July 20, 2024

Compression Stockings Fuel Growth Of The Compression Garments And Stockings Market

Market Overview:

Compression garments and stockings provide gentle graduated pressure around the body aimed at improving circulation and reducing swelling of veins and lymphatic vessels. They are commonly used to treat conditions such as deep vein thrombosis, varicose veins, swelling in leg and feet due to pregnancy and post-surgery recovery.

Market Key Trends:

One of the key trends in the compression garments and stockings market is the growing popularity of compression stockings and shorts for sports recovery and performance enhancement. Compression garments aid in better circulation, reduced soreness and swelling after intense workouts. They help athletes recover faster and perform better. Growing awareness about the health benefits of compression garments for active individuals is fueling demand. Manufacturers are introducing new lightweight, breathable and skin-friendly fabrics as well as fashionable design and colors to appeal to sportspersons and remain comfortable for all-day wear.

Segment Analysis
Compression Garments And Stockings Market is segmented based on product type, leg shape, application and distribution channel. The legwear sub-segment dominates the market owing to increasing adoption of medical compression socks for preventing venous disorders like varicose veins and deep vein thrombosis among others. Medical use sub-segment is expected to register highest growth due to growing geriatric population suffering from chronic diseases requiring compression garments for treatment.

Key Takeaways

The Global Compression Garments And Stockings Market Demand is expected to witness high growth, exhibiting CAGR of 5.1% over the forecast period, due to increasing prevalence of obesity and chronic venous diseases.

Regional analysis
North America dominates the global compression garments and stockings market owing to rising awareness regarding benefits of compression garments and presence of major players in the region. Asia Pacific is expected to exhibit highest growth due to rapidly growing geriatric population suffering from chronic diseases in China and India.

Key players
Key players operating in the Compression Garments And Stockings market are 3M, BSN Medical, Covidien Ltd. (a Medtronic Plc. company), Medi GmBH & Co KG, SIGVARIS, Therafirm, 2XU Pty. Ltd., Santemol Group Medikal, Leonisa, Inc., Nouvelle, Inc., Medical Z, Pressio, Hyperice, Marena Group, LLC, AIROS Medical, Therabody, SYM ITO, Hohenstein, Koya Medical, Mueller Sports Medicine, and CRX Compression. The major players are focusing on new product launches and mergers & acquisitions to expand their reach globally.

Note:

  1. Source: Coherent Market Insights, Public sources, Desk research
  2. We have leveraged AI tools to mine information and compile it