The rising aging population is another key factor driving the growth of the global compression garments market.
According to the latest Arizton's market research report, the global compression garments market to be valued at approximately USD 4 billion by 2025, growing at a CAGR of around 5% during the forecast period.
Global Compression Garments Market Growth
Cosmetic surgeries are gaining traction in almost all developed and emerging countries, and it is likely to witness proportional growth in demand in the global compression garments market. The introduction of innovative and differentiated products and enriching functionalities with the help of fabric and manufacturing technologies further fueling the global compression garments market growth. The growing market for fitness clubs and the rising number of members will drive the growth of the global compression garments market. The growth can be attributed to the increasing use in body shaping and body contouring applications.
Adoption in Wound Healing & Therapeutic Care
Compression garments find adoption in wound care, post-op, and therapeutic applications, driven by the speedy recovery of wounds and several ailments such as varicose veins, diabetic ulcers, edema, and lymphoedema, among others. The rising aging population is another key factor driving the growth of the global compression garments market. The increasing number of surgical procedures globally drive the demand for both elastic and pneumatic compression garments and is likely to continue over the forecast period.
Key Offerings:
- Market Size & Forecast by Revenue | 2019−2025
- Market Dynamics – Leading trends, growth drivers, restraints, and investment opportunities
- Segmentation – A detailed analysis by gender, type, distribution channel, application, compression delivery, and geography
- Competitive Landscape – 50 Key Company profiles are profiled in the report
Global Compression Garments Market – Geographic Analysis
Europe is the largest region for compression garments and will lead the market during the forecast period, with rising demand from Germany, Italy, France, UK, and Spain. Compression garments for legs, abdomen, and torso are expected to add cumulative incremental revenue of around USD 153 to the global compression garments market. Heavy discounts on retail products characterize the retail sales channel in Western Europe. Moreover, end-users in this region are known to have a higher annual saving ratio. This factor drives the demand for compression garments as effective modes of preventive and curative methods to help wearers manage diabetes and obesity-related ailments such as ulcers, non-healing wounds, ailments such as lymphedema, and in sports, general wellbeing, and body shaping application.
Competition Overview
The global compression garments market is witnessing consolidation, wherein several vendors are focusing on the acquisition of domestic brands to strengthen their product portfolio. Local players in some regions are catering to the demands of consumers by launching products based on the brand name and demography of the region, for instance, Essity acquired BSN Medical, which had JOBST compression garments in its portfolio. The distribution channels for compression garments also have special demarcation on basis of applications. The healthcare and sports application compression garments have pharmacy and offline retail as their primary sales medium. Slim wear and healthcare garments are finding slimming centers, plastic surgery clinics, and online shops as their primary sales channels.
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