An aging population and increasing healthcare advancements are rising the compression therapy adoption in Europe. In Europe advanced infrastructure is also developed which further rises the growth of the compression therapy market in this region.
The Asia Pacific region is growing region due to factors like, rising cases of chronic diseases like venous disorders and lymphedema. Rise in awareness about compression therapy benefits. An aging population required solutions to manage chronic conditions. Innovation plays an important role, with advancements in materials and garment design making compression therapy more user-friendly, which rises the growth of the compression therapy market in the world.
Key Takeaways
Make Enquiry About Compression Therapy Market Report: https://www.snsinsider.com/enquiry/3491
Table of Content
Chapter 1 Introduction
Chapter 2 Research Methodology
Chapter 3 Compression Therapy Market Dynamics
Chapter 4 Impact Analysis (COVID-19, Ukraine- Russia war, Ongoing Recession on Major Economies)
Chapter 5 Value Chain Analysis
Chapter 6 Porter’s 5 forces model
Chapter 7 PEST Analysis
Chapter 8 Compression Therapy Market Segmentation, By Technique
Chapter 9 Compression Therapy Market Segmentation, By Application
Chapter 10 Compression Therapy Market Segmentation, By Distribution Channel
Chapter 11 Compression Therapy Market - Regional Analysis
Chapter 12 Company profile
Chapter 13 Competitive Landscape
Chapter 14 Use Case and Best Practices
Chapter 15 Conclusion
Access This Full Report with Charts And Graphs @ https://www.snsinsider.com/reports/compression-therapy-market-3491
Other Related Report
Atrial Fibrillation Devices Market Share
Artificial Hip Joint Market Size
Atrial Fibrillation Devices Market Share
About US:
SNS Insider has been a leader in data and analytics globally with its authentic consumer and market insights. The trust of our clients and business partners has always been at the center of who we are as a company. We are a business that leads the industry in innovation, and to support the success of our clients, our highly skilled engineers, consultants, and data scientists have consistently pushed the limits of the industry with innovative methodology and measuring technologies.
We assist our clients to anticipate industrial, economic, and consumer trends to drive disruptive change by fusing global experience with local information from experts throughout the world. We bring context to strategic and tactical data by bridging approaches based on data science and field research, assisting you in addressing your most pressing problems and spotting possibilities.
Contact Us:
Akash Anand – Head of Business Development & Strategy,
Phone: +1-415-230-0044 (US) | +91-7798602273 (IND),
Website: https://www.snsinsider.com/
The Wall