As per this study the Global Compression Garments and Stockings Market was valued USD 3.71 BN (by revenue) in 2022 and is anticipated to reach USD 6.09 BN by 2030 with a CAGR of 6.4%. Regarding volume, the market was calculated XX Units in 2022 and forecast to touch XX Units by 2030 with a CAGR of XX% during 2023 - 2030.
Compression garments and stockings are skin tight elastic hosiery garments which stimulate blood circulation. It stabilizes muscles by exerting pressure on specific parts of the body thus helps in improve stamina and control the body temperature. They are widely used in the treatment of varicose veins, burns, oncology, etc. Compression garments are generally used by those people who have to stand for long hours due to work or are suffering from poor blood circulation problem.
Market Dynamics
The rise of the diseases like varicose veins and lymphedema and overall growth of the healthcare industry, a heavy global aging population which is easily affected by age-related muscular problems and the steady rise of the fitness and sports industry are some of the drivers which are pushing of the compression garments and stockings market growth globally. However, some health issues such as breathing problem, blood clots and acid reflux caused from tightly worn compression and shapewear are some factors that restrain the market growth. Whereas, innovation marketing, product development, and promotion strategies are expected to provide better business opportunities for the players in the forecast period.
This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter's five forces analysis, market attractiveness analysis and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of compression garments and stockings.
Market Segmentation
The broad compression garments and stockings market has been sub-grouped into type, application and end-user. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.
By Type
- Compression Garments
- Compression Stockings
By Application
- Varicose Vein
- Wound Care
- Burns
- Oncology
- Others
By End User
- Hospitals
- Ambulatory Surgical Centers (ASC's)
- Clinics
- Online Sales
- Other Healthcare Facilities
Regional Analysis
Furthermore, the report comprises of the geographical segmentation which mainly focuses on current and forecast demand for Compression Garments and Stockings in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report further focuses on demand for individual application segments in all the regions.
Global Compression Garments and Stockings Market Share by Region (Representative Graph)
The report also covers detailed competitive landscape including company profiles of key players operating in the global market. The key players in the Compression Garments and Stockings market include 3M (U.S.), BSN Medical (Germany), Nouvelle Inc. (U.S.), Medical Z (U.S.), medi GmbH & Co KG (Germany), Medtronic (Ireland), SIGVARIS GROUP (U.S.), BIOCOMPRESSION SYSTEMS (U.S.), PAUL HARTMANN AG (Germany), Therafirm. (U.S.), Santemol Group Medikal (Turkey), 2XU (Australia), Smith & Nephew plc (UK), Julius Zorn, Inc. (U.S.), Comfort Plus Corporation (Taiwan). An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.
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