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Driving Forces Behind The Growth Of The Compression Sleeves Market Addressing The Rise In Deep Vein Thrombosis Cases: Strengthening the Growth Trajectory of the Compression Sleeves Market
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.What Is the Expected CAGR for the Compression Sleeves Market Through 2025?
In the past few years, the market size of compression sleeves has seen substantial growth. Its expansion is set to continue, increasing from $1.29 billion in 2024 to $1.39 billion in 2025, at a compound annual growth rate (CAGR) of 7.0%. Factors such as injury prevention, medical recuperation, enhancement of athletic performance, and style and fashion trends have contributed to the growth observed in the historic period.
What's the Projected Size of the Global Compression Sleeves Market by 2029?
In the coming years, the market for compression sleeves is anticipated to experience robust growth, with projections indicating an increase to $1.8 billion by 2029. This represents a compound annual growth rate (CAGR) of 6.7%. Factors contributing to growth during this forecast period include increased awareness, heightened fitness consciousness, and an aging populace. Additionally, prominent trends predicted for this period include customization and personalization, adoption of smart technologies, sustainable practices, and penetration into new markets.
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Top Growth Drivers in the Compression Sleeves Industry: What's Accelerating the Market?
The surge in incidences of deep vein thrombosis is propelling the expansion of the compression sleeves sector. Deep vein thrombosis (DVT) is a health condition wherein a blood clot appears in a deep vein or multiple veins within the human body, particularly the legs. Various factors, such as lifestyle, health issues, genetic factors and environmental influences, attribute to the increasing prominence of the condition. Compression sleeves serve as an effective measure to control DVT, as they augment blood circulation, relieve pain and swelling in the legs and lessen the chances of blood clot formation. For instance, Nuffield Trust Limited, a governmental body based in the UK, reported the most number of DVT cases in 2021 - a rate of 352 recorded for every 100,000 hospital discharges, which escalated to 377 per 100,000 hospital discharges in the following year. Moreover, excluding PE, DVT impacts 52 out of 100,000 individuals annually in Australia. Thus, the mounting incidence rate of deep vein thrombosis fuels the growth of the compression sleeves industry.
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What Trends Will Shape the Compression Sleeves Market Through 2029 and Beyond?
Leading businesses in the compression sleeves industry are introducing innovative designs such as the Knee Sleeve, aimed at providing consumers with enhanced features. A knee sleeve, which is a snug, supportive clothing piece, is designed to offer warmth, support, and compression to the knee joint. These sleeves are commonly used by athletes, fitness lovers, and individuals recovering from knee-related problems. They play a crucial role in pain alleviation, blood circulation improvement, and edema reduction in daily activities or physical exercise. For instance, in November 2022, OS1st, an American company that manufactures high-performance socks and compression bracing products, unveiled the KS8 Performance Knee Sleeve. It's designed for multiple applications, but its primary target group includes athletes and those who need knee support during workouts. It can be worn daily by individuals with chronic knee issues and during injury recovery. The KS8, featuring removable semi-rigid stays, fabric that wicks away moisture, and a silver-ion antimicrobial treatment, offers robust yet adaptable support, making it perfect for joint pain, arthritis, and physically active lifestyles. The sleeve's material combines micro-Nylon and LYCRA Spandex, ensuring comfort for extended use.
What Are the Main Segments in the Compression Sleeves Market?
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, Hyper markets
4) By Application: Varicose Veins, Wound Care, Burns, Oncology, Oher Applications
Subsegments:
1) By Arm Compression Sleeves: Full-Length Arm Sleeves, Elbow Sleeves, Compression Gloves, Forearm Sleeves, Compression Sleeves with Padding
2) By Bandages: Elastic Bandages, Compression Wraps, Kinesiology Tape, Self-Adhesive Bandages, Sports Bandages
3) By Leg Compression Sleeves: Full-Length Leg Sleeves, Calf Sleeves, Knee Sleeves, Compression Socks, Thigh Sleeves
4) By Other Products: Compression Shorts, Compression Shirts, Compression Wraps for Injuries, Compression Hosiery, Compression Vests
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Which Top Companies are Driving Growth in the Compression Sleeves Market?
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
Which Regions Will Dominate the Compression Sleeves Market Through 2029?
North America was the largest region in the compression sleeves market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the compression sleeves market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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