The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company’s compression therapy market report forecasts the compression therapy market size to grow to $5.06 Billion by 2027, with a CAGR (compound annual growth rate) of more than 6%.

Learn More On The Compression Therapy Market Report 2023 – https://www.thebusinessresearchcompany.com/report/compression-therapy-global-market-report

Compression Therapy Market Size Forecast
The global compression therapy market is expected to grow from $3.66 billion in 2022 to $3.9 billion in 2023 at a compound annual growth rate (CAGR) of 6.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The compression therapy market size is expected to grow to $5.06 billion in 2027 at a CAGR of 6.8%.

North America held the largest compression therapy market share.

Key Compression Therapy Market Driver ­– Rise In The Geriatric Population
For instance, in June 2020, according to a study by the United Nations, the total number of people age 80 years and above is expected to increase from 143 million in 2019 to over 426 million in 2050. Therefore, the increasing geriatric population is expected to aid the growth of the compression therapy market.

Request for A Sample Of The Global Compression Therapy Market Report:
https://www.thebusinessresearchcompany.com/sample.aspx?id=5238&type=smp

Key Compression Therapy Market Trend – launching of new compression therapy systems
Players in the compression therapy market are increasingly focusing on the launching of new compression therapy systems. For instance, in 2020, AIROS Medical, Inc., a US-based medical equipment player launched AIROS 6 Sequential Compression Therapy device and Arm Plus garments to treat patients with breast cancer. AIROS 6 device and Arm Plus garment will contract upper extremity post-mastectomy medication alternatives for patients with Lymphedema. The AIROS 6 utilizes pneumatic air compression to aerate accessory garments worn on the simulated area of the body. The aeration and contraction sequences, delivered at the pressure and time destined by a physician or lymphedema therapist, move the lymphatic fluid in the precise physiological direction.

Compression Therapy Market Segment
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

Compression Therapy Market Major Players and Strategies
Major players in the compression therapy market are 3M Health Care, ArjoHuntleigh, BSN Medical, Medi GmbH & Co KG, PAUL HARTMANN AG, SIGVARIS MANAGEMENT AG, Tactile Medical, DJO Global Inc., ConvaTec Inc., ArjoHuntleigh, Julius Zorn GmbH, Bio Compression Systems Inc., Medtronic PLC., Smith & Nephew PLC, COVIDien plc, Sanyleg S.r.l., Cardinal Health Inc., and Thuasne SA.

In November 2020, Therabody, Inc., a US-based wellness technology company, acquired RP Sports for an undisclosed amount. Through this acquisition, Therabody will increase its RecoveryPump’s clinical pneumatic compression technology, make it available to the general public through its recovery and whole-body wellness solutions, and increase its medical-grade compression device product portfolio. RP Sports is a US-based healthcare company pioneering in pneumatic compression therapy used for the treatment of arterial and venous disease, lymphedema, and other circulatory problems like diabetes.

The Compression Therapy Global Market Report 2023 covers regional data on compression therapy market size, compression therapy market trends and drivers, opportunities, strategies, and compression therapy market competitor analysis. The countries covered in the compression therapy market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

Compression therapy refers to a treatment that promotes better blood flow to the foot, ankles, and lower legs. It works well to relieve discomfort and swelling brought on by circulatory disorders like chronic venous insufficiency and varicose veins.

View More Reports Related To The Compression Therapy Market –
Compression Wear And Shapewear Global Market Report 2023
Drugs For Immunotherapy Global Market Report 2023
Drugs For Hormonal Replacement Therapy Global Market Report 2023

Contact us at:
The Business Research Company: https://www.thebusinessresearchcompany.com/
Americas +1 3156230293
Asia +44 2071930708
Europe +44 2071930708
Email us at [email protected]

Follow us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model

Found this article helpful? Share it on: