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Compression Therapy Market: Rapidly Growing Obese Population Affected By Deep Vein Thrombosis To Increase Valuation Of Market To US$4.0 Million By 2023

|Includes: Meridian Resource Corp. (TMR)

Venous disease occurs when the valves in the veins of a patient's legs start to weaken. Once the valves cross a certain threshold of strength loss, they cannot maintain the unidirectional flow of blood, causing it to flow backwards. At the same time, if only superficial veins are compromised, the internal ones have to work harder to compensate for them. This is a possibility in the case of people who suffer from severe varicose veins. After a certain duration of weakness in the external veins, they can no longer pump any blood. Blood is left in the veins and will not move even with walking. In most situations like these, compression therapy can help ease the pain and restore blood flow.

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Advantages of Compression Therapy Boost its Adoption Worldwide

Compression therapy is one of the most simple and effortless methods of improving the rate of blood flow in a patient's legs. What compression therapy essentially does is improve the strength of the veins in a patient's legs through the application of external pressure. The pressure can be applied with the means of specialized pads, special compression boots, or even simple compression leggings or socks. These products then apply steady pressure on the external walls of the superficial veins, helping the valves regain control of the veins.

The global compression therapy market is advancing at a CAGR of 5.20% from 2015 to 2023. This market was valued at US$2.592 bn in 2015, and by the end of 2023, it will reach US$4.027 bn. This says a lot about the condition that thousands of people suffer from worldwide, because the drivers of the global compression therapy market are pointing to positive growth. These drivers include the growing geriatric demographics, the growing number of obese people, the increasing number of sports-related injuries, and the increase in the number of orthopedic surgeries across the world. These are all factors that promote a higher usage of compression therapy, which is considered to be the gold standard in the treatment of deep vein thrombosis, chronic venous insufficiency, and lymphedema.

Modern Tech for Compression Therapy

One of the more recently devised ways to give a patient compression therapy involves the use of advanced technology. For instance, a group of researchers in Compression Solutions, Oklahoma have consistently worked on improvements on Triple Pay VT and Triple Play Pro. Both are devices that are useful in monitoring the progression of vein-related issues. The devices can be critical in reducing the chances of blood clots after a surgery, especially in the elderly.

The global compression therapy market is still hindered by a few factors, including the lack of reimbursement options covering vascular disease therapy using compression products. This is still a relatively minor hindrance, as the market will keep growing due to a higher demand. There is also an increase in the number of lymphedema cases, further boosting the global compression therapy market.

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