Global Compression Garments Market Set to Surge to USD 3,316.3 Million by 2033, Driven by Growing Health Consciousness, Says Future Market Insights

Compression Garments Market
Compression Garments Market

Future Market Insights, a renowned leader in market intelligence and consulting services, has unveiled its latest report forecasting an impressive growth trajectory for the global compression garments market. The analysis projects the market to reach a remarkable valuation of USD 3,316.3 million by 2033, reflecting a robust Compound Annual Growth Rate (CAGR) of 5.2% from its estimated value of USD 1,991.7 million in 2023.

This anticipated surge in market valuation highlights a significant expansion driven by the increasing awareness of health and fitness among consumers worldwide. As individuals place greater emphasis on physical well-being, the diverse benefits of compression garments—ranging from enhanced athletic performance and reduced muscle fatigue to overall health improvement—are gaining widespread recognition.

Gain Valuable Insights into the Rising Investments and Market Growth of Compression Garments Market Our Sample Report Now

“Consumers are recognizing the importance of compression garments not only in enhancing their athletic endeavors but also in promoting recovery and well-being,” stated Future Market Insights. “This growing awareness coupled with technological advancements in fabric design and manufacturing processes is propelling the market forward.”

Compression garments, including compression sleeves, socks, stockings, and other apparel, are witnessing heightened adoption across various demographics, including athletes, fitness enthusiasts, and individuals seeking post-surgery or injury recovery aid. The compression wear market’s expansion is further fueled by the integration of innovative materials and designs that offer enhanced comfort, durability, and performance benefits.

Future Market Insights’ comprehensive analysis provides insights into key market trends, growth drivers, challenges, and opportunities shaping the global compression garments landscape. The report serves as a valuable resource for industry stakeholders, investors, and decision-makers seeking to capitalize on emerging market dynamics.

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.

Transform Your Business Approach with the Intelligence a Full Report Overview

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

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
LinkedInTwitterBlogs | YouTube

About the Author

Nikhil Kaitwade

Associate Vice President at Future Market Insights, Inc. has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.
His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.
Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

Leave a Reply

Your email address will not be published. Required fields are marked *

You may also like these