Japan Compression Therapy Market Size & Outlook, 2023-2030
Japan compression therapy market, 2018-2030 (US$M)
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Japan compression therapy market highlights
- The Japan compression therapy market generated a revenue of USD 138.9 million in 2023 and is expected to reach USD 215.3 million by 2030.
- The Japan market is expected to grow at a CAGR of 6.5% 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 138.9 million |
| Market revenue in 2030 | USD 215.3 million |
| Growth rate | 6.5% (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, Japan accounted for 3.4% 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 |
|---|
Japan 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 68.11% in 2023. Horizon Databook has segmented the Japan 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 is witnessing significant growth driven by several key factors, such as the rising geriatric population, technological advancements, and product innovations. Japan has one of the oldest populations globally, with a significant proportion of elderly individuals prone to venous disorders and circulatory issues.
As the elderly population continues to grow, there is an increased demand for medical interventions like compression therapy to manage these conditions effectively. For instance, according to the UN Population Division, OECD, by 2050, it is expected that the share of Japan's population that is 65 years or older is expected to increase by one-third, reaching 36% of the overall population.
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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 Japan compression therapy market, including forecasts for subscribers. This country databook contains high-level insights into Japan compression therapy market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Japan compression therapy market size, by technology, 2018-2030 (US$M)
Japan Compression Therapy Market Share, 2023 & 2030 (US$M)
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