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Pulished Date August, 2019
ID: 5245
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Global Compression Garments and Stockings Market Analysis - Segmented By Product Type, Application, End-user and Region - Industry Size, Share, Trends, Growth and Forecast | 2019 to 2024

Pulished: August, 2019
ID: 5245
Pages: 175

Industry Analysis

As per our report, the size of the global compression garments and stockings market was valued at USD 2916.8 Million in 2019. This value is estimated to grow at a CAGR of 5.35% and will reach USD 3785.7 Million by 2024.

The compression garments and stockings are skin-tight clothes manufactured using nylon cloth material. These garments and stockings act as a support to people who stand for long hours and increase the circulation of blood and prevents from formation of blood clotting primarily used for health issues related to veins.

MARKET DRIVERS

Soaring incidence of varicose veins and lymphedema conjoined are the significant factors driving the global compression garments and stockings market growth. As per the American Vein and Lymphatic Society, nearly 40 million Americas are suffering from health issues related to the veins. According to American the Venous Forum, more than 250,000 patients are getting affected with Deep vein thrombosis

Additionally, the growing geriatric population affected by age-related muscular problems and growth in the sports and fitness industry are further fuelling the market growth. Furthermore, the market growth is driven by factors like growing awareness over the medical benefits associated with compression garments and stockings and technological advancements in designing fabric material mostly used by the sportspersons.

MARKET RESTRAINTS

Strict rules and guidelines to manufacture these compression garments or stockings are one of the crucial factor liming growth. Additionally, the uncomfortableness and side-effects associated with the usage of these products is another top factor impeding the growth of the global compression garments and stockings market.

REPORT COVERAGE

REPORT METRIC

DETAILS

Market Size Available

2018 – 2024

Base Year

2018

Forecast Period

2019 - 2024

Segments Covered

By Product, Application, End-User and Region

Various Analyses Covered

Global, Regional & Country Level Analysis, Segment-Level Analysis, Drivers, Restraints, Opportunities, Challenges, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities

Regions Covered

North America, Europe, Asia Pacific, Latin America, Middle East & Africa

 

This market research report on Global Compression Garments and Stockings Market has been segmented based on the product, application, end-user and region.

Compression Garments and Stockings Market - By Product:

  • Compression garments
  • Compression stockings

Based on the product type, the compression garments are expected to account for the largest share in the market during the forecast period. It is due to the broad range of health benefits associated with the products such as twist and enlargement of veins, lymphedema and also some chronic conditions.

Compression Garments and Stockings Market - By Application:

  • Varicose veins
  • Wound care
  • Burns
  • Oncology

Based on the application, the varicose veins segment held 39% of the market shares in 2019 and is estimated to grow at the fastest rate during the forecast period. The oncology segment stands second in leading the market by application.

Compression Garments and Stockings Market - By End User:

  • Hospitals
  • ASC’s
  • Clinics
  • Online sales
  • Healthcare

Based on end-user, the Hospitals segment is was the market leader and achieved a 34.7% share in the market in 2019. However, the online sales segment is growing with the highest CAGR during the forecast period. It is also estimated that the online sales segment will beat the hospitals leading position by the end of the forecast period due to the growing internet and e-commerce usage across the world.

Regional Analysis

North America is anticipated to remain the leading region position in the global compression garments and stockings market over the forecast period. The U.S. market is expected to grow at the highest CAGR mainly due to enormous per capita health expenditures, and significant investments in R&D for effective treatment alternatives.

The Asia Pacific is anticipated to be the fastest-growing region in the market during the forecast, as mentioned earlier period. Furthermore, the Middle East and Africa and Latin America are to show significant growth for this market because of the increased burden of diseases.

TOP COMPANIES IN THE MARKET

Companies like Leonisa, Inc., Medical Z, 2XU Pty. Ltd, 3M, BSN Medical, Medi GmbH & Co KG, Nouvelle, Inc. and Santemol Group Medical are few of the major participants in the global compression garments and stockings market.

Recent Happenings in this market

In 2020, the AIROS Medical Inc. has received an acceptance from US FDA the clearance of 510 (K) for the sale of its updated compressed therapy devices and garment.

On March 18, 2020, Nouvelle compression wear has introduced bras which are for the pre-eminent healing that gives outcomes for breast enhancement. These can be wear 24 hours and the company also includes like Bra bands, Bras with cups, with sleeves and without cups and Cotton Bras. These were designed for safety and make them steady. 

On July 23, 2019, 2XU teamed up with Tryzens to increase their evolvement and customer experience. The launch is of e-commerce sites that related to sportswear that include compression garments, and also fitness wear for cycling and running and so on. 

DJO Global, one of a leading player in manufacturing compression garments and inserters and therapy shoes has made a partnership with Siren MD, where the DJO Global has become the premier vendor for Siren MD’s sports team market.

1. Introduction                                 

1.1 Market Definition                    

1.2 Study Deliverables                  

1.3 Base Currency, Base Year and Forecast Periods                          

1.4 General Study Assumptions                

2. Research Methodology                                           

2.1 Introduction                               

2.2 Research Phases                      

                2.2.1 Secondary Research           

                2.2.2 Primary Research 

                2.2.3 Econometric Modelling      

                2.2.4 Expert Validation  

2.3 Analysis Design                         

2.4 Study Timeline                          

3. Overview                                       

3.1 Executive Summary                

3.2 Key Inferences                         

3.3 Epidemology                              

4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)                                    

4.1 Market Drivers                          

4.2 Market Restraints                    

4.3 Key Challenges                         

4.4 Current Opportunities in the Market                              

5. Market Segmentation                                              

5.1 Product Type                             

                5.1.1 Introduction           

                5.1.2 Compression Garments    

                                5.1.2.1 Upper Compression Garments

                                5.1.2.2 Lower Compression Garments

                5.1.3 Compression Stockings      

                                5.1.3.1 Anti-Embolism Compression Stockings

                                5.1.3.2 Gradient Compression Stockings

                5.1.4  Y-o-Y Growth Analysis, By Product Type   

                5.1.5  Market Attractiveness Analysis, By Product Type

                5.1.6  Market Share Analysis, By Product Type   

5.2 Application Type                      

                5.2.1 Introduction           

                5.2.2 Varicose Vein         

                5.2.3 Wound Care           

                5.2.4 Burns         

                5.2.5 Oncology 

                5.2.6 Others      

                5.2.7 Y-o-Y Growth Analysis, By Application Type              

                5.2.8 Market Attractiveness Analysis, By Application Type            

                5.2.9 Market Share Analysis, By Application Type             

5.3 End-user                      

                5.3.1 Introduction           

                5.3.2 Hospitals  

                5.3.3 Ambulatory Surgical Centers (ASC’s)           

                5.3.4 Clinics        

                5.3.5 Online Sales            

                5.3.6 Other Healthcare Facilities               

                5.3.7 Y-o-Y Growth Analysis, By End-user             

                5.3.8  Market Attractiveness Analysis, By End-user          

                5.3.9  Market Share Analysis, By End-user            

6. Geographical Analysis                                              

6.1 Introduction                               

                6.1.1 Regional Trends    

                6.1.2 Impact Analysis     

                6.1.3 Y-o-Y Growth Analysis        

                                6.1.3.1 By Geographical Area

                                6.1.3.2 By Product Type

                                6.1.3.3 By Application Type

                                6.1.3.4 By End-user

                6.1.4  Market Attractiveness Analysis     

                                6.1.4.1 By Geographical Area

                                6.1.4.2 By Product Type

                                6.1.4.3 By Application Type

                                6.1.4.4 By End-user

                6.1.5  Market Share Analysis      

                                6.1.5.1 By Geographical Area

                                6.1.5.2 By Product Type

                                6.1.5.3 By Application Type

                                6.1.5.4 By End-user

6.2 North America                          

                6.2.1 Introduction           

                6.2.2 United States         

                6.2.3 Canada     

6.3 Europe                         

6.3.1 Introduction           

                  6.2.2 U.K             

                  6.2.3 Spain         

                  6.2.4 Germany 

                 6.2.5 Italy            

                 6.2.6 France       

6.4 Asia-Pacific                 

                6.4.1 Introduction           

                6.4.2 China         

                6.4.3 India          

                6.4.4 Japan         

                6.4.5 Australia   

                6.4.6 South Korea           

6.5 Latin America                             

                6.5.1 Introduction           

                6.5.2 Brazil          

                6.5.3 Argentina

                6.5.4 Mexico     

                6.5.5 Rest of Latin America          

6.6 Middle East & Africa                               

                6.6.1 Introduction           

                6.6.2 Middle-East            

                6.6.3 Africa         

7. Strategic Analysis                                       

7.1 PESTLE analysis                         

                7.1.1 Political     

                7.1.2 Economic 

                7.1.3 Social         

                7.1.4 Technological         

                7.1.5 Legal          

                7.1.6 Environmental       

7.2 Porter’s Five analysis                              

                7.2.1 Bargaining Power of Suppliers        

                7.2.2 Bargaining Power of Consumers    

                7.2.3 Threat of New Entrants     

                7.2.4 Threat of Substitute Products and Services              

                7.2.5 Competitive Rivalry within the Industry     

8. Market Leaders' Analysis                                        

8.1 2XU Pty. Ltd                               

                8.1.1 Overview 

                8.1.2 Product Analysis   

                8.1.3 Financial analysis  

                8.1.4 Recent Developments       

                8.1.5 SWOT analysis       

                8.1.6 Analyst View          

8.2 3M                 

8.3 BSN Medical                               

8.4 Leonisa, Inc.                               

8.5 Medical Z                     

8.6 medi GmbH & Co KG                              

8.7 Nouvelle, Inc.                            

8.8 Santemol Group Medical                      

9. Competitive Landscape                                           

9.1 Market share analysis                            

9.2 Merger and Acquisition Analysis                       

9.3 Agreements, collaborations and Joint Ventures                         

9.4 New Product Launches                         

10. Market Outlook and Investment Opportunities                                         

Appendix                                           

a) List of Tables                

b) List of Figures                              

  • Global, regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • The segment-level analysis in terms of product type and application along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analyzing the level of competition and business strategy development
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
  1. Global Compression Garments and Stockings Market By Region, From 2019-2024 ( USD Million )
  2. Global Compression Garments and Stockings Market By Product Type, From 2019-2024 ( USD Million )
  3. Global Compression Garments Market By Region, From 2019-2024 ( USD Million )
  4. Global Compression Stockings Market By Region, From 2019-2024 ( USD Million )
  5. Global Compression Garments and Stockings Market By Application Type, From 2019-2024 ( USD Million )
  6. Global Varicose Vein Market By Region, From 2019-2024 ( USD Million )
  7. Global Wound Care Market By Region, From 2019-2024 ( USD Million )
  8. Global Burns Market By Region, From 2019-2024 ( USD Million )
  9. Global Oncology Market By Region, From 2019-2024 ( USD Million )
  10. Global Others Market By Region, From 2019-2024 ( USD Million )
  11. Global Compression Garments and Stockings Market By End-user, From 2019-2024 ( USD Million )
  12. Global Hospitals Market By Region, From 2019-2024 ( USD Million )
  13. Global Ambulatory Surgical Centers (ASC’s) Market By Region, From 2019-2024 ( USD Million )
  14. Global Clinics Market By Region, From 2019-2024 ( USD Million )
  15. Global Online Sales Market By Region, From 2019-2024 ( USD Million )
  16. Global Other Healthcare Facilities Market By Region, From 2019-2024 ( USD Million )
  17. North America Compression Garments and Stockings Market By Product Type, From 2019-2024 ( USD Million )
  18. North America Compression Garments Market By Region, From 2019-2024 ( USD Million )
  19. North America Compression Stockings Market By Region, From 2019-2024 ( USD Million )
  20. North America Compression Garments and Stockings Market By Application Type, From 2019-2024 ( USD Million )
  21. North America Varicose Vein Market By Region, From 2019-2024 ( USD Million )
  22. North America Wound Care Market By Region, From 2019-2024 ( USD Million )
  23. North America Burns Market By Region, From 2019-2024 ( USD Million )
  24. North America Oncology Market By Region, From 2019-2024 ( USD Million )
  25. North America Others Market By Region, From 2019-2024 ( USD Million )
  26. North America Compression Garments and Stockings Market By End-user, From 2019-2024 ( USD Million )
  27. North America Hospitals Market By Region, From 2019-2024 ( USD Million )
  28. North America Ambulatory Surgical Centers (ASC’s) Market By Region, From 2019-2024 ( USD Million )
  29. North America Clinics Market By Region, From 2019-2024 ( USD Million )
  30. North America Online Sales Market By Region, From 2019-2024 ( USD Million )
  31. North America Other Healthcare Facilities Market By Region, From 2019-2024 ( USD Million )
  32. United States Compression Garments and Stockings Market By Product Type, From 2019-2024 ( USD Million )
  33. United States Compression Garments and Stockings Market By Application Type, From 2019-2024 ( USD Million )
  34. United States Compression Garments and Stockings Market By End-user, From 2019-2024 ( USD Million )
  35. Canada Compression Garments and Stockings Market By Product Type, From 2019-2024 ( USD Million )
  36. Canada Compression Garments and Stockings Market By Application Type, From 2019-2024 ( USD Million )
  37. Canada Compression Garments and Stockings Market By End-user, From 2019-2024 ( USD Million )
  38. Europe Compression Garments and Stockings Market By Product Type, From 2019-2024 ( USD Million )
  39. Europe Compression Garments Market By Region, From 2019-2024 ( USD Million )
  40. Europe Compression Stockings Market By Region, From 2019-2024 ( USD Million )
  41. Europe Compression Garments and Stockings Market By Application Type, From 2019-2024 ( USD Million )
  42. Europe Varicose Vein Market By Region, From 2019-2024 ( USD Million )
  43. Europe Wound Care Market By Region, From 2019-2024 ( USD Million )
  44. Europe Burns Market By Region, From 2019-2024 ( USD Million )
  45. Europe Oncology Market By Region, From 2019-2024 ( USD Million )
  46. Europe Others Market By Region, From 2019-2024 ( USD Million )
  47. Europe Compression Garments and Stockings Market By End-user, From 2019-2024 ( USD Million )
  48. Europe Hospitals Market By Region, From 2019-2024 ( USD Million )
  49. Europe Ambulatory Surgical Centers (ASC’s) Market By Region, From 2019-2024 ( USD Million )
  50. Europe Clinics Market By Region, From 2019-2024 ( USD Million )
  51. Europe Online Sales Market By Region, From 2019-2024 ( USD Million )
  52. Europe Other Healthcare Facilities Market By Region, From 2019-2024 ( USD Million )
  53. U.K. Compression Garments and Stockings Market By Product Type, From 2019-2024 ( USD Million )
  54. U.K. Compression Garments and Stockings Market By Application Type, From 2019-2024 ( USD Million )
  55. U.K. Compression Garments and Stockings Market By End-user, From 2019-2024 ( USD Million )
  56. Germany Compression Garments and Stockings Market By Product Type, From 2019-2024 ( USD Million )
  57. Germany Compression Garments and Stockings Market By Application Type, From 2019-2024 ( USD Million )
  58. Germany Compression Garments and Stockings Market By End-user, From 2019-2024 ( USD Million )
  59. France Compression Garments and Stockings Market By Product Type, From 2019-2024 ( USD Million )
  60. France Compression Garments and Stockings Market By Application Type, From 2019-2024 ( USD Million )
  61. France Compression Garments and Stockings Market By End-user, From 2019-2024 ( USD Million )
  62. Italy Compression Garments and Stockings Market By Product Type, From 2019-2024 ( USD Million )
  63. Italy Compression Garments and Stockings Market By Application Type, From 2019-2024 ( USD Million )
  64. Italy Compression Garments and Stockings Market By End-user, From 2019-2024 ( USD Million )
  65. Spain Compression Garments and Stockings Market By Product Type, From 2019-2024 ( USD Million )
  66. Spain Compression Garments and Stockings Market By Application Type, From 2019-2024 ( USD Million )
  67. Spain Compression Garments and Stockings Market By End-user, From 2019-2024 ( USD Million )
  68. Asia Pacific Compression Garments and Stockings Market By Product Type, From 2019-2024 ( USD Million )
  69. Asia Pacific Compression Garments Market By Region, From 2019-2024 ( USD Million )
  70. Asia Pacific Compression Stockings Market By Region, From 2019-2024 ( USD Million )
  71. Asia Pacific Compression Garments and Stockings Market By Application Type, From 2019-2024 ( USD Million )
  72. Asia Pacific Varicose Vein Market By Region, From 2019-2024 ( USD Million )
  73. Asia Pacific Wound Care Market By Region, From 2019-2024 ( USD Million )
  74. Asia Pacific Burns Market By Region, From 2019-2024 ( USD Million )
  75. Asia Pacific Oncology Market By Region, From 2019-2024 ( USD Million )
  76. Asia Pacific Others Market By Region, From 2019-2024 ( USD Million )
  77. Asia Pacific Compression Garments and Stockings Market By End-user, From 2019-2024 ( USD Million )
  78. Asia Pacific Hospitals Market By Region, From 2019-2024 ( USD Million )
  79. Asia Pacific Ambulatory Surgical Centers (ASC’s) Market By Region, From 2019-2024 ( USD Million )
  80. Asia Pacific Clinics Market By Region, From 2019-2024 ( USD Million )
  81. Asia Pacific Online Sales Market By Region, From 2019-2024 ( USD Million )
  82. Asia Pacific Other Healthcare Facilities Market By Region, From 2019-2024 ( USD Million )
  83. Japan Compression Garments and Stockings Market By Product Type, From 2019-2024 ( USD Million )
  84. Japan Compression Garments and Stockings Market By Application Type, From 2019-2024 ( USD Million )
  85. Japan Compression Garments and Stockings Market By End-user, From 2019-2024 ( USD Million )
  86. China Compression Garments and Stockings Market By Product Type, From 2019-2024 ( USD Million )
  87. China Compression Garments and Stockings Market By Application Type, From 2019-2024 ( USD Million )
  88. China Compression Garments and Stockings Market By End-user, From 2019-2024 ( USD Million )
  89. India Compression Garments and Stockings Market By Product Type, From 2019-2024 ( USD Million )
  90. India Compression Garments and Stockings Market By Application Type, From 2019-2024 ( USD Million )
  91. India Compression Garments and Stockings Market By End-user, From 2019-2024 ( USD Million )
  92. Australia Compression Garments and Stockings Market By Product Type, From 2019-2024 ( USD Million )
  93. Australia Compression Garments and Stockings Market By Application Type, From 2019-2024 ( USD Million )
  94. Australia Compression Garments and Stockings Market By End-user, From 2019-2024 ( USD Million )
  95. South Korea Compression Garments and Stockings Market By Product Type, From 2019-2024 ( USD Million )
  96. South Korea Compression Garments and Stockings Market By Application Type, From 2019-2024 ( USD Million )
  97. South Korea Compression Garments and Stockings Market By End-user, From 2019-2024 ( USD Million )
  98. Latin America Compression Garments and Stockings Market By Product Type, From 2019-2024 ( USD Million )
  99. Latin America Compression Garments Market By Region, From 2019-2024 ( USD Million )
  100. Latin America Compression Stockings Market By Region, From 2019-2024 ( USD Million )
  101. Latin America Compression Garments and Stockings Market By Application Type, From 2019-2024 ( USD Million )
  102. Latin America Varicose Vein Market By Region, From 2019-2024 ( USD Million )
  103. Latin America Wound Care Market By Region, From 2019-2024 ( USD Million )
  104. Latin America Burns Market By Region, From 2019-2024 ( USD Million )
  105. Latin America Oncology Market By Region, From 2019-2024 ( USD Million )
  106. Latin America Others Market By Region, From 2019-2024 ( USD Million )
  107. Latin America Compression Garments and Stockings Market By End-user, From 2019-2024 ( USD Million )
  108. Latin America Hospitals Market By Region, From 2019-2024 ( USD Million )
  109. Latin America Ambulatory Surgical Centers (ASC’s) Market By Region, From 2019-2024 ( USD Million )
  110. Latin America Clinics Market By Region, From 2019-2024 ( USD Million )
  111. Latin America Online Sales Market By Region, From 2019-2024 ( USD Million )
  112. Latin America Other Healthcare Facilities Market By Region, From 2019-2024 ( USD Million )
  113. Brazil Compression Garments and Stockings Market By Product Type, From 2019-2024 ( USD Million )
  114. Brazil Compression Garments and Stockings Market By Application Type, From 2019-2024 ( USD Million )
  115. Brazil Compression Garments and Stockings Market By End-user, From 2019-2024 ( USD Million )
  116. Argentina Compression Garments and Stockings Market By Product Type, From 2019-2024 ( USD Million )
  117. Argentina Compression Garments and Stockings Market By Application Type, From 2019-2024 ( USD Million )
  118. Argentina Compression Garments and Stockings Market By End-user, From 2019-2024 ( USD Million )
  119. Mexico Compression Garments and Stockings Market By Product Type, From 2019-2024 ( USD Million )
  120. Mexico Compression Garments and Stockings Market By Application Type, From 2019-2024 ( USD Million )
  121. Mexico Compression Garments and Stockings Market By End-user, From 2019-2024 ( USD Million )
  122. Rest of Latin America Compression Garments and Stockings Market By Product Type, From 2019-2024 ( USD Million )
  123. Rest of Latin America Compression Garments and Stockings Market By Application Type, From 2019-2024 ( USD Million )
  124. Rest of Latin America Compression Garments and Stockings Market By End-user, From 2019-2024 ( USD Million )
  125. Middle East and Africa Compression Garments and Stockings Market By Product Type, From 2019-2024 ( USD Million )
  126. Middle East and Africa Compression Garments Market By Region, From 2019-2024 ( USD Million )
  127. Middle East and Africa Compression Stockings Market By Region, From 2019-2024 ( USD Million )
  128. Middle East and Africa Compression Garments and Stockings Market By Application Type, From 2019-2024 ( USD Million )
  129. Middle East and Africa Varicose Vein Market By Region, From 2019-2024 ( USD Million )
  130. Middle East and Africa Wound Care Market By Region, From 2019-2024 ( USD Million )
  131. Middle East and Africa Burns Market By Region, From 2019-2024 ( USD Million )
  132. Middle East and Africa Oncology Market By Region, From 2019-2024 ( USD Million )
  133. Middle East and Africa Others Market By Region, From 2019-2024 ( USD Million )
  134. Middle East and Africa Compression Garments and Stockings Market By End-user, From 2019-2024 ( USD Million )
  135. Middle East and Africa Hospitals Market By Region, From 2019-2024 ( USD Million )
  136. Middle East and Africa Ambulatory Surgical Centers (ASC’s) Market By Region, From 2019-2024 ( USD Million )
  137. Middle East and Africa Clinics Market By Region, From 2019-2024 ( USD Million )
  138. Middle East and Africa Online Sales Market By Region, From 2019-2024 ( USD Million )
  139. Middle East and Africa Other Healthcare Facilities Market By Region, From 2019-2024 ( USD Million )
  140. Middle East Compression Garments and Stockings Market By Product Type, From 2019-2024 ( USD Million )
  141. Middle East Compression Garments and Stockings Market By Application Type, From 2019-2024 ( USD Million )
  142. Middle East Compression Garments and Stockings Market By End-user, From 2019-2024 ( USD Million )
  143. Africa Compression Garments and Stockings Market By Product Type, From 2019-2024 ( USD Million )
  144. Africa Compression Garments and Stockings Market By Application Type, From 2019-2024 ( USD Million )
  145. Africa Compression Garments and Stockings Market By End-user, From 2019-2024 ( USD Million )

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