Italy Compression Therapy Market Size & Outlook, 2023-2030
Italy compression therapy market, 2018-2030 (US$M)
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Italy compression therapy market highlights
- The Italy compression therapy market generated a revenue of USD 166.8 million in 2023 and is expected to reach USD 222.5 million by 2030.
- The Italy market is expected to grow at a CAGR of 4.2% 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 166.8 million |
| Market revenue in 2030 | USD 222.5 million |
| Growth rate | 4.2% (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, Italy accounted for 4.1% 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 Europe, Germany compression therapy market is projected to lead the regional market in terms of revenue in 2030.
- UK is the fastest growing regional market in Europe and is projected to reach USD 266.4 million by 2030.
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Compression Therapy Market Scope
Compression Therapy Market Companies
| Name | Profile | # Employees | HQ | Website |
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Italy 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 69.24% in 2023. Horizon Databook has segmented the Italy compression therapy market based on static compression therapy, dynamic compression therapy covering the revenue growth of each sub-segment from 2018 to 2030.
Italy's demographic and healthcare landscape presents a unique set of challenges and opportunities for the compression therapy market. The country is facing a potential crisis scenario with a decreasing population, projected to fall from 59.2 million in 2021 to 47.7 million in 2070.
This demographic shift, coupled with an aging population, where one in three individuals is older than 65, significantly impacts the healthcare sector, including the demand for compression therapy products. The increasing prevalence of diabetes, with about 3.5 million Italians affected, contributes to the market expansion.
Diabetes is a leading cause of venous diseases, including varicose veins and DVT, which are common conditions managed with compression therapy. The Italian Health Service system spends approximately USD 10.7 billion annually on caring for diabetes patients, indicating a substantial market for compression therapy products.
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Our clientele includes a mix of compression therapy market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the Italy compression therapy market, including forecasts for subscribers. This country databook contains high-level insights into Italy compression therapy market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Italy compression therapy market size, by technology, 2018-2030 (US$M)
Italy Compression Therapy Market Share, 2023 & 2030 (US$M)
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