Press release
Compression Garments Market to Observe Strong Growth by 2030 | 3M, Nouvelle, Therafirm
Compression Garments Market
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According to HTF Market Intelligence, the Global Compression Garments market to witness a CAGR of 5.5% during forecast period of 2024-2030. Global Compression Garments Market Breakdown by Application (Medical & Therapeutic, Sports & Fitness, Travel & Leisure, Pregnancy & Postpartum) by Type (Compression Stockings, Compression Tapes, Compression Sleeves, Compression Socks, Compression Bandages, Other Compression Garments (Compression Shirts, Shorts, etc.)) by End User (Hospitals & Clinics, Home Care Settings, Sports Academies & Fitness Centers, Other End Users (Travelers, Pregnant Women, etc.)) by Sales Channel (Pharmacies & Retail Stores, Online Platforms, Direct Sales) and by Geography (North America, South America, Europe, Asia Pacific, MEA). The report includes historic market data from 2019 to 2023E. Currently, market value is pegged at USD 150.3 Million.
The Compression Garments Market refers to the sector of the clothing industry focused on producing garments designed to apply pressure to specific parts of the body. These garments are typically made from elastic materials and are designed to fit snugly to the body. Compression garments are commonly used in medical settings for conditions such as lymphedema, deep vein thrombosis (DVT), and venous insufficiency, where they aid in improving circulation and reducing swelling.
Market Drivers
• Rising prevalence of chronic conditions drives demand for compression garments.
• Increased interest in sports and fitness boosts demand for performance-enhancing apparel like compression garments.
Market Trend
• Advancements in technologies like moisture management and targeted compression drive market trends.
• Manufacturers investing in R&D for advanced compression wear cater to evolving demands of athletes and fitness enthusiasts.
Opportunities
• Increasing prevalence of age-related health conditions drives demand for compression garments.
Market Restraints:
• Perception of discomfort hinders acceptance of compression garments.
• Lack of consumer education and affordability pose challenges to market penetration.
Major Highlights of the Compression Garments Market report released by HTF MI
Global Compression Garments Market Breakdown by Application (Medical & Therapeutic, Sports & Fitness, Travel & Leisure, Pregnancy & Postpartum) by Type (Compression Stockings, Compression Tapes, Compression Sleeves, Compression Socks, Compression Bandages, Other Compression Garments (Compression Shirts, Shorts, etc.)) by End User (Hospitals & Clinics, Home Care Settings, Sports Academies & Fitness Centers, Other End Users (Travelers, Pregnant Women, etc.)) by Sales Channel (Pharmacies & Retail Stores, Online Platforms, Direct Sales) and by Geography (North America, South America, Europe, Asia Pacific, MEA)
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Geographically, the detailed analysis of consumption, revenue, market share, and growth rate of the following regions:
• The Middle East and Africa (South Africa, Saudi Arabia, UAE, Israel, Egypt, etc.)
• North America (United States, Mexico & Canada)
• South America (Brazil, Venezuela, Argentina, Ecuador, Peru, Colombia, etc.)
• Europe (Turkey, Spain, Turkey, Netherlands Denmark, Belgium, Switzerland, Germany, Russia UK, Italy, France, etc.)
• Asia-Pacific (Taiwan, Hong Kong, Singapore, Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia).
Informational Takeaways from the Market Study: The report Compression Garments matches the completely examined and evaluated data of the noticeable companies and their situation in the market considering impact of Coronavirus. The measured tools including SWOT analysis, Porter's five powers analysis, and assumption return debt were utilized while separating the improvement of the key players performing in the market.
Key Development's in the Market: This segment of the Compression Garments report fuses the major developments of the market that contains confirmations, composed endeavours, R&D, new thing dispatch, joint endeavours, and relationship of driving members working in the market.
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Some of the important question for stakeholders and business professional for expanding their position in the Compression Garments Market:
Q 1. Which Region offers the most rewarding open doors for the market Ahead of 2023?
Q 2. What are the business threats and Impact of latest scenario over the market Growth and Estimation?
Q 3. What are probably the most encouraging, high-development scenarios for Compression Garments movement showcase by applications, types and regions?
Q 4.What segments grab most noteworthy attention in Compression Garments Market in 2023 and beyond?
Q 5. Who are the significant players confronting and developing in Compression Garments Market?
Compression Garments Market Study Coverage:
• It includes major manufacturers, emerging player's growth story, and major business segments of Compression Garments market, years considered, and research objectives. Additionally, segmentation on the basis of the type of product, application, and technology.
• Compression Garments Market Executive Summary: It gives a summary of overall studies, growth rate, available market, competitive landscape, market drivers, trends, and issues, and macroscopic indicators.
• Compression Garments Market Production by Region
• Compression Garments Market Profile of Manufacturers-players are studied on the basis of SWOT, their products, production, value, financials, and other vital factors.
• Key Points Covered in Compression Garments Market Report: Overview, drivers and barriers
• Compression Garments Market Competition by Manufacturers
• Compression Garments Market Capacity, Production, Revenue (Value) by Region (2024-2030)
• Compression Garments Market Supply (Production), Consumption, Export, Import by Region (2024-2030)
• Compression Garments Market Manufacturers Profiles/Analysis
• Compression Garments Market Manufacturing Cost Analysis, Industrial/Supply Chain Analysis, Sourcing Strategy and Downstream Buyers, Marketing
• Strategy by Key Manufacturers/Players, Connected Distributors/Traders Standardization, Regulatory and collaborative initiatives, Industry road map and value chain Market Effect Factors Analysis.
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Nidhi Bhavsar (PR & Marketing Manager)
HTF Market Intelligence Consulting Private Limited
Phone: +15075562445
sales@htfmarketintelligence.com
About Author:
HTF Market Intelligence consulting is uniquely positioned empower and inspire with research and consulting services to empower businesses with growth strategies, by offering services with extraordinary depth and breadth of thought leadership, research, tools, events and experience that assist in decision making.
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