Global Compression Garments And Stockings Market Growth Analysis 2024 – Forecast Market Size And Key Factors Driving Growth

Overview and Scope

Compression garments and stockings refer to the specialized attire made with elastomeric fibers designed to exert significant mechanical force on specific body zones to provide stability, compression, and support to the tissues beneath. They are used for medical therapy, sports, and other applications.

Sizing and Forecast

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..

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Segmentation & Regional Insights

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

North America was the largest region in the compression garments and stockings market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the compression garments and stockings market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

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Major Driver Impacting Market Growth

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.

Key Industry Players

Major companies operating in the compression garments and stockings market report are 3M Company, BSN Medical Pvt. Ltd., Medi GmBH & Co. KG, SIGVARIS Group, Medical Z, Medtronic PLC, Paul Hartmann AG, Biocompression Systems, 2XU Pty Ltd., Smith & Nephew PLC, Lymphedivas, Narang Medical Limited, Sanyleg SRL, Santemol Group Medikal, Leonisa S.A., Creswell Sock Mills LLC, Spanx Inc., Julius Zorn GmbH, Comfort Plus Corporation, VIM & VIGR LLC, Tommie Copper Inc., Venosan, Tactile Medical, Design Veronique, Medico International Inc., Marena Group LLC, Therafirm LLC, Ann Chery Beauty Inc., Colfax Corp., Zensah Company

The compression garments and stockings market report table of contents includes:

1. Executive Summary
2. Compression Garments And Stockings Market Characteristics
3. Compression Garments And Stockings Market Trends And Strategies
4. Compression Garments And Stockings Market – Macro Economic Scenario
5. Global Compression Garments And Stockings Market Size and Growth
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32. Global Compression Garments And Stockings Market Competitive Benchmarking
33. Global Compression Garments And Stockings Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Compression Garments And Stockings Market
35. Compression Garments And Stockings Market Future Outlook and Potential Analysis
36. Appendix