The Compression Therapy market was $3.1 Billion in 2020, and it is highly expected to reach $5.8 Billion by 2030. It is eventually growing at a commendable high compound annual growth rate CAGR of 6.5% between 2020-2030. The current pandemic of COVID-19 might make a slight difference in the growth rate. However, the higher amount of patient population of the global industry itself expected to boost the high demand in terms of improving the technology and therapy. The growing population of incidents of sports injuries and accident is eventually playing a significant role in the market itself. Apart from that, the high rise of new treatment that is innovating every day is further estimated to make a lot of growth for the market over the forecast period of 2020-2030.
Global Compression Therapy Segment Is Estimated To Witness Remarkable Growth
Source: SAI Research
The Compression Therapy have been segmented based on application, products, compression pipes, and many others. The competition is becoming high, and it is getting tough to challenge the Compression Therapy market in terms of the advancement in compression garments that too in a wide range of indications such as edema, veins, DVT, lymphedema, and other chronic conditions. According to the past analyzation also the future predicting, this market will gain enough profit because of the lymphedema treatment and the higher rate it is basically growing. Hence, people are moving towards new technology-based treatments. All of these factors will be increasing the growth at any stage, and the demand for this will never stop. And this market is to reach the ultimate goal during the forecast period.
North America Is Holding The Market Share By Region
Global Compression Therapy market has been geographically segmented into Europe, Asia Pacific, Latin America, and the Middle East region. However, the largest share of the market is held by North America and Europe. The reasons can be many, but one of the reasons would always be attributed to the usage. Asia-Pacific region is estimated to have a slow but promising growth over the projection period. Latin America and the Middle East are estimated to witness steady growth during the period owing to the rise of new treatment. Hence, all of these will fuel in the growth during 2020-2030.
Major Players In Compression Therapy Market
Key players profiled in the report include DJO Global, Inc, BSN medical, Medi GmbH & Co. KG, Tactile Medical, SIGVARIS, Sanyleg S.r.l., 3M Company, ConvaTec Inc., ArjoHuntleigh, others.
The Global Compression Therapy Market Has Been Segmented into:
Global Compression Therapy Market, By Technique
Global Compression Therapy Market, By Product
Global Compression Therapy Market, By Application
Global Compression Therapy Market: By Region