Press release
Global Trends Overview: The Fast-Paced Development of the Compression Sleeves Market
Compression Sleeves
Compression Sleeves Market Size Expected to Grow Steadily Through 2029
The market for compression sleeves is projected to reach $1.75 billion by 2029, growing at a compound annual growth rate (CAGR) of 6.1%. This anticipated growth is driven by factors such as heightened public awareness of health benefits, an increase in fitness activities worldwide, and the expanding aging population. Additionally, emerging trends like product customization, smart technology integration, sustainability efforts, and entry into untapped markets are expected to positively impact the market trajectory during the forecast period.
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Leading Companies That Drive the Compression Sleeves Market Forward
Several prominent companies dominate the compression sleeves industry, including 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, and CW-X.
In a notable strategic move in July 2022, US healthcare technology firm Enovis acquired Insight Medical Systems for an undisclosed sum. This acquisition aims to enhance orthopedic surgical outcomes by incorporating next-generation augmented reality surgical guidance technology into Enovis' procedures. Insight Medical Systems, based in the US, is known for producing various healthcare products, including compression sleeves.
Product Innovation Trends Boosting Growth in Compression Sleeves
Manufacturers in the compression sleeves market are focusing on developing advanced products to better meet consumer demands. For example, knee sleeves-tight-fitting garments designed to provide warmth, support, and compression to the knee joint-are gaining popularity among athletes, fitness enthusiasts, and individuals recovering from knee injuries. These sleeves help alleviate pain, improve blood flow, and reduce swelling during daily activities and workouts.
A specific example is OS1st's launch of the KS8 Performance Knee Sleeve in November 2022. This US-based company designed the sleeve to serve athletes and those experiencing chronic knee issues or undergoing rehabilitation. The KS8 features removable semi-rigid stays, moisture-wicking fabric, and silver-ion antimicrobial treatment for effective yet flexible support. Made from micro-Nylon and LYCRA Spandex, it ensures comfort for extended wear, making it ideal for joint pain, arthritis, and active lifestyles.
View the full compression sleeves market report:
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How the Compression Sleeves Market Is Categorized
The compression sleeves market is segmented into multiple categories for a detailed understanding:
1) By Product Type: Arm Compression Sleeves, Bandages, Leg Compression Sleeves, and Other Products
2) By Technique: Static and Dynamic
3) By Distribution Channel: Hospital Pharmacies, Retail Pharmacies, Online Sales, and Hypermarkets
4) By Application: Varicose Veins, Wound Care, Burns, Oncology, and Other Applications
Further breakdowns include:
- Arm Compression Sleeves such as Full-Length Arm Sleeves, Elbow Sleeves, Compression Gloves, Forearm Sleeves, and Compression Sleeves with Padding
- Bandages including Elastic Bandages, Compression Wraps, Kinesiology Tape, Self-Adhesive Bandages, and Sports Bandages
- Leg Compression Sleeves like Full-Length Leg Sleeves, Calf Sleeves, Knee Sleeves, Compression Socks, and Thigh Sleeves
- Other Products comprising Compression Shorts, Compression Shirts, Compression Wraps for Injuries, Compression Hosiery, and Compression Vests
This comprehensive segmentation highlights the wide array of products and applications meeting diverse consumer needs within the compression sleeves market.
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