Unlocking the Future of the Compression Garments And Stockings Market: Growth Rate, Key Trends, and Opportunities for 2025-2034
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How has the compression garments and stockings market grown over the years?
In recent times, there has been significant growth in the compression garments and stockings market. The market size, which is projected to increase from $3.24 billion in 2024 to $3.44 billion in 2025, will register a compound annual growth rate (CAGR) of 6.1%. Factors contributing to this growth during the historical period include developments in medical technology, shifting age demographics, an increase in their usage in the sports and fitness industry, their integration into fashion and style, and the demand for medical and therapeutic purposes.
What Is the forecasted market size and growth rate for the compression garments and stockings market?
In the coming years, robust expansion is projected for the compression garments and stockings market, with an anticipated valuation of $4.29 billion in 2029, advancing at a CAGR of 5.7%. The predicted surge during the forecast period is primarily due to regulatory support and standardization, enhanced online retail presence, an inclination toward athleisure and comfort wear, integration of fashion and style, increased knowledge and education, and broadened medical applications. Key trends within this period include regulatory backing and standardization, the rise of athleisure and comfort attire, expansion of online retail and e-commerce, initiatives for awareness and education, and blending of fashion and style.
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What are the major factors driving growth in the compression garments and stockings market?
The growth of the compression garments and stockings market is anticipated to be fueled by the rising rates of obesity. Obesity is a health condition defined by an excessive and potentially harmful accumulation of body fat. Compression garments serve to provide relief from pain and discomfort for individuals who are overweight or obese as they endeavor to lose weight. These garments also promote better blood circulation, and minimize swelling and inflammation often seen in those with obesity. For example, in March 2023, the Switzerland-based non-profit global cardiovascular community, the World Heart Federation, reported that worldwide approximately 2.3 billion adults and children were overweight or obese. Given the current trend in obesity, it is projected that by 2025, the global population of obese individuals will escalate to 2.7 billion. Consequently, the escalation in obesity rates around the world is a driving force behind the growth of the compression garments and stockings market. The market for compression garments and stockings is also expected to witness growth due to the growing number of people being diagnosed with chronic diseases. Chronic diseases are long-term medical conditions that typically develop slowly and are long-lasting, often persisting throughout a person’s lifetime and typically not resolving themselves. Compression garments and stockings play an essential role in improving the quality of life for those affected by chronic diseases such as venous insufficiency, chronic venous diseases, lymphedema, and circulation issues related to diabetes. These garments exert external pressure to boost blood flow, minimize edema, and guard against blood pooling, all of which are significant for managing chronic illnesses and avoiding potential complications. For example, according to the World Health Organization, a specialized United Nations agency based in Switzerland, there were 41 million deaths in September 2022 due to non-communicable diseases (NCDs) or chronic diseases. This figure, constituting 74% of all deaths globally, included 17.9 million deaths from cardiovascular diseases, 9.3 million deaths from cancer, 4.1 million deaths from chronic respiratory diseases, and 2.0 million deaths from diabetes. Hence, the rising prevalence of chronic diseases contributes to the growth of the compression garments and stockings market.
What key areas define the segmentation of the global compression garments and stockings Market?
The compression garments and stockings market covered in this report is segmented –
1) By Product Type: Compression Garments, Compression Stockings
2) By Distribution Channel: Hospitals, Ambulatory Surgical Centers, Clinics, Online Sales, Other Healthcare Facilities
3) By Application Type: Varicose Veins, Wound Care, Burns, Oncology, Other Applications
Subsegments:
1) By Compression Garments: Compression Shirts, Compression Sleeves (Arm And Leg), Compression Shorts, Full-Body Compression Suits
2) By Compression Stockings: Knee-High Compression Stockings, Thigh-High Compression Stockings, Waist-High Compression Stockings, Anti-Embolism Stockings
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What are the top market players propelling the growth of the compression garments and stockings industry?
Major companies operating in the compression garments and stockings market report are 3M Company, BSN Medical Pvt. Ltd., Medi GmBH & Co. KG, SIGVARIS Group, Medical Z, Medtronic PLC, Paul Hartmann AG, Biocompression Systems, 2XU Pty Ltd., Smith & Nephew PLC, Lymphedivas, Narang Medical Limited, Sanyleg SRL, Santemol Group Medikal, Leonisa S.A., Creswell Sock Mills LLC, Spanx Inc., Julius Zorn GmbH, Comfort Plus Corporation, VIM & VIGR LLC, Tommie Copper Inc., Venosan, Tactile Medical, Design Veronique, Medico International Inc., Marena Group LLC, Therafirm LLC, Ann Chery Beauty Inc., Colfax Corp., Zensah Company
What are the key trends shaping the future of the compression garments and stockings market?
Prominent companies involved in the compression garments and stockings market are concentrating on launching medical-grade compression garments featuring cutting-edge aspects, such as FlexFit Comfort Ankle, to amplify their market revenue. FlexFit Comfort Ankle is a specialized foot design that includes sliding compression segments, promoting improved blood flow, lymphatic circulation, and flexibility of the ankle. For instance, The Marena Group, an American manufacturing business that offers medical-grade compression, unveiled a lipedema compression garment in July 2023, equipped with the novel FlexFit Comfort Ankle. This is crucial in ensuring comfort and managing discomfort during the healing process. The product was intentionally designed to assist those recovering from lipedema reduction procedures. Moreover, this novel lipedema garment also integrates Marena’s exclusive TriFlex Fabric, primarily valued for its post-liposuction recovery benefits. This fabric provides a multidirectional 3D stretch, moisture removal, and cooling effects, enhances body contouring, and maintains features that inhibit bacterial growth.
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What regions are dominating the compression garments and stockings market growth?
North America was the largest region in the compression garments and stockings market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the compression garments and stockings market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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