Compression Therapy Market To Reach a Value of USD 6.15 Billion by 2030 | CAGR 5.80%

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.

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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.

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.

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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.

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This release was published on openPR.