The total size of the compression therapy market was USD 3.92 billion in the year 2022, and it will power at a rate of 5.80% in the years to come, to touch USD 6.15 billion by 2030.

The growth of the market is a result of an increase in patients suffering from lymphedema, diabetes, DVTs, and varicose veins. For example, as per the Chicago Vein Institute, about half of the population of the U.S., which is over 50 years old is suffering from varicose veins.

Compression garments dominated the industry, and their sales will increase at a rate of 6.6% by the end of this decade, as stated by P&S Intelligence, a market research institution. This has a lot to do with the extensive applications of these products for patients, who have lymphedema, deep vein thrombosis, varicose veins, and hypotension.

Compression garments are specific clothes made of elastomeric fibers and yarns worn to apply significant mechanical pressure to explicit body zones, for compressing, supporting, and stabilizing the underlying tissues. They have observed wide-ranging research for usableness in sports, medicine, and body shaping.

Static compression had the largest share of about 66%, in 2022. This is because of its high convenience and user-friendliness in the treating chronic venous insufficiency, edema, and chronic pain.

Furthermore, with time, people have become conscious of this non-invasive method, thus driving its adoption. Additionally, in emerging countries, funding is provided for improving the outcomes for people, succumbed to chronic conditions.

Dynamic compression therapy will observe a faster growth in the industry, with a rate of 6.2%. This is because to the recent approvals for the product commercialization, helping in the deployment of this technique.

Compression therapy is extensively used for lymphedema, which causes swollen limbs or other body parts as its main symptom. Compression treatment decreases the swelling triggered by the buildup of the lymphatic fluid by putting firm and even pressure on the swollen area.

North America led the way for the compression therapy market, with approximately 44% share, in 2022, and it will grow considerably in the years to come. This is mainly because of the surge in the consciousness of conditions requiring compression therapy, increase in the count of orthopedic surgeries, and good presence of the manufacturers of compression therapy products.

Apart from this, the increasing count of road accidents will bring about an increasing acceptance of compression therapy for the injury healing.

A rise in elderly population, has a lot to do with the increasing demand for compression, therapy procedures, and this continue to grow at a rapid rate, in the years to come.


SOURCE: P&S Intelligence