The compression sleeves global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Compression Sleeves Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
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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Scope Of Compression Sleeves Market
The Business Research Company’s reports encompass a wide range of information, including:
- Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
- Drivers: Examination of the key factors propelling market growth.
- Trends: Identification of emerging trends and patterns shaping the market landscape.
- Key Segments: Breakdown of the market into its primary segments and their respective performance.
- Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
- Macro Economic Factors: Assessment of broader economic elements impacting the market.
Compression Sleeves Market Overview
Market Drivers –
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.
Market Trends –
Major companies operating in the compression stockings market are focused on developing innovative products, such as Female Curves Bodysuits, to better serve customers with advanced features. A female curves bodysuit is a specialized clothing item engineered to exert controlled pressure on the body, commonly utilized for recuperation after surgery or for medical needs. For instance, in January 2023, Marena Group LLC, a US-based manufacturer of medical-grade compression garments, shapewear, and activewear, launched a new female curves bodysuit for women with naturally curvy body types who are seeking body sculpting procedures, such as liposuction, to further enhance their curves. These compression garments are designed to provide support and improve comfort during the recovery process after surgery.
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
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Regional Insights –
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.
Key Companies –
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
Table of Contents
- Executive Summary
- Compression Sleeves Market Report Structure
- Compression Sleeves Market Trends And Strategies
- Compression Sleeves Market – Macro Economic Scenario
- Compression Sleeves Market Size And Growth
…..
- Compression Sleeves Market Competitor Landscape And Company Profiles
- Key Mergers And Acquisitions
- Future Outlook and Potential Analysis
- Appendix
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