Spain Compression Therapy Market Size & Outlook, 2023-2030
Spain compression therapy market, 2018-2030 (US$M)
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Spain compression therapy market highlights
- The Spain compression therapy market generated a revenue of USD 125.6 million in 2023 and is expected to reach USD 165.7 million by 2030.
- The Spain market is expected to grow at a CAGR of 4% 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 125.6 million |
| Market revenue in 2030 | USD 165.7 million |
| Growth rate | 4% (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, Spain accounted for 3.1% 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 Europe, Germany compression therapy market is projected to lead the regional market in terms of revenue in 2030.
- UK is the fastest growing regional market in Europe and is projected to reach USD 266.4 million by 2030.
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Compression Therapy Market Scope
Compression Therapy Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Spain 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 72.45% in 2023. Horizon Databook has segmented the Spain compression therapy market based on static compression therapy, dynamic compression therapy covering the revenue growth of each sub-segment from 2018 to 2030.
The prevalence of diabetes in Spain, alongside the country's aging population and projected population growth, significantly contributes to the expansion of the compression therapy market. Diabetes affects 34.8 million adults in Spain, representing 14.8% of the total adult population, posing a substantial healthcare challenge.
The total cases of diabetes in adults stand at 5.1 million, highlighting the need for effective therapeutic interventions, including compression therapy, to manage and treat associated conditions effectively. In Spain, the incidence of type 2 diabetes has been observed to increase, with a study in Northern Spain reporting an incidence rate of 10.8 cases per 1,000 person-years.
This trend is concerning, given the potential for diabetes to lead to complications such as blindness, renal failure, lower limb amputation, and cardiovascular disease. The escalating prevalence of diabetes necessitates the adoption of preventive strategies and the exploration of effective therapeutic interventions, including compression therapy.
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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 Spain compression therapy market, including forecasts for subscribers. This country databook contains high-level insights into Spain compression therapy market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Spain compression therapy market size, by technology, 2018-2030 (US$M)
Spain Compression Therapy Market Share, 2023 & 2030 (US$M)
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