Global Medical-Grade Compression Garments Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Medical-Grade Compression Garments Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Medical-Grade Compression Garments are tight-fitting, stretchy garments. Medical-Grade Compression Garments are post-operative treatment aids that can be used to treat lymphedema (swelling caused by the accumulation of lymph fluid in tissues) and improve blood flow.

Market Overview:

The latest research study on the global Medical-Grade Compression Garments market finds that the global Medical-Grade Compression Garments market reached a value of USD 2437.95 million in 2022. It’s expected that the market will achieve USD 3489.59 million by 2028, exhibiting a CAGR of 6.16% during the forecast period.

Market Drivers

According to Globocan 2020 data released by the International Agency for Research on Cancer (IARC) in 2020, it is estimated that there will be 19.3 million new cancer cases and 10 million cancer deaths globally in 2020. Due to population growth and aging, the number of cancer cases worldwide will continue to increase in the future. With the advancement of medicine, the treatment of cancer will continue to improve. The most common cause of lymphedema is lymph nodes that have been removed or damaged as part of cancer treatment. The vast majority of cancer survivors, including survivors of melanoma, prostate, ovarian, and breast cancer, are prone to lymphedema. As a result, the number of people suffering from lymphedema is increasing worldwide. For people with lipedema, lymphedema, or lipolymphedema, Medical-Grade Compression Garments are often used to help lymphatic circulation by increasing pressure in the tissues to facilitate the passage of lymph fluid through the body. Lymphedema can cause excess fluid to stay in the extremities, especially the legs. Medical-Grade Compression Garments, on the other hand, put pressure on the skin and veins to help them clear lymph and relieve congestion.

Overall, Medical-Grade Compression Garments can help reduce pain and heaviness in extremities due to illness by reducing fat and swelling throughout the extremities. Medical-Grade Compression Garments can also reduce the growth rate of fat cells and help prevent fat disorders from progressing to more severe stages. Therefore, as more and more people suffer from lipedema and lymphedema worldwide, the demand for Medical-Grade Compression Garments will continue to increase. This will be an important driving force for the development of the industry.

Region Overview:

Europe had the highest growth rate of all regions.

Company Overview:

SIGVARIS AG is one of the major players operating in the Medical-Grade Compression Garments market, holding a share of 15.30% in 2022.

SIGVARIS AG is a family-owned company based in Switzerland. SIGVARIS AG is committed to helping people feel their best through high-quality and innovative products in medical compression therapy. The product portfolio of SIGVARIS AG covers a wide range of different needs and indications.

Essity's HMS business provides the global TENA brand to nursing homes, hospitals and other healthcare professionals and is a global leader in the global healthcare market, focusing on compression therapy, wound care and orthopaedics. Essity combines its broad product portfolio in wound care and related vascular disease, lymphology and non-invasive orthopedics with strong technical capabilities to meet market demands for reduced complexity and more effective treatments. With a growing network of unique and comprehensive integrated treatment solutions

Segmentation Overview:

Among different product types, Under segment is anticipated to contribute the largest market share in 2028.

Application Overview:

By application, the Women segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Medical-Grade Compression Garments market covered in Chapter 3:

Medical Z
ContourMD
SIGVARIS AG
Bauerfeind AG
Fajas
Design Veronique
Tytex
Essity
Medico International Inc.
Nouvelle Inc
medi GmbH & Co. KG
Julius Zorn GmbH
LIPOELASTIC
Medtronic plc (Covidien)
Marena
Cardinal Health
Underworks
Leonisa

In Chapter 4 and Chapter 14.2, on the basis of types, the Medical-Grade Compression Garments market from 2018 to 2029 is primarily split into:

Facial Garments
Tops
Under
Full Body Garments

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Medical-Grade Compression Garments market from 2018 to 2029 covers:

Women
Men

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)