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The global compression therapy market size reached a value of around USD 3.69 billion in 2023. The market is further expected to grow at a CAGR of 5.4% during the forecast period of 2024-2032, likely to attain a value of around USD 5.94 billion by 2032.
Compression therapy is an ancient therapy which is done using compression socks, bandages, boots, and stockings, among others, to apply a gentle pressure on the legs. The method is still quite popular as modern science continues to discover its benefits in the treatment and recovery of injuries. Compression therapy is used to increase the blood flow to different parts of the body, which enhances circulation and reduces swelling. Consistency is extremely important to get the optimum results from this therapy. The therapy can either be used alone or in combination with other treatments.
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The therapy offers extensive benefits such as enhanced blood flow, reduced swelling, reduced symptoms of orthostatic hypotension, prevention and treatment of varicose veins, reduced risk of blood clots, and faster healing of ulcers, among others. The most common conditions where compression therapy is used include chronic venous insufficiency (CVI), oedema, deep vein thrombosis (DVT), and leg ulcers, among others.
The growth of the market is primarily being driven by the rising prevalence of diseases and conditions like oedema, deep vein thrombosis (DVT), chronic venous insufficiency (CVI), and leg ulcers, among others.
Based on type, the market is divided into technology, application, products, and region.
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Market Breakup by Technology
Market Breakup by Application
Market Breakup by Products
Compression Therapy Market Breakup by Region
The growth of the global market can be attributed to the rising cases of sports injuries and accidents across the globe. The rising competition amongst key players and the increasing product portfolio is aiding the growth of the market. The rising adoption of compression therapy by the healthcare organisations with the developing healthcare infrastructure is propelling the growth of the market.
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The rising patient population and the per capita healthcare expenditure across the globe is providing further impetus to the growth of the market, especially in North America and Asia Pacific.
Among the products, compression bandages account for the largest shares of the market and are likely to continue leading the global market in the coming years as well. Rising prevalence of diseases like diabetes, foot ulcers, swelling, oedema, and varicose veins, among others.
The comprehensive EMR report provides an in-depth assessment of the market based on Porter's five forces model, along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global compression therapy market, covering their competitive landscape and the latest developments like mergers, acquisitions, investments, and expansion plans.
The key features of the market report include patent analysis, grants analysis, clinical trials analysis, funding and investment analysis, partnerships, and collaborations analysis by the leading key players.
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2017-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Technology |
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| Breakup by Application |
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| Breakup by Products |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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The market attained a value of USD 3.69 billion in 2023, driven by the rising cases of neurovascular diseases across the globe.
The market is anticipated to grow at a CAGR of 5.4% during the forecast period of 2024-2032 to attain a value of around USD 5.94 billion by 2032.
The growth of the market is driven by factors like rising awareness about the benefits of the therapy, rising healthcare facilities, and the rising prevalence of diseases like diabetes and foot ulcer.
The rising investment in advanced therapies and devices by healthcare organisations and government act like key trends for the global market.
The key technologies in the market include static and dynamic compression therapy.
The therapy finds wide applications in venous leg ulcers, deep vein thrombosis treatment, and lymphedema treatment, among others.
The products included in the market are compression garments, compression pumps, and compression braces.
The major regional markets include North America, Europe, Asia Pacific, Latin America, Middle East and Africa.
The key players in the market can be categorised into Johnson & Johnson, Medtronic Plc, Stryker Corporation, Terumo Corporation, ASAHI INTECC CO., Penumbra, Acandis GmbH, Braun Melsungen AG, Integer Holdings Corporation, Microport Scientific CorporatiON, and PHENOX GmbH.
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Australia
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+61-448-061-727
India
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+91-858-608-1494
Philippines
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+63-287-899-028, +63-967-048-3306
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+44-753-713-2163
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+1-415-325-5166
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124
United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124
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