South Africa Compression Therapy Market Size & Outlook
South Africa compression therapy market, 2018-2030 (US$M)
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South Africa compression therapy market highlights
- The South Africa compression therapy market generated a revenue of USD 28.8 million in 2023 and is expected to reach USD 39.8 million by 2030.
- The South Africa market is expected to grow at a CAGR of 4.7% 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 28.8 million |
| Market revenue in 2030 | USD 39.8 million |
| Growth rate | 4.7% (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, South Africa accounted for 0.7% 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 |
|---|
South 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 74.65% in 2023. Horizon Databook has segmented the South Africa compression therapy market based on static compression therapy, dynamic compression therapy covering the revenue growth of each sub-segment from 2018 to 2030.
The South Africa compression therapy market is experiencing growth, driven by several key factors, including the increasing prevalence of chronic diseases such as lymphedema & diabetes mellitus, advancements in technology, and government initiatives aimed at improving healthcare infrastructure.
According to Statistics, South Africa reported a 58% increase in deaths from noncommunicable diseases from 1997 to 2018, with diabetes being the second-leading cause of death. Diabetes affects 12% of the adult population, causing significant health and economic impacts.
The direct cost to South Africa's health system is USD 150 million. The demand for these products is expected to increase due to the rising prevalence of conditions that lead to poor blood circulation, such as diabetes, obesity, & hypertension.
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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 South Africa compression therapy market, including forecasts for subscribers. This country databook contains high-level insights into South Africa compression therapy market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Africa compression therapy market size, by technology, 2018-2030 (US$M)
South Africa Compression Therapy Market Share, 2023 & 2030 (US$M)
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