Global Compression Garments Stockings Market
Marktgröße in Milliarden USD
CAGR : %
Prognosezeitraum |
2024 –2030 |
Marktgröße (Basisjahr) | USD 2,713.54 Million |
Marktgröße (Prognosejahr) | USD 4,028.56 Million |
CAGR |
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Wichtige Marktteilnehmer |
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Global Compression Garments and Stockings Market, By Product Type (Compression Garments, Compression Stockings), Application (Varicose Veins, Wound Care, Burn Cases, Oncology, Other), Distribution Channel (Hospitals, Ambulatory Surgical Centers, Clinics, Online Sales, Other Healthcare Facilities) – Industry Trends and Forecast to 2031.
Compression Garments and Stockings Market Analysis and Size
The incidence of varicose veins is common, and their incidence increases with age. They can affect both men and women also; the prevalence of varicose veins is estimated to be around 10-15% of men and 20-25% of women in the general population, and this may be higher in certain demographics, such as older adults and pregnant women. In addition, the World Health Organization (WHO) estimates that there are approximately 11 million burn injuries requiring medical attention each year. The prevalence is higher in low- and middle-income countries.
Data Bridge Market Research analyzes that the global compression garments and stockings market, which was USD 2,713.54 million in 2023, is likely to reach USD 4,028.56 million by 2031 and is expected to undergo a CAGR of 5.4% during the forecast period. “Compression garments” dominate the product type segment of the market due to the rise in the incidence of chronic diseases. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
Compression Garments and Stockings Market Scope and Segmentation
Report Metric |
Details |
Forecast Period |
2024 to 2031 |
Base Year |
2023 |
Historic Years |
2022 (Customizable to 2016-2021) |
Quantitative Units |
Revenue in USD Million, Volumes in Units, and Pricing in USD |
Segments Covered |
By Product Type (Compression Garments, Compression Stockings), Application (Varicose Veins, Wound Care, Burn Cases, Oncology, Other), Distribution Channel (Hospitals, Ambulatory Surgical Centers, Clinics, Online Sales, Other Healthcare Facilities) |
Countries Covered |
U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, U.A.E., Egypt, Israel, Rest of Middle East & Africa |
Market Players Covered |
3M (U.S.), BSN Medical (Germany), Nouvelle Inc. (U.S.), Medical Z (U.S.), medi GmbH & Co KG (Germany), Medtronic (Ireland), SIGVARIS GROUP (U.S.), BIOCOMPRESSION SYSTEMS (U.S.), PAUL HARTMANN AG (Germany), Therafirm. (U.S.), Santemol Group Medikal (Turkey), 2XU (Australia), Smith & Nephew plc (UK), Julius Zorn, Inc. (U.S.), Comfort Plus Corporation (Taiwan), VIM & VIGR (U.S.), medi UK Ltd (UK), Cardinal Health. (U.S.), E.C.I. ELASTIC CO., LTD. (Taiwan), Juzo (Germany), Design Veronique. (U.S.), Medico International Inc. (U.S.), Marena Group, LLC (U.S.), SANYLEG SRL a socio unico (Italy) |
Market Opportunities |
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Market Definition
Compression garments and stockings is for specialized garments and stockings designed to apply graduated pressure to the limbs, torso, or other body parts. Compression garments and stockings are used for medical purposes, sports and fitness activities, and aesthetics. They exert controlled pressure to improve blood circulation, reduce swelling, prevent deep vein thrombosis (DVT), manage lymphedema, and provide support and comfort.
Global Compression Garments and Stockings Market Dynamics
Drivers
- Growing incidence of chronic diseases
The rising prevalence of chronic diseases, including venous disorders, lymphedema, diabetes, and deep vein thrombosis, drives the demand for compression garments and stockings. These conditions often require compression therapy to manage symptoms and improve circulation, thereby propelling market growth.
- Increasing aging population
The aging population is a significant driver for the compression garments and stockings market. With age, individuals are more susceptible to venous insufficiency, varicose veins, and other circulatory problems. Compression therapy becomes essential for managing these conditions, leading to increased demand for compression garments and stockings.
- Sports and fitness applications
The use of compression garments in sports and fitness activities has gained popularity due to their potential benefits in enhancing performance, reducing muscle fatigue, and improving recovery. Athletes and fitness enthusiasts use compression garments to support muscles, enhance blood flow, and reduce the risk of injuries, driving market growth
Opportunities
- Increasing awareness and education
Educating healthcare professionals, patients, and the general public about the benefits of compression therapy and proper garment selection can create opportunities for market growth. Awareness campaigns and educational initiatives can drive the adoption of compression garments and stockings.
- Expansion of applications in aesthetics and beauty
The use of compression garments and stockings for aesthetic purposes, such as body shaping and post-surgical recovery, presents opportunities for market expansion. The rising interest in cosmetic procedures and body contouring drives the demand for compression garments in the aesthetics market.
Restraints/Challenges
- High Cost of Treatment
The cost of asthma medications, particularly newer biologics and targeted therapies, can be high. This can limit access to these treatments, especially in developing countries or for individuals without adequate insurance coverage. Affordability remains a significant challenge in the market.
- Lack of awareness and reluctance to adopt
Limited awareness about the benefits of compression therapy and reluctance to adopt compression garments and stockings can hinder market growth. Educating healthcare professionals and consumers about the advantages of compression therapy and dispelling misconceptions are essential for market expansion.
- Lack of standardization and regulation
The lack of standardized guidelines for compression therapy and variations in regulations across different regions pose challenges for manufacturers and healthcare professionals. Standardization efforts and clearer regulations are needed to ensure product quality and consistency.
This compression garments and stockings market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the compression garments and stockings market contact Data Bridge Market Research for an analyst brief, our team will help you make an informed market decision to achieve market growth.
Recent Development
- In October 2020, following orthopaedic surgical repair of lower extremity fractures, 3M announced the availability of the PREVENA RESTOR AXIO.FORM Incision Management System, which is used to manage post-operative incisions as well as the surrounding soft tissue envelope
Global Compression Garments and Stockings Market Scope
The compression garments and stockings market is segmented on the basis of product type, application, and distribution channel. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Product Type
- Compression Garments
- Compression Stockings
Application
- Varicose Veins
- Wound Care
- Burn Cases
- Oncology
- Other
Distribution Channel
- Hospitals
- Ambulatory Surgical Centers
- Clinics
- Online Sales
- Other Healthcare Facilities
Global Compression Garments and Stockings Market Regional Analysis/Insights
The compression garments and stockings market is analyzed and market size insights and trends are provided by country, product type, application, and distribution channel as referenced above.
The countries covered in the market report are U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, rest of Asia-Pacific, Brazil, Argentina, rest of South America, South Africa, Saudi Arabia, U.A.E., Egypt, Israel, and rest of Middle East & Africa.
North America is expected to dominate the market due to the increase in the aging population. Furthermore, the rise in the rate of sports injuries will further boost the growth of the compression garments and stockings market in the region during the forecast period.
Asia-Pacific is expected to witness significant growth during the forecast period due to the rise in the knowledge amongst the consumers related to the advantages of the products. Moreover, the growing online sales is further anticipated to propel the growth of the compression garments and stockings market in the region in the coming years.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends, and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure Growth Installed Base and New Technology Penetration
The compression garments and stockings market also provides you with a detailed market analysis for every country's growth in healthcare expenditure for capital equipment, installed base of different kinds of products for the compression garments and stockings market, the impact of technology using lifeline curves and changes in healthcare regulatory scenarios and their impact on the compression garments and stockings market.
Competitive Landscape and Global Compression Garments and Stockings Market Share Analysis
The compression garments and stockings market competitive landscape provides details by competitors. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width, and breadth, application dominance. The above data points provided are only related to the companies' focus related to the compression garments and stockings market.
Some of the major players operating in the compression garments and stockings market are:
- 3M (U.S.)
- BSN Medical (Germany)
- Nouvelle Inc. (U.S.)
- Medical Z (U.S.)
- medi GmbH & Co KG (Germany)
- Medtronic (Ireland)
- SIGVARIS GROUP (U.S.)
- BIOCOMPRESSION SYSTEMS (U.S.)
- PAUL HARTMANN AG (Germany)
- Therafirm. (U.S.)
- Santemol Group Medikal (Turkey)
- 2XU (Australia)
- Smith & Nephew plc (UK)
- Julius Zorn, Inc. (U.S.)
- Comfort Plus Corporation (Taiwan)
- VIM & VIGR (U.S.)
- medi UK Ltd (UK)
- Cardinal Health. (U.S.)
- E.C.I. ELASTIC CO., LTD. (Taiwan)
- Juzo (Germany)
- Design Veronique. (U.S.)
- Medico International Inc. (U.S.)
- Marena Group, LLC (U.S.)
- SANYLEG SRL a socio unico (Italy)
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