Compression Therapy Industry was Dominated by the Compression Garments

The compression therapy market will grow at a rate of 5.80% by the end of this decade to touch USD 6.15 billion by 2030. It will be because of a rise in the count of patients suffering from lymphedema, diabetes, DVTs, and varicose veins. 

For example, approximately 50% of the U.S. population, which is over 50 years old is have varicose veins, as per the Chicago Vein Institute.

Compression garments dominated the industry in the past, and their sales will increase at a rate of 6.6% in the years to come. This has a lot to do with the variety of applications of these products for patients, who are suffering from numerous ailments, for example lymphedema, thrombosis, varicose veins, deep vein, and hypotension. 

These are specific clothes made of elastomeric yarns and fibers worn to exert substantial mechanical pressure for precise body zones, for compression, support, and steady the underlying tissues. They have undergone a lot of research for usableness in sports, medicine, and body shaping domains.

Static compression therapy led the industry, with an approximately 66% share, in 2022. This is because to its high suitability and user-friendliness in treating chronic venous insufficiency, edema, and chronic pain.

Furthermore, with time, there is an awareness of this this non-invasive procedure, thus driving its acceptance. Furthermore, in developing economies, funding is for enhancing the results for people who have fallen prey to chronic conditions.

Dynamic compression therapy will be a faster-growing in terms of revenue in the compression therapy market, with a rate of 6.2%. This has a lot to do with the recent endorsements for the commercialization of products helping in the deployment of this technique. 

North America led the industry, with a share of approximately 44%, in 2022, and it will grow at considerable rate in the years to come. This is because of the surge in the consciousness of conditions requiring compression therapy, increase in the orthopedic surgeries, and robust presence of the producers of compression therapy products in the continent.

Moreover, the increasing count of road accidents will bring about the growing acceptance of compression therapy for healing of the injuries.

The U.S. is among the busiest nations with regards to road traffic, with closely 284 million vehicles hustling on the roads. Dense traffic is a major cause of road accidents in the nation. According to the National Highway Traffic Safety Administration approximately 20,175 individuals died in motor vehicle crashes in 2022, a surge of about 0.5% from 2021, which saw 20,070 fatalities as a result of MVAs.

Because of the rise in elderly population all over the world, the requirement for compression therapy procedures will continue to increase in the years to come.