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Rising Obesity Rates Fuel Growth In The Compression Garments And Stockings Market: A Key Factor Shaping the Future of the Compression Garments And Stockings Market in 2025
Which drivers are expected to have the greatest impact on the over the compression garments and stockings market's growth?The expected expansion of the compression garments and stockings market is fueled by the growing prevalence of obesity. Obesity, a health condition highlighted by an excessive and potentially dangerous accumulation of body fat, utilizes compression garments to support overweight or obese individuals in alleviating discomfort as they endeavor to shed weight. Besides, these garments enhance blood flow and mitigate swelling and inflammation, common conditions among obese individuals. As stated by the World Heart Federation, a Switzerland-based global cardiovascular non-government organization, in March 2023, about 2.3 billion adults and children were overweight or obese worldwide. It is predicted that the figure will rise to 2.7 billion by 2025 given the ongoing obesity trend, further driving the growth of the compression garments and stockings market. The growth of the compression garments and stockings market is set to be propelled by the increasing occurrence of chronic diseases. Chronic illnesses primarily refer to medical conditions that usually evolve slowly and last for an extended duration and do not resolve on their own. Compression garments and stockings play a significant role in improving the quality of life for individuals dealing with chronic diseases such as venous insufficiency, chronic venous diseases, lymphedema, and diabetes-related circulation issues. These garments exert external pressure to enhance blood circulation, reduce edema, and prevent pooling of blood, essential in managing chronic conditions and avoiding complications. The World Health Organization, a Switzerland-based United Nations agency, reported in September 2022 that 41 million deaths occurred globally each year due to non-communicable diseases (NCDs) or chronic illnesses, constituting 74% of all deaths. This total included 17.9 million deaths from cardiovascular diseases, 9.3 million from cancer, 4.1 million from chronic respiratory diseases, and 2.0 million from diabetes. Hence, the escalation of chronic diseases prompts the expansion of the compression garments and stockings market.
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What is the future CAGR of the compression garments and stockings market, and how will it impact industry expansion?
In recent times, the market size of compression garments and stockings has observed significant growth. The market is projected to expand from $3.24 billion in 2024 to $3.44 billion in 2025, with a compound annual growth rate (CAGR) of 6.1%. Factors contributing to the growth during the historic period include advancements and applications in the medical field, changing population demographics with more aging people, adoption in the sports and fitness industry, incorporation into fashion and style, as well as medical and therapeutic requirements.
The market size of compression garments and stockings is projected to undergo robust growth in the coming years, ballooning to $4.29 billion in 2029 with a compound annual growth rate (CAGR) of 5.7%. The anticipated growth in the forecast period could be driven by factors such as regulatory backing and standardization, the boom in online retail, evolving trends of athleisure and comfortable wear, fashion incorporation and style, heightened awareness and education, and broadening medical uses. Key trends to watch in the forecast period are regulatory support and standardization, increasing popularity of athleisure and comfort wear, online retail and e-commerce expansion, initiatives for awareness and education, and the merging of fashion and style.
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What new trends are reshaping the compression garments and stockings market and its opportunities?
Companies that hold a predominant position in the compression garments and stockings market are continually developing and launching advanced, medical-grade compression garments, like FlexFit Comfort Ankle. This innovation is designed to expand their profit margins within the industry. The FlexFit Comfort Ankle is a distinctive foot device with movable compression sections, which is intended to improve blood flow, lymphatic circulation, and ligament mobility in the ankle. For example, The Marena Group, a manufacturing enterprise originating from the United States that specializes in medical-grade compression, introduced a lipedema compression garment in July 2023. This garment came equipped with the FlexFit Comfort Ankle technology, which is crucial for providing comfort and addressing discomfort throughout the healing process. This product is specifically designed to assist those who are recuperating from lipedema reduction treatments. Notably, this novel lipedema wear also utilizes Marena's exclusive TriFlex Fabric, predominantly known for its benefits during the post-operative recovery period following liposuction procedures. This material provides a multidirectional 3D stretch, has a moisture-wicking and cooling capacity, can enhance the wearer's shape, and comes with features that inhibit bacterial growth.
Which key market segments comprise the compression garments and stockings market and drive its revenue growth?
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
Subsegments:
1) By Compression Garments: Compression Shirts, Compression Sleeves (Arm And Leg), Compression Shorts, Full-Body Compression Suits
2) By Compression Stockings: Knee-High Compression Stockings, Thigh-High Compression Stockings, Waist-High Compression Stockings, Anti-Embolism Stockings
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What regions are at the forefront of compression garments and stockings market expansion?
North America was the largest region in the compression garments and stockings market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the compression garments and stockings market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Who are the leading players fueling growth in the compression garments and stockings market?
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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What Is Covered In The Compression Garments And Stockings Global Market Report?
• Market Size Forecast: Examine the compression garments and stockings market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the compression garments and stockings market for a structured understanding.
• Key Players Overview: Analyze major players in the compression garments and stockings market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the compression garments and stockings market.
• Segment Contributions: Evaluate how different segments drive overall growth in the compression garments and stockings market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the compression garments and stockings market.
• Industry Challenges: Identify potential risks and obstacles affecting the compression garments and stockings market.
• Competitive Landscape: Review strategic developments in the compression garments and stockings market, including expansions, agreements, and new product launches.
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