North America Compression Garments and Stockings Market is expected to grow with a CAGR of 6.8% in the forecast period of 2023 to 2030. The years considered for the study are as mentioned below:
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The North America compression garments and stockings market is a highly consolidated market, which includes a specific number of key players. The market has witnessed increased strategic developments owing to a favorable market scenario.
The major players dealing in the North America compression garments and stockings market are introducing a strong range of products provided and adopting strategic initiatives such as acquisition, agreement, business expansion, award, and recognition into the market. This helped companies to maximize sales with enhanced portfolios.
Essity Medical Solutions is the dominating player in the North America compression garments and stockings market. The other key players existing in the market include Tactile Medical, Cardinal Health, Zimmer Biomet, PAUL HARTMANN AG, 3M, Smith & Nephew, URGO, L&R USA INC., Convatec Inc., Thusane USA, IntelliSkin., AIROS Medical, Inc., GAME READY, ACI Medical, LLC, lipoelastic.com, Wear Ease, SUNPOLAR International Co., Ltd, SIGVARIS GROUP, Arjo, THE MARENA GROUP, LLC., AdvaCare Pharma, LympheDIVAs, Juzo., Medico International Inc., among others.
Essity Medical Solutions.
Essity Medical Solutions is headquartered in North Carolina, U.S. was founded in the year 1929. The company is engaged in manufacturing and providing innovative, high-quality medical solutions in compression, wound care, and orthopedics. The company operates its business via several business segments, including personal care, consumer tissue, and professional hygiene, in which personal care is the market-focused segment. The company provides products via various product categories such as health & medical, consumer goods, and professional hygiene, in which health & medical is the market-focused category.
For instance,
- In December 2021, Essity Medical Solutions announced that the company acquired Hydrofera, a global company offering technology and products in advanced wound care. This supports the company's strategic priority to grow through acquisitions in medical solutions in the U.S. market.
The company has a wide presence across North America, South America, Europe, Asia-Pacific, the Middle East, and Africa. The company also has various subsidiary companies, including Knix Wear Inc., Modibodi US, Everwipe, AquaCast Liner LLC, ABIGO Medical AB, among others.
Tactile Medical.
Tactile Medical.is headquartered in Minneapolis, U.S.was founded in the year 1995. The company focuses on supplying distinctive products such as cutting-edge, clinically validated pneumatic compression devices and continuity of care services helping to boost clinical efficacy and lower total healthcare costs.
- In July 2022, Tactile Medical announced the release of kylee mobile application, offering new "ComfortEase garments" as a part of the "flexitouch plus system" to track lymphedema health in the patients' hands. Patients who use the ComfortEase clothing have access to an efficient at-home therapy program and lymphedema symptom relief. This has aided the business in expanding its selection of products.
The company provides products via various product categories such as afflovest, flexitouch plus system, and entre system, in which flexitouch plus system and entre system are market-focused categories. The company has a wide presence in North America.
Cardinal Health
Cardinal Health is headquartered in Ohio, U.S.was founded in the year 1971. The company focuses on manufacturing customized and cost-effective solutions that enhance supply chain Efficiency. The company operates its business via several business segments, including the pharmaceutical segment and the medical segment, in which the medical segment is the market-focused segment. The company has a wide presence in North America, Europe, Asia-Pacific, the Middle East, and Africa.
- In February 2022, Cardinal Health announced that Forbes had recognized the company as one of America's Best Large Employers 2022, which contains more than 500 public and private corporations, hospitals, universities, and more, across dozens of industries. This results in expanding global recognition in the market.
The company has various subsidiaries that are Allegiance (BVI) Holdings Co. Ltd., Allegiance Corporation, Allegiance Healthcare (Labuan) Pte. Ltd., Allegiance Labuan Holdings Pte. Ltd., Almus Pharmaceuticals Singapore Pte. Ltd., among others.
