The Global Compression Garments and Stockings market was valued at USD 2.9 billion in 2019, and now it is projected to reach USD 3.78 billion by 2026, growing at a CAGR of 5.35%, during the forecast period, 2020–2026. Developing awareness about medical benefits of compression garments such as healing effects, minimizing bruising quality, etc. are driving the growth of this market.
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Compression garments are pieces of clothing that fit tightly around the skin. Compression garments are used by those people who have to stand for long hours due to work or are suffering from poor blood circulation problem. Stockings are specialized hosiery designed to help prevent the occurrence of and guard against further progression of various medical disorders.
In sports, form-fitting compression sportswear, usually made of spandex, is commonly worn by athletes and in exercise to prevent chafing and rashes.
Market Trends, Drivers, Restraints, and Opportunities:
- Rising commercial promotion and surge in online shopping, is expected to drive the market growth in the coming years.
- Prominence of compression garments is increasing in exercise settings and sports are another factor projected to drive the market growth.
- Growing caseload for varicose vein treatments and orthopedic surgeries is observed along with advancements in fabric and garment designer are some other factors expected to drive the market growth.
- However, some health issues such as blood clots, breathing problem, and acid reflux caused from tightly worn compression and shape wear, restrain the market growth.
- Stringent rules and regulations for manufacturing along with design limitation are some other restraining factors for the market growth.
Key players include 3M Company, Medtronic PLC, Bio Compression Systems, Inc., BSN Medical, Medi GmbH & Co. Kg, Paul Hartmann AG, Smith & Nephew PLC. , Cardinal Health Inc., and Sigvaris and Sanyleg SRL.
With increasing demand for compression garments and Stockings, players are experimenting with several strategies to achieve competitive edge and bolster their foothold in the market. Many companies operating in the industry are looking at widening their footprint across emerging nations to capitalize on the prevailing opportunities there.
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The Global Compression Garments and Stockings Market has been segmented on the basis of:
- Compression Garments
- Compression Stockings
- Varicose Veins
- Wound Care
- Burn Cases
- North America
- Latin America
- Middle East & Africa
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Table of Contents
- Executive Summary
- Assumptions and Acronyms Used
- Research Methodology
- Compression Garments and Stockings market Overview
- Global Compression Garments and Stockings market Analysis and Forecast by Type
- Global Compression Garments and Stockings market Analysis and Forecast by Application
- Global Compression Garments and Stockings market Analysis and Forecast by Sales Channel
- Global Compression Garments and Stockings market Analysis and Forecast by Region
- North America Compression Garments and Stockings market Analysis and Forecast
- Latin America Compression Garments and Stockings market Analysis and Forecast
- Europe Compression Garments and Stockings market Analysis and Forecast
- Asia Pacific Compression Garments and Stockings market Analysis and Forecast
- Middle East & Africa Compression Garments and Stockings market Analysis and Forecast
- Competition Landscape
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