Authored By: Sarah
20 Nov 2023

An Increasing prevalence of chronic venous diseases and lymphedema followed by a rising aging population prone to venous disorders is boosting the Compression Therapy Market |Forecast for 2023-2027|Technavio

The compression therapy market is likely to experience steady growth because of the increasing prevalence of chronic venous diseases and lymphedema and the rising aging population prone to venous disorders. Rising at a CAGR of 5.85%, the market is estimated to have an incremental growth of USD 1.24 Bn from 2023 to 2027.

Leading companies that offer a wide range of offerings attributing to market expansion are Bosl Medizintechnik GmbH, Cardinal Health Inc., ConvaTec Group Plc, DJO Global Inc., INNOTHERA, Julius Zorn GmBH,medi GmbH and Co. KG, Medline Industries LP, Medtronic Plc, Mego Afek A.C. Ltd, Paul Hartmann AG, Sanyleg S.r.l., SIGVARIS AG, Smith and Nephew plc, Spectrum Healthcare etc.

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Compression Therapy Market Analysis At a Glance


Limited reimbursement coverage for compression therapy and Compliance issues due to discomfort and inconvenience are expected to hinder the growth of the market. However, Customized compression therapy solutions based on individual patient needs and the Integration of smart technologies and wearable sensors in compression garments will have a positive impact on the compression therapy market during the forecast period.

Technavio’s recent analysis of the compression therapy market includes a detailed examination of its revenue forecasts, including market drivers and challenges, key market participants, and growth opportunities, and a detailed study of the market segments in North America, Europe, Asia, and the Rest of the World (ROW),  during the forecast period. Refer to our sample report for more insights.
 
 
Technavio’s analysis of the Compression Therapy Market also includes:
  • CAGR of the market during the forecast period 2023-2027
  • Detailed information on factors that will drive compression therapy market growth during the next five years
  • Precise estimation of the compression therapy market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the compression therapy market industry across 
  • A thorough analysis of the market’s competitive landscape
  • Comprehensive details of factors that will challenge the growth of the compression therapy market.
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