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Compression Garments And Stockings Market Analysis, Key Players, Trends, Growth And Forecast 2024-2033
Compression Garments And Stockings Market
The Business Research Company offers in-depth market insights through Compression Garments And Stockings Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
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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Market Segmentation:
The compression garments and stockings market covered in this report is segmented -
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
Major Driver - Rising Obesity Rates Fuel Growth In The Compression Garments And Stockings Market
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.
Competitive Landscape:
Major companies operating in the compression garments and stockings market report are 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
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https://www.thebusinessresearchcompany.com/report/compression-garments-and-stockings-global-market-report
Top Trend - Increasing Focus On Introducing Medical-Grade Compression Garments With Innovative Features To Drive Revenues
Major companies operating in the compression garments and stockings market are increasing their focus on introducing medical-grade compression garments with innovative features, such as FlexFit Comfort Ankle, to drive their revenues in the market. FlexFit Comfort Ankle is a unique foot design with sliding compression sections, promoting enhanced blood circulation, lymphatic flow, and ankle flexibility. For instance, in July 2023, The Marena Group, a US-based manufacturing company providing medical-grade compression, launched a lipedema compression garment featuring the innovative FlexFit Comfort Ankle, which is essential for ensuring comfort and managing discomfort during healing. This product was crafted notably to support individuals recovering from lipedema reduction procedures. Furthermore, this new lipedema garment also incorporated Marena's proprietary TriFlex Fabric, mainly used for its post-surgical recovery advantages after liposuction. This fabric offers multidirectional 3D stretch, moisture-wicking and cooling effects, shape-enhancing attributes, and features that prevent microbial growth.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Compression Garments And Stockings Market Characteristics
3. Compression Garments And Stockings Market Trends And Strategies
4. Compression Garments And Stockings Market - Macro Economic Scenario
5. Compression Garments And Stockings Market Size And Growth
…..
27. Compression Garments And Stockings Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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