Future Market Insight’s latest analysis predicts a significant upsurge in the global compression garments market, projecting it to reach a valuation of US$ 3,316.3 million by 2033, with a remarkable Compound Annual Growth Rate (CAGR) of 5.2%. This forecast marks a substantial increase from its estimated value of US$ 1,991.7 million in 2023.
The burgeoning demand for compression garments is attributed to the escalating awareness of health and fitness among consumers. Recognizing the manifold benefits of these garments in augmenting athletic performance, alleviating muscle fatigue, and bolstering overall well-being, individuals are increasingly turning to compression wear.
Sample Report Copy: https://www.futuremarketinsights.com/reports/sample/rep-gb-2184
A notable factor driving market growth is the aging population, which grapples with circulation-related issues like varicose veins and edema. Consequently, compression garments have emerged as a favored solution for managing such conditions and enhancing blood circulation among older adults.
Moreover, the medical sector’s reliance on compression garments for treating ailments like lymphedema and chronic venous insufficiency has significantly fueled market expansion. Additionally, these garments play a pivotal role in facilitating post-surgery recovery by mitigating swelling and supporting healing processes.
The allure of compression garments extends beyond the medical realm to the sports industry, where athletes and fitness enthusiasts leverage their potential to enhance performance. With attributes like reducing muscle soreness and enhancing oxygenation during physical exertion, compression wear has become indispensable for athletes seeking optimal performance and swift recovery.
Technological advancements in fabric design have further bolstered the market by enhancing the comfort and breathability of compression garments. Consequently, a wider demographic, including those previously deterred by discomfort, now embraces compression wear.
The proliferation of e-commerce platforms has also contributed to market growth, facilitating global reach for manufacturers and seamless accessibility for consumers.
Moreover, the sports industry’s expansion has spurred demand for specialized sports compression wear, catering to athletes’ specific needs for injury prevention and rapid recovery.
Furthermore, the burgeoning popularity of compression garments for maternity wear has opened new avenues for market expansion, providing expectant mothers with support and comfort during pregnancy.
The future of the compression garments market looks promising, propelled by factors such as increasing health consciousness, technological innovations, and expanding application areas across various sectors.
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.
Our Methodology Insights Now: https://www.futuremarketinsights.com/request-report-methodology/rep-gb-2184
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
Purchase Now to Access: https://www.futuremarketinsights.com/checkout/2184
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
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 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube
