The Compression Garments and Stockings Market will grow at highest pace owing to rising sports injuries
The Compression Garments and Stockings Market will grow at highest pace owing to rising sports injuries
Blog Article
The compression garments and stockings market comprises products such as compression garments, compression hosiery, and compression socks. Compression garments provide several therapeutic benefits such as alleviating aches, pains, and swelling associated with varicose veins, lymphedema, sports injuries, and deep vein thrombosis. They work by gently squeezing the legs to improve blood circulation and prevent blood from pooling in the veins. The growing demand for therapeutic compression solutions for treating chronic medical conditions and injuries from physical activities is driving the market.
Compression Garments And Stockings Market is estimated to be valued at USD 3,162.5 Mn in 2025 and is expected to reach USD 4,479.7 Mn in 2032, exhibiting a compound annual growth rate (CAGR) of 5.1% from 2025 to 2032.
Key Takeaways
Key players operating in the compression garments and stockings market are 3M, BSN Medical, Covidien Ltd. (a Medtronic Plc. subsidiary), and Sigvaris. 3M held around 15% of the market share in 2021 owing to its strong brand presence and product portfolio.
The rising incidence of chronic venous diseases such as varicose veins and deep vein thrombosis is fueling Compression Garments and Stockings Market Demand. According to a report by the Society for Vascular Surgery, it is estimated that over 30 million Americans suffer from chronic venous diseases each year.
Technological advancements in fabric and material sciences have led to the development of newer generations of compression garments and stockings. For example, lightweight compression garments made of breathable fabric are gaining popularity among athletes and active consumers. Some products come integrated with technological features such as real-time monitoring using sensors.
Market Trends
increased preference for custom-fit garments - Growing awareness about benefits of properly fitted compression garments is driving demand for custom compression garments and stockings manufactured using 3D body scanning technology.
Rising popularity of compression wears for athletic performance enhancement - Increasing participation in sports and fitness activities has boosted demand for compression wears for injury prevention and performance enhancement.
Market Opportunities
Growing demand in Asia Pacific and Latin America: Emerging economies in Asia Pacific and Latin America are expected to drive high growth owing to rising medical expenditures, lifestyle diseases, and sports activities.
Increased adoption of digital technologies: Integration of digital technologies such as Bluetooth, sensors could open up opportunities for real-time monitoring and advanced data analytics using compression wears.
Impact of COVID-19 on Compression Garments and Stockings Market Growth
The COVID-19 pandemic severely impacted the compression garments and stockings market growth. During the initial lockdown phase, both manufacturing and supply chain operations were disrupted globally. This led to shortage of raw materials and finished products. With hospitals focusing majorly on COVID care, elective surgeries were postponed which decreased the demand for compression garments and stockings used post operation. Furthermore, people were hesitant to visit healthcare facilities for conditions like varicose veins, deep vein thrombosis, etc. owing to fear of coronavirus infection. This too negatively impacted the market. However, with rise in telehealth and virtual consultations, some demand was restored. The manufacturers also continued producing essential medical grade compression products used in COVID treatment. Now, with vaccination drives underway, the market is recovering gradually as restrictions are easing and elective procedures resuming. The companies are striving to fulfil backlog demands and expanding production capacities. In the post COVID era, the market is expected to grow at a steady pace supported by increasing incidence of lifestyle diseases, aging population, and growing medical tourism.
Region-wise, North America holds the major share of compression garments and stockings market in terms of value. This is attributed to rising obese and geriatric population suffering from conditions requiring compression therapy. Availability of favorable reimbursement policies and advanced healthcare infrastructure further support market growth in the region. Asia Pacific region is projected to be the fastest growing market during the forecast period. Factors such as improving access to healthcare facilities, increasing healthcare expenditure, rising standards of living, and growing medical tourism industry are fueling the compression garments and stockings demand in Asia Pacific countries. China, India, Japan, and South Korea dominate the Asia Pacific regional market.
Get More Insights On- Compression Garments and Stockings Market
Get this Report in Japanese Language: 圧縮衣類およびストッキング市場
Get this Report in Korean Language: 압박복 및 스타킹 시장
About Author:
Money Singh is a seasoned content writer with over four years of experience in the market research sector. Her expertise spans various industries, including food and beverages, biotechnology, chemical and materials, defense and aerospace, consumer goods, etc. (https://www.linkedin.com/in/money-singh-590844163)