Asia Pacific Compression Therapy Market Size & Outlook
Asia Pacific compression therapy market, 2018-2030 (US$M)
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Asia Pacific compression therapy market highlights
- The Asia Pacific compression therapy market generated a revenue of USD 669.1 million in 2023.
- The market is expected to grow at a CAGR of 6% from 2024 to 2030.
- In terms of segment, static compression therapy was the largest revenue generating technology in 2023.
- Dynamic Compression Therapy is the most lucrative technology segment registering the fastest growth during the forecast period.
- Country-wise, Australia is expected to register the highest CAGR from 2024 to 2030.
Asia Pacific data book summary
| Market revenue in 2023 | USD 669.1 million |
| Market revenue in 2030 | USD 1,004.4 million |
| Growth rate | 6% (CAGR from 2023 to 2030) |
| Largest segment | Static compression therapy |
| Fastest growing segment | Dynamic Compression Therapy |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Static Compression Therapy, Dynamic Compression Therapy |
| Key market players worldwide | Cardinal Health Inc, Hartmann Holdings, Svenska Cellulosa AB ADR, ArjoHuntleigh, 3M Co, Spectrum Healthcare Resources, Bio Compression Systems, Stryker Corp, Ohio Valley Banc Corporation, Tactile Medical, Essity, Juzo, Harbor Health Care ETF, Sigvaris |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 16.5% of the global compression therapy market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 1,004.4 million by 2030.
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Compression Therapy Market Scope
Compression Therapy Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Asia Pacific compression therapy market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to compression therapy market will help companies and investors design strategic landscapes.
Static compression therapy was the largest segment with a revenue share of 70.81% in 2023. Horizon Databook has segmented the Asia Pacific compression therapy market based on static compression therapy, dynamic compression therapy covering the revenue growth of each sub-segment from 2018 to 2030.
The compression therapy market in the Asia Pacific region has been experiencing significant growth, driven by several key factors, such as the increasing prevalence of chronic diseases, including venous disorders, lymphedema, and DVT, among the region's population.
According to an article published in 2023, “Epidemiology and prevention of venous thromboembolism,” in Asia, the rates of VTE are considered to be lower than in Europe and the U.S. For instance, the incidence of VTE in South Korea was estimated to be 0.2 per 1,000 person-years.
Technological advancements, such as innovative compression garment designs & materials, have enhanced patient comfort and compliance, boosting market demand. Factors such as the improving healthcare infrastructure, rising healthcare expenditure, and increasing adoption of minimally invasive procedures are expected to contribute to this growth.
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Target buyers of Asia Pacific compression therapy market databook
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Our clientele includes a mix of compression therapy market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific compression therapy market, including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific compression therapy market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific compression therapy market size, by country, 2018-2030 (US$M)
Asia Pacific Compression Therapy Market Share, 2023 & 2030 (US$M)
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