Compression Garments and Stockings Market Size and Competitive Analysis Report 2024

Market Overview:

Compression Garments and Stockings Market size was around USD 2916.8 Million in 2019. It is expected to grow at a CAGR of 5.35% to reach USD 3785.7 Million by 2024. Compression garments are skin-tight apparels, which stimulate blood circulation and stabilize muscles by exerting pressure on specific parts of the body. Compression apparel helps to improve stamina & body balance and control the body temperature. Whereas compression stockings are elastic hosiery garments applied to a lower limb to achieve graduated compression. They are utilized for treating lymphedema, venous hypertension, and venous ulcers to decrease edema and aid return of venous blood to the heart.

Market Drivers and Restraints:

The growth of the diseases such as varicose veins and lymphedema conjoined with the overall growth of the healthcare industry, ever growing global aging population which is affected by age-related muscular problems and the gradual rise of the fitness and sports industry are few drivers boosting the market worldwide. The demand for compression garments has risen since athletes prefer them to avoid injuries during an event. The producers are constantly innovating with the materials and revamping styles to woo more consumers. The compression garments and stockings market are extremely prosperous because of the constant modernization drive happening in the sports, fitness and healthcare sector.

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