Norway Compression Therapy Market Size & Outlook, 2023-2030
Norway compression therapy market, 2018-2030 (US$M)
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Norway compression therapy market highlights
- The Norway compression therapy market generated a revenue of USD 66.4 million in 2023 and is expected to reach USD 85.5 million by 2030.
- The Norway market is expected to grow at a CAGR of 3.7% 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 66.4 million |
| Market revenue in 2030 | USD 85.5 million |
| Growth rate | 3.7% (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, Norway accounted for 1.6% 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 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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Norway 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 72.29% in 2023. Horizon Databook has segmented the Norway compression therapy market based on static compression therapy, dynamic compression therapy covering the revenue growth of each sub-segment from 2018 to 2030.
The growth in the market can be attributed to the rising geriatric population and the increasing number of people suffering from several disorders, such as obesity & diabetes. According to Norway Statistics, the population aged above 70 years was calculated to be 670,000 and is estimated to reach around 1.4 million by 2060.
The increase in geriatric population highlights the need for products tailored to musculature & connective tissues and also presents a significant opportunity for market expansion. Hence, the demand for compression therapy products in Norway is anticipated to increase over the forecast period.
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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 Norway compression therapy market, including forecasts for subscribers. This country databook contains high-level insights into Norway compression therapy market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Norway compression therapy market size, by technology, 2018-2030 (US$M)
Norway Compression Therapy Market Share, 2023 & 2030 (US$M)
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