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The compression therapy market is forecasted to achieve significant growth in the coming few years with a forecast CAGR (compound annual growth rate) of more than 5%, as per The Business Research Company’s market report!

Read More On The Compression Therapy Market Report 2022 – https://www.thebusinessresearchcompany.com/report/compression-therapy-global-market-report

The Compression Therapy Market Size In 2022 And Forecast

The global compression therapy market is expected to grow from $3.23 billion in 2020 to $3.44 billion in 2021 at a compound annual growth rate (CAGR) of 6.3%. 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, affecting many markets across the globe. The compression therapy market is expected to reach $4.28 billion in 2025 at a CAGR of 5.6%.

The compression therapy market consists of sales of compression therapy products and related services by entities (organizations, sole traders, and partnerships) that are engaged in the manufacturing of compression therapy products.

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Rise In The Geriatric Population Is Driving The Growth Of The Compression Therapy Market

In the USA, 85% of adults aged 65 and over suffer from at least one chronic illness. Also, 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.

Competitive Landscape And The Regional Analysis Of The Compression Therapy Market

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. and ArjoHuntleigh.

The Compression Therapy Global Market Report 2022 covers regional data on key drivers, opportunities, and strategies for the seven major regions of the world that are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. 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. The report includes market size and forecast market shares for all the regions and countries with respect to the major players of the compression therapy market.

Launching Of New Compression Therapy Systems – A Key Trend In The Compression Therapy Market

Players in the compression therapy market are increasingly focusing on the launching of new compression therapy systems.

Compression Therapy Market Segmentation By The Business Research Company

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, Others

Here Are Some Reports Related To The Compression Therapy Market –

Coronavirus (COVID-19) Current Therapy Global Market Report 2022

Plasma Therapy Global Market Report 2022

Compression Wear And Shapewear Global Market Report 2022

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