The Compression Garments and Stockings Market Size in the Asia Pacific is valued at USD 582.45 million in 2023 and is projected to grow at a CAGR of 5.9% to reach USD 775.78 million by 2028 during the forecast period 2023 to 2028.
The availability of a large target patient population and the increased incidence of sports injuries and accidents are the primary drivers of this market's growth. In addition, compression therapy devices are designed for patients with lifestyle-related disorders and vascular diseases such as obesity, diabetes, lymphedema, DVT, and varicose veins.
The growing senior population is considered a significant factor was supporting market expansion because older adults are more sensitive to numerous health issues. In addition, patients' desire to adopt various treatment modalities, including compression therapy, is being driven by these considerations.
Compression garments and stockings market growth is accelerated by an increase in the incidence of multiple chronic diseases, rise in the occurrences of varicose veins and lymphedema , an increase in the rate of orthopedic operations, and the prominence of compression garments.
Furthermore, rising public awareness of the benefits of compression garments and stockings, increased health consciousness, increased investment, and increased healthcare spending all help the compression garments and stockings market. Immobility, past deep vein thrombosis, pregnancy, obesity, and varicose veins are all factors that contribute to the development of lymphatic and venous problems.
Lymphatic problems are also caused by chronic venous insufficiency, breast cancer, and operations. As a result, the market expansion is likely to be fueled by the rising frequency of chronic disorders and growing awareness of innovative therapies such as compression garments and other devices.
Poor patient compliance with compression garments and a lack of widely approved standards for compression products are expected to limit the market's growth throughout the forecast period. Furthermore, the high cost of compression garments and stockings and tight production requirements and regulations are expected to stifle the compression garments and stockings market. In addition, alternative therapies and design restrictions are projected to provide difficulties to the compression garments and stockings market soon.
This research report on the Asia Pacific Compression Garments and Stockings Market has been segmented and sub-segmented into the following categories
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Geographically, the Asia Pacific Compression garments and stockings market is expected to provide considerable potential possibilities for compression therapy market competitors.
The India Compression garments and stockings market is expected to reach a decent CAGR due to increasing disposable income levels and raising awareness among physicians, surgeons, & patients about the latest treatment options available for various orthopedic and vascular disorders.
The China Compression garments and stockings market is predicted to grow dramatically in the coming years due to the rising patient population, increasing the prevalence of target diseases in the region.
Compression garments and stockings are becoming more popular among athletes and gymnasts because they give a good fit, absorb sweat, and prevent injuries during an event or sport. This aspect is driving up demand for compression garments and stockings.
Furthermore, innovations in fabric technology and garment designs and a growing awareness of physical fitness are driving the region's compression garments and stockings market forward.
KEY MARKET PLAYERS
The top Companies leading the Asia Pacific Compression Garments and Stockings Market Profiled in the Report are 2XU Pty. Ltd, 3M, BSN Medical, Santemol Group Medical, Leonisa, Inc., Medical Z, Medi GmbH & Co KG, Nouvelle, Inc.,
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