Latin America Compression Therapy Market Size & Outlook
Latin America compression therapy market, 2018-2030 (US$M)
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Latin America compression therapy market highlights
- The Latin America compression therapy market generated a revenue of USD 209.4 million in 2023.
- The market is expected to grow at a CAGR of 5.1% 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.
- Country-wise, Brazil is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 209.4 million |
| Market revenue in 2030 | USD 297.1 million |
| Growth rate | 5.1% (CAGR from 2023 to 2030) |
| Largest segment | Static compression therapy |
| Fastest growing segment | Dynamic Compression Therapy |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 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, Latin America region accounted for 5.1% of the global compression therapy market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 1,004.4 million by 2030.
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Compression Therapy Market Scope
Compression Therapy Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Latin America 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 74.07% in 2023. Horizon Databook has segmented the Latin America compression therapy market based on static compression therapy, dynamic compression therapy covering the revenue growth of each sub-segment from 2018 to 2030.
The Latin American compression therapy market includes Brazil, Mexico, Argentina, and other countries. Brazil accounted for the maximum share of the market and is expected to witness considerable growth over the forecast period due to the high demand for stockings in the treatment of various venous disorders.
The country’s prominent market share can be attributed to high healthcare spending, a growing geriatric population, and an increase in the prevalence of other chronic disorders. The easy availability of stockings is further propelling product demand and growth.
Mexico is expected to hold a significant share over the coming years. Manufacturers in the country are focused on distribution enhancement strategies to widen their customer base. An increase in cases of diabetes in the region, coupled with the increasing prevalence of other disorders & sports injuries, is driving market growth in the region.
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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 continent-level data and insights on the Latin America compression therapy market, including forecasts for subscribers. This continent databook contains high-level insights into Latin America compression therapy market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America compression therapy market size, by country, 2018-2030 (US$M)
Latin America Compression Therapy Market Share, 2023 & 2030 (US$M)
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