Posted 4/9/2024, 3:30:00 PM
Compression Therapy Market Poised for Steady Growth, Driven by Demand for Sports Medicine and Vein Treatment
- Compression therapy market projected to grow at a CAGR of 5.80% from 2024-2034, reaching $5.9 billion in value by 2034
- North America is the dominant regional market due to obesity, aging population, and favorable reimbursement schemes
- Growth driven by increasing prevalence of vein disorders and adoption of compression garments in sports medicine
- Key players focused on mergers, acquisitions, and new product launches to expand consumer base
- Recent developments include joint venture between Mego Afek and Mueller Sports Medicine for enhanced circulation products