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Elderly Population Growth, Catalyst For Compression Therapy Market Expansion: A Significant Driver Propelling The Compression Therapy Market In 2025
Compression Therapy
What Is the Compression Therapy Market Size and Projected Growth Rate?
There has been a significant expansion in the size of the compression therapy market in the last few years. It is expected to escalate from $4.31 billion in 2024 to $4.68 billion in 2025 with a Compound Annual Growth Rate (CAGR) of 8.7%. The remarkable growth in the past can be connected to the aging population, heightened occurrence of chronic venous ailments, enhanced knowledge about the advantages, rising cases of diabetes, and conditions related to obesity, as well as widening indications for compression therapy use.
In the coming years, the compression therapy market is predicted to experience significant growth, with an estimated value of $6.8 billion by 2029, reflecting a compound annual growth rate (CAGR) of 9.8%. This projected increase during the forecast period is due to factors such as the escalated spending on healthcare and enhanced accessibility, larger geriatric populace, growing incidences of lymphedema along with other chronic diseases, and extended applications in the area of sports and fitness, in addition to increased utilization of compression therapy in hospitals. Key trends in the forecast period consist of the advent of wearable and smart compression devices, personalized compression therapy solutions, integration of compression therapy within the wound care management protocols, an emphasis on patient comfort, and compliance in compression therapy as well as collaboration among manufacturers and healthcare providers to boost patient outcomes.
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What Are the Major Segments in the Compression Therapy Market?
The compression therapy market covered in this report is segmented -
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
Subsegments:
1) By Compression Pumps: Sequential Compression Pumps, Non-sequential Compression Pumps
2) By Compression Stockings: Knee-High Stockings, Thigh-High Stockings, Waist-High Stockings
3) By Compression Bandages: Cohesive Bandages, Elastic Bandages
4) By Compression Tapes: Rigid Tapes, Elastic Tapes
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What Are The Driving Compression Therapy Market Evolution?
The expansion of the compression therapy market is being driven by a surge in the elderly population. Numerous countries around the world are experiencing a fast-paced growth in their aged population. This demographic is more prone to various chronic ailments. Compression therapy is an uncomplicated and effective technique to boost vein support and improve the circulation in the lower extremities. This therapy is most frequently utilized among seniors suffering from chronic venous diseases. For example, a World Health Organization (WHO) report in October 2022 projected that by 2030, one in every six individuals globally will be 60 years or older. By the year 2050, the global population of those aged 60 or more is estimated to reach 2.1 billion. Hence, the rise in the elderly population is anticipated to bolster the expansion of the compression therapy market.
Which Firms Dominate The Compression Therapy Market Segments?
Major companies operating in the compression therapy market include 3M Company, ArjoHuntleigh AB, Bio Compression Systems Inc., BSN Medical GmbH, Cardinal Health Inc., ConvaTec Inc., DJ Orthopedics Global Inc., Julius Zorn GmbH, medi GmbH & Co KG, Medtronic plc, Paul Hartmann AG, Sanyleg Srl, Sigvaris Management AG, Smith & Nephew plc, Tactile Systems Technology Inc., Thuasne SA, Bauerfeind AG, Essity AB, Kinetec SAS, Lympha Press International Inc., Medi USA, Optima Molliter Srl
What Trends Are Expected to Dominate the Compression Therapy Market in the Next 5 Years?
Leading firms in the compression therapy market are innovating with products like wearable compression systems to cater to a broader customer range, boost sales, and escalate revenue. Wearable compression systems are medical apparatus designed to deliver either continuous or intermittent compression therapy to specific body parts, generally the limbs. For example, in April 2022, Koya Medical Inc., a US-based healthcare technology firm, unveiled the Dayspring active compression system. This system focuses on addressing lymphedema and venous conditions in the lower limbs. According to Koya, the Dayspring system is the first-of-its-kind FDA-sanctioned non-pneumatic active dynamic compression treatment. The system incorporates a breathable, comfortable mesh garment, utilizing the company's unique Flexframe technology, enabling controlled, personalized compression while facilitating natural movement. Moreover, it includes a smart, rechargeable controller that has Bluetooth features, enhanced by corresponding software for customizing treatments and evaluating treatment history.
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Which Is The Largest Region In The Compression Therapy Market?
North America was the largest region in the compression therapy market in 2024. Europe was the second-largest market in the compression therapy market. The regions covered in the compression therapy market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Compression Therapy Market?
2. What is the CAGR expected in the Compression Therapy Market?
3. What Are the Key Innovations Transforming the Compression Therapy Industry?
4. Which Region Is Leading the Compression Therapy Market?
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