Canada Compression Therapy Market Size & Outlook, 2024-2030
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Canada compression therapy market highlights
- The Canada compression therapy market generated a revenue of USD 213.6 million in 2023 and is expected to reach USD 287.2 million by 2030.
- The Canada market is expected to grow at a CAGR of 4.3% 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 213.6 million |
| Market revenue in 2030 | USD 287.2 million |
| Growth rate | 4.3% (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, Canada accounted for 5.3% 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 North America, U.S. compression therapy market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 287.2 million by 2030.
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Compression Therapy Market Scope
Compression Therapy Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Sigvaris | View profile | 51-100 | Peachtree City, Georgia, United States, North America | https://www.sigvaris.com/en-us |
| Juzo | View profile | 251-500 | Cuyahoga Falls, Ohio, United States, North America | http://juzousa.com |
| Essity | View profile | 10001+ | Stockholm, Stockholms Lan, Sweden, Europe | https://www.essity.com/ |
| Tactile Medical | View profile | 251-500 | Minneapolis, Minnesota, United States, North America | https://tactilemedical.com |
| Ohio Valley Banc Corporation | View profile | 284 | 420 Third Avenue, PO Box 240, Gallipolis, OH, United States, 45631 | https://www.ovbc.com |
| Bio Compression Systems | View profile | 11-50 | Moonachie, New Jersey, United States, North America | https://www.biocompression.com |
| Spectrum Healthcare Resources | View profile | 251-500 | Saint Louis, Missouri, United States, North America | https://www.spectrumhealth.com/ |
| ArjoHuntleigh | View profile | 5001-10000 | Malmö, Skane Lan, Sweden, Europe | http://www.arjohuntleigh.com |
| Svenska Cellulosa AB ADR | View profile | 3400 | Skepparplatsen 1, Sundsvall, Sweden, SE-851 88 | https://www.sca.com |
| Harbor Health Care ETF | View profile | - | - | - |
| Hartmann Holdings | View profile | - | Moscow, Moscow City, Russian Federation, Europe | https://www.hartmannholdings.com |
| Cardinal Health Inc | View profile | 48000 | 7000 Cardinal Place, Dublin, OH, United States, 43017 | https://www.cardinalhealth.com |
| 3M Co | View profile | 85000 | 3M Center, St. Paul, MN, United States, 55144 | https://www.3m.com |
| Stryker Corp | View profile | 52000 | 1941 Stryker Way, Portage, MI, United States, 49002 | https://www.stryker.com |
Canada 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 68.4% in 2024. Horizon Databook has segmented the Canada compression therapy market based on static compression therapy, dynamic compression therapy covering the revenue growth of each sub-segment from 2018 to 2030.
The Canada compression therapy market is expected to show significant growth, driven by a combination of factors, including the rising prevalence of chronic wounds & venous diseases, increasing awareness & education, government initiatives, and advancements in the field.
DVT complications include Pulmonary Embolism (PE), Post-thrombotic Syndrome (PTS), and recurrent DVT or PE within 10 years. Rapid diagnosis and treatment are crucial, with active malignancy, surgery, immobilization, and estrogen use/pregnancy as common provoking factors.
However, up to 50% of first-time DVT is unprovoked. The growing prevalence of DVT, along with other venous disorders, such as leg ulcers, lymphedema, and varicose veins, drives the demand for compression therapy products.
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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 Canada compression therapy market, including forecasts for subscribers. This country databook contains high-level insights into Canada compression therapy market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Canada compression therapy market size, by technology, 2018-2030 (US$M)
Canada Compression Therapy Market Share, 2024 & 2030 (US$M)
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