Market revenue in 2023 | USD 71.7 million |
Market revenue in 2030 | USD 91.0 million |
Growth rate | 3.5% (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 |
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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 71.13% in 2023. Horizon Databook has segmented the Sweden compression therapy market based on static compression therapy, dynamic compression therapy covering the revenue growth of each sub-segment from 2018 to 2030.
Sweden's competitive scenario for the compression therapy market is shaped by several key factors, including a high incidence of Venous Thromboembolism (VTE), with DVT at 1.67 per 1,000 per year and PE at 0.8 per 1,000 per year.
A study “Venous thromboembolism 2011-2018 in Stockholm: a demographic study” highlights the importance of compression therapy in managing these conditions, contributing to the market growth. The high incidence of VTE in Sweden, along with the increasing awareness of venous diseases and advancements in medical technology, is expected to drive market growth.
In addition, the growing geriatric population is a major driving factor for the market. For instance, Statistics Sweden (SCB) predicts that the population aged 80 years and above will increase to 11 million by 2028.
Horizon Databook provides a detailed overview of country-level data and insights on the Sweden compression therapy market, including forecasts for subscribers. This country databook contains high-level insights into Sweden compression therapy market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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