Press release
Compression Garments And Stockings Market Size is Expected to grow to $4.03 billion in 2028 at a CAGR of 6.4% | Key Players: 3M Company, BSN Medical Pvt. Ltd., Medi GmBH & Co. KG, SIGVARIS Group, Medical Z
Compression Garments And Stockings Market Report
The Business Research Company presents an extensive market research report on the Compression Garments And Stockings Global Market Report 2024, furnishing businesses with a competitive edge through a detailed examination of the market structure, encompassing estimates for various segments and sub-segments.
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the industry. This report market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
The compression garments and stockings market size has grown strongly in recent years. It will grow from $3.05 billion in 2023 to $3.24 billion in 2024 at a compound annual growth rate (CAGR) of 6.4%. The growth in the historic period can be attributed to medical advancements and applications, aging population demographics, sports and fitness industry adoption, fashion and style integration, medical and therapeutic needs.
The compression garments and stockings market size is expected to see strong growth in the next few years. It will grow to $4.03 billion in 2028 at a compound annual growth rate (CAGR) of 5.6%. The growth in the forecast period can be attributed to regulatory support and standardization, online retail expansion, athleisure and comfort wear trends, fashion integration and style, increasing awareness and education, expanding medical applications. Major trends in the forecast period include regulatory support and standardization, athleisure trends and comfort wear, online retail and e-commerce growth, awareness and education initiatives, fashion and style integration..
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Key Market Players:
3M Company, BSN Medical Pvt. Ltd., Medi GmBH & Co. KG, SIGVARIS Group, Medical Z, Medtronic PLC, Paul Hartmann AG, Biocompression Systems, 2XU Pty Ltd., Smith & Nephew PLC, Lymphedivas, Narang Medical Limited, Sanyleg SRL, Santemol Group Medikal, Leonisa S.A., Creswell Sock Mills LLC, Spanx Inc., Julius Zorn GmbH, Comfort Plus Corporation, VIM & VIGR LLC, Tommie Copper Inc., Venosan, Tactile Medical, Design Veronique, Medico International Inc., Marena Group LLC, Therafirm LLC, Ann Chery Beauty Inc., Colfax Corp., Zensah Company are prominent players in the industry.
Market Drivers:
The increasing incidence of obesity is expected to propel the growth of the compression garments and stockings market going forward. Obesity is a medical condition characterized by an unusually high and potentially unhealthy accumulation of body fat. Compression garments are used to assist individuals who are overweight or obese in alleviating pain and discomfort as they work towards losing weight, and it also help to improve circulation and reduce swelling and inflammation, which are common in overweight and obese individuals. For instance, in March 2023, according to the World Heart Federation, a Switzerland-based non-government global cardiovascular community, globally around 2.3 billion adults and children were obese or overweight, and with the current obesity trend, it is estimated that the number of people living with obesity will reach 2.7 billion by 2025. Therefore, the increasing incidence of obesity is driving the growth of the compression garments and stockings market.
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https://www.thebusinessresearchcompany.com/report/compression-garments-and-stockings-global-market-report
Market Segments Include:
1) By Product Type: Compression Garments, Compression Stockings
2) By Distribution Channel: Hospitals, Ambulatory Surgical Centers, Clinics, Online Sales, Other Healthcare Facilities
3) By Application Type: Varicose Veins, Wound Care, Burns, Oncology, Other Applications
The report answers the following questions:
What are the primary factors propelling the market during the projected period?
In which region is the most substantial growth expected?
Which trend will take center stage in the upcoming period?
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