Overview and Scope
Compression sleeves are garments made of stretchy and elastic materials worn on various body parts to provide graduated compression. These sleeves are designed to exert pressure on the limbs or joints, promoting better circulation, reducing swelling, and supporting muscles and joints during physical activity.
Sizing and Forecast
The compression sleeves market size has grown strongly in recent years. It will grow from $1.22 billion in 2023 to $1.29 billion in 2024 at a compound annual growth rate (CAGR) of 6.4%. The growth in the historic period can be attributed to injury prevention, medical rehabilitation, athletic performance enhancement, fashion and style.
The compression sleeves market size is expected to see strong growth in the next few years. It will grow to $1.68 billion in 2028 at a compound annual growth rate (CAGR) of 6.8%. The growth in the forecast period can be attributed to growing awareness, rising fitness consciousness, aging population. Major trends in the forecast period include customization and personalization, integration of smart technologies, sustainability, expansion into new markets.
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Segmentation & Regional Insights
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, Hypermarkets
4) By Application: Varicose Veins, Wound Care, Burns, Oncology, Oher Applications
North America was the largest region in the compression sleeves market in 2023. 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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Major Driver Impacting Market Growth
The increased prevalence of deep vein thrombosis is driving the growth of the compression sleeves market going forward. Deep vein thrombosis (DVT) is a condition where a blood clot forms in one or more deep veins in the body, commonly in the legs. The prevalence of deep vein thrombosis is increasing due to lifestyle factors, medical conditions, genetic predispositions, and environmental factors. Compression sleeves are beneficial for managing deep vein thrombosis (DVT) by improving blood flow, reducing pain and swelling in the legs, and lowering the risk of developing blood clots. For instance, in August 2023, Nuffield Trust Limited, a UK-based government organization, recorded the highest incidence of DVT in 2021, with 352 cases per 100,000 hospital discharges, which increased to 377 per 100,000 hospital discharges in 2022. Further, in Australia, DVT alone (without concomitant PE) affects 52 people per 100,000 annually. Therefore, the increased prevalence of deep vein thrombosis drives the compression sleeves market.
Key Industry Players
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
The compression sleeves market report table of contents includes:
1. Executive Summary
2. Market Characteristics
3. Market Trends And Strategies
4. Impact Of COVID-19
5. Market Size And Growth
6. Segmentation
7. Regional And Country Analysis
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27. Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
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