Middle East & Africa Compression Therapy Market Size & Outlook
Middle East & Africa compression therapy market, 2018-2030 (US$M)
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MEA compression therapy market highlights
- The MEA compression therapy market generated a revenue of USD 142.1 million in 2023.
- The market is expected to grow at a CAGR of 4.3% 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, South Africa is expected to register the highest CAGR from 2024 to 2030.
MEA data book summary
| Market revenue in 2023 | USD 142.1 million |
| Market revenue in 2030 | USD 190.3 million |
| Growth rate | 4.3% (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, MEA region accounted for 3.5% 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 |
|---|
Middle East & Africa 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 75.44% in 2023. Horizon Databook has segmented the Middle East & Africa compression therapy market based on static compression therapy, dynamic compression therapy covering the revenue growth of each sub-segment from 2018 to 2030.
Middle Eastern countries such as Qatar, Saudi Arabia, Kuwait, Oman, and the UAE are the fastestgrowing economies. Advancements in the healthcare system are expected to boost the development of the medical device industry in these countries.
Growing health insurance penetration, increasing privatization, and rising regional disease burden are factors expected to drive regional market growth. For instance, in some Middle Eastern countries, government organizations cover almost 70% of the healthcare expenditure of citizens. High-income countries, such as Saudi Arabia, Israel, and Qatar, are focused on adopting the latest devices for their healthcare setup.
The UAE is the most populous country in the region, with the fastest growth rate. Increasing healthcare expenditure and the gradual adoption of technologically advanced products in these countries are expected to drive market growth. Thus, supportive government efforts & developing healthcare infrastructure are expected to fuel regional market growth.
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Target buyers of Middle East & Africa 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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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 Middle East & Africa compression therapy market, including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa compression therapy market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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MEA compression therapy market size, by country, 2018-2030 (US$M)
Middle East & Africa Compression Therapy Market Share, 2023 & 2030 (US$M)
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