Mexico Compression Therapy Market Size & Outlook, 2023-2030
Mexico compression therapy market, 2018-2030 (US$M)
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Mexico compression therapy market highlights
- The Mexico compression therapy market generated a revenue of USD 37.4 million in 2023 and is expected to reach USD 53.4 million by 2030.
- The Mexico market is expected to grow at a CAGR of 5.2% 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 37.4 million |
| Market revenue in 2030 | USD 53.4 million |
| Growth rate | 5.2% (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, Mexico accounted for 0.9% 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 Latin America, Brazil compression therapy market is projected to lead the regional market in terms of revenue in 2030.
- Brazil is the fastest growing regional market in Latin America and is projected to reach USD 81.2 million by 2030.
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Compression Therapy Market Scope
Compression Therapy Market Companies
| Name | Profile | # Employees | HQ | Website |
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Mexico 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 74.6% in 2023. Horizon Databook has segmented the Mexico 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 in Mexico is fueled by increasing prevalence of chronic diseases such as diabetes and obesity, which often lead to conditions like venous ulcers & DVT, necessitating the use of compression therapy. Mexico is included among the 23 nations within the IDF North America and Caribbean (NAC) region.
Globally, there are 537 million individuals living with diabetes, with over 51 million of these cases located in the NAC Region; this figure is projected to increase to 63 million by the year 2045. According to the International Diabetes Federation, Mexico's total population stands at 83,741,600, with a diabetes prevalence rate of 16.9%, resulting in a total of 14,123,200 adult diabetes cases as of 2021.
In addition, the growing awareness about the benefits of compression therapy among patients and healthcare professionals is positively impacting market expansion. Factors such as rising disposable incomes, improving healthcare infrastructure, and government initiatives to enhance healthcare access are also boosting the country-level growth for the compression therapy market in Mexico.
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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 Mexico compression therapy market, including forecasts for subscribers. This country databook contains high-level insights into Mexico compression therapy market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Mexico compression therapy market size, by technology, 2018-2030 (US$M)
Mexico Compression Therapy Market Share, 2023 & 2030 (US$M)
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