The global compression garments and stockings market is set for substantial growth, expanding at a compound annual growth rate (CAGR) of 4.9%. The market, valued at USD 2.8 billion in 2022, is expected to reach approximately USD 3.9 billion by 2029.
This growth is primarily driven by the increasing prevalence of venous disorders, rising awareness of the benefits of compression therapy, and the growing geriatric population. Compression garments and stockings are widely recognized for their role in enhancing circulation, reducing swelling, and providing support for various medical conditions, including deep vein thrombosis and varicose veins.
This promising growth reflects an increasing demand for compression garments and stockings, driven by rising awareness of their health benefits and advancements in textile technology. These garments are widely recognized for their effectiveness in managing conditions such as varicose veins, deep vein thrombosis, and other circulatory issues.
Key Takeaways – Compression Garments and Stockings Market Study
- The growing adoption of compression garments for orthopedic post-surgical pain management has contributed to the significant market share of the segment by product type.
- Hospitals remain as prominent distribution channels for compression garments and stockings for patients suffering from muscle pain, swelling and bone-related injuries.
- Online sales of compression garments and stocking are gathering momentum owing to favorable discounts and free shipping offered by various platforms.
- Growing preference for compression garments and stockings among geriatric population in Western Europe, contributed to the significant dominance of the region in compression garments and stockings market.
- Increasing number of sports injuries and wounds are expected to drive the compression garments and stockings market growth. Strict norms for the use of compression garments and stockings among armed forces personnel and athletes are anticipated to propel the market growth.
Rising Awareness Holds Key to Unlock New Markets
The key manufacturers in the global compression garments and stockings industry are keen to spread awareness about the benefits offered by compression garments and stockings. In May 2017, BSN Medical hosted panel discussions on chronic venous diseases and wound infection management at EWMA 2017. Medi GmbH & Co. KG spreads awareness through its alliance with German Society for Arthroscopy and Joint Surgery, Eurocom, German Association for Shoulder and Elbow Surgery, German Knee Society and other associations.
More About Compression Garments and Stockings Industry Study
Future Market Insights brings the comprehensive research report on forecasted revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of segments from 2015 to 2029. The global compression garments and stockings industry is segmented in detail to cover every aspect of the market and present a complete market intelligence approach to the reader.
The study provides compelling insights on compression garments and stockings industry based on product type (compression garments, compression stockings), application (varicose vein, wound care, burns, oncology, other indications) and distribution channel (hospitals, ambulatory surgical centers, clinics, online sales, other healthcare facilities) across seven major regions.
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Compression Garments and Stockings Market by Category By Product :
- Compression Garments
- Upper Compression Garments
- Lower Compression Garments
- Compression Stockings
- Anti-Embolism Compression Stockings
- Gradient Compression Stockings
By Application :
- Varicose Veins
- Wound Care
- Burns
- Oncology
- Others
By Distribution Channel :
- Hospitals
- Ambulatory Surgical Centers
- Clinics
- Online Sales
- Other Healthcare Facilities
By Region :
- North America
- Western Europe
- Eastern Europe
- APEJ
- Japan
- Latin America
- Middle East and Africa
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