Compression Garments & Stockings Market by Product (Compression Garments, Compression Stockings), Distribution Channel (Offline, Online), Application - Global Forecast 2024-2030

Compression Garments & Stockings Market by Product (Compression Garments, Compression Stockings), Distribution Channel (Offline, Online), Application - Global Forecast 2024-2030

The Compression Garments & Stockings Market size was estimated at USD 3.27 billion in 2023 and expected to reach USD 3.44 billion in 2024, at a CAGR 5.18% to reach USD 4.66 billion by 2030.

Compression garments and stockings are specialized hosiery products that apply consistent pressure on the wearer's limbs or body, promoting blood flow and reducing inflammation. These garments and stockings are used to alleviate discomfort resulting from swelling, varicose veins, muscle fatigue, and other circulatory issues. The growing concerns regarding chronic diseases in aging populations and significant investments in the healthcare sector enhance the demand for compression garments and stockings. Similarly, the rising cases of varicose veins and lymphedema boost the need for compression garments and stockings. In addition, there is a surge in eCommerce platforms offering access to a broader range of product options at competitive prices. However, despite its potential growth factors, certain challenges impact compression garments and stocking production. Lack of standardized sizing guidelines across manufacturers potentially leads to improper fit, impacting product efficacy, significantly causing underutilization in clinical settings, and further creating health issues such as skin irritation due to tight nature/material composition, resulting in non-compliance with treatment regimens. Moreover, the expanding use of specialized compression stockings, sleeves, and gloves, alongside the cases of injuries during sports and recreational activities, creates the need for compression therapy, which significantly improves the future demand for compression garments and stockings.

Regional Insights

The Americas compression garments and stockings market includes the United States and Canada regions, where advanced healthcare infrastructure, high adoption of preventive care measures, and substantial investments in research & development contribute to market expansion. In Europe, EU countries play a vital role in driving market growth due to the rising demand from elderly individuals and those suffering from chronic venous insufficiency (CVI) or deep vein thrombosis (DVT). The Middle East & Africa region is experiencing increased demand for compression garments due to the growing prevalence of diabetes-related complications such as lower limb edema and venous ulcers. International organizations such as WHO contribute to promoting public awareness of disease prevention through campaigns that include using compression therapy products. Moreover, the Asia-Pacific region features notable regions such as China, Japan, and India, where expanding geriatric populations, rising disposable income levels, and a shift towards preventive healthcare fuel market growth. Government policies in China encourage innovation in the medical device industry, leading to advancements such as smart compression garments enabled by wearable technology. Global investments in innovative technologies and research initiatives promise further market expansion by providing advanced solutions tailored to address diverse consumer needs across various regions.

Market Insights

Market Dynamics

The market dynamics represent an ever-changing landscape of the Compression Garments & Stockings Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.

Market Drivers

Growing prevalence of chronic diseases and rise in healthcare spending
Increasing incidences of varicose veins and lymphedema
Rise in online shopping influencing the compression garments and stockings

Market Restraints

Lack of standardization during manufacturing process

Market Opportunities

Expanding use of specialized compression stockings, sleeves and gloves
Rising sports injuries and preference for compression therapy

Market Challenges

Health issues associated with the product use

Market Segmentation Analysis

Product: Ongoing introduction of diverse compression garments and stockings subcategories to meet the health and personal care
Application: Extensive uses of compression garments and stockings fabrics in the field of compression therapies
Distribution Channel: Growing preference for online channel due to quick access and exclusive offers

Market Disruption Analysis

Porter’s Five Forces Analysis
Value Chain & Critical Path Analysis
Pricing Analysis
Technology Analysis
Patent Analysis
Trade Analysis
Regulatory Framework Analysis

FPNV Positioning Matrix

The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Compression Garments & Stockings Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Compression Garments & Stockings Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Recent Developments

Nufabrx Joins Forces with Enventys Partners to Transform Healthcare, HealthWear

Nufabrx and Enventys Partners have joined forces to introduce HealthWear, a patented smart-textile platform, into the market. This collaboration between Nufabrx and Enventys Partners allows for the rapid creation and launching of products featuring HealthWear technology in stores worldwide.

England Athletics Launch Partnership with Pressio

Compression Garments & Stockings England Athletics announced a partnership with Pressio as the Official Compression Clothing Partner. This partnership emphasizes the importance of Pressio's mission, which is to redefine performance wear through the use of advanced sports fabric technologies.

Marena Launches Post-Surgical Compression Garment Uniquely Designed for the Naturally Curvy Body Type

The Marena Group, a renowned global player in designing and manufacturing post-surgical compression garments and shapewear, has introduced the Female Curves Bodysuit. The Female Curves Bodysuit is ingeniously engineered to provide optimal recovery support after aesthetic body sculpting procedures.

Strategy Analysis & Recommendation

The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Compression Garments & Stockings Market. This critical assessment involves a thorough analysis of the organization’s resources, capabilities, and overall performance to identify its core strengths and areas for improvement.

Key Company Profiles

The report delves into recent significant developments in the Compression Garments & Stockings Market, highlighting leading vendors and their innovative profiles. These include 3M Company, AMERX Health Care Corp. by Procyon Corporation, Bio Compression Systems, Inc., Bodyment, Calze G.T. S.r.l., Cardinal Health, Inc., ContourMD, Dermawear by CPS Shapers Limited, DirectDermaCare, Essity AB, FeelWell, Julius Zorn GmbH, Kinex Medical Company, LLC, Lipoelastic, Lohmann & Rauscher GmbH & Co. KG, LYCRA Company, Lymphedema Products, LLC, MACOM Enterprises Ltd., medi GmbH & Co. KG, Nouvelle Inc., Paul Hartmann AG, Rainey Recovery Wear, Rehan International Co., Ltd., Sanyleg SRL, SIGVARIS Group, The Marena Group, LLC, Tommie Copper, Inc., and Wear Ease.

Market Segmentation & Coverage

This research report categorizes the Compression Garments & Stockings Market to forecast the revenues and analyze trends in each of the following sub-markets:

Product
Compression Garments
Lower Compression Garments
Upper Compression Garments
Compression Stockings
Anti-Embolism Compression Stockings
Gradient Compression Stockings
Distribution Channel
Offline
Drug Stores
Specialty Retail Stores
Online
Application
Healthcare
Sports & Swimwear
Region
Americas
Argentina
Brazil
Canada
Mexico
United States
California
Florida
Illinois
New York
Ohio
Pennsylvania
Texas
Asia-Pacific
Australia
China
India
Indonesia
Japan
Malaysia
Philippines
Singapore
South Korea
Taiwan
Thailand
Vietnam
Europe, Middle East & Africa
Denmark
Egypt
Finland
France
Germany
Israel
Italy
Netherlands
Nigeria
Norway
Poland
Qatar
Russia
Saudi Arabia
South Africa
Spain
Sweden
Switzerland
Turkey
United Arab Emirates
United Kingdom

Please Note: PDF & Excel + Online Access - 1 Year