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Compression Garments & Stockings Market worth $4.66 billion by 2030, growing at a CAGR of 5.18% - Exclusive Report by 360iResearch
Compression Garments & Stockings Market | 360iResearch
The Global Compression Garments & Stockings Market to grow from USD 3.27 billion in 2023 to USD 4.66 billion by 2030, at a CAGR of 5.18%.
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Compression garments and stockings are specialized hosiery products that apply consistent pressure on the wearer's limbs or body, promoting blood flow and reducing inflammation. These garments and stockings are used to alleviate discomfort resulting from swelling, varicose veins, muscle fatigue, and other circulatory issues. The growing concerns regarding chronic diseases in aging populations and significant investments in the healthcare sector enhance the demand for compression garments and stockings. Similarly, the rising cases of varicose veins and lymphedema boost the need for compression garments and stockings. In addition, there is a surge in eCommerce platforms offering access to a broader range of product options at competitive prices. However, despite its potential growth factors, certain challenges impact compression garments and stocking production. Lack of standardized sizing guidelines across manufacturers potentially leads to improper fit, impacting product efficacy, significantly causing underutilization in clinical settings, and further creating health issues such as skin irritation due to tight nature/material composition, resulting in non-compliance with treatment regimens. Moreover, the expanding use of specialized compression stockings, sleeves, and gloves, alongside the cases of injuries during sports and recreational activities, creates the need for compression therapy, which significantly improves the future demand for compression garments and stockings.
The Americas compression garments and stockings market includes the United States and Canada regions, where advanced healthcare infrastructure, high adoption of preventive care measures, and substantial investments in research & development contribute to market expansion. In Europe, EU countries play a vital role in driving market growth due to the rising demand from elderly individuals and those suffering from chronic venous insufficiency (CVI) or deep vein thrombosis (DVT). The Middle East & Africa region is experiencing increased demand for compression garments due to the growing prevalence of diabetes-related complications such as lower limb edema and venous ulcers. International organizations such as WHO contribute to promoting public awareness of disease prevention through campaigns that include using compression therapy products. Moreover, the Asia-Pacific region features notable regions such as China, Japan, and India, where expanding geriatric populations, rising disposable income levels, and a shift towards preventive healthcare fuel market growth. Government policies in China encourage innovation in the medical device industry, leading to advancements such as smart compression garments enabled by wearable technology. Global investments in innovative technologies and research initiatives promise further market expansion by providing advanced solutions tailored to address diverse consumer needs across various regions.
Market Segmentation & Coverage:
This research report categorizes the Compression Garments & Stockings Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on Product, market is studied across Compression Garments and Compression Stockings. The Compression Garments is further studied across Lower Compression Garments and Upper Compression Garments. The Compression Stockings is further studied across Anti-Embolism Compression Stockings and Gradient Compression Stockings. The Compression Garments is projected to witness significant market share during forecast period.
Based on Distribution Channel, market is studied across Offline and Online. The Offline is further studied across Drug Stores and Specialty Retail Stores. The Offline is projected to witness significant market share during forecast period.
Based on Application, market is studied across Healthcare and Sports & Swimwear. The Healthcare is projected to witness significant market share during forecast period.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Americas commanded largest market share of 38.26% in 2023, followed by Europe, Middle East & Africa.
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FPNV Positioning Matrix:
The FPNV Positioning Matrix is essential for assessing the Compression Garments & Stockings Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).
Market Share Analysis:
The Market Share Analysis offers an insightful look at the current state of vendors in the Compression Garments & Stockings Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.
Key Company Profiles:
The report delves into recent significant developments in the Compression Garments & Stockings Market, highlighting leading vendors and their innovative profiles. These include 3M Company, AMERX Health Care Corp. by Procyon Corporation, Bio Compression Systems, Inc., Bodyment, Calze G.T. S.r.l., Cardinal Health, Inc., ContourMD, Dermawear by CPS Shapers Limited, DirectDermaCare, Essity AB, FeelWell, Julius Zorn GmbH, Kinex Medical Company, LLC, Lipoelastic, Lohmann & Rauscher GmbH & Co. KG, LYCRA Company, Lymphedema Products, LLC, MACOM Enterprises Ltd., medi GmbH & Co. KG, Nouvelle Inc., Paul Hartmann AG, Rainey Recovery Wear, Rehan International Co., Ltd., Sanyleg SRL, SIGVARIS Group, The Marena Group, LLC, Tommie Copper, Inc., and Wear Ease.
Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Compression Garments & Stockings Market, by Product
7. Compression Garments & Stockings Market, by Distribution Channel
8. Compression Garments & Stockings Market, by Application
9. Americas Compression Garments & Stockings Market
10. Asia-Pacific Compression Garments & Stockings Market
11. Europe, Middle East & Africa Compression Garments & Stockings Market
12. Competitive Landscape
13. Competitive Portfolio
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the Compression Garments & Stockings Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Compression Garments & Stockings Market?
3. What is the competitive strategic window for opportunities in the Compression Garments & Stockings Market?
4. What are the technology trends and regulatory frameworks in the Compression Garments & Stockings Market?
5. What is the market share of the leading vendors in the Compression Garments & Stockings Market?
6. What modes and strategic moves are considered suitable for entering the Compression Garments & Stockings Market?
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