Compression Garments and Stockings Market

2019 Analysis and Review of Compression Garments and Stockings Market by Application - Varicose Vein, Wound Care, Burns, Oncology, and Other Indications for 2019 - 2029

  • 2020-01-20
  • REP-GB-3644
  • 31 Tables
  • 87 Figures
  • 154 pages
  • Format: PDF/PPT/Excel
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Sales of Compression Garments and Stockings to Grow 1.6X During 2019-2029

Expanding patient pool for chronic venous diseases has been translating into growing rate of orthopedic surgeries. Increasing demand from the sports industry to treat various injuries such as spinal straining, knee ligament injury, and bone fracture, among athletes and sports persons are again boosting the demand growth of compression garments and stockings. As governments all over the world are significantly increasing their healthcare expenditure, the worldwide adoption of compression garments and stockings is likely to surge 1.6X during 2019-2029. Growing at a healthy pace, the global compression garments and stockings market value will exceed US$ 3 Bn by 2024, as per FMI’s new study.

Frequently asked questions about global compression garments and stockings market

What are the new trends in compression garments and stockings market?

Nanotechnology-based garments, sportswear, and utility of nanofibers for enhanced physical and mechanical benefits are factors responsible for growing inclination towards compression garments and stockings among users.

Which region will lead the global sales for the compression garments and stockings market?

Western Europe accounted for the largest market share in terms of revenue in the compression garments and stockings market. Asia Pacific excluding Japan (APEJ) is anticipated to offer lucrative opportunities during the forecast period.

Which distribution channel is expected to contribute maximum revenue share during the forecast period?

Hospitals are expected to hold significant market share during the forecast period. Online sales accounted for the second most attractive segment owing to increase in number of patients who are attracted to promotional offers and ease of procurement.

What is the growth strategy of leading players in the compression garments and stockings market?

3M is the leading player in the compression garments and stockings market. The company is enhancing its product portfolio via acquisition of companies offering similar products. In October 2019, 3M acquired Acelity, Inc. and its subsidiary KCI to expand its wound healing segment.

How the compression garments and stockings market landscape is going to shape during the forecast period?

Rising number of chiropractors and physiotherapists prescribing the use of compression therapy for the ageing population is expected to contribute to the steady growth of the compression garments and stockings market. As the injuries related to sports are increasing year-on-year, this ultimately will increase the number of products sold to athletes.

Compression Garments to Lead with Over 90% Market Share

Accounting for over 90% share of market revenues, compression garments continue to attract greater investments as compared to compression stockings. By 2026, sales of compression garments will surpass the US$ 3 Bn mark, with significant application in orthopaedic post-surgical pain management. On the other hand, compression stockings are likely to see sluggish adoption rate due to risks associated with improperly worn stockings, which could further lead to uneven distribution and excessive pressure.

Developed Regional Markets Continue their Hegemony

The markets in Western Europe and North America continue to capture significant demand share throughout the forecast period, with the former expected to join the billion-dollar club by 2022. With patient-centric healthcare model as well as tech-driven transformations on the horizon, the war of innovation hegemony among prominent stakeholders is amplifying these developed regional markets, which continue to account for nearly 70% share of total revenues.  Market players are also tapping white spaces in the developed regional market of Asia Pacific excluding Japan (APEJ), owing to surging government investments in patient empowerment, and emerging healthcare technology trends.

Manufacturers Focusing on Nanotechnology-based Textiles

The military and sports sectors have been the center of innovation research in the textile industry, which have further accented for smart textiles. Nanotechnology, for instance, enhances the durability of the fabrics owing to a large surface area-to-volume ratio and high surface energy of nanoparticles. The nanoparticle technology offers immense growth potential for the textile industry, thus, manufacturers of compression garments and stockings must drive their attention towards tech-driven materials and processes.

Compression garments remain in-demand

Compression stockings to witness sluggish adoption

Surging application varicose vein

Steady adoption in oncology

Hospitals account for higher sales

Online sales to gain momentum

How Growth will Unfold

Adoption of compression garments and stockings in compression therapy market will remain prominent in treating varicose veins, where their usage will account for around US$ 2 Bn by 2029 end. In the wake of increasing incidents of varicose veins, especially in developed regions, market players are viewing this as a target application area. While application of compression garments and stockings in varicose veins continue to hold nearly half of total demand, they are likely to witness moderate adoption in other applications - oncology, wound care, and burns.

Compression Garments and Stockings Adoption Analysis, 2019 (E)

* This data is only a representation. Actual data may vary and will be available in report.

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Overview

Compression Garments and Stockings Market Analysis 2019-2029

A recent market study published by Future Market Insights (FMI) on the compression garments and stockings market includes global industry analysis for 2014-2018 & opportunity assessment for 2019-2029, and delivers a comprehensive assessment of the most important market dynamics. After conducting a thorough research on the historical as well as current growth parameters of the compression garments and stockings market, the growth prospects of the market are obtained with maximum precision.

Compression Garments and Stockings Market Taxonomy

The global compression garments and stockings market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach to the reader.

Product

  • Compression Garments
    • Upper Compression Garments
    • Lower Compression Garments
  • Compression Stockings
    • Anti-Embolism Compression Stockings
    • Gradient Compression Stockings

Application

  • Varicose Vein
  • Wound Care
  • Burns
  • Oncology
  • Other Indications

Distribution Channel

  • Hospitals
  • Ambulatory Surgical Centers
  • Clinics
  • Online Sales
  • Other Healthcare Facilities

Region

  • North America
  • Western Europe
  • Eastern Europe
  • APEJ
  • Japan
  • Latin America
  • MEA

What's Included

The report initiates with the executive summary of the compression garments and stockings market, which includes a summary of key findings and statistics of the market. It also includes the demand- & supply-side trends pertaining to the compression garments and stockings market.

Readers can find the definition and a detailed segmentation of the compression garments and stockings market in this chapter, which will help them understand the basic information about the compression garments and stockings market. Along with this, comprehensive information pertaining to compression garments and stockings market and their properties are provided in this section. This section also highlights the inclusions and exclusions, which helps the reader understand the scope of the compression garments and stockings market report.

This chapter explains the key macro-economic factors that are expected to influence the growth of the compression garments and stockings market over the forecast period. Along with the macroeconomic factors, this section also highlights the value chain, supply chain, forecast factors, Porter’s five forces analysis, and value chain analysis for the compression garments and stockings market. Moreover, in-depth information about the market dynamics and their impact analysis on the market have been provided in the successive section.

This section includes the factors that have emerged as key successful factors and the strategies adopted by key market participants. This section also features the market specific developments to guide the readers in the strategic decision making process.

This section explains the global market value analysis and forecast for the compression garments and stockings market during the forecast periods (2019-2029). This chapter includes a detailed analysis of the historical compression garments and stockings market, along with an opportunity analysis of the future. Readers can also find the absolute $ opportunity for the current year (2019), and an incremental $ opportunity for the forecast period (2019-2029).

Based on product type, the compression garments and stockings market is segmented into compression garments and compression stockings. In this chapter, readers can find information about the key trends and developments in the compression garments and stockings market and market attractiveness analysis based on product type.

This chapter provides details about the compression garments and stockings market based on the applications, and has been classified into varicose vein, wound care, burns, oncology and other indications. In this chapter, readers can understand the market attractiveness analysis based on application.

This chapter provides details about the compression garments and stockings market based on the distribution channel, and has been classified into hospitals, ambulatory surgical centers, clinics, online sales and other healthcare facilities. In this chapter, readers can understand the market attractiveness analysis based on distribution channel.

This chapter explains how the compression garments and stockings market will grow across various geographic regions such as North America, Western Europe, Eastern Europe, APEJ, Japan, Latin America and Middle East & Africa (MEA).

This chapter includes a detailed analysis of the growth of the North America compression garments and stockings market, along with a country-wise assessment that includes the U.S. and Canada. Readers can also find the pricing analysis, regional trends, and market growth based on treatment type and countries in North America.

Important growth prospects of the compression garments and stockings market based on its distribution channels in several countries such as Germany, France, U.K., Spain, Italy and the Rest of Western Europe are included in this chapter.

In this chapter, Russia, Poland and Rest of Eastern Europe are prominent countries in the Eastern Europe region that are the prime subjects of assessment to obtain the growth prospects of the Eastern Europe compression garments and stockings market. Readers can find detailed information about the growth parameters of the Eastern Europe compression garments and stockings market during the forecast period of 2019-2029.

This chapter highlights the growth of the compression garments and stockings market in APEJ by focusing on China, India, ASEAN, Australia & New Zealand and Rest of APEJ. This section also help readers understand the key factors that are responsible for the growth of the compression garments and stockings market in APEJ region.

This chapter highlights the growth of the compression garments and stockings market in Japan. This section also help readers understand the key factors that are responsible for the growth of the compression garments and stockings market in Japan.

This chapter provides the growth scenario of the compression garments and stockings market in Latin American countries such as Brazil, Mexico and the Rest of Latin America. Along with this, assessment of the market across target segments has been provided.

This chapter provides information about how the compression garments and stockings market will grow in major countries in the MEA region such as GCC Countries, South Africa, and the Rest of MEA, during the forecast period of 2019-2029.

In this chapter, readers can find a comprehensive list of all prominent stakeholders in the compression garments and stockings market, along with a detailed information about each company, which includes company overview, revenue shares, strategic overview, and recent company developments. Some of the market players featured in the report are 3M, BSN Medical, Medi GmbH & Co. KG, Sigvaris Group, Therafirm, 2XU Pvt Ltd., Nouvelle and others.

This chapter includes a list of acronyms and assumptions that provides a base to the information and statistics included in the compression garments and stockings market report.

This chapter help readers understand the research methodology followed to obtain various conclusions as well as important qualitative and quantitative information about the compression garments and stockings market.

How the research was conducted?

Primary Research

  • C - Level Executives
  • Marketing Directors
  • Product Managers 
  • Business Development Officers 
  • Production Managers
  • Procurement Heads
  • Sales Executives
  • Distributors
  • Traders 
  • Raw Material Suppliers
  • Industry Experts
  • End Users
  • Current Market Dynamics and Challenges
  • Yesteryear Trends 
  • Market Characteristics
  • Market Performance and Growth Quadrants
  • Competition Structure and Market Structure
  • Strategic Growth Initiatives
  • Near-term and Long-Term Market Growth Prospects
  • Market Segment Splits and Authenticity
  • Opinions on Market Projections and Validity of Assumptions

Secondary Research

  • Industry Publications
    • Journal of Strength and Conditioning
    • Journal of Wound Care
    • Journal of Sports Science & Medicine
  • Industry Associations
    • National Lymphedema Network
    • Symposium for Advanced Wound Care
    • Lipoedema Members Conference & Workshop 
    • British Lymphology Society
  • Factiva
  • Company Press Releases
  • Annual Reports and Investor Presentations
  • Research Papers
  • Government Websites and Publications
  • Trade Websites
  • Scientific Research Publications
  • International Conferences

Primary Interview Splits

Primary Interview Splits compression garments and stockings market designations

Primary Interview Splits compression garments and stockings market stakeholders

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