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 was valued at USD 4.01 billion in 2023 and is projected to grow to USD 5.78 billion by 2032, experiencing a steady compound annual growth rate (CAGR) of 4.15% during the forecast period from 2024 to 2032. This growth is driven by increasing prevalence of chronic venous diseases and lymphedema, rising adoption of compression therapy in wound management, and advancements in compression garment technologies. North America currently leads the market, supported by high healthcare spending and favorable reimbursement policies, while Asia-Pacific is expected to witness rapid growth due to improving healthcare infrastructure and rising awareness about venous diseases.

Get Free Sample Copy of Report: https://www.snsinsider.com/sample-request/3491

Key market players profiled in the report include:

•         Bio Compression Systems Inc.
•         Cardinal Health
•         Hartmann AG
•         Julius Zorn GmbH
•         SIGVARIS
•         Medi GmbH & Co.
•         ArjoHuntleigh
•         BSN Medical GmbH
•         Spectrum Healthcare
•         3M Health Care

Key Segments Covered in Compression Therapy Market:

By Technique

•         Dynamic Compression Therapy
•         Static Compression Therapy

By Application

•         Deep Vein Thrombosis Treatment
•         Varicose Vein Treatment
•         Leg Ulcer Treatment
•         Lymphedema Treatment
•         Other Applications

By Distribution Channel

•         Retail pharmacies
•         Hospital pharmacies
•         E-commerce
•         Others

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

•         The report clarifies that the rise in venous insufficiency, lymphedema, and DVT is a key factor propelling the market. Compression garments improve blood flow and minimize swelling in these conditions.
•         The report acknowledges the role of compression therapy in post-surgical rehabilitation for procedures like joint replacements. This dependence on therapy for faster recovery fuels market growth.
•         The report emphasizes obesity as a risk factor for venous insufficiency, leading to a rise in compression garment demand for managing circulation issues.
•         The report offers insights into regional dominance, with North America leading due to advancements and a high prevalence of conditions like diabetes and obesity. Additionally, the report acknowledges the growth potential in Asia Pacific due to rising awareness and an aging population.

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

Laser Hair Removal Market

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,

info@snsinsider.com,

Phone: +1-415-230-0044 (US) | +91-7798602273 (IND),

Website: https://www.snsinsider.com/