The global compression garments and stockings market accounted for USD 2,765 Million in 2020 and is expected to reach USD 4,106 Million by 2028, growing at a CAGR of 5.07% from 2021 to 2028.
Market Overview
The global compression garments and stockings market accounted for USD 2,765 Million in 2020 and is expected to reach USD 4,106 Million by 2028, growing at a CAGR of 5.07% from 2021 to 2028.
Compression garments and stockings are clothing that fit around skin for offering support to people suffering from medical conditions such as poor blood circulation in legs. Compression garments and stockings are mainly used by people who have stand for long period of time which may cause disruptions in blood circulation. There is a wide range of compression garments and stockings based on their degree of tightness and type of disorders.
Compression garments and stockings have been primarily used for preventing of various medical blood disorders and halting growth of such disorders. Compression garments and stockings has been widely used for preventing deep vein thrombosis among individuals who stand for longer period of times. These are designed for increasing oxygen concentration in body parts with improper blood circulation. These can also be used by athletes speeding muscle recovery and increasing blood pressure.
COVID-19 Impact Analysis
During COVID-19 pandemic, there has been significant decrease in the number of individuals sufferings from venous diseases. Closure of restaurants, bars, pubs, and hotels has accelerated decrease in the number working as chefs and servants around the world. Such decrease in the number working professionals who have to stand for longer period of time has led to decrease in the number individuals suffering from irregular blood disorders. This trend has been hampering the demand for compression garments and stockings around the world. Further, lockdown restrictions imposed by governments across the globe has led to temporary or permanent closure of sport facilities and gymnasiums. Such a factor is expected to hamper the demand for compression garments and stockings. However, easing of restrictions and opening of malls and sport complexes should propel the compression garments and stockings market growth.
Growth Factors
Changing lifestyle and eating patterns among consumers in urban areas have accelerated prevalence of various blood circulation disorders such as varicose vein and deep vein thrombosis. Compression garments and stockings have been mainly used by working professionals for increasing blood flow in body parts with limited blood flow. Rise in the number of individuals suffering from such blood disorders is likely to stimulate the compression garments and stockings market growth.
Consumer awareness regarding prevention and treatment of various chronic diseases has been crucial for driving the demand for preventive healthcare measures taken by consumers. This rise in the consumer awareness has triggered the demand for preventive healthcare products, which is anticipated to drive the compression garments and stockings market growth. Further, rising consumer spending on health and wellbeing should also contribute to the growth of the compression garments and stockings market.
Report Scope:
Report Attribute | Details |
---|---|
Base Year | 2020 |
Historic Years | 2016 - 2020 |
Forecast Years | 2021 - 2028 |
Segments Covered | By Product Type, By Application, and By End Use |
Forecast Units | Value (USD Billion), and Volume (Units) |
Quantitative Units | Revenue in USD million/billion and CAGR from 2021 to 2028 |
Regions Covered | North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World |
Countries Covered | U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others |
Number of Companies Covered | 10 companies with scope for including additional 15 companies upon request |
Report Coverage | Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis. |
Customization Scope | Avail customized purchase options to meet your exact research needs. |
Product Type Segment Analysis Preview
Based on products, compression garments segment held the largest market share in the global compression garments and stockings market in 2020. Compression garments are utilized for treating injured blood vessels and preventing and stopping blood flow. Rising use of compression garments by athletes and patients for increasing blood flow and amount of oxygen in body organs owing to increasing preventing measures taken by consumers. This trend is anticipated to stimulate the demand for compression garments market worldwide.
Application Segment Analysis Preview
Based on different types of applications, the varicose veins segment is anticipated to register highest CAGR over the projected period of 2021-2028. There has been rising prevalence of varicose veins owing to growing old age population as risk of varicose veins rises with increasing age. Such rise in the number of individuals suffering from varicose veins has bolstered the demand for products utilized for prevention and treatment of such diseases. This trend is anticipated to fuel the demand for compression garments and stockings for treating varicose veins.
End User Segment Analysis Preview
In terms of end users, the hospitals segment held a majority share in the global compression garments and stockings market, contributing a market share of nearly 40% in 2020. Compression garments and stockings are utilized in healthcare facilities for avoiding swelling in leg and reducing progression of formation of blood clots among patients suffering from blood related diseases. Growing healthcare industry globally should bolster the demand for compression garments and stockings for treating DVT, burns, and injuries.
Regional Analysis Preview
North America region held a major share of nearly 32% in the global compression garments and stockings market in 2020. Changing dietary patterns and lack of physical activity has led to an increase in the number of individuals with overweight or obesity in United States and Canada, which has been driving the blood circulation disorders in the region This has been accelerating the number of individuals suffering from deep vein thrombosis or venous thromboembolism. Compression clothing is widely used in the region for treating venous thromboembolism, which should drive the North America compression garments and stockings market.
Asia Pacific region is expected to record the highest CAGR over the forecasted timeline. Rising urban population and hectic lifestyle in the region has led to soaring growth in the number of accidents and trauma and individuals suffering from irregular blood flow. Pertaining to rising consumer consciousness about preventive health and growing consumer spending on overall health, Asia Pacific market is expected to soar in the future.
Key Market Players & Competitive Landscape
Some of key players in compression garments and stockings market are BSN Medical, 2XU Pty. Ltd, 3M, Leonisa, Inc., Medical Z, Santemol Group Medical, medi GmbH & Co. KG, and Nouvelle, Inc.
The global Compression Garments and Stockings market is segmented as follows:
By Product Type
By Application
By End User Type
By Region
List of Figures
FIG NO. 1. Market Attractiveness Analysis, By Product Type
FIG NO. 2. Market Attractiveness Analysis, By Application
FIG NO. 3. Market Attractiveness Analysis, By End User
FIG NO. 4. Market Attractiveness Analysis, By Region
FIG NO. 5. Global Compression Garments and Stockings Market Revenue, 2016 – 2028 (USD Million)
FIG NO. 6. Impact of COVID-19 Pandemic in North America Countries
FIG NO. 7. Market Revenue Share, By Product Type, 2020 & 2028
FIG NO. 8. Global Compression Garments and Stockings Market for Compression Garments, Revenue (USD Million) 2016 – 2028
FIG NO. 9. Comparative Revenue Analysis of Compression Garments and Stockings Market for Compression Garments, By Country, 2020 & 2028
FIG NO. 10. Global Compression Garments and Stockings Market for Compression Stockings, Revenue (USD Million) 2016 – 2028
FIG NO. 11. Comparative Revenue Analysis of Compression Garments and Stockings Market for Compression Stockings, By Country, 2020 & 2028
FIG NO. 12. Market Revenue Share, By Application, 2020 & 2028
FIG NO. 13. Global Compression Garments and Stockings Market for Varicose Vein, Revenue (USD Million) 2016 – 2028
FIG NO. 14. Comparative Revenue Analysis of Compression Garments and Stockings Market for Varicose Vein, By Country, 2020 & 2028
FIG NO. 15. Global Compression Garments and Stockings Market for Wound Care, Revenue (USD Million) 2016 – 2028
FIG NO. 16. Comparative Revenue Analysis of Compression Garments and Stockings Market for Wound Care, By Country, 2020 & 2028
FIG NO. 17. Global Compression Garments and Stockings Market for Burns, Revenue (USD Million) 2016 – 2028
FIG NO. 18. Comparative Revenue Analysis of Compression Garments and Stockings Market for Burns, By Country, 2020 & 2028
FIG NO. 19. Global Compression Garments and Stockings Market for Oncology, Revenue (USD Million) 2016 – 2028
FIG NO. 20. Comparative Revenue Analysis of Compression Garments and Stockings Market for Oncology, By Country, 2020 & 2028
FIG NO. 21. Global Compression Garments and Stockings Market for Others, Revenue (USD Million) 2016 – 2028
FIG NO. 22. Comparative Revenue Analysis of Compression Garments and Stockings Market for Others, By Country, 2020 & 2028
FIG NO. 23. Market Revenue Share, By End User, 2020 & 2028
FIG NO. 24. Global Compression Garments and Stockings Market for Hospitals, Revenue (USD Million) 2016 – 2028
FIG NO. 25. Comparative Revenue Analysis of Compression Garments and Stockings Market for Hospitals, By Country, 2020 & 2028
FIG NO. 26. Global Compression Garments and Stockings Market for Clinics, Revenue (USD Million) 2016 – 2028
FIG NO. 27. Comparative Revenue Analysis of Compression Garments and Stockings Market for Clinics, By Country, 2020 & 2028
FIG NO. 28. Global Compression Garments and Stockings Market for Nail care, Revenue (USD Million) 2016 – 2028
FIG NO. 29. Comparative Revenue Analysis of Compression Garments and Stockings Market for Nail care, By Country, 2020 & 2028
FIG NO. 30. Global Compression Garments and Stockings Market for Make-Up, Revenue (USD Million) 2016 – 2028
FIG NO. 31. Comparative Revenue Analysis of Compression Garments and Stockings Market for Make-Up, By Country, 2020 & 2028
FIG NO. 32. Global Compression Garments and Stockings Market for Others, Revenue (USD Million) 2016 – 2028
FIG NO. 33. Comparative Revenue Analysis of Compression Garments and Stockings Market for Others, By Country, 2020 & 2028
FIG NO. 34. Global Compression Garments and Stockings Market Revenue Share, By Region, 2020 & 2028
FIG NO. 35. North America Compression Garments and Stockings Market Revenue, 2016 - 2028 (USD Million)
FIG NO. 36. Porter’s Five Forces Analysis for Global Compression Garments and Stockings Market
FIG NO. 37. PEST Analysis for Global Compression Garments and Stockings Market
FIG NO. 38. Pricing Analysis for Global Compression Garments and Stockings Market
FIG NO. 39. Value Chain Analysis for Global Compression Garments and Stockings Market
FIG NO. 40. Company Share Analysis, 2019
FIG NO. 41. Radar Determinant Chart, 2019
FIG NO. 42. Company Strategic Developments – Heat Map Analysis
FIG NO. 43. BSN Medical Business Segment Revenue Share, 2020 (%)
FIG NO. 45. BSN Medical Geographical Segment Revenue Share, 2020 (%)
FIG NO. 46. Market Channels
FIG NO. 47. Marketing Channel Development Trend
FIG NO. 48. Growth in World Gross Product, 2008-2018
FIG NO. 49. Research Methodology – Detailed View
FIG NO. 50. Research Methodology
List of Tables
TABLE NO. 1. Global Compression Garments and Stockings Market: Snapshot
TABLE NO. 2. Quarterly Compression Garments and Stockings Market Revenue by Region, 2020
TABLE NO. 3. Quarterly Compression Garments and Stockings Market Revenue Forecast by Region, 2021
TABLE NO. 4. Pre COVID-19 Market Revenue, By Region, 2016-2019 (USD Million)
TABLE NO. 5. Post COVID-19 Market Revenue, By Region, 2020-2028 (USD Million)
TABLE NO. 6. Global Compression Garments and Stockings Market for Compression Garments, by Region, 2016 – 2028 (USD Million)
TABLE NO. 7. Global Compression Garments and Stockings Market for Compression Stockings, by Region, 2016 – 2028 (USD Million)
TABLE NO. 8. Global Compression Garments and Stockings Market for Varicose Vein, by Region, 2016 – 2028 (USD Million)
TABLE NO. 9. Global Compression Garments and Stockings Market for Wound Care, by Region, 2016 – 2028 (USD Million)
TABLE NO. 10. Global Compression Garments and Stockings Market for Burns, by Region, 2016 – 2028 (USD Million)
TABLE NO. 11. Global Compression Garments and Stockings Market for Oncology, by Region, 2016 – 2028 (USD Million)
TABLE NO. 12. Global Compression Garments and Stockings Market for Others, by Region, 2016 – 2028 (USD Million)
TABLE NO. 13. Global Compression Garments and Stockings Market for Hospitals, by Region, 2016 – 2028 (USD Million)
TABLE NO. 14. Global Compression Garments and Stockings Market for Clinics, by Region, 2016 – 2028 (USD Million)
TABLE NO. 15. Global Compression Garments and Stockings Market for Ambulatory Surgical Centers (ASC’s), by Region, 2016 – 2028 (USD Million)
TABLE NO. 16. Global Compression Garments and Stockings Market for Make-Up, by Region, 2016 – 2028 (USD Million)
TABLE NO. 17. Global Compression Garments and Stockings Market for Others, by Region, 2016 – 2028 (USD Million)
TABLE NO. 18. Global Compression Garments and Stockings Market Revenue, By Region, 2016 – 2028 (USD Million)
TABLE NO. 19. North America Compression Garments and Stockings Market Revenue, By Country, 2016 – 2028 (USD Million)
TABLE NO. 20. North America Compression Garments and Stockings Market Revenue, By Product Type, 2016 – 2028 (USD Million)
TABLE NO. 21. North America Compression Garments and Stockings Market Revenue, By Application, 2016 – 2028 (USD Million)
TABLE NO. 22. North America Compression Garments and Stockings Market Revenue, By End User, 2016 – 2028 (USD Million)
TABLE NO. 23. U.S. Compression Garments and Stockings Market Revenue, By Product Type, 2016 – 2028 (USD Million)
TABLE NO. 24. U.S. Compression Garments and Stockings Market Revenue, By Application, 2016 – 2028 (USD Million)
TABLE NO. 25. U.S. Compression Garments and Stockings Market Revenue, By End User, 2016 – 2028 (USD Million)
TABLE NO. 26. Canada Compression Garments and Stockings Market Revenue, By Product Type, 2016 – 2028 (USD Million)
TABLE NO. 27. Canada Compression Garments and Stockings Market Revenue, By Application, 2016 – 2028 (USD Million)
TABLE NO. 28. Canada Compression Garments and Stockings Market Revenue, By End User, 2016 – 2028 (USD Million)
TABLE NO. 29. Mexico Compression Garments and Stockings Market Revenue, By Product Type, 2016 – 2028 (USD Million)
TABLE NO. 30. Mexico Compression Garments and Stockings Market Revenue, By Application, 2016 – 2028 (USD Million)
TABLE NO. 31. Mexico Compression Garments and Stockings Market Revenue, By End User, 2016 – 2028 (USD Million)
TABLE NO. 32. Drivers for the Compression Garments and Stockings Market: Impact Analysis
TABLE NO. 33. Restraints for the Compression Garments and Stockings Market: Impact Analysis
TABLE NO. 34. Major Buyers of Compression Garments and Stockings
TABLE NO. 35. Distributors/Traders List of Compression Garments and Stockings
TABLE NO. 36. Global Compression Garments and Stockings Market, Company Market Revenue, 2016 – 2019 (USD Million)
TABLE NO. 37. Global Compression Garments and Stockings Market, Company Y-o-Y Growth, 2017 – 2019 (USD Million)
This report is based on in-depth qualitative and quantitative analyses of the global Compression Garments and Stockings market. Zion Research has collected and analyzed key data belong to the global Compression Garments and Stockings market using a variety of methods. Quantitative analysis has been done following various projection and sampling techniques.
The qualitative analysis involved primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes were validated through experts' opinions. The market dynamics have been determined after conducting a detailed study of the micro and macroeconomic indicators of the market.
Various parameters have been taken into account, while estimating market size. The revenue generated by the leading industry participants in from the sales of Compression Garments and Stockings across the world has been calculated through primary and secondary research.
Zion Research employs the combination of secondary research followed by extensive primary research. Under secondary research, we refer to prominent paid as well as open access data sources including product literature, company annual reports, government publications, press releases, industry association’s magazines and other relevant sources for data collection. Other prominent secondary sources include STATISTA, trade journals, trade associations, statistical data from government websites, etc.
For this study, Zion Research has conducted all-encompassing primary research with key industry participants to collect first had data. Moreover, in-depth interviews with key opinion leaders also assisted in validation of findings from secondary research and to understand key trends in the Compression Garments and Stockings industry. Primary research makes up the major source of data collection and validation.
Primary Research
We conduct primary interviews with industry participants and commentators on an ongoing basis to validate data and analysis. A typical research interview fulfills the following functions:
Participants who typically participate in such a process include, but are not limited to:
Key opinion leaders specializing in different areas corresponding to different industry verticals
Secondary Research
Secondary research sources that are typically referred to include, but are not limited to:
News articles, press releases and webcasts specific to companies operating in the market
Following a comprehensive secondary and primary research and insights thus gathered, analysts at Zion Research have provided an in-depth analysis of various aspects of the Compression Garments and Stockings market.
Models
Where no hard data is available, we use models and estimates to produce comprehensive data sets. A rigorous methodology is adopted, wherein the available hard data is cross-referenced with the following data types to produce estimates:
Compression stockings are elastic hosiery garments applied to a lower limb to achieve graduated compression. They are used for management of venous hypertension, lymphedema, and venous ulcers to reduce edema and aid return of venous blood to the heart. Whereas compression garments are skintight apparels, which stimulate blood circulation and stabilize muscles by exerting pressure on specific parts of the body. Compression apparel helps to improve stamina & body balance and control the body temperature. Compression garments are available in various fits and sizes and often considered as the first line of treatment. Apart from this compression therapy is largely exploited by athletes with venous insufficiency. Exciting innovations are emerging in smart textiles and nanotechnology and the sector’s growth prospects are propelled by the fact that there has been an increase in demand for performance features in mainstream fashion.
Growing caseload for varicose vein treatments and orthopedic surgeries is observed as a key driver boosting the sales of compression garments & stockings. Meanwhile, advancements in fabric and garment designer are serving as a blessing in disguise for compression garment & stocking manufacturers. Moreover, rising sports injuries, increase in the number of orthopedic surgeries, and rapidly growing obese population witnessed in several parts of the world is boosting the global demand for compression therapy products. However manufacturing medical compression garments require strict guidelines to be followed. Manufacturers are prioritizing optimal therapeutic efficacy, product reliability, and best comfort while producing compression garments and stockings. Faulty products and poorly-designed garments & stockings can cause shearing, a potential problem if the patient has weak skin, a venous ulcer or some other wounds. This constraint limits the design space for potential conceptual ideas as patient safety continues to be the most crucial concern and constraint for manufacturers
Based on product type, compression garments and stockings market has been segmented into compression garments and compression stockings. Compression garments market is further sub-segmented into upper compression garments and lower compression garments. Compression stockings market is sub-segmented into anti-embolism stockings and gradient stockings. The compression garments segment is expected to grow at the fastest rate during the forecast period. Based on applications the compression garments and stockings market is segmented into varicose veins, wound care, burns, oncology, and others. In terms of revenue, varicose veins segment dominated the market in 2016. On the basis of end-user, the compression garments and stockings market is segmented into hospitals, ASC’s, clinics, online sales and other healthcare facilities. In terms of revenue, hospitals segment dominated the market in 2016.
North America is expected to remain the dominant region over the forecast period. Increasing healthcare expenditure is expected to boost the market in this region. An increasing geriatric population base and rise in sports injuries are contributing to the rise in demand for compression garments in Europe. Developing markets in the Asia Pacific is expected to witness increased patient affinity towards consumption of compression garments, which is likely to positively impact the compression garment products segment in the APAC market.
Some of the key players in compression garments and stockings market include 2XU Pty. Ltd, 3M, BSN Medical, Leonisa, Inc., Medical Z, medi GmbH & Co., KG, Nouvelle, Inc., Santemol Group Medical. Companies are involved in collaboration agreements for R&D to exploit maximum potential.
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The global Compression Garments and Stockings market was valued at USD 2,765 Million in 2020.
The global compression garments and stockings market is expected to reach USD 4,106 Million by 2028, growing at a CAGR of 5.07% from 2021 to 2028.
Changing lifestyle and eating patterns among consumers in urban areas have accelerated prevalence of various blood circulation disorders such as varicose vein and deep vein thrombosis. Compression garments and stockings have been mainly used by working professionals for increasing blood flow in body parts with limited blood flow. Rise in the number of individuals suffering from such blood disorders is likely to stimulate the compression garments and stockings market growth.
North America region held a major share of nearly 32% in the global compression garments and stockings market in 2020. Changing dietary patterns and lack of physical activity has led to an increase in the number of individuals with overweight or obesity in United States and Canada, which has been driving the blood circulation disorders in the region This has been accelerating the number of individuals suffering from deep vein thrombosis or venous thromboembolism. Compression clothing is widely used in the region for treating venous thromboembolism, which should drive the North America compression garments and stockings market.
Some of key players in compression garments and stockings market are BSN Medical, 2XU Pty. Ltd, 3M, Leonisa, Inc., Medical Z, Santemol Group Medical, medi GmbH & Co. KG, and Nouvelle, Inc.
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