(PharmaNewsWire.Com, September 21, 2022 ) The global compression therapy market size was valued at USD 2.53 billion in 2021 and is expected to grow at a CAGR of 5.7% during the forecast period of 2022 to 2028. Utilizing specifically designed medical stockings for compression therapy supports veins and enhances blood flow in the legs. These are given out by medical professionals, who then evaluate the affected leg to ensure that the stockings are having the most therapeutic effect possible.
The rate of adoption of compression therapy is increasing as a result of the increase in orthopedic surgeries. Patients with vascular disorders and lifestyle-related illnesses like obesity, diabetes, lymphedema, DVT, as well as varicose veins are the main users of compression therapy products. Due to the growing senior population's high propensity for chronic venous diseases, this age group is recognized as a market driver for compression therapy. These elements influence patient demand for and uptake of various therapeutic modalities, including compression therapy.
• Over the course of the forecast period, the market is anticipated to rise as a result of the increasing introduction of compression therapy devices.
• Compression treatment garments will become more widely used as a result of increased initiatives from leading market players to incorporate the newest technologies, fueling the expansion of this segment of the market.
The global compression therapy market on the basis of Technology, market is categorized into Dynamic Compression Therapy and Static Compression Therapy. On the basis of Product, the market is divided into Compression Stockings, Compression Bandages & Wraps, Compression Garments, Compression Pumps, and Compression Braces. On the basis of Application, the market is segregated into Deep Vein Thrombosis Treatment, Venous Leg Ulcers, Lymphedema Treatment, Leg Ulcer Treatment, and Other Applications.
The market for compression therapy is dominated by North America because of the rising elderly population. The proportion reached by this region over the previous years is due to the high prevalence of chronic venous diseases and obesity. In this region, sound government reimbursement programs and rising healthcare awareness are also important growth-contributing elements.
The major players operating in the compression therapy market are 3M Company, ArjoHuntleigh, Bio Compression Systems, ConvaTec, DJO Global Inc, Medi GmbH & Co. KG, Medtronic PLC, Paul Hartmann AG ,SIGVARIS, Smith & Nephew PL, Tactile Medical, Smith & Nephew PLC.
Static Compression Therapy Market: By Product (Compression Bandages Compression Garments, Upper Garments, Lower Garments ) and End User (Hospitals, Hone care, Ambulatory Care Centers) By Geography
Compression Stockings Market By Product Type (Thigh High, Knee High, Pantyhose/Maternity, and Waist Attachment), By Application (Ambulatory Patients, Post-Operative Patients, and Pregnant Women), and Geography
Radial Compression Devices Market: By Product Type (Band/Strap Based, Knob Based, Plate Based By Technology, Disposable, Reusable), By Application (Diagnostic, Surgical Intervention), By End User (Hospitals, Cardiac Care Centers, Ambulatory Surgical Centers), and Geography
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