Compression Sleeves Market Size, Share Analysis, Trends, Industry Outlook 2024 To 2033

The compression sleeves market size has grown strongly in recent years. It will grow from $1.22 billion in 2023 to $1.29 billion in 2024 at a compound annual growth rate (CAGR) of 6.4%. The growth in the historic period can be attributed to injury prevention, medical rehabilitation, athletic performance enhancement, fashion and style.

The compression sleeves market size is expected to see strong growth in the next few years. It will grow to $1.68 billion in 2028 at a compound annual growth rate (CAGR) of 6.8%. The growth in the forecast period can be attributed to growing awareness, rising fitness consciousness, aging population. Major trends in the forecast period include customization and personalization, integration of smart technologies, sustainability, expansion into new markets.

Market Overview -
Compression sleeves are garments made of stretchy and elastic materials worn on various body parts to provide graduated compression. These sleeves are designed to exert pressure on the limbs or joints, promoting better circulation, reducing swelling, and supporting muscles and joints during physical activity.

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Driving Forces Behind The Growth Of The Compression Sleeves Market Addressing The Rise In Deep Vein Thrombosis Cases
The increased prevalence of deep vein thrombosis is driving the growth of the compression sleeves market going forward. Deep vein thrombosis (DVT) is a condition where a blood clot forms in one or more deep veins in the body, commonly in the legs. The prevalence of deep vein thrombosis is increasing due to lifestyle factors, medical conditions, genetic predispositions, and environmental factors. Compression sleeves are beneficial for managing deep vein thrombosis (DVT) by improving blood flow, reducing pain and swelling in the legs, and lowering the risk of developing blood clots. For instance, in August 2023, Nuffield Trust Limited, a UK-based government organization, recorded the highest incidence of DVT in 2021, with 352 cases per 100,000 hospital discharges, which increased to 377 per 100,000 hospital discharges in 2022. Further, in Australia, DVT alone (without concomitant PE) affects 52 people per 100,000 annually. Therefore, the increased prevalence of deep vein thrombosis drives the compression sleeves market.

Competitive Landscape -
Major companies operating in the compression sleeves market are Nike Inc., Adidas AG, Medi USA, Zensah, 2XU Pty. Ltd., Mueller Sports Medicine, Vive Health, Sigvaris Group, CEP Compression, Rehband, Copper Fit, Mava Sports, Zamst, Vitalsox, Under Armour, Tommie Copper, Therafirm, SKINS Compression, Shock Doctor Inc., Run Forever Sports, Pro-Tec Athletics, OS1st, Orthosleeve, Mojo Compression, McDavid, EvoShield, CW-X

Innovative Compression Sleeve Market Introducing Trailblazer Calf Sleeves By BioSkin
Major companies operating in the compression sleeves market are developing innovative products, such as Trailblazer calf sleeves, to serve customers with advanced features better. The Trailblazer calf sleeves stimulate blood flow, expedite recovery, and offer anti-odor technology, moisture-wicking properties, and abrasion resistance. For instance, in December 2021, BioSkin, a US-based medical equipment manufacturer, launched the Trailblazer calf sleeves. These sleeves deliver pain-relieving compression to the lower leg muscles, tendons, and ligaments; they stimulate blood flow and expedite recovery. Engineered with medical-grade compression, these sleeves are tailored to enhance recovery and optimize performance. These calf sleeves are crafted from a double layer of smooth Italian warp-knit fabric with a high degree of stretch. They are designed to flex with the muscles in the lower leg, providing pain-relieving compression to the muscles, tendons, and ligaments.

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Key Segments -
The compression sleeves market covered in this report is segmented -
1) By Product: Arm Compression Sleeves, Bandages, Leg Compression Sleeves, Other Products
2) By Technique: Static, Dynamic
3) By Distribution Channel: Hospital Pharmacies, Retail Pharmacies, Online Sales, Hypermarkets
4) By Application: Varicose Veins, Wound Care, Burns, Oncology, Oher Applications

Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics

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