Denmark Compression Therapy Market Size & Outlook
Denmark compression therapy market, 2018-2030 (US$M)
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Denmark compression therapy market highlights
- The Denmark compression therapy market generated a revenue of USD 30.9 million in 2023 and is expected to reach USD 35.9 million by 2030.
- The Denmark market is expected to grow at a CAGR of 2.2% 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 30.9 million |
| Market revenue in 2030 | USD 35.9 million |
| Growth rate | 2.2% (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, Denmark accounted for 0.8% 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 |
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Denmark 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 71.52% in 2023. Horizon Databook has segmented the Denmark compression therapy market based on static compression therapy, dynamic compression therapy covering the revenue growth of each sub-segment from 2018 to 2030.
In Denmark, the aging population, with nearly 19% being 65 years or older and a projected increase to almost 25% by 2050, necessitates a specialized market for compression therapy products. The increase in geriatric population highlights the need for products tailored to sensitive skin, musculature, and connective tissues but also presents a significant opportunity for market expansion.
The growing elderly population, coupled with the public sector's substantial investment in long-term care, including nursing homes and home care services, creates a demand for innovative and adaptable compression therapy solutions. This market expansion is further supported by the public's access to free healthcare, including old-age pensions, and the subsidization of care services, making compression therapy products more accessible to the geriatric population.
Government initiatives and local manufacturer advancements are contributing to the market expansion. For instance, the Danish government's focus on healthcare innovation and the adoption of digital health solutions could drive the adoption of compression therapy products. Local manufacturers, such as AIROS Medical, Inc., are launching innovative products like the Arm Plus apparel, indicating a growing trend of product innovation in the market.
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Target buyers of Denmark 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 country-level data and insights on the Denmark compression therapy market, including forecasts for subscribers. This country databook contains high-level insights into Denmark compression therapy market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Denmark compression therapy market size, by technology, 2018-2030 (US$M)
Denmark Compression Therapy Market Share, 2023 & 2030 (US$M)
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