PUBLISHER: Grand View Research | PRODUCT CODE: 1587782
PUBLISHER: Grand View Research | PRODUCT CODE: 1587782
The Latin America Compression Therapy market size is expected to reach USD 297.1 million by 2030, registering a CAGR of 4.9% from 2025 to 2030, according to a new report by Grand View Research, Inc. Increase in incidence of chronic diseases and geriatric population are key driving factors. In addition, increasing healthcare expenditure in developing economies of the region and presence of untapped opportunities are factors expected to further boost growth.
Brazil accounted for over 25.6% share in 2024, owing to high adoption of compression stockings. According to a research published in NCBI, compression stockings are extensively used in Brazil to treat venous disorders. In addition, these products are easily available and are known to provide positive results, further promoting the use of compression therapy products across the country. Moreover, improving healthcare infrastructure, economic development, and increasing patient awareness are factors supporting rapid market growth.
Some of the key players are primarily focused on new product launches and distribution enhancement strategies to expand their customer base and increase product accessibility in developing economies.