China Compression Therapy Market Size & Outlook, 2023-2030
China compression therapy market, 2018-2030 (US$M)
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China compression therapy market highlights
- The China compression therapy market generated a revenue of USD 150.1 million in 2023 and is expected to reach USD 222.4 million by 2030.
- The China market is expected to grow at a CAGR of 5.8% 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.
Compression therapy market data book summary
| Market revenue in 2023 | USD 150.1 million |
| Market revenue in 2030 | USD 222.4 million |
| Growth rate | 5.8% (CAGR from 2023 to 2030) |
| Largest segment | Static compression therapy |
| Fastest growing segment | Dynamic Compression Therapy |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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, China accounted for 3.7% of the global compression therapy market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China compression therapy market is projected to lead the regional market in terms of revenue in 2030.
- Australia is the fastest growing regional market in Asia Pacific and is projected to reach USD 75.2 million by 2030.
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Compression Therapy Market Scope
Compression Therapy Market Companies
| Name | Profile | # Employees | HQ | Website |
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China 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 68.35% in 2023. Horizon Databook has segmented the China compression therapy market based on static compression therapy, dynamic compression therapy covering the revenue growth of each sub-segment from 2018 to 2030.
China compression therapy market is growing rapidly owing to the growing geriatric population and the increasing prevalence of chronic disorders, such as diabetes & cardiovascular conditions, which have heightened the demand for compression therapy products.
As these ailments often result in circulation issues & edema, compression garments and devices have become essential in managing symptoms & improving quality of life of affected individuals. For instance, in May 2023, the China Cardiovascular Health Index 2023 results were released during the inaugural event of the 17th Oriental Congress of Cardiology.
The results show Shanghai leading the country with a total score of 81.59, ahead of Zhejiang Province, which scored 78.60. Following closely were Beijing with 77.21 points, Jiangsu Province at 73.34 points, Fujian Province with 73.29 points, and Hubei Province, which garnered 66.33 points, ranking them from second to sixth place, respectively.
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Target buyers of China 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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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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Horizon Databook provides a detailed overview of country-level data and insights on the China compression therapy market, including forecasts for subscribers. This country databook contains high-level insights into China compression therapy market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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China compression therapy market size, by technology, 2018-2030 (US$M)
China Compression Therapy Market Share, 2023 & 2030 (US$M)
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