North America Compression Therapy Market Size & Outlook
North America compression therapy market, 2018-2030 (US$M)
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North America compression therapy market highlights
- The North America compression therapy market generated a revenue of USD 1,739.3 million in 2023.
- The market is expected to grow at a CAGR of 3.2% 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.
- Country-wise, Canada is expected to register the highest CAGR from 2024 to 2030.
North America data book summary
| Market revenue in 2023 | USD 1,739.3 million |
| Market revenue in 2030 | USD 2,161.1 million |
| Growth rate | 3.2% (CAGR from 2023 to 2030) |
| Largest segment | Static compression therapy |
| Fastest growing segment | Dynamic Compression Therapy |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 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, North America region accounted for 42.8% of the global compression therapy market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 1,004.4 million by 2030.
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Compression Therapy Market Scope
Compression Therapy Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
North America 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 66.46% in 2023. Horizon Databook has segmented the North America compression therapy market based on static compression therapy, dynamic compression therapy covering the revenue growth of each sub-segment from 2018 to 2030.
The market's expansion is further bolstered by advancements in compression therapy technology, such as the development of innovative materials and improved designs that enhance patient comfort & compliance.
The increasing prevalence of chronic diseases such as diabetes and obesity, which often lead to circulatory issues, significantly contributes to the market growth. The National Institutes of Health reported that varicose veins affect more than 25 million people in the U.S., and over 6 million suffer from severe venous disease, making Chronic Venous Disease (CVD) a prevalent health condition.
This highlights the importance of compression therapy in managing and treating these conditions. Some key players in the North American compression therapy market are Mölnlycke Health Care AB; 3M; Arjo (Huntleigh Healthcare Limited); Brownmed, Inc.; Essity Aktiebolag (BSN Medical Inc.), and Cardinal Health.
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Target buyers of North America 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 continent-level data and insights on the North America compression therapy market, including forecasts for subscribers. This continent databook contains high-level insights into North America compression therapy market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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North America compression therapy market size, by country, 2018-2030 (US$M)
North America Compression Therapy Market Share, 2023 & 2030 (US$M)
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