SEATTLE, August 02, 2021, (MEDGADGET) — Global Compression Garments and Stockings market analysis

Overview

Compression garments are form-fitting, elastic garments that apply graduated pressure to specific parts of the body in order to ensure constant blood supply across the veins by enhancing venous return and decreasing peripheral swelling. They’re made to help you regain and maintain proper fluid circulation.

The global compression garments and stockings market is forecast to surpass US$ 3,541.1 million by the end of 2027, from a valuation of US$ 2,346.7 million in 2019.

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Drivers

During the forecast period, the global compression garments and stockings market is expected to rise due to the rising prevalence of varicose veins. As per the American Vein and Lymphatic Society, more than 40 million individuals in the United States suffer from varicose veins in 2019.

Furthermore, an increase in the number of orthopedic surgeries is projected to help the demand expand. As per the American Academy of Orthopedic Surgeons, primary overall joint replacement will increase by 171 percent by 2030, and primary total knee replacement will increase by up to 189 percent, resulting in 635,000 and 1.28 million operations in the United States, respectively.

In 2018, the European region dominated the global compression apparel and stockings market, accounting for 46.9% of the market’s size, led by North America.

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Restraints

Medical compression clothing manufacturers must adhere to strict standards when creating their products. Optimal clinical effectiveness, quality efficiency, and maximum comfort are the three key goals that must be met. The garment may cause shearing in a patient with thin skin, a venous ulcer, or other wounds. As a result, the planning space for potential conceptual solutions is restricted, as patient protection is a top priority.

Complications resulting from excessive compression stocking use can also stifle growth of the global compression garments and stockings market. While compression stockings tend to be easy to use, improperly worn stockings can cause serious problems such as fragile and frail skin, breaking of skin, especially in malnourished, elderly people.

Opportunities

Compression garments face a significant challenge in ensuring the accuracy and repeatability of applied pressure during their application. This is due to the fact that most compression garments have minimal size options. To improve the effectiveness of compression garments, key players in the market should concentrate on incorporating sensors into them.

Non-pneumatic anti-shock compression garments can also be developed as an important intervention for intradialytic hypotension, according to leading companies.

The compression garments segment of the global compression garments and stockings market was worth US$ 2,178.3 million in 2018, and is projected to grow at a CAGR of 5.1 percent to US$ 3,456.7 million by 2027.

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Market Trends

Patients of lymphedema, an incurable condition, are increasingly wearing specialised compression stockings, sleeves, and gloves. Compression stockings can help you avoid problems including tissue injury, swelling, and infection.

Due to the high cost of compression stockings, there is a growing need for these goods to be covered by insurers. The cost of clothing varies greatly. A standard-fit arm sleeve costs US$ 81, while a custom-made equivalent costs US$ 202, according to the Lymphedema Advocacy Group, a patient volunteer organisation pursuing a federal mandate for health coverage. For patients who need custom garments, the overall cost of these garments will exceed US$ 960. Furthermore, compression fabrics must be replaced after two to four years, increasing healthcare costs even more.

Competitive Landscape

Key companies contributing in the global compression garments and stockings market are Medi GmBH & Co KG, Therafirm, Santemol Group Medikal, 3M, Medical Z, BSN Medical, Covidien Ltd., Nouvelle, Inc., Leonisa, Inc., 2XU Pty. Ltd., and SIGVARIS.

Key Developments

To increase their market share, major players in the market are focusing on cooperation and alliance strategies. DJO Global, a manufacturer of compression fabrics, therapeutic shoes, and boots, partnered with SirenMD in November 2018, becoming the company’s sole distribution agent for the sports team market.

Professional Products, Inc. will have the global freedom to use Parasol’s MicrobeCare antimicrobial technologies in the orthopaedic and pet bracing industries, according to an arrangement reached in October 2018 by Parasol Medical, a manufacturer of compression apparel used for pain relief and physical therapy.

Table of Contents

1. Research Objective and Assumption
   • Research Objectives
   • Assumptions
   • Abbreviations
2. Market Purview
   • Report Description
     • Market Definition and Scope
   • Executive Summary
     • Market Snippet, By Product Type
     • Market Snippet, By Application
     • Market Snippet, By Distribution Channel
   • Coherent Opportunity Map (COM)
3. Market Dynamics, Regulations, and Trends Analysis
   • Market Dynamics
     • Drivers
     • Restraints
     • Market Opportunities
   • Impact Analysis
   • Key Developments
   • Technological Advancement
   • Regulatory Scenario
4. Global Compression Garments and Stockings Market, By Product Type, 2019 – 2027 (US$ Mn)
   • Introduction
     • Market Share Analysis, 2019 and 2027 (%)
     • Y-o-Y Growth Analysis, 2017–2027
     • Segment Trends
   • Compression Garments
     • Introduction
     • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
     • Segment Trends
       • Upper Compression Garments
       • Lower Compression Garments
   • Compression Stockings
     • Introduction
     • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
     • Segment Trends
       • Anti-Embolism Compression Stockings
       • Gradient Compression Stockings
5. Global Compression Garments and Stockings Market, By Application, 2019 – 2027 (US$ Mn)
   • Introduction
     • Market Share Analysis, 2019 and 2027 (%)
     • Y-o-Y Growth Analysis, 2017–2027
     • Segment Trends
   • Varicose Veins
     • Introduction
     • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
   • Wound Care
     • Introduction
     • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
   • Burns
     • Introduction
     • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
   • Oncology
     • Introduction
     • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
   • Others
     • Introduction
     • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
6. Global Compression Garments and Stockings Market, By Distribution Channel, 2019 – 2027 (US$ Mn)
   • Introduction
     • Market Share Analysis, 2019 and 2027 (%)
     • Y-o-Y Growth Analysis, 2017–2027
     • Segment Trends
   • Hospitals
     • Introduction
     • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
   • Ambulatory Surgical Centers
     • Introduction
     • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
   • Clinics
     • Introduction
     • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
   • Online Channels
     • Introduction
     • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
   • Other Healthcare Facilities
     • Introduction
     • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
7. Global Compression Garments and Stockings Market, By Regions, 2019 – 2027 (US$ Mn)
   • Introduction
     • Market Share Analysis, 2019 and 2027 (%)
     • Y-o-Y Growth Analysis, 2017–2027
     • Segment Trends
   • North America
     • Introduction
     • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
       • U.S.
       • Canada
   • Europe
     • Introduction
     • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
       • U.K.
       • Germany
       • Italy
       • France
       • Spain
       • Russia
       • Rest of Europe
   • Asia Pacific
     • Introduction
     • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
       • China
       • India
       • Japan
       • ASEAN
       • Australia
       • South Korea
       • Rest of Asia Pacific
   • Latin America
     • Introduction
     • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
       • Brazil
       • Mexico
       • Argentina
       • Rest of Latin America
   • Middle East
     • Introduction
     • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
       • GCC
       • Israel
       • Rest of Middle East
   • Africa
     • Introduction
     • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
       • North Africa
       • Central Africa
       • South Africa
8. Competitive Landscape
   • Company Profiles
9. Section
   • References
   • Research Methodology
   • About us and Sales Contact

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