Thailand Compression Therapy Market Size & Outlook
Thailand compression therapy market, 2018-2030 (US$M)
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Thailand compression therapy market highlights
- The Thailand compression therapy market generated a revenue of USD 22.8 million in 2023 and is expected to reach USD 33.0 million by 2030.
- The Thailand market is expected to grow at a CAGR of 5.4% 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 22.8 million |
| Market revenue in 2030 | USD 33.0 million |
| Growth rate | 5.4% (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, Thailand accounted for 0.6% 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 Asia Pacific, China compression therapy market is projected to lead the regional market in terms of revenue in 2030.
- Australia is the fastest growing regional market in Asia Pacific and is projected to reach USD 75.2 million by 2030.
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Compression Therapy Market Scope
Compression Therapy Market Companies
| Name | Profile | # Employees | HQ | Website |
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Thailand 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 72.81% in 2023. Horizon Databook has segmented the Thailand 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 Thailand is experiencing robust growth driven by factors such as the increasing prevalence of chronic diseases, including diabetes, venous disorders, and obesity, which often lead to conditions like DVT and lymphedema, necessitating the use of compression therapy.
According to the Journal of the Medical Association of Thailand, in 2022, the prevalence of overweight and obesity in Thailand was recorded at 47.8%, an increase from 34.7% in 2016. This placed Thailand as having the second-highest rate of obesity in the ASEAN region, after Malaysia. In addition, obesity rates are notably high among healthcare workers.
The occurrence of overweight and obesity in this group surpasses the national average in Thailand, with shift work, dietary habits, and a lack of physical activity being the primary contributing factors. The findings of this study could be instrumental in devising programs and policies aimed at reducing obesity rates in the future.
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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 Thailand compression therapy market, including forecasts for subscribers. This country databook contains high-level insights into Thailand compression therapy market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Thailand compression therapy market size, by technology, 2018-2030 (US$M)
Thailand Compression Therapy Market Share, 2023 & 2030 (US$M)
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