India Compression Therapy Market Size & Outlook, 2023-2030
India compression therapy market, 2018-2030 (US$M)
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India compression therapy market highlights
- The India compression therapy market generated a revenue of USD 123.6 million in 2023 and is expected to reach USD 186.5 million by 2030.
- The India market is expected to grow at a CAGR of 6.1% 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 123.6 million |
| Market revenue in 2030 | USD 186.5 million |
| Growth rate | 6.1% (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, India accounted for 3.0% 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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India 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 73.46% in 2023. Horizon Databook has segmented the India 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 India is propelled by factors such as the country’s escalating burden of chronic diseases, such as diabetes, obesity, and venous disorders, which necessitates effective management of related symptoms such as poor circulation & swelling, thereby driving demand for compression therapy solutions.
For instance, as per Indian Council of Medical Research, India Diabetes (ICMR INDIAB) study published in 2023, the prevalence of diabetes is 10.1 crores. In India, the significant prevalence of obesity is closely linked to the substantial incidence of Noncommunicable Diseases (NCDs).
It is estimated that NCDs account for 5.87 million deaths each year, representing 60% of all deaths in the country. This increasing trend of NCDs not only affects public health but also has a negative impact on the nation's economic growth.
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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 India compression therapy market, including forecasts for subscribers. This country databook contains high-level insights into India compression therapy market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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India compression therapy market size, by technology, 2018-2030 (US$M)
India Compression Therapy Market Share, 2023 & 2030 (US$M)
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