The worldwide compression garments and stockings market is poised to elevate its worth from US$ 2.8 billion in 2022 to a projected US$ 3.9 billion by 2029. With a steady compound annual growth rate (CAGR) of 4.9%, this sector represents a significant portion, contributing over 3.1% to the broader medical clothing market, which itself reached a value of approximately USD 86.0 billion in 2021.
Manufacturers of compression garments and stockings would maintain their strategic focus on advancements in fabric technology and innovation in fabric materials to provide patients with increased comfort and efficiency.
The increasing frequency of new product launches, which are centered around improved safety and comfort for patients, would continue to propel the number of products sold annually. Chiropractors and physiotherapists, prescribing compression garments and stockings for degenerative disorders are fueling the market growth.
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Key Takeaways – Compression Garments and Stockings Market Study
- The growing adoption of compression garments for orthopedic post-surgical pain management has contributed to the significant market share of the segment by product type.
- Hospitals remain as prominent distribution channels for compression garments and stockings for patients suffering from muscle pain, swelling, and bone-related injuries.
- Online sales of compression garments and stockings are gathering momentum owing to favorable discounts and free shipping offered by various platforms.
- Growing preference for compression garments and stockings among the geriatric population in Western Europe contributed to the significant dominance of the region in the compression garments and stockings market.
- An increasing number of sports injuries and wounds are expected to drive the compression garments and stockings market growth. Strict norms for the use of compression garments and stockings among armed forces personnel and athletes are anticipated to propel the market growth.
Rising Awareness Holds Key to Unlock New Markets
The key manufacturers in the global compression garments and stockings industry are keen to spread awareness about the benefits offered by compression garments and stockings. In May 2017, BSN Medical hosted panel discussions on chronic venous diseases and wound infection management at EWMA 2017. Medi GmbH & Co. KG spreads awareness through its alliance with the German Society for Arthroscopy and Joint Surgery, Eurocom, the German Association for Shoulder and Elbow Surgery, the German Knee Society, and other associations.
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More About Compression Garments and Stockings Market Study
Future Market Insights brings a comprehensive research report on forecasted revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the segments from 2015 to 2029. The global compression garments and stockings market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach to the reader.
The study provides compelling insights into the compression garments and stockings industry based on product type (compression garments, compression stockings), application (varicose vein, wound care, burns, oncology, other indications), and distribution channel (hospitals, ambulatory surgical centers, clinics, online sales, other healthcare facilities) across seven major regions.
Compression Garments and Stockings Market by Category Product :
- Compression Garments
- Upper Compression Garments
- Lower Compression Garments
- Compression Stockings
- Anti-Embolism Compression Stockings
- Gradient Compression Stockings
By Application :
- Varicose Veins
- Wound Care
- Burns
- Oncology
- Others
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By Distribution Channel :
- Hospitals
- Ambulatory Surgical Centers
- Clinics
- Online Sales
- Other Healthcare Facilities
By Region :
- North America
- Western Europe
- Eastern Europe
- APEX
- Japan
- Latin America
- Middle East and Africa
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