Compression therapy market is undergoing tremendous growth owing to the rising awareness regarding lymphedema, deep vein thrombosis, and chronic venous insufficiency conditions. Compression therapy aids in preventing and managing such conditions by applying graduated external pressure on limbs and other body parts. Various compression garments such as socks, stockings, and bandages are available that provides graded compression needed for effective therapy. Additionally, pneumatic compression pumps and sequential compression devices are also gaining prominence for delivering precise compression needed as per the condition and body part. With rising global disease burden, growing geriatric population prone to such conditions, and increasing adoption of advanced therapy devices, the compression therapy market is poised to expand rapidly in the coming years.
Market Dynamics:
The global compression therapy market is driven by the rising incidence of lymphedema, Deep Vein Thrombosis DVT, and chronic venous diseases. Moreover, prolonged sitting hours among working professionals and growing obese population are increasing the risk of developing such conditions, thereby boosting the demand for compression therapy. However, inadequate reimbursement policies for compression products in some countries and lack of awareness in remote areas pose challenges to market growth. On the bright side, ongoing technological advancements in compression garments and devices, and increasing inclination towards home healthcare are widening the scope of compression therapy, presenting lucrative opportunities for stakeholders.
Key Features of the Study:
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