COMPRESSION THERAPY MARKET ANALYSIS

Regional Analysis

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North America Compression Therapy Market Trends

North America is expected to dominate the compression therapy market in 2024 with share of 39.3%, driven by advanced healthcare infrastructure, high prevalence of chronic venous disorders, and increasing awareness of compression therapy benefits. The region's strong market share is further supported by favorable reimbursement policies and ongoing technological advancements in compression devices. Key players, including Medtronic, Sigvaris, and Cardinal Health, have a robust presence in North America, driving innovation and accessibility to a wide range of compression products.

Asia Pacific Compression Therapy Market Trends

Meanwhile, the Asia Pacific region exhibits the fastest growth with share of 27.7% in 2024, driven by rising medical expenditures, a growing patient population, and increasing focus on preventive care in major markets like China and India. As healthcare moves up the government agenda, more funding is being directed to chronic disease management, creating opportunities for compression therapy suppliers.

Compression Therapy Market Outlook for Key Countries

United States Compression Therapy Market Trends

The U.S. compression therapy market is expected to lead due to the rising prevalence of chronic conditions like Peripheral Artery Disease (PAD) and a growing geriatric population. A study published by Vascular Disease Management in April 2023 highlighted an increase in PAD cases, from 11.3 million in 1995 to 26 million in 2020, driven by an aging population. Additionally, increasing awareness of compression therapy's benefits for conditions like PAD, Deep Vein Thrombosis (DVT), and post-thrombotic syndrome further supports market growth through its proven clinical effectiveness.

United Kingdom Compression Therapy Market Trends

The U.K. compression therapy market is projected to grow at a moderate CAGR during the forecast period. Key growth drivers include the increasing geriatric population and the rising prevalence of venous ulcers, foot ulcers, and edema, which are boosting the demand for compression therapy. According to the British Heart Foundation, around 60,000 individuals in the U.K. are affected by Deep Vein Thrombosis ,DVT annually. This growing prevalence is driving the adoption of compression therapy solutions such as compression hosiery, bandaging, and other devices, which play a vital role in managing DVT effectively.

India Compression Therapy Market Trends

India compression therapy market is driven by the increasing prevalence of chronic diseases such as diabetes, obesity, and venous disorders. These conditions often require effective management of symptoms like poor circulation and swelling, fueling the demand for compression therapy solutions. In July 2023, according to a study by the Indian Council of Medical Research (ICMR INDIAB), 101 million people in India are affected by diabetes, highlighting the significant need for such therapeutic interventions.

Saudi Arabia Compression Therapy Market Trends

The compression therapy market in Saudi Arabia is anticipated to grow during the forecast period. According to ResearchGate, in October 2024, Chronic Venous Insufficiency (CVI) affects 45.6% of the adult population, particularly in the Western region of Saudi Arabia, driven by factors such as lifestyle changes, aging, family medical history, occupational hazards, and hormonal therapy use. These dynamics highlight the region's potential as a competitive market for CVI treatment, emphasizing the need for innovative solutions and targeted interventions to address prevalent risk factors effectively.