Kuwait Compression Therapy Market Size & Outlook, 2023-2030
Kuwait compression therapy market, 2018-2030 (US$M)
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Kuwait compression therapy market highlights
- The Kuwait compression therapy market generated a revenue of USD 5.0 million in 2023 and is expected to reach USD 6.5 million by 2030.
- The Kuwait market is expected to grow at a CAGR of 3.7% 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 5.0 million |
| Market revenue in 2030 | USD 6.5 million |
| Growth rate | 3.7% (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, Kuwait accounted for 0.1% 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 Middle East & Africa, Saudi Arabia compression therapy market is projected to lead the regional market in terms of revenue in 2030.
- South Africa is the fastest growing regional market in Middle East & Africa and is projected to reach USD 39.8 million by 2030.
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Compression Therapy Market Scope
Compression Therapy Market Companies
| Name | Profile | # Employees | HQ | Website |
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Kuwait 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 76% in 2023. Horizon Databook has segmented the Kuwait compression therapy market based on static compression therapy, dynamic compression therapy covering the revenue growth of each sub-segment from 2018 to 2030.
The government of Kuwait has been taking initiatives to promote the healthcare sector and enable access to quality healthcare services. The Kuwait National Health Strategy 2021-2030 aims to improve healthcare services in the country and increase access to medical devices. This strategy is expected to contribute to growth of the compression therapy market in the country.
Kuwait's National Development Plan, valued at USD 104 billion, has initiated significant upgrades to the country's healthcare infrastructure, aiming to address the increasing prevalence of obesity, diabetes, & cancer among the Kuwaiti population.
This investment in healthcare infrastructure and services, coupled with the government's focus on improving healthcare quality & expanding private healthcare options, contributes to growth of the compression therapy market in Kuwait.
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Target buyers of Kuwait 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 country-level data and insights on the Kuwait compression therapy market, including forecasts for subscribers. This country databook contains high-level insights into Kuwait compression therapy market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Kuwait compression therapy market size, by technology, 2018-2030 (US$M)
Kuwait Compression Therapy Market Share, 2023 & 2030 (US$M)
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