Compression therapy market to reach $5.9b by 2030

Its growth is attributed to the rising prevalence of venous disorders and lymphedema.

The global compression therapy market is projected to reach $5.9b by 2030 at a compound annual growth rate of 5.5%, according to a MarketsandMarkets report.

The sector’s expansion is primarily attributed to the rising prevalence of venous disorders and lymphedema, particularly amongst elderly individuals and patients recovering from surgery.

Based on application, the varicose veins segment is the leading segment of the compression therapy market.

Moreover, the increasing incidence of obesity, which contributes to circulatory complications, and the growing number of orthopaedic procedures also contribute to the heightened demand for compression therapy devices.

“The growing preference for non-invasive treatments, along with an increasing demand for home-based care options, positions compression therapy as an important therapeutic choice,” the report said.