The Compression Therapy by The Business Research Company provides market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2024-2033).
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In recent years, the Compression Therapy market, as detailed by The Business Research Company, has exhibited robust growth, ascending from $4 billion in 2024 to a projected $4.36 billion in 2024, reflecting a notable Compound Annual Growth Rate (CAGR) of 8.9%. This surge during the historical period is attributed to factors such as an aging population, increased prevalence of chronic venous diseases, heightened awareness of therapy benefits, and the escalating incidence of diabetes and obesity-related conditions, alongside an expanded scope of indications for compression therapy.
Anticipating continued momentum, the Compression Therapy market is poised for substantial expansion, forecasted to reach $6.21 billion in 2028, with a CAGR of 9.2%. The anticipated growth stems from amplified healthcare spending and improved accessibility, an aging demographic, a surge in lymphedema and chronic conditions, augmented applications in sports and fitness, and increased adoption of compression therapy in hospital settings.
The rise in the geriatric population is contributing to the growth of the compression therapy market. The share of the aged population in many countries across the globe is rapidly growing. The old population is vulnerable to different chronic diseases. Compression therapy is a simple and efficient way to enhance vein support and increase blood flow efficiency in the lower limbs. Compression therapy is most commonly used in the elderly population with chronic venous illness. For instance, in October 2022, according to a report published by the World Health Organization (WHO), a Switzerland-based agency responsible for international public health, one in six people is expected to be 60 or older by the year 2030, in the entire world. By 2050, there will be 2.1 billion people worldwide who are 60 years old or older. Therefore, the increasing geriatric population is expected to aid the growth of the compression therapy market.
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The compression therapy market covered in this report is segmented –
1) By Product: Compression Pumps, Compression Stockings, Compression Bandages, Compression Tapes
2) By Technique: Static Compression Therapy, Dynamic Compression Therapy
3) By Application: Varicose Vein Treatment, Deep Vein Thrombosis Treatment, Lymphedema Treatment, Leg Ulcer Treatment, Other Applications
Noteworthy trends in this forecast period encompass the evolution of wearable and smart compression devices, customized therapy solutions, integration with wound care management, and an emphasis on patient comfort and compliance, fostering collaborations between manufacturers and healthcare providers for enhanced patient outcomes.
Prominent players in the Compression Therapy market are innovating with products such as wearable compression systems to broaden their customer base, augment sales, and boost revenue. Koya Medical Inc., a leading U.S.-based medical technology company, exemplifies this trend with its April 2022 launch of the Dayspring active compression system. Distinguishing itself from conventional pneumatic pumps, Dayspring accommodates the body's movements during treatment, allowing individuals to maintain their daily activities. Addressing lymphedema and venous diseases in the lower extremities, the Dayspring system pioneers FDA-approved non-pneumatic active dynamic compression treatment. Its design incorporates a comfortable, breathable mesh garment with proprietary Flexframe technology, delivering controlled and personalized compression while facilitating natural mobility. The system features an intelligent, rechargeable controller with Bluetooth capabilities and companion software for tailored treatments and comprehensive assessment of treatment records.
The compression therapy market report table of contents includes:
1. Executive Summary
2. Compression Therapy Market Characteristics
3. Compression Therapy Market Trends And Strategies
4. Compression Therapy Market - Macro Economic Scenario
5. Global Compression Therapy Market Size and Growth
....
31. Global Compression Therapy Market Competitive Benchmarking
32. Global Compression Therapy Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Compression Therapy Market
34. Compression Therapy Market Future Outlook and Potential Analysis
35. Appendix
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