The growth of the compression therapy market can be attributed to the increasing number of orthopedic procedures, a rising number of accidents, and growing obese populations, around the globe. According to the American Academy of Orthopedic Surgeons (AAOS), by 2030, primary Total Hip Replacements (THR) and Total Knee Replacements (TKR) procedures are projected to grow a staggering171% and 189% respectively. Moreover, rising geriatric population, which is highly susceptible to orthopedic conditions, is anticipated to contribute to the high number of orthopedic procedures, which in turn is expected to propel the adoption of compression therapy products significantly in the coming years.
The Compression Therapy Market is segmented on the basis of Technique, Product, Applications and region.
Major Technique of Compression Therapy Market covered are:
- Static
- Dynamic
Major Product of Compression Therapy Market covered are:
- Compression Garment
- Compression Braces
- Compression Pumps
Major Applications of Compression Therapy Market covered are:
- Varicose Veins
- Deep Vein Thrombosis (DVT)
- Lymphedema
- Leg Ulcers
Other factors, such as the increasing application of compression therapy products in sports medicine are expected to provide lucrative growth opportunities for the market. Similarly, compression therapy products are also widely used among patients suffering from arthritis; and a growing population suffering from such disorders is projected to considerably boost the market to a certain extent during the forecast period.
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