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.
Read: Garment Steamer Market - Global Outlook and Forecast 2020-2025
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.
Get your sample today!
- 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.
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.
Looking for more information? Click Here
About Arizton Advisory & Intelligence
Arizton Advisory and Intelligence is an innovation and quality-driven firm, which offers cutting-edge research solutions to clients across the world. We excel in providing comprehensive market intelligence reports and advisory and consulting services.
Arizton has gained a paramount standpoint in the market research arena as it offers top of the line solutions to clients to assess market landscape and to finalize fool proof business strategies. We are committed to provide inclusive market research reports and consulting services to clients from diversified industries including –Consumer Goods & Retail Technology, Automotive and Mobility, Smart Tech, Healthcare and Lifesciences, Industrial Machinery, Chemicals and Materials, IT and Media, Logistics and Packaging
Arizton comprises a team of exuberant and well-experienced analysts who have mastered in generating incisive reports. Our specialist analysts possess exemplary skills in market research. We train our team in advanced research practices, techniques, and ethics to outperform in fabricating impregnable research reports.
Arizton Advisory & Intelligence
Chicago, Illinois, 60605
Call: +1-312-235-2040/+1 302 469 0707
Mar 15, 2023
STOCK MUSIC MARKET EXPERIENCING MASSIVE DEMAND – HUGE MARKET TO INVEST IN!
The rising demand for improving video and movie experience creates large avenues for the stock music...
Jan 30, 2023
More than USD 200 Billion Opportunities Opening Up in the Flooring Market
Arizton estimates that there are more than 200 billion Opportunities in the flooring market. Growing...
Jan 18, 2023
Netherlands Used Construction Equipment-Compact Electric Used Construction Equipment Sales Booming
More than 22k Units of Used Construction Equipment to be Sold in Netherlands...