#Global Compression Garments and Stockings Market
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Compression Garments and Stockings Market to Hit $4.5 Billion by 2032
The global Compression Garments and Stockings Market was valued at USD 3.1 Billion in 2024 and it is estimated to garner USD 4.5 Billion by 2032 with a registered CAGR of 5.5% during the forecast period 2024 to 2032.
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The global Compression Garments and Stockings Market can be segmented on the basis of product type, Applications, distribution channel, market value, volume, and region [North America, Europe, Asia Pacific, Latin America, Middle East, and Africa]. The Compression Garments and Stockings Industry 2024 report provides a comprehensive overview of critical elements of the industry including drivers, restraints, and management scenarios.
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Top Players
2XU Pty Ltd (Australia), Ann Chery (Colombia), Colfax Corp. (U.S.), Creswell Sock Mills (U.S.), European Lingerie Group (Sweden), I-Runner (U.S.), Leonisa SA (Colombia)
Trending 2024: Compression Garments and Stockings Market Report Highlights:
A comprehensive assessment of the parent Industry
Development of key aspects of the business
A study of industry-wide market segments
Evaluation of market value and volume in past, present, and future years
Evaluation of market share
Tactical approaches of market leaders
Innovative strategies that help companies to improve their position in the market
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Analysis Of The Top Companies, Product Types, and Applications In The Market Report:
This report provides sales, revenue growth rate, and verified information about the major players. Also includes a regional analysis and a labor cost analysis, tables, and figures. It also highlights characteristics such as technological growth. The product type segment is expected to continue to maintain its leading position in the future and capture a significant market share based on sales. This report provides analysis, discussion, forecast, and debate on key industry trends, market share estimates, Industry size, and other information. This report also discusses drivers, risks, and opportunities.
Global Compression Garments and Stockings Market report contains detailed data and analysis on the Compression Garments and Stockings Market drivers, restraints, and opportunities. Experts with market and industry knowledge as well as research experience from regional experts validate the report. The Compression Garments and Stockings Market report provides forecast, historical and current revenue for each industry, region, and end-user segment.
Regions Included
-North America [United States, Canada, Mexico]
-South America [Brazil, Argentina, Columbia, Chile, Peru]
-Europe [Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland]
-Middle East & Africa [GCC, North Africa, South Africa]
-Asia-Pacific [China, Southeast Asia, India, Japan, Korea, Western Asia]
Global Compression Garments and Stockings Market report data will help you make more informed decisions. For example, in relation to prices, distribution channels are means of marketing or identifying opportunities to introduce a new product or service. These results will also help you make more informed decisions about your existing operations and activities.
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You Can Use The Compression Garments and Stockings Market Report To Answer The Following Questions:
What are the growth prospects of the Compression Garments and Stockings Market business?
Who are the key manufacturers in the Compression Garments and Stockings Market space?
What Forecast Period for Global Compression Garments and Stockings Industry Report?
What are the main segments of the global Compression Garments and Stockings Market?
What are the key metrics like opportunities and market drivers?
The Compression Garments and Stockings Market Insights
Product Development/Innovation: Detailed Information On Upcoming Technologies, R&D Activities, And Product Launches In The Market.
Competitive Assessment: In-Depth Assessment Of Market Strategies, Geographic And Business Segments Of Key Market Players.
Market Development: Comprehensive Information On Emerging Markets. This Report Analyzes The Market For Different Segments In Different Regions.
Market Diversification: Comprehensive Information On New Products, Untapped Regions, Latest Developments, And Investments In The Compression Garments and Stockings Market.
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#Compression Garments and Stockings Market#Compression Garments and Stockings Market 2024#Global Compression Garments and Stockings Market#Compression Garments and Stockings Market outlook#Compression Garments and Stockings Market Trend#Compression Garments and Stockings Market Size & Share#Compression Garments and Stockings Market Forecast#Compression Garments and Stockings Market Demand#Compression Garments and Stockings Market sales & price
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Compression Stockings Market to Grow at Highest Pace Owing to Rising Prevalence of Thrombosis and Varicose Veins
The compression stockings market involves products such as knee-high, thigh-high, and waist-high compression stockings that apply gentle pressure on the lower legs and feet. Compression stockings help improve blood circulation by preventing blood pooling in the legs and reducing swelling. They are commonly used to treat and prevent issues like varicose veins, deep vein thrombosis (DVT), leg cramps, heavy legs, spider veins and other chronic venous diseases. Advantages of compression stockings include improved comfort, reduce pain and swelling, prevent blood clots and heal wounds. The growing geriatric population which is more prone to such medical conditions and increasing awareness about the benefits of medical compression garments are majorly driving the adoption of compression stockings. The Global compression stockings market is estimated to be valued at US$ 14,869.5 Mn in 2024 and is expected to exhibit a CAGR of 9.3% over the forecast period 2023 to 2030. Key Takeaways Key players operating in the compression stockings market are Bio Compression System, BSN Medical, Devon Medical Products, Flow Aid medical technologies, Design Veronique, Julius Zorn GmbH, and Medtronic SIGVARIS. These market players are focusing on new product launches and strategic collaborations to strengthen their market presence. The growing prevalence of medical conditions such as varicose veins and DVT is a major factor fuelling demand for compression stockings. According to a study, over 30-40% of the adult population suffers from varicose veins in western countries. Rising obese and geriatric population is further contributing to high incidence rates of varicosis which is expected to drive market growth. Technological advancements have led to the development of new raw materials and advanced production techniques for compression stockings. The introduction of graduated compression technology provides accurate graduated compression across the feet, ankles and calves. Wireless connectivity in smart compression garments is another emerging trend allowing remote monitoring of patients. Market Trends - Increased uptake of medical compression due to proven efficacy: Extensive clinical research proving the therapeutic benefits of compression stockings in preventing and treating chronic venous diseases has increased acceptance amongst healthcare professionals and patients. - Rise in online purchase of compression clothing: Growing e-commerce platforms and company websites are enabling easy availability and purchase of compression stockings from the comfort of home driving market revenues. Market Opportunities - Untapped emerging markets: Developing regions like Asia Pacific and Latin America offer significant growth prospects for compression stockings due to growing health awareness, disposable income and increasing rate of obesity in these regions. - Customization and product premiumization: Market players can leverage opportunities through product customization, incorporation of advanced materials and digital technologies to serve niche customer segments willing to pay premium for added convenience, comfort and efficacy.
#Compression Stockings Market Growth#Compression Stockings Market Share#Compression Stockings Market Trend
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Compression Therapy Market Size: A Tightening Grip on Global Healthcare
The Compression Therapy Market size was valued at USD 4.06 Billion in 2023 & is estimated to reach USD 5.50 Billion by 2031 With a growing CAGR of 3.89% Over the Forecast Period of 2024-2031.The Compression Therapy market, akin to a tailor fitting custom garments for an ailing limb, continues to weave innovative solutions into the fabric of medical care. With a tapestry of advancements spanning from graduated compression stockings to sophisticated pneumatic devices, this market threads together a range of options to alleviate swelling, enhance circulation, and promote healing. As healthcare professionals and patients alike seek more comfortable and effective treatment modalities, the loom of research and development diligently weaves together new materials, designs, and technologies. From chronic venous insufficiency to lymphedema management, each warp and weft of innovation in compression therapy unravels new avenues for enhancing patient outcomes and quality of life. As the demand for non-invasive and efficacious interventions continues to grow, the Compression Therapy market unfurls its tapestry, offering a seamless blend of comfort, functionality, and therapeutic efficacy.
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Market Scope & Overview
The market research report highlights the important regulatory organizations as well as the important international rules and regulations put in place to regulate this industry. Interviews, questionnaires, and the observation of well-known industry experts are all used in the main study. The market research for Compression Therapy Market includes market size predictions, verifiable data from reliable sources, and in-depth qualitative analysis. The predictions are supported by an established research methodology. In order to develop the market analysis, primary and secondary data were used.
The research uses the Ansoff Matrix and Porter's Five Forces model to carry out a complete market analysis. An innovative method for examining and assessing a company's position that combines a market performance score with an industry position score is called a competitive quadrant. The Compression Therapy Market study also discusses the sector's regulatory environment, which will help you make a wise decision.
Market Segmentation Analysis
By Technique
Dynamic Compression Therapy
Static Compression Therapy
By Application
Deep Vein Thrombosis Treatment
Varicose Vein Treatment
Leg Ulcer Treatment
Lymphedema Treatment
Other Applications
By Distribution Channel
Retail pharmacies
Hospital pharmacies
E-commerce
Others
Russia-Ukraine Conflict Impact Analysis
Recent market research on the target market discusses how the crisis between Russia and Ukraine has affected that market. The Compression Therapy Market research focuses on both the emerging prospects and the significant problems that the market is currently experiencing as a result of these disagreements.
Regional Outlook
Numerous aspects, including the financial performance of the prior year, growth objectives, innovation score, new product releases, investments, market share growth, and others are all taken into consideration when conducting research on different areas of the Compression Therapy Market throughout the world.
Competitive Analysis
The top market participants are carefully investigated, with information on their histories, SWOT analyses, most recent successes, and corporate objectives included. Every aspect of the market is looked at, with a focus on important players such market leaders, followers, and entrants. By offering a thorough comparative analysis of the major players in the Compression Therapy Market based on their offerings, prices, financial standing, product portfolios, growth strategies, and geographic reach, the report serves as a buyer's guide for investors.
Key Reasons to Purchase Compression Therapy Market Report
To track the development of the worldwide market competition, keep an eye on new product releases, collaborations, market expansions, and acquisitions.
Insights into the company's goods, applications, important areas and countries, market size, historical data, and forecast estimates.
Conclusion
The data and figures in the report will assist multinational corporations in defining, clarifying, and evaluating their product sales volume, value, and market share, as well as market competition, SWOT analysis, and long-term growth strategies.
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Venous Thromboembolism Treatment Market by Size, Share, Forecast, & Trends Analysis
Venous Thromboembolism Treatment Market by Size, Share, Forecast, & Trends Analysis
Meticulous Research®—a leading global market research company, published a research report titled, ‘Venous Thromboembolism Treatment Market by Device (Thrombectomy, Inferior Vena Cava Filter [Retrievable, Permanent], Stockings, Compression Pump) Application (DVT, Pulmonary Embolism) End User (Hospital, Ambulatory Care Center) – Global Forecast to 2030.’
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According to this latest publication from Meticulous Research®, the global venous thromboembolism treatment market is projected to reach $4.40 billion by 2030, at a CAGR of 7.2%. The high prevalence of venous thromboembolism, rising incidence of cancer, growing prevalence of secondary risk factors such as diabetes and obesity, increase in orthopedic surgical procedures, and the rising demand for minimally invasive treatment procedures are the key factors driving the growth of the venous thromboembolism treatment market. Furthermore, the growing accessibility and affordability of treatment options, advancements in VTE diagnosis and treatment methods, and the market expansion in emerging economies are expected to create market growth opportunities.
However, instances of product failure and product recalls may restrain the market’s growth. Additionally, lack of awareness about venous thromboembolism and increasing awareness of probable side effects of compression garments are major challenges for market growth.
Top 10 companies: https://meticulousblog.org/top-10-companies-in-venous-thromboembolism-treatment-market/?utm_source=article&utm_medium=social&utm_campaign=product&utm_content=23-04-2024
Key Players
The key players profiled in the venous thromboembolism treatment market report are ALN Implants chirurgicaux (ALN Surgical Implants) (France), AngioDynamics, Inc. (U.S.), Argon Medical Devices, Inc. (U.S.), ArjoHuntleigh AB (Sweden), Boston Scientific Corporation (U.S.), Cardinal Health, Inc. (U.S.), Cook Group Incorporated (U.S.), Koninklijke Philips N.V. (Netherlands), DS MAREF Co., LTD (South Korea), Enovis Corporation (U.S.), LifeTech Scientific Corporation (China), Medtronic plc (Ireland), and Stryker Corporation (U.S.).
The global venous thromboembolism treatment market is segmented by device (thrombectomy devices, inferior vena cava filters {retrievable filters and permanent filters}, stockings, compression pumps, and other devices & accessories), application (deep vein thrombosis and pulmonary embolism), end user (hospitals, ambulatory care centers, and other end users), and geography. The study also evaluates industry competitors and analyzes the market at the global and regional levels.
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Based on application, in 2023, the deep vein thrombosis segment is expected to account for the largest share of the market. The large market share of this segment is attributed to the increasing geriatric population, rising cases of obesity, increasing cases of deep vein thrombosis due to disease-causing lifestyle, excessive alcohol consumption, and the growing awareness and early diagnosis of DVT. Obesity plays a significant role in the development of venous stasis, increasing the susceptibility to DVT. According to the World Health Organization (WHO), in 2021, the global prevalence of obesity exceeded 1 million individuals, encompassing 340 million adolescents, 650 million adults, and 39 million children. This number is expected to increase by about 167 million people, including adults and children, by 2025. Hence, the growing aging population and rising obesity rates are anticipated to drive the demand for devices aimed at preventing deep vein thrombosis during the forecast period
.Geographic Review
This research report analyzes major geographies and provides a comprehensive analysis of North America (U.S., Canada), Europe (Germany, France, U.K., Italy, Spain, and the Rest of Europe), Asia-Pacific (China, Japan, India, and Rest of Asia-Pacific), Latin America, and the Middle East & Africa. In 2022, North America is expected to account for the largest share of the venous thromboembolism treatment market, followed by Europe.
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Data Bridge Market Research analyzes that the global compression garments and stockings market, which was USD 2,713.54 million in 2023, is likely to reach USD 4,028.56 million by 2031 and is expected to undergo a CAGR of 5.4% during the forecast period. “Compression garments” dominate the product type segment of the market due to the rise in the incidence of chronic diseases. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
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Compression Stockings are Estimated to Witness High Growth Owing to Opportunity of Preventing DVT and other Circulation Problems
Compression stockings are medical hosiery worn to improve blood circulation in the legs and to prevent deep vein thrombosis (DVT). These stockings put gentle pressure on the leg veins and muscles and help improve blood flow back to the heart. The pressure is greatest at the ankle and gradually decreases up the leg. Compression stockings are available in different compression ratings and are prescribed based on individual health needs and severity of circulation problems. The global compression stockings market is estimated to be valued at US$14,869.5 Mn in 2023 and is expected to exhibit a CAGR of 9.3% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market Opportunity: Preventing DVT and other circulation issues is a major opportunity for the compression stockings market. DVT occurs when a blood clot forms in one or more of the deep veins in the legs. Compression stockings help improve blood flow and circulation which prevents such clots from forming. With a rapidly aging global population and rising prevalence of lifestyle diseases like diabetes which impact circulation, the risk of DVT and other circulation problems is increasing worldwide. Compression stockings can effectively minimize this risk and thereby improve quality of life for those affected. The stockings are also a cost-effective and non-invasive solution compared to alternative treatments. This growing opportunity for preventive healthcare through compression stockings is expected to drive significant market growth during the forecast period. Porter's Analysis Threat of new entrants: The threat of new entrants is moderate due to moderate capital requirements however established brands and regulations act as a barrier. Bargaining power of buyers: The bargaining power of buyers is high due to availability of various substitutes and undifferentiated products leading to price sensitivity. Bargaining power of suppliers: The bargaining power of suppliers is moderate as key raw materials are available and supplier base is large. Threat of new substitutes: The threat of new substitutes is high due to availability of alternative compression garments and therapies. Competitive rivalry: Competitive rivalry is high due to established brands, undifferentiated products and price wars. SWOT Analysis Strength: Products are medically tested and approved. Wide availability through hospitals, clinics and online stores. Effective in reducing pain, swelling and fatigue. Weakness: High costs affect compliance. Require fitting by trained professionals. Issues like slipping and discomfort reduce usage. Opportunity: Growing diabetic and obese population increases demand. Untapped markets in developing regions present scope. Usage expanded to deep vein thrombosis and post-surgical cases. Threats: Alternate therapies and surgeries pose competition. Reimbursement issues and regulations and pricing pressures impact sales. Key Takeaways The global Compression Stockings market is expected to witness high growth. The market size for 2023 is US$ 14,869.5 Mn and is forecast to reach US$ 24,772.9 Mn by 2030 at a CAGR of 9.3% during the forecast period. North America dominates the market currently owing to high awareness and growing obese population. However, Asia Pacific is expected to be the fastest growing region due to rapid economic development, rising healthcare expenditure and growing medical tourism. Key players operating in the Compression Stockings market are Bio Compression Systems, BSN medical, Devon Medical Products, Flow Aid medical technologies, Design Veronique, Julius Zorn GmbH, and Medtronic SIGVARIS. Regional analysis shows North America dominates with a share of over 35% due to advanced healthcare facilities and infrastructure. Asia Pacific is expected to grow at a CAGR of over 11% during the forecast period.
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UK Medical Compression Garments Market Insights, Growth & Forecast 2022 to 2030
Astute Analytica created the Global UK Medical Compression Garments Market Research Report based on a thorough understanding of the client’s needs.
This research offers details on the regional and worldwide market conditions as they are right now. This offers insightful information on the world market. This industry analysis report provides specifics on market forces, market constraints, and their impact on market demand going forward. The market research provides a broad overview of this sector.
The UK Medical Compression Garments Market is estimated to witness a rise in its revenue from US$ 150.3 Mn in 2021 to US$ 238.7 Mn by 2030, registering a CAGR of 5.5% over the forecast period 2022–2030.
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The report includes data on businesses, app categories, nations, and geographies. These reports include data on trade, investments, sales, and turnover. The impact of COVID-19 on the upstream, midstream, and downstream businesses is examined via market research. This research uses statistics to analyze a number of different aspects of the industry.
The report on the worldwide UK Medical Compression Garments Market looks at prospective expansion in various applications and geographical areas. The impact of industry demography and industry growth are examined in this study. The study looks at preferred channels, domain drivers, and market dynamics in emerging markets. There are also restraints in it. Prices, revenues, revenue growth, and production costs were all analyzed.
The elements in this study have the potential to significantly impact market expansion throughout the projected period. Access to the necessary data is made simple by the availability of a market dashboard with all the specifics. There are various components to the UK Medical Compression Garments Market Analysis and Future Outlook. This report contains facts and information that can help businesses decide more wisely and increase their return on investment (ROI). CAGR figures are used in this study to quantify changes in or increases in product demand throughout a predicted period.
Leading Companies
The key players in the UK Medical Compression Garments Market are Medi GmbH and Co. Kg, LIPOELASTIC, Essity AB, Eurosurgical and Medasun Medical among others. Through extensive research, it is found that big players have adopted various competitive strategies such as mergers & acquisitions in order to have a grip on the emerging market. Furthermore, leading companies are expanding their geographical boundaries by acquiring small brands and domestic companies.
Explore the Full Comprehensive Report Here: https://www.astuteanalytica.com/industry-report/uk-medical-compression-garments-market
Segmentation Outline
The following are the different segments of the UK Medical Compression Garments Market:
By Product segment of the UK Medical Compression Garments Market is sub-segmented into:
Upper Compression Garments
Lower Compression Garments
Anti-embolism Stockings
Others
By Class segment of the UK Medical Compression Garments Market is sub-segmented into:
Class 1 (14–17 mmHg)
Class 2 (18–24 mmHg)
Class 3 (25–35 mmHg)
By Application segment of the UK Medical Compression Garments Market is sub-segmented into:
Varicose Vein
Deep Vein Thrombosis
Wound Care
Burns
Oncology
Other
By End User segment of the UK Medical Compression Garments Market is sub-segmented into:
Hospitals
Clinics
Ambulatory Surgical Centers
Other
Important Developments in the UK Medical Compression Garments Market:
The report examines manufacturers’ profiles, news, main companies, and revenue.
To demonstrate the intense competition that the top manufacturers in the world deal with.
Presenting the market by kind and application, along with each type’s revenue, sales, and growth rates.
An examination of the major nations in North America according to manufacturer, application, and kind. Southeast Asia and Europe. Latin America. Sales, turnover, and market shares for manufacturers.
The report examines the manufacturing expenses, raw resources, and production process.
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The Compression Therapy Market: Promising Growth Ahead
The compression therapy market is poised for steady growth in the coming years according to a new report by Industry Experts. Compression therapy involves the use of elastic garments and devices to apply pressure to limbs or other body parts. This can help treat conditions like lymphedema, varicose veins, deep vein thrombosis (DVT) and leg ulcers.
Download PDF Brochure-https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=146548022
The global compression therapy market was valued at $3.7 billion in 2022 and is expected to reach $4.9 billion by 2027, growing at a compound annual growth rate (CAGR) of 5.5%. Several factors are driving this projected growth.
One major driver is the rising incidence of sports injuries and accidents globally. With more people engaging in athletic activities and fitness pursuits, there has been an uptick in related injuries. Compression therapy products like braces and wraps can aid recovery and healing. This expanding patient pool presents significant opportunities for compression therapy companies.
The growth in the elderly demographic susceptible to conditions like varicose veins and leg ulcers is also fueling demand. As per the report, the varicose vein treatment segment held the largest share of the global compression therapy market in 2021. Compression stockings and bandages are often the first line of treatment recommended for varicose veins.
Developing regions like Asia-Pacific are expected to experience the fastest growth over the forecast period. Rising disposable incomes in countries such as China and India is increasing access to healthcare services. Furthermore, increased efforts by major players to establish a presence in Asia-Pacific markets are paying dividends.
However, the report also highlights some challenges facing the compression therapy sector. Patient compliance with compression garments, especially over long-term use, remains an issue. Some patients find compression garments uncomfortable or have skin irritation. More focus on patient education and comfort innovations could potentially address this restraint.
The distribution landscape is also evolving, with pharmacies, online retailers and e-commerce platforms gaining ground over hospitals and clinics for some compression products. This presents an opportunity for manufacturers to boost sales through new distribution partnerships.
Download PDF Brochure-https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=146548022
Overall, the future looks promising for the global compression therapy industry. With an expanding target demographic and rising adoption in developing markets, companies can tap into significant opportunities. Focusing on product development, increasing awareness and improving access can help overcome existing growth barriers. As the market steadily expands, new innovations and advanced compression modalities will continue improving patient outcomes and quality of life.
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Compression Stockings Market Surges Ahead with Impressive $2.44 Bn USD and 5.6% CAGR Growth
the growth of the global compression stockings market.
Allied Market Research published a report, titled, "Compression Stockings Market by Type (Knee High and Thigh high), Demography (Men and Women) and Distribution Channel (Departmental Stores and E-commerce): Global Opportunity Analysis and Industry Forecast, 2019-2026." According to the report, the global compression stockings industry was estimated at $1.6 billion in 2018 and is expected to hit $2.44 billion by 2026, registering a CAGR of 5.6% from 2019 to 2026.
Drivers, restraints & opportunities-
Change in lifestyle, innovation in fabrics and garments designs, increase in number of chronic venous leg ulceration (VLU) patients, surge in demand from geriatric population fuel the growth of the global compression stockings market. On the other hand, rise in awareness of probable side effects of compression garments restrains the growth to some extent. However, continuous product innovation, and advent of social media marketing are expected to pave the way for a number of opportunities for the frontrunners in the industry.
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Compression garments are widely being considered as an important measure in preventing the recurrence of venous leg ulcers. Moreover, compression is being recognized as the cornerstone for long-term management of chronic edema. Over the past couple of years, rise in number of cases of edema as well as venous leg ulcers has been witnessed, especially among individuals who are aged above 50 years. Hence, such patients rely on compression stockings for proper blood circulation. Thus, rise in number of patients suffering from venous leg ulcers patients triggers the demand for compression stockings, thereby augmenting the global compression stockings market growth.
Key players in the market-
Triumph International Corporation 2xu Pty Ltd. Creswell Sock Mills Ann Chery Colfax Corporation (DJO Global) Spanx Inc. I-Runner European Lingerie Group Leonisa Zhende Medical Group
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Over the years, the compression stocking segment has endured higher level of evolution in terms of product offerings. Taking in account customers’ desire of convenience in using any kind of healthcare products, some of the key manufacturers in global compression stockings market have strategized on introducing novel and unique products. For example, VenoPower brand of Tacco has introduced compression sock free design, which helps to increase the blood circulation by 26%. Unlike compression socks which only stimulate the calf muscle to assist in circulation, VenoPower activates both the calf and venous foot pump simultaneously. Hence, innovation is considered to be an influential compression stockings market trend.
The global market is segmented on the basis of product type, demography, distribution channel and region. Based on product type, the market is segmented into knee high and thigh high. Based on demography, the market is classified into men and women. By distribution channel the market is divided into departmental stores and E-commerce. Based on region, the market is analyzed across North America (U.S., Canada, and Mexico), Europe (Germany, Spain, UK, Italy, France, and rest of Europe), Asia-Pacific (China, India, Japan, Australia, South Korea, and rest of Asia-Pacific), and LAMEA (Brazil, South Africa, Saudi Arabia, UAE, and rest of LAMEA).
𝗥𝗲𝗾𝘂𝗲𝘀𝘁 𝗙𝗼𝗿 𝗖𝘂𝘀𝘁𝗼𝗺𝗶𝘇𝗮𝘁𝗶𝗼𝗻 :- https://www.alliedmarketresearch.com/request-for-customization/6318
Apart from innovation, aesthetics in compression stocking is another key factors that helps draw the attention of target customers in the global market. Initially, compression stockings were available in traditional medical care designs and fabrics that tend to be unattractive. However, in the recent past, compression stocking manufacturers strategized on launching fashion-oriented products that cater to growing customer requirements. For instance, in 2017, Comrad, one of the key manufacturers in global compression stockings market, launched a new line of compression stockings that feature alluring prints and modern styles. Hence improvisation in compression stockings will be an influential factor during the forecast period.
Key Findings of the Study
In 2018, by type, the thigh-high segment accounted for around higher value compression stockings market share, i.e., 55.9%. In 2018, depending on demography, the men segment is expected to register a CAGR of 6.2% during the forecast. In 2018, North America accounted for a prominent market share of 40.4%.
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Compression Garments and Stockings Market 2022 Report Overview, Company Profiles, Consumption by Region, Value Chain and Sales Analysis to 2029
Increasing demand for compression garments to avoid sports injuries is prominently driving sales of compression garments and stockings in the global market. Surpassing revenues worth US$ 2.8 Bn in 2022, global compression garments and stockings market is projected for a promising CAGR during the forecast period (2022 – 2029). Ascending prevalence of varicose veins will remain a significant contributor to the growth of compression garments and stockings market.
Manufacturers of compression garments and stockings would maintain their strategic focus on advancements in fabric technology and innovation in fabric materials to provide patients with increased comfort and efficiency.
Increasing frequency of new product launches, which are centered around improved safety and comfort for patients, would continue to propel the number of products sold annually. Chiropractors and physiotherapists, prescribing compression garments and stockings for degenerative disorders are fueling the market growth.
Key Takeaways – Compression Garments and Stockings Market Study
Growing adoption of compression garments for orthopaedic post-surgical pain management, has contributed to the significant market share of the segment by product type.
Hospitals to remain as prominent distribution channel for compression garments and stockings for patients suffering from muscle pain, swelling and bone-related injuries.
Online sales of compression garments and stocking are gathering momentum owing to favorable discounts and free shipping offered by various platforms.
Growing preference for compression garments and stockings among geriatric population in Western Europe, contributed to the significant dominance of the region in compression garments and stockings market.
Increasing number of sports injuries and wounds are expected to drive the compression garments and stockings market growth. Strict norms for the use of compression garments and stockings among armed forces personnel and athletes are anticipated to propel the market growth.
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Rising Awareness Holds Key to Unlock New Markets
The key manufacturers in the global compression garments and stockings market are keen to spread awareness about the benefits offered by compression garments and stockings. In May 2017, BSN Medical hosted panel discussions on chronic venous diseases and wound infection management at EWMA 2017. Medi GmbH & Co. KG spreads awareness through its alliance with German Society for Arthroscopy and Joint Surgery, Eurocom, German Association for Shoulder and Elbow Surgery, German Knee Society and other associations.
More About Compression Garments and Stockings Market Study
Future Market Insights brings the comprehensive research report on forecasted revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of segments from 2015 to 2029. The global compression garments and stockings market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach to the reader.
The study provides compelling insights on compression garments and stockings market on the basis of product type (compression garments, compression stockings), application (varicose vein, wound care, burns, oncology, other indications) and distribution channel (hospitals, ambulatory surgical centers, clinics, online sales, other healthcare facilities) across seven major regions.
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Compression Therapy Market In-Deep Analysis and Experts Review Report 2031
Market Overview
The global compression therapy market size was valued at USD 3.0 billion in 2021 and it is anticipated to grow at a CAGR of 8.4% during the forecast period to reach up to USD 6.8 billion by 2031.
Compression therapy uses controlled pressure on the lower extremities to increase blood flow and efficiency of the lymphatic and venous system. It is the most established and the most important method of treatment for venous and lymphatic diseases. According to an article published by the National Center for Biotechnology Information (NCBI) in 2018, lymphedema is a pandemic and affects approximately 250 million patients across the globe. The increase in the prevalence of vein disorders such as venous leg ulcer, lymphedema, deep vein thrombosis, etc., the increasing geriatric population, and the rise in the adoption of pressure therapies for the treatment of these vein disorders are the key factors likely to drive the compression therapy market growth during the projection period.
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Market Dynamics
The presence of a large target patient population is boosting the market growth of the global compression therapy market. The target population for compression therapy products includes patients suffering from lifestyle-related diseases and vascular diseases, like obesity, diabetes, lymphedema, DVT, and varicose veins. The rising geriatric population across the globe is the primary factor supporting market growth as geriatric individuals are more susceptible to various health conditions. These factors are driving the demand and adoption of various treatment procedures, including compression therapy, among patients. Moreover, compression therapy products are increasingly being preferred as the first line of treatment for major target indications and for post-surgery rehabilitation.
The key factor hindering the market growth is the lack of universally accepted standards for compression products. The lack of uniform international pressure standards for compression therapy garments across the world may cause confusion regarding the selection of the garment for the treatment of various diseases. Worldwide, several standards, including the German RAL, French ASQUL, and British standards, exist with different pressure specifications comprised in each standard. For example, as per the British, French, and German standards, the pressure applied by Class I compression hosiery should be 14–17 mmHg, 15 mmHg, and 18–21 mmHg, respectively.
Adding to that, the US FDA does not have any set standards for compression garments. Currently, the pressure exerted by stockings is determined by manufacturers on the basis of their laboratory measurements owing to the lack of uniform standards for graduated compression stockings worldwide. Moreover, factors such as the elasticity and stiffness of stocking material and the size and shape of a patient’s legs can affect the overall pressure exerted by the garment. Considering the lack of uniform standards in the market, a wide range of products are offered at different price points with varying levels of medical efficacy. The varying efficacy of these products can potentially hamper customer trust in compression therapy, thereby restraining the growth of this market.
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The key players in the global compression therapy market are DJO Global, Inc. (US), BSN medical (US), medi GmbH & Co. KG (Germany), Tactile Medical (US), SIGVARIS (Switzerland), Paul Hartmann AG (Germany), Sanyleg S.r.l. (Italy), 3M (US), ConvaTec Inc. (US), ArjoHuntleigh (Sweden), Julius Zorn GmbH (Germany), Bio Compression Systems, Inc. (US), Cardinal Health, Inc. (US), and Smith & Nephew plc (UK).
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Research Insight For Compression Therapy Market
The compression therapy market size is expected to grow from an estimated USD 3.0 billion in 2021 to USD 3.9 billion by 2026, at a CAGR of 5.2%. The presence of a large target patient population, increasing number of sports injuries & accidents across the globe, and the rising number of orthopedic procedures are the major factors that are expected to drive the growth of the global compression therapy market during the forecast period. However, the lack of universally accepted standards for compression products and the low patient compliance for compression garments are the key factors hindering the growth of this market.
A few major players that have an extensive geographic presence dominate the compression therapy industry globally. The leading players in the compression therapy market include DJO Global, Inc. (US), BSN medical (US), medi GmbH & Co. KG (Germany), Tactile Medical (US), SIGVARIS (Switzerland), Paul Hartmann AG (Germany), Sanyleg S.r.l. (Italy), 3M (US), ConvaTec Inc. (US), ArjoHuntleigh (Sweden), Julius Zorn GmbH (Germany), Bio Compression Systems, Inc. (US), Cardinal Health, Inc. (US), and Smith & Nephew plc (UK) among others.
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The major strategies adopted by these players include new product launches, collaborations & agreements, mergers, investments & expansions. New product launches was the most commonly adopted strategy from January 2017 to July 2021.
In 2020, BSN medical (Germany) was a leading player in the compression therapy market. The company offers a broad range of compression products, including bandages, stockings, and socks, which are used to treat diabetes, lymphedema, and DVT. The company primarily focuses on acquisitions, product launches, and agreements to sustain its leadership position in the compression therapy market. Over the last few years, the company has made strategic acquisitions (such as the acquisition of Wright Therapy Products, Inc. (US), a manufacturer of compression therapy systems, in 2015) to strengthen its presence in the compression therapy market. The company has a strong presence in Germany, Colombia, France, Mexico, Pakistan, South Africa, Venezuela, New Zealand, and the US.
In 2020, DJO (US) was a key player in the compression therapy market. The company offers several compression therapy products, such as compression garments, devices, and pumps for various chronic diseases. Its products are sold under various brands, such as DVT, Bell-Horn, and Aircast. DJO focuses on acquisitions to expand its product offerings in the compression therapy market. The company has acquired several distributors in various locations, including Australia, Canada, South Africa, and Tunisia. This has helped the company to expand its geographical reach and control the distribution and sales of its products in these countries.
Tactile Medical (US) is one of the major players operating in the compression pumps market; in recent years, the company has seen double-digit revenue growth in this market. Tactile Medical employs a direct-to-patient and provider model to deliver its solutions to patients and also trains them on the proper use of its compression therapy solutions. It is also emphasizing on creating awareness about its brand among patients by advertising through campaigns, exhibitions, and trade shows; conducting physician meetings; training and educating clinicians; and publishing additional clinical and economic outcome data. The company is currently selling its products only within the US. However, it is planning to pursue future international expansion in Europe and Canada.
Key Market Players
The major players in the compression therapy market are DJO Global, Inc. (US), BSN medical (US), medi GmbH & Co. KG (Germany), Tactile Medical (US), SIGVARIS (Switzerland), Sanyleg S.r.l. (Italy), 3M Company (US), ConvaTec Inc. (US), ArjoHuntleigh (Getinge Group, Sweden), and Julius Zorn GmbH (Germany).
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Jobst Compression Leg Sleeve
If you have been suffering from venous leg ulcers, you may have heard of the Jobst compression leg sleeve. These products are designed for people with both active and healing ulcers. It provides therapeutic compression that reduces swelling and pain while providing comfort and style. Developed with over 65 years of experience, Jobst has become the global leader in lymphatic and venous disease management. Its products are loved by people of all ages and have become an important part of people’s lives.
Conrad Jobst, the inventor of the compression stockings, found relief from hydrostatic pressure while he was swimming. As he continued to swim, he realized that if he could replicate the same subtle pressure in his garment, it would help other people suffering from similar conditions. He created gradient-pressure stockings that replicated this same principle. In 1950, Jobst founded the JOBST company and began marketing compression stockings to the public.
The JOBST compression leg sleeve has a unique blend of technical fabrics that help improve circulation in the leg. Designed to be durable and comfortable, JOBST compression socks and sleeve are made with the best materials to avoid irritating abrasions or pressure points. Moreover, the materials used to make JOBST compression leg sleeve are non-irritating and easy to clean. In addition to providing relief from venous disease, JOBST compression stockings and leg sleeve are perfect for formal or everyday use.
Designed to help patients manage lymphedema and sleep better, the JOBST Relax custom-knit compression garment redefines nighttime management. Its sleek, clinically effective design complements the other compression garments that patients use during the day. Designed to be comfortable, the JOBST Relax leg sleeve can help patients deal with edema and fluid accumulation at night. Simply fill out the order form to start your custom garment today.
from Leg Compression Machine Reviews https://legcompressionmachine.com/jobst-compression-leg-sleeve/
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Compression Therapy Market Size to Deliver Greater Revenues during the Forecast Period till 2027
Market Analysis:
The global compression therapy market is eyeing for substantial growth at a notable 5.2% CAGR over the forecast period (2018-2023).
Simply put, Compression Therapy Market Size is a method to apply external pressure on the limbs or some other body parts which can treat different chronic diseases. It is an extremely effective treatment especially for disease indications namely chronic & diabetic ulcers, lymphedema, varicose veins, venous thrombolism, (VTE), and deep vein thrombosis (DVT). Earlier compressions were available only in two forms, socks and stockings but today other varieties are also available such as masks, elbow sleeves, and shin sleeves. A compression stocking is specially designed for providing support to veins and legs, help with circulation and also minimize swelling. It will provide one with the needed support for maintaining and enhancing their lifestyle. No matter it is spending time travelling, participating in favorite hobbies or doing the daily chores, one can continue with their activities and at the same time receive the therapeutic advantages of compression.
There are many factors that are driving the growth of the compression therapy market. Some of these factors as per the Market Research Future (MRFR) report include aging population, increasing awareness among patients, rising cases of disease indications, product durability, ease of application, rising incidences of accidents and sports injuries, advancements in technology, advances in textile and garments technology, bandages and compression stockings that is improving patient comfort and existence of a huge target patient population. On the other hand, factors such as lack of knowledge concerning the disease indication, inadequate reimbursement from government agencies especially in developed countries, low patient compliance, adoption of alternative techniques and lack of standards for such products may hinder the growth of the compression therapy market.
Key Players:
Leading players profiled in the compression therapy market include Juzo, Getinge AB, DJO Global Inc., Convatec Inc., Tactile Medical, Sanyleg S.R.L., Sigvaris, Cardinal Health, Inc., Smith & Nephew PLC., Paul Hartmann AG, Medi GmbH & Co. Kg, BSN Medical, Bio Compression Systems, Inc., Medtronic PLC, 3M, and others.
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Market Segmentation:
As per the MRFR report, the compression therapy market is segmented on the basis of technique, application, and product.
Based on technique, it is segmented into dynamic compression therapy and static compression therapy.
Based on application, the compression therapy market is segmented into leg ulcer treatment, lymphedema treatment, deep vein thrombosis treatment, varicose vein treatment, and others.
Based on product, it is segmented into compression braces, compression pumps, and compression garments. Compression garments are further segmented into wraps, compression bandages, compression stockings, and others.
Regional Analysis:
Based on the region, the compression therapy market covers growth opportunities and latest trends across North America, Europe, Asia Pacific, and the Middle East and Africa. Of these, North America will dominate the market over the forecast period owing to the presence of leading players in the region. Europe will grab the second largest position in the compression therapy market due to increasing investment in research and development activities and growing incidences of venous leg ulcers in Northern Europe. The compression therapy market in the APAC region is anticipated to be the fastest growing during the forecast period owing to a couple of factors namely increasing healthcare expenditure, rising penetration of market player in the region and the expanding healthcare sector. On the other hand, the compression therapy market in the Middle East and Africa is anticipated to have a minimal share over the forecast period owing to low-per capita income in the African region.
Competitive Analysis:
The global compression therapy market is competitive and highly fragmented which obstructs the access to new players in this market. However, the functional players are expected in restoring to strategic alliances, acquisitions, and mergers for expanding their geographical reach.
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Varicose Vein Treatment Market Will Escalate Rapidly in the Near Future
Varicose Vein Treatment Market: Introduction
Transparency Market Research has published a new report on the varicose vein treatment market. According to the report, the global varicose vein treatment market was valued at ~US$ 1.5 Bn in 2018 and is projected to expand at a CAGR of ~5% from 2019 to 2027.
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Varicose vein is one of the common diseases caused due to damage to the vein valves. Multiple child birth, pregnancy, and obesity are the risk factors associated with varicose veins. Endovenous ablation, sclerotherapy, ligation, stripping, and compression therapy are the various options available to treat varicose veins. Compression stockings are preferred as a long-term treatment for varicose veins. Sclerotherapy is an alternative option for conventional surgery. Endovenous ablation is a less-invasive treatment option for varicose veins.
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In terms of treatment type, the supportive treatments segment accounted for a major share of the global varicose vein treatment market in 2018. The trend is expected to continue during the forecast period, owing to rise in the use of compression stockings in home care. The endovenous ablation segment held a significant share of the varicose vein treatment market in 2018. The segment is likely to grow at a rapid pace during the forecast period, due to inclination among patients toward minimally-invasive treatment options. The sclerotherapy/adhesion injection segment accounted for a major share of the global market in 2018. Based on product, the compression devices/garments segment held a significant share of the varicose vein treatment market in 2018. The segment is projected to expand at a moderate CAGR during the forecast period. Growth of the segment is attributed to rise in the prevalence of the varicose vein condition. The ablation devices segment is anticipated to grow at a rapid pace from 2019 to 2027, owing to rise in the demand for technologically-advanced products. Moreover, increase in awareness about ablation devices is expected to fuel the growth of the segment. The radio frequency ablation/thermal ablation sub-segment accounted for a major share of the ablation devices segment, due to the wide availability of radiofrequency ablation products. In terms of disease, the greater saphenous varicose vein segment held a major share of the varicose vein treatment market in 2018. The segment is likely to expand at a high CAGR from 2019 to 2027. Growth of the segment is attributed to rise in the prevalence of the greater saphenous varicose vein condition. Based on end user, the hospitals & ambulatory surgical centers segment accounted for a major share of the market, due to the availability of services and rise in the rate of hospitalization. Moreover, the preference for ambulatory surgical centers due to short hospital stays is likely fuel the growth of the segment.
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Global Varicose Vein Treatment Market: Prominent Regions
North America held a major share of the global varicose vein treatment market in 2018. Growth of the market in the region is attributed to the early adoption of technologically-advanced products. Moreover, strategies adopted by key players are anticipated to boost the growth of the varicose vein treatment market in North America. For instance, in January 2017, BTG International Ltd. announced the launch of Varithena in Canada for the treatment of varicose veins. In February 2015, Medtronic received approval from the U.S. Food and Drug Administration for the VenaSeal closure system. This product approval helped the company strengthen its endovenous portfolio, and increase treatment options for physicians and patients. Moreover, rise in the prevalence of varicose veins is expected to fuel the growth of the market in the region. According to the American Heart Association, Inc., the prevalence of reticular vein and spider telangiectasias is higher in women in the U.S. Europe held the second-largest share of the global varicose vein treatment market in 2018. Growth of the market in the region is attributed to strategies adopted by key players. For instance, in April 2019, Theraclion received CE mark for SONOVEIN for the treatment of varicose veins. Asia Pacific accounted for a significant share of the global market. The market in the region is likely to grow at a rapid pace during the forecast period. This is attributed to increase in the number of people suffering from obesity and surge in the geriatric population. Moreover, rise in the prevalence of the varicose vein condition is projected to accelerate the growth of the market in the region. According to a study published in Occupational Safety and Health Research Institute, conducted during March and August 2014, in Pusan National University, Yangsan Hospital, South Korea, 67 out of 414 nurses were diagnosed with varicose vein using duplex ultrasonography. An article published in the International Journal of Research in Medical Sciences stated that, varicose vein is more prevalent in women than men, and it affects half of the women in northern India.
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Varicose Vein Treatment Market: Key Players
Key players are expanding their footprint to strengthen their position in the global varicose vein treatment market. Development of new treatments and surge in the number of patients with varicose veins present lucrative opportunities for key players in the global varicose vein treatment market. These players are engaged in new products developments, mergers & acquisitions, and distribution agreements. For instance, in December 2018, Merit Medical acquired Vascular Insights, LLC, which strengthened the customer reach of ClariVein. In November 2017, BTG International, Ltd. received CPT codes for Varithena. In November 2015, Medtronic launched VenaSeal in the U.S. This product launch enabled the company to provide treatment options for patients with symptomatic venous reflux.
Prominent players operating in the global varicose vein treatment market are Medtronic, AngioDynamics, BTG International Ltd., VVT Medical, F Care System, WON TECH Co., Ltd., DJO, LLC, Miravas, Mylan N.V., Teleflex Incorporated, BSN medical, and SIGVARIS.
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