According to Future Market Insight, the global compression garments industry is likely to reach US$ 3,316.3 million by 2033, registering a CAGR of 5.2%. This is a substantial upsurge from its projected value of US$ 1,991.7 million in 2023.
The rising awareness of health and fitness has led to a surge in demand for compression garments. Consumers are now more conscious of the benefits of these garments in enhancing athletic performance, reducing muscle fatigue, and supporting their overall well-being.
The aging population has significantly impacted the compression garments market. Older adults often face circulation-related issues like varicose veins and edema. This makes compression garments a popular choice for managing these conditions and improving blood flow.
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Compression garments are extensively used in medical settings to treat conditions such as lymphedema and chronic venous insufficiency. The medical sector’s demand for these garments has contributed significantly to the market’s growth.
Compression garments play a crucial role in post-surgery recovery, aiding in reducing swelling and supporting healing. As surgical procedures continue to increase, the demand for post-surgery compression garments has also risen.
Athletes and fitness enthusiasts widely adopt compression garments due to their potential to improve athletic performance. The garments’ ability to reduce muscle soreness and increase oxygenation during physical activities has made them popular in the sports industry.
Advancements in fabric technology have made compression garments more comfortable and breathable. This has expanded their appeal to a broader range of consumers, including those who might have been deterred by discomfort in the past.
The growth of e-commerce has positively impacted the compression garments market. Online platforms have made it easier for manufacturers to reach a global audience and for consumers to purchase compression garments conveniently.
The expansion of the sports industry has driven the demand for compression garments among athletes and fitness enthusiasts. As sports continue to gain popularity, the market for specialized sports compression wear has also grown. Athletes use compression garments to prevent injuries and promote faster recovery after intense physical activities. This aspect has contributed to the market’s growth, particularly in sports-specific compression wear.
The popularity of compression garments for maternity wear has provided a new avenue for market growth. These garments offer support and comfort to pregnant women. This factor makes them a favorable choice for expectant mothers.
Key Takeaways from the Compression Garments Market:
- The compression garments industry in the United Kingdom is anticipated to rise sizably, exhibiting a CAGR of 5.1% through 2033, driven by increased awareness and adoption among athletes and fitness enthusiasts.
- The United States held a 39% share of the global compression garments industry in 2022, driven by the rising prevalence of sports-related injuries and the growing emphasis on physical fitness and wellness among the population.
- With a CAGR of 6.8% over the forecast period, India is predicted to develop rapidly in the compression garments industry, propelled by the country’s growing health consciousness and rising number of sports and fitness aficionados.
- In 2022, Japan had a 2.7% share of the compression garments industry globally, driven by the growing aging population and the rising demand for compression wear to support active lifestyles among senior citizens in the country.
- The compression garments industry in China is expected to flourish promptly, registering a CAGR of 6.3% over the forecast period, fueled by the increasing adoption of compression wear in sports and fitness activities among the health-conscious population.
- Germany accounted for 6.8% of the global compression garments industry in 2022, driven by the country’s robust healthcare infrastructure and the growing trend of using compression garments for post-operative care and injury rehabilitation.
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Competitive Landscape in the Compression Garments Market:
Leading market players are continually innovating and expanding their product lines to cater to various consumer needs. They invest in research and development to improve garment materials, design, and functionality. These players also focus on strategic partnerships and collaborations to enhance distribution networks and enter new markets. Additionally, leading market players engage in marketing campaigns to raise awareness about the benefits of compression garments, driving demand. This helps them maintain their competitive edge in the industry.
Recent Developments by Key Players:
- In January 2023, The Marena Group, a renowned global player in post-surgical compression garments and shapewear, introduced the Female Curves Bodysuit tailored for women with naturally curvy body types. It aims to complement body sculpting procedures like liposuction and provide additional enhancement to their curves.
- Therabody, Inc. made its foray into the garment market in February 2023 with the introduction of the world’s first compression wearable integrated with vibration technology. The brand is now advancing compression technology to benefit a diverse range of individuals, from professional athletes to those dealing with circulatory issues, edema, and pain. Incorporating a germanium-infused wearable sleeve, their RecoveryPulse seamlessly merges graduated compression and vibration therapy.
Key Companies Profiled:
- Proxima Healthcare
- 3M
- Bauerfeind
- Macom Enterprises
- Leonisa
- LIPOELASTIC
- Cosmac Healthcare
- Lohmann and Rauscher
- Wear Ease
- Peninsula BioMedical
- LympheDIVAs
- Juzo
- Medico International
- The Marena Group
- Essity
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Key Segments Covered In The Compression Garments Industry Analysis:
By Gender:
- Males
- Females
By Product Type:
- Abdomen & Torso
- Legs
- Joint Support
- Underwear
- Face, Arms & Shoulder
By Distribution Channel:
- Sales through Pharmacy & Offline Retail
- Sales through Healthcare Centers
- Sales through Online Retailers
By Compression Delivery:
- Elastic
- Pneumatic
By Application:
- Healthcare
- Sports
- Swimwear
By Region:
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East & Africa
Author By:
Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.
Identifying key challenges faced by clients and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in areas such as Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.
Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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