Industry Outlook

Compression garments apply pressure on the veins, which in turn enhance the blood flow and increase rate of oxygen delivery to the muscles. Compression wear postoperatives and sports garments are so designed to prevent the common problems associated with surgeries and exercise. Factors such as increasing preference to exercise and sports, health and wellbeing, growing rates of asthetic procedures such as liposuction, diabetes and recurrent wound trauma are driving the market for compression garments. The design and compression properties of these garments not just help in boosting performance during exercise, but also assist in delaying fatigue, reducing swelling, avoid muscle tear and injuries, and help attain the desired shape of body after surgery. Due to its consistently growing application after plastic and cosmetic surgeries, women’s compression garments are in more demand than men’s products. The global demand for compression garments for extremities is high, but the uptake for tops and bottoms is also set to remain steady during the forecast period.

In the developing economies, the demand for compression garments is mainly fueled by the growing cases of diabetes, lymphedema, sedentary lifestyle and related ailments. Realizing the inherent growth opportunities, international sports gear manufacturing brands have also introduced their compression wear in the developed and emerging markets alike. However, in emerging countries, use of compression is not as popular as in the developed countries and their use is mainly concentrated in the metropolitan areas.

"Lower and Upper Extremities Garments to Generate Largest Revenue Share"

Compression garments for extremities form the largest segment in the global market. Higher prevalence of conditions such as lymphedema has always urged sustained demand for compression garments for extremities. Garments such as gauntlets, stockings, pantyhose and sleeves are available in several variations, sizes and compression classes therefore suiting every requirement area. Some other conditions where compression garments are preferred treatment are lipodermatosclerosis, stasis dermatitis (venous eczema), varicose veins (except spider veins), venous edema and venous ulcers (stasis ulcers). Furthermore, rising demand for sleeves and stockings in sports and fitness activities is also augmenting their position in the developed markets. On the other hand, products such as tops, bottoms and facial garments is anticipated to be above the global benchmark during the forecast period. Growing procedure rate of cosmetic procedures such as liposuction and age correction surgeries are driving the demand for these products in the global markets.

"Demand to Increase in Exercise and Sports Activities"

Globally, there has been a significant rise in demand for sports apparels, equipment and accessories. More and more individuals worldwide are engaged in performance and professional sports. Growing incidence of obesity and chronic diseases has also urged the general population to switch from sedentary lifestyle to gym and exercise activities. This consequently has led to growing demand for compression garments in the field of sports. Studies have suggested that the use of compression garments have relatively few ergogenic effects during exercise. The common physical and physiologic effects on users are attenuation of muscle oscillation, better joint awareness, augmented perfusion and higher oxygen use, etc.

"Asia Pacific Estimated to be the Fastest Progressing Regional Market"

North America is anticipated to remain the largest regional market for compression garments during the forecast period. Growing incidence of sports injuries in the young population, obesity, and diabetes are predicted to augment the demand for compression garments in the coming years.  Furthermore, similar factors along with growing incidence of conditions such as varicose veins and lymphedema will be driving the Europe compression garments market. It is expected that Asia Pacific market for compression garments will grow at the fastest rate during the forecast period. Countries such as China, India, Australia and Japan will be the largest consumers of compression garments. Surging geriatric population, sports activitis and burgeoning medical tourism for cosmetic and asthetic surgeries in Asia Pacific will the major drivers of this region.

The major companies profiled in this report include McKesson Medical-Surgical Top Holdings, Inc., BSN Medical, Medi GmbH & Co., SIGVARIS Management AG, Julius Zorn, Inc., Medico International, Inc. Spanx., Inc., Bio Compression Systems, Inc., Gottfried Medical, Inc., and Spectrum Healthcare, Inc.

Historical & Forecast Period

This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.

The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.

Research Methodology

The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Compression Garments market are as follows:

• Research and development budgets of manufacturers and government spending
• Revenues of key companies in the market segment
• Number of end users and consumption volume, price and value.
• Geographical revenues generate by countries considered in the report
• Micro and macro environment factors that are currently influencing the Compression Garments market and their expected impact during the forecast period.

Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.

Key questions answered in this report

• What are the key micro and macro environmental factors that are impacting the growth of Compression Garments market?
• What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
• Estimated forecast and market projections up to 2032.
• Which segment accounts for the fastest CAGR during the forecast period?
• Which market segment holds a larger market share and why?
• Are low and middle-income economies investing in the Compression Garments market?
• Which is the largest regional market for Compression Garments market?
• What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
• Which are the key trends driving Compression Garments market growth?
• Who are the key competitors and what are their key strategies to enhance their market presence in the Compression Garments market worldwide?