COMPRESSION GARMENTS AND STOCKINGS MARKET ANALYSIS

Compression Garments And Stockings MarketSize and Trends

The global compression garments and stockings market is estimated to be valued at US$ 2,863.3 million in 2023 and is expected to exhibit a CAGR of 5.1% during the forecast period (2023-2030).

Figure 1. Global Compression Garments And Stockings Market Share (%), by Product Type, 2023

Global Compression Garments And Stockings Market – Driver

Launch of new products by key market players to expand product portfolio

To meet the needs for compression Garments And Stockings by conducting both prenatal and postnatal research, key market players are focused on launching new products to expand their product portfolio. For instance, in January 2023, Marena Group, LLC, a manufacturer of medical-grade compression garments, shapewear, and activewear, released its new female curves bodysuit for women with naturally curvy body types who are seeking body sculpting procedures, such as liposuction, to further enhance their curves.

 Global Compression Garments And Stockings Market: Key Trends

Road accidents and an increase in the older population may be factors in the market's expansion.

Elderly people who have arthritis as a result of other chronic conditions like heart disease, diabetes, and obesity are becoming more and more likely to wear compression clothing and stockings on a daily basis in order to improve their quality of life.

One of the leading causes of mortality and disability around the world is traffic accidents, followed by sports-related injuries. Accident situations are frequently accompanied by moderate or severe skeletal system injuries. Compression treatment devices are frequently utilized in these situations to help the healing process and hasten patient recovery.

Increase in Knowledge about the Health and also the increase in the injury are the major factors for market expansion

As people's knowledge of health and fitness rises, more and more individuals around the world are actively participating in sports and physical activities. The frequency of sports injuries and injuries resulting from other forms of physical activity has consequently increased as a result of this trend.

Global Compression Garments And Stockings Market Segmentation:

The global compression garments and stockings market report is segmented into by Product Type, by Application, and Region.

By Product Type, the market is segmented into compression garments and compression stockings. Out of which Compression garments is preferred because it is improving athletic performance and speed up muscle recovery. Wearing compression clothing can increase blood flow, lessen muscular weariness, and stop injuries. Demand for these products is driven by the increased use of sports compression garments among amateur and professional athletes. E-commerce has furthermore made it simpler for customers to buy compression apparel and stockings online, fueling industry expansion.

By Application, the market is segmented into Varicose Veins, Wound Care, Burns, and Oncology. Out of which, Varicose Veins is getting more importance in terms og Compression therapy, because Compression therapy is highly preferred by end users as the first line of therapy for the treatment and management of varicose veins, and over the projection period, varicose vein treatment segment of the market held the biggest market share worldwide.

By Distribution Channel, the market is segmented into hospitals, ambulatory surgical centers, clinics, online channels, and other healthcare facilities. Out of these, hospitals are expected to hold the largest share of the market as a result of the increased use of compression therapy and rising hospitalization rates.

Among all the segmentations, due to health-conscious consumers, patients with venous problems, greater use of physical activity in daily life, and beauty consciousness. Additionally, T-shirts and shorts have been replaced by the fashionable designs and cozy fabrics of compression clothing. Thus, these lifestyle changes have fueled the expansion of the global market. The growth of the compression stockings market as a whole depends on strategic partnerships. Given that the majority of compression stocking items on the market are made for female customers, the women's segment has a bigger value share than the men's segment. Women's compression stockings offer medical remedies for impaired blood flow in the leg, but they also have enticing patterns, colors, and designs that appeal to their target market. Women prefer compression stockings that reach the thigh the most. The main variables anticipated to affect the growth of the compression stockings Market are an increase in diabetes cases and the world's aging population. Compression stocking demand is also anticipated to increase as chronic diseases become more common.

Global Compression Garments And Stockings Market Cross Sectional Analysis:

The use of compression garments during and following exercise has become increasingly popular over the last three decades. Simply, compression garments provide mechanical pressure to the body, which may have physiological, biomechanical, performance, and perceptual benefits for individuals exercising. For instance, Sports Medicine Journal 2021, finding suggest potential improvements in arterial blood flow, however, it is doubtful that compression clothing will significantly alter metabolic reactions, blood pressure, heart rate, and cardiorespiratory measurements. Although the rating of felt intensity during exercise is probably unaffected, compression garments may enhance localized skin warmth and may lessen sensations of muscular soreness and pain after exercise. Compression clothing is unlikely to have a negative impact on the results of the exercise. The wearer's perception of compression garments should be evaluated in future studies, along with pressure ranges at various spots and the garment's material, individual reactions and different compression coverage areas.