Compression Garments and Stockings Market Size, Trends & Growth

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Global Compression Garments and Stockings Market Size, Share, Trends, COVID-19 Impact & Growth Analysis Report - Segmented By Product Type, Application, End-user & Region - Industry Forecast (2022 to 2027)

Published: January, 2022

ID: 5245

Pages: 175

Compression Garments and Stockings Market Size (2022 to 2027)

As per our report, the global compression garments and stockings market size was valued at USD 3072.85 Million in 2022. This value is further estimated to grow at a CAGR of 5.35% and worth USD 3987.62 Million by 2027.

MARKET DRIVERS:

The growth of the global compression garments and stockings market is expected to expand as more people become aware of the medicinal benefits of compression fabrics, such as healing properties, reduced bruising efficiency. Compression garments and stockings are growing in popularity due to the rates of varicose veins, lymphedema, and other muscle issues. Athletes and gymnasts are increasingly wearing compression garments and stockings because they have a perfect fit, absorb moisture, and help prevent injury during an event or sport. Other factors driving the global compression garments and stockings industry are advances in fabric quality and textile styles and increased awareness of physical fitness.

Benefits of compression garments and stockings, increased public awareness of health issues, an aging population, increased investment, and increased healthcare costs will positively impact the compression garments and stockings market in the coming years. Players should expect attractive business prospects in the future due to productivity growth and creative marketing and promotion strategies. Compression garments face significant difficulty in ensuring the accuracy and repeatability of applied pressure during their application. This is due to the fact that most compression garments have minimal size options. To improve the effectiveness of compression garments, key players in the industry should incorporate sensors into them as one of the opportunities for compression garments and stockings market growth.

MARKET RESTRAINTS:

Compression garments and stockings are tight-fitting, which can cause itchiness and dry skin in some people. This is a major stumbling block to the global compression apparel and stockings market's expansion. The availability of alternative therapies is likely to be a major factor restricting the global compression garments and stockings market's growth. Local wound care, dressings, topical or systemic antibiotics for untreated wounds, other pharmacologic agents, anesthesia, and adjunctive therapy are also options for treating chronic venous insufficiency.

Complications resulting from excessive compression stocking use can inhibit the compression garments and stockings market growth. While compression stockings tend to be easy to use, improperly worn stockings can cause serious problems. Breaking of skin, especially in the elderly, malnourished, and those with frail, fragile skin.

COVID-19 Impact on the global compression garments and stockings market:

The COVID-19 pandemic's outbreak and global spread were unprecedented in recent human experience, and it has disrupted people's daily lives all over the world. Seeking to avoid the outbreak of infectious diseases, most countries implemented a long-term total lockdown beginning in March 2020. Compression garments are tight-fitting, elastic garments that apply graduated pressure to specific parts of the body to ensure continuous blood supply across the veins by enhancing venous return and decreasing peripheral swelling. They're made to help you regain and maintain proper fluid circulation. Most of the markets focus on the production of products and devices that are useful for the people infected with coronavirus to recover fast from the disease. As a result, the Compression Garments and Stocking market has declined its growth during this tough situation. On the other hand, compression garments and stockings demand development will be accelerated in the coming years due to an increase in the incidence of various chronic illnesses, an increase in the pace of orthopedic surgery, and the popularity of compression garments.

REPORT COVERAGE:

REPORT METRIC	DETAILS
Market Size Available	2021 to 2027
Base Year	2021
Forecast Period	2022 to 2027
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 the 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 due to the broad range of health benefits associated with the products, such as twists and enlargement of veins lymphedema, and 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 faster 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 Hospital segment was the market leader and achieved a 34.7% share 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.

Compression Garments and Stockings Market - By Region:

North America
Europe
Asia-Pacific
Latin America
The Middle East and Africa

Geographically, the North American regional market is expected to retain its dominating position in the compression garments and stockings market during the forecast period. An increasingly aging population and Y-O-Y growth in sports injuries are leveling up the market demand. The European market is estimated to have promising growth during the forecast period due to increased demand for these compressed garments, a growing geriatric base, growing disposable income, and growing advertising of products.

The APAC market is projected to grow at the highest CAGR during the forecast period due to the growing patient sympathy towards the usage of compressed garments. Rising online shopping trends also mark up the growth of this region. India and China are the major contributors to the APAC market growth.

The Latin American market is expected to have a steady growth rate over the forecast period. Rising incidences of chronic diseases are a major factor propelling the demand of the market in this region. The MEA market is expected to sluggish growth rate over the forecast period. Growing awareness among people over the availability of different treatment procedures is prompting the demand of the market.

KEY MARKET PARTICIPANTS:

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

RECENT MARKET DEVELOPMENTS:

In 2020, AIROS Medical Inc. received an acceptance from US FDA the clearance of 510 (K) to sell its updated compressed therapy devices and garment.
On March 18, 2020, Nouvelle compression wore introduced bras for pre-eminent healing that gives outcomes for breast enhancement. These can be worn 24 hours a, and the company also includes Bra bands, Bras with cups, sleeves, and without cups, and Cotton Bras. These were designed for safety and to 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 related to sportswear that include compression garments, fitness wear for cycling and running, and so on.
DJO Global, one of the leading players in manufacturing compression garments and inserters and therapy shoes, has made a partnership with Siren MD, where 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 Compression Garments and Stockings Market By Region, From 2022 - 2027 ( USD Million )
Global Compression Garments and Stockings Market By Product Type, From 2022 - 2027 ( USD Million )
Global Compression Garments Market By Region, From 2022 - 2027 ( USD Million )
Global Compression Stockings Market By Region, From 2022 - 2027 ( USD Million )
Global Compression Garments and Stockings Market By Application Type, From 2022 - 2027 ( USD Million )
Global Varicose Vein Market By Region, From 2022 - 2027 ( USD Million )
Global Wound Care Market By Region, From 2022 - 2027 ( USD Million )
Global Burns Market By Region, From 2022 - 2027 ( USD Million )
Global Oncology Market By Region, From 2022 - 2027 ( USD Million )
Global Others Market By Region, From 2022 - 2027 ( USD Million )
Global Compression Garments and Stockings Market By End-user, From 2022 - 2027 ( USD Million )
Global Hospitals Market By Region, From 2022 - 2027 ( USD Million )
Global Ambulatory Surgical Centers (ASC’s) Market By Region, From 2022 - 2027 ( USD Million )
Global Clinics Market By Region, From 2022 - 2027 ( USD Million )
Global Online Sales Market By Region, From 2022 - 2027 ( USD Million )
Global Other Healthcare Facilities Market By Region, From 2022 - 2027 ( USD Million )
North America Compression Garments and Stockings Market By Product Type, From 2022 - 2027 ( USD Million )
North America Compression Garments Market By Region, From 2022 - 2027 ( USD Million )
North America Compression Stockings Market By Region, From 2022 - 2027 ( USD Million )
North America Compression Garments and Stockings Market By Application Type, From 2022 - 2027 ( USD Million )
North America Varicose Vein Market By Region, From 2022 - 2027 ( USD Million )
North America Wound Care Market By Region, From 2022 - 2027 ( USD Million )
North America Burns Market By Region, From 2022 - 2027 ( USD Million )
North America Oncology Market By Region, From 2022 - 2027 ( USD Million )
North America Others Market By Region, From 2022 - 2027 ( USD Million )
North America Compression Garments and Stockings Market By End-user, From 2022 - 2027 ( USD Million )
North America Hospitals Market By Region, From 2022 - 2027 ( USD Million )
North America Ambulatory Surgical Centers (ASC’s) Market By Region, From 2022 - 2027 ( USD Million )
North America Clinics Market By Region, From 2022 - 2027 ( USD Million )
North America Online Sales Market By Region, From 2022 - 2027 ( USD Million )
North America Other Healthcare Facilities Market By Region, From 2022 - 2027 ( USD Million )
United States Compression Garments and Stockings Market By Product Type, From 2022 - 2027 ( USD Million )
United States Compression Garments and Stockings Market By Application Type, From 2022 - 2027 ( USD Million )
United States Compression Garments and Stockings Market By End-user, From 2022 - 2027 ( USD Million )
Canada Compression Garments and Stockings Market By Product Type, From 2022 - 2027 ( USD Million )
Canada Compression Garments and Stockings Market By Application Type, From 2022 - 2027 ( USD Million )
Canada Compression Garments and Stockings Market By End-user, From 2022 - 2027 ( USD Million )
Europe Compression Garments and Stockings Market By Product Type, From 2022 - 2027 ( USD Million )
Europe Compression Garments Market By Region, From 2022 - 2027 ( USD Million )
Europe Compression Stockings Market By Region, From 2022 - 2027 ( USD Million )
Europe Compression Garments and Stockings Market By Application Type, From 2022 - 2027 ( USD Million )
Europe Varicose Vein Market By Region, From 2022 - 2027 ( USD Million )
Europe Wound Care Market By Region, From 2022 - 2027 ( USD Million )
Europe Burns Market By Region, From 2022 - 2027 ( USD Million )
Europe Oncology Market By Region, From 2022 - 2027 ( USD Million )
Europe Others Market By Region, From 2022 - 2027 ( USD Million )
Europe Compression Garments and Stockings Market By End-user, From 2022 - 2027 ( USD Million )
Europe Hospitals Market By Region, From 2022 - 2027 ( USD Million )
Europe Ambulatory Surgical Centers (ASC’s) Market By Region, From 2022 - 2027 ( USD Million )
Europe Clinics Market By Region, From 2022 - 2027 ( USD Million )
Europe Online Sales Market By Region, From 2022 - 2027 ( USD Million )
Europe Other Healthcare Facilities Market By Region, From 2022 - 2027 ( USD Million )
U.K. Compression Garments and Stockings Market By Product Type, From 2022 - 2027 ( USD Million )
U.K. Compression Garments and Stockings Market By Application Type, From 2022 - 2027 ( USD Million )
U.K. Compression Garments and Stockings Market By End-user, From 2022 - 2027 ( USD Million )
Germany Compression Garments and Stockings Market By Product Type, From 2022 - 2027 ( USD Million )
Germany Compression Garments and Stockings Market By Application Type, From 2022 - 2027 ( USD Million )
Germany Compression Garments and Stockings Market By End-user, From 2022 - 2027 ( USD Million )
France Compression Garments and Stockings Market By Product Type, From 2022 - 2027 ( USD Million )
France Compression Garments and Stockings Market By Application Type, From 2022 - 2027 ( USD Million )
France Compression Garments and Stockings Market By End-user, From 2022 - 2027 ( USD Million )
Italy Compression Garments and Stockings Market By Product Type, From 2022 - 2027 ( USD Million )
Italy Compression Garments and Stockings Market By Application Type, From 2022 - 2027 ( USD Million )
Italy Compression Garments and Stockings Market By End-user, From 2022 - 2027 ( USD Million )
Spain Compression Garments and Stockings Market By Product Type, From 2022 - 2027 ( USD Million )
Spain Compression Garments and Stockings Market By Application Type, From 2022 - 2027 ( USD Million )
Spain Compression Garments and Stockings Market By End-user, From 2022 - 2027 ( USD Million )
Asia Pacific Compression Garments and Stockings Market By Product Type, From 2022 - 2027 ( USD Million )
Asia Pacific Compression Garments Market By Region, From 2022 - 2027 ( USD Million )
Asia Pacific Compression Stockings Market By Region, From 2022 - 2027 ( USD Million )
Asia Pacific Compression Garments and Stockings Market By Application Type, From 2022 - 2027 ( USD Million )
Asia Pacific Varicose Vein Market By Region, From 2022 - 2027 ( USD Million )
Asia Pacific Wound Care Market By Region, From 2022 - 2027 ( USD Million )
Asia Pacific Burns Market By Region, From 2022 - 2027 ( USD Million )
Asia Pacific Oncology Market By Region, From 2022 - 2027 ( USD Million )
Asia Pacific Others Market By Region, From 2022 - 2027 ( USD Million )
Asia Pacific Compression Garments and Stockings Market By End-user, From 2022 - 2027 ( USD Million )
Asia Pacific Hospitals Market By Region, From 2022 - 2027 ( USD Million )
Asia Pacific Ambulatory Surgical Centers (ASC’s) Market By Region, From 2022 - 2027 ( USD Million )
Asia Pacific Clinics Market By Region, From 2022 - 2027 ( USD Million )
Asia Pacific Online Sales Market By Region, From 2022 - 2027 ( USD Million )
Asia Pacific Other Healthcare Facilities Market By Region, From 2022 - 2027 ( USD Million )
Japan Compression Garments and Stockings Market By Product Type, From 2022 - 2027 ( USD Million )
Japan Compression Garments and Stockings Market By Application Type, From 2022 - 2027 ( USD Million )
Japan Compression Garments and Stockings Market By End-user, From 2022 - 2027 ( USD Million )
China Compression Garments and Stockings Market By Product Type, From 2022 - 2027 ( USD Million )
China Compression Garments and Stockings Market By Application Type, From 2022 - 2027 ( USD Million )
China Compression Garments and Stockings Market By End-user, From 2022 - 2027 ( USD Million )
India Compression Garments and Stockings Market By Product Type, From 2022 - 2027 ( USD Million )
India Compression Garments and Stockings Market By Application Type, From 2022 - 2027 ( USD Million )
India Compression Garments and Stockings Market By End-user, From 2022 - 2027 ( USD Million )
Australia Compression Garments and Stockings Market By Product Type, From 2022 - 2027 ( USD Million )
Australia Compression Garments and Stockings Market By Application Type, From 2022 - 2027 ( USD Million )
Australia Compression Garments and Stockings Market By End-user, From 2022 - 2027 ( USD Million )
South Korea Compression Garments and Stockings Market By Product Type, From 2022 - 2027 ( USD Million )
South Korea Compression Garments and Stockings Market By Application Type, From 2022 - 2027 ( USD Million )
South Korea Compression Garments and Stockings Market By End-user, From 2022 - 2027 ( USD Million )
Latin America Compression Garments and Stockings Market By Product Type, From 2022 - 2027 ( USD Million )
Latin America Compression Garments Market By Region, From 2022 - 2027 ( USD Million )
Latin America Compression Stockings Market By Region, From 2022 - 2027 ( USD Million )
Latin America Compression Garments and Stockings Market By Application Type, From 2022 - 2027 ( USD Million )
Latin America Varicose Vein Market By Region, From 2022 - 2027 ( USD Million )
Latin America Wound Care Market By Region, From 2022 - 2027 ( USD Million )
Latin America Burns Market By Region, From 2022 - 2027 ( USD Million )
Latin America Oncology Market By Region, From 2022 - 2027 ( USD Million )
Latin America Others Market By Region, From 2022 - 2027 ( USD Million )
Latin America Compression Garments and Stockings Market By End-user, From 2022 - 2027 ( USD Million )
Latin America Hospitals Market By Region, From 2022 - 2027 ( USD Million )
Latin America Ambulatory Surgical Centers (ASC’s) Market By Region, From 2022 - 2027 ( USD Million )
Latin America Clinics Market By Region, From 2022 - 2027 ( USD Million )
Latin America Online Sales Market By Region, From 2022 - 2027 ( USD Million )
Latin America Other Healthcare Facilities Market By Region, From 2022 - 2027 ( USD Million )
Brazil Compression Garments and Stockings Market By Product Type, From 2022 - 2027 ( USD Million )
Brazil Compression Garments and Stockings Market By Application Type, From 2022 - 2027 ( USD Million )
Brazil Compression Garments and Stockings Market By End-user, From 2022 - 2027 ( USD Million )
Argentina Compression Garments and Stockings Market By Product Type, From 2022 - 2027 ( USD Million )
Argentina Compression Garments and Stockings Market By Application Type, From 2022 - 2027 ( USD Million )
Argentina Compression Garments and Stockings Market By End-user, From 2022 - 2027 ( USD Million )
Mexico Compression Garments and Stockings Market By Product Type, From 2022 - 2027 ( USD Million )
Mexico Compression Garments and Stockings Market By Application Type, From 2022 - 2027 ( USD Million )
Mexico Compression Garments and Stockings Market By End-user, From 2022 - 2027 ( USD Million )
Rest of Latin America Compression Garments and Stockings Market By Product Type, From 2022 - 2027 ( USD Million )
Rest of Latin America Compression Garments and Stockings Market By Application Type, From 2022 - 2027 ( USD Million )
Rest of Latin America Compression Garments and Stockings Market By End-user, From 2022 - 2027 ( USD Million )
Middle East and Africa Compression Garments and Stockings Market By Product Type, From 2022 - 2027 ( USD Million )
Middle East and Africa Compression Garments Market By Region, From 2022 - 2027 ( USD Million )
Middle East and Africa Compression Stockings Market By Region, From 2022 - 2027 ( USD Million )
Middle East and Africa Compression Garments and Stockings Market By Application Type, From 2022 - 2027 ( USD Million )
Middle East and Africa Varicose Vein Market By Region, From 2022 - 2027 ( USD Million )
Middle East and Africa Wound Care Market By Region, From 2022 - 2027 ( USD Million )
Middle East and Africa Burns Market By Region, From 2022 - 2027 ( USD Million )
Middle East and Africa Oncology Market By Region, From 2022 - 2027 ( USD Million )
Middle East and Africa Others Market By Region, From 2022 - 2027 ( USD Million )
Middle East and Africa Compression Garments and Stockings Market By End-user, From 2022 - 2027 ( USD Million )
Middle East and Africa Hospitals Market By Region, From 2022 - 2027 ( USD Million )
Middle East and Africa Ambulatory Surgical Centers (ASC’s) Market By Region, From 2022 - 2027 ( USD Million )
Middle East and Africa Clinics Market By Region, From 2022 - 2027 ( USD Million )
Middle East and Africa Online Sales Market By Region, From 2022 - 2027 ( USD Million )
Middle East and Africa Other Healthcare Facilities Market By Region, From 2022 - 2027 ( USD Million )
Middle East Compression Garments and Stockings Market By Product Type, From 2022 - 2027 ( USD Million )
Middle East Compression Garments and Stockings Market By Application Type, From 2022 - 2027 ( USD Million )
Middle East Compression Garments and Stockings Market By End-user, From 2022 - 2027 ( USD Million )
Africa Compression Garments and Stockings Market By Product Type, From 2022 - 2027 ( USD Million )
Africa Compression Garments and Stockings Market By Application Type, From 2022 - 2027 ( USD Million )
Africa Compression Garments and Stockings Market By End-user, From 2022 - 2027 ( USD Million )