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The global compression therapy market is on an upward trajectory, poised for substantial growth from $3.66 billion in 2022 to $3.9 billion in 2023, with a compound annual growth rate (CAGR) of 6.5%. Looking ahead, the market is projected to surge to $5.06 billion in 2027, boasting a robust CAGR of 6.8%. Let’s delve into the key drivers, major players, and emerging trends shaping this thriving market.

Rising Geriatric Population: Catalyst for Growth

1. Impact of Aging Demographics:
   • The global share of elderly populations is increasing, particularly vulnerable to chronic diseases.
   • Compression therapy serves as an effective solution to enhance vein support and optimize blood flow, especially in the lower limbs.
2. Prevalence of Chronic Venous Illness:
   • Elderly populations commonly utilize compression therapy for chronic venous illnesses.
   • A UN study predicts that the population aged 80 years and above will soar from 143 million in 2019 to over 426 million in 2050.
3. Market Boost from Aging Demographics:
   • The growth in the geriatric population is expected to be a significant driver for the compression therapy market.
   • Compression therapy addresses the unique health needs of the elderly, fostering market expansion.

Major Players Charting the Course

1. Key Players in the Compression Therapy Market:
   • 3M Health Care
   • ArjoHuntleigh
   • BSN Medical
   • Medi GmbH & Co KG
   • PAUL HARTMANN AG
   • SIGVARIS MANAGEMENT AG
   • Tactile Medical
   • DJO Global Inc.
   • ConvaTec Inc.
   • Julius Zorn GmbH
   • Bio Compression Systems Inc.
   • Medtronic PLC.
   • Smith & Nephew PLC
   • COVIDien plc
   • Sanyleg S.r.l.
   • Cardinal Health Inc.
   • Thuasne SA.

Innovations Driving Market Growth

1. Focus on New Compression Therapy Systems:
   • Companies are concentrating on the development and launch of innovative compression therapy systems.
   • AIROS Medical, Inc. launched the AIROS 6 Sequential Compression Therapy device and Arm Plus garments in 2020.
2. Application in Breast Cancer Treatment:
   • AIROS 6 device and Arm Plus garments cater to breast cancer patients, aiding upper extremity post-mastectomy medication alternatives for those with Lymphedema.
   • Pneumatic air compression facilitates aeration and contraction sequences, moving lymphatic fluid in a physiological direction.

Market Segmentation for Precision

1. Market Segmentation:
   • By Product:
     • Compression Pumps
     • Compression Stockings
     • Compression Bandages
     • Compression Tapes
   • By Technique:
     • Static Compression Therapy
     • Dynamic Compression Therapy
   • By Application:
     • Varicose Vein Treatment
     • Deep Vein Thrombosis Treatment
     • Lymphedema Treatment
     • Leg Ulcer Treatment
     • Other Applications

Regional Dynamics: North America Leading the Way

1. North America’s Dominance:
   • In 2022, North America held the largest share in the compression therapy market.
   • The region exhibits a mature market with established practices and high adoption rates.

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The Compression Therapy Global Market Report 2023  provides a comprehensive overview on the compression therapy market size, trends and drivers, opportunities, strategies, and companies analysis. Through our reports businesses can effectively analyze data and frame well-informed strategies

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