The Compression Garments And Stockings Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Compression Garments And Stockings Global Market Report 2024, The compression garments and stockings market size has grown strongly in recent years. It will grow from $3.05 billion in 2023 to $3.24 billion in 2024 at a compound annual growth rate (CAGR) of 6.4%. The growth in the historic period can be attributed to medical advancements and applications, aging population demographics, sports and fitness industry adoption, fashion and style integration, medical and therapeutic needs..
The compression garments and stockings market size is expected to see strong growth in the next few years. It will grow to $4.03 billion in 2028 at a compound annual growth rate (CAGR) of 5.6%. The growth in the forecast period can be attributed to regulatory support and standardization, online retail expansion, athleisure and comfort wear trends, fashion integration and style, increasing awareness and education, expanding medical applications.. Major trends in the forecast period include regulatory support and standardization, athleisure trends and comfort wear, online retail and e-commerce growth, awareness and education initiatives, fashion and style integration..
The increasing incidence of obesity is expected to propel the growth of the compression garments and stockings market going forward. Obesity is a medical condition characterized by an unusually high and potentially unhealthy accumulation of body fat. Compression garments are used to assist individuals who are overweight or obese in alleviating pain and discomfort as they work towards losing weight, and it also help to improve circulation and reduce swelling and inflammation, which are common in overweight and obese individuals. For instance, in March 2023, according to the World Heart Federation, a Switzerland-based non-government global cardiovascular community, globally around 2.3 billion adults and children were obese or overweight, and with the current obesity trend, it is estimated that the number of people living with obesity will reach 2.7 billion by 2025. Therefore, the increasing incidence of obesity is driving the growth of the compression garments and stockings market.
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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
Major companies operating in the compression garments and stockings market are increasing their focus on introducing medical-grade compression garments with innovative features, such as FlexFit Comfort Ankle, to drive their revenues in the market. FlexFit Comfort Ankle is a unique foot design with sliding compression sections, promoting enhanced blood circulation, lymphatic flow, and ankle flexibility. For instance, in July 2023, The Marena Group, a US-based manufacturing company providing medical-grade compression, launched a lipedema compression garment featuring the innovative FlexFit Comfort Ankle, which is essential for ensuring comfort and managing discomfort during healing. This product was crafted notably to support individuals recovering from lipedema reduction procedures. Furthermore, this new lipedema garment also incorporated Marena’s proprietary TriFlex Fabric, mainly used for its post-surgical recovery advantages after liposuction. This fabric offers multidirectional 3D stretch, moisture-wicking and cooling effects, shape-enhancing attributes, and features that prevent microbial growth.
The compression garments and stockings market report table of contents includes:
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