Compression Therapy Market Share

North American Market Forecast

Compression therapy market in North America is predicted to account for the largest share of 45% by 2037 impelled by the increasing spending in healthcare. As a result, there is an increasing awareness of the benefits of compression therapy, owing to which more patients and healthcare providers in North America are turning to these products as a non-invasive treatment option. Besides this, governments and insurance companies in the region are recognizing the benefits of compression therapy and are introducing policies to encourage its use.For instance, in 2021, healthcare spending in the United States increased by over 2% to around USD 4 trillion, or over USD 12,910 per person.

European Market Statistics

The Europe compression therapy market is estimated to be the second largest, during the forecast period led by the presence of several leading manufacturers of compression therapy products, and rising focus on developing new and innovative products. This includes products such as advanced wound care dressings, portable and wearable compression devices, and 3D printing technologies. As awareness of the benefits of compression therapy increases, more patients and healthcare providers in Europe are turning to these products as a non-invasive treatment option. This is driving the demand for compression therapy and contributing to its growth in the region.