The global market for compression garments and stockings is poised for significant growth over the next decade, with sales expected to climb from USD 3,084.3 million in 2024 to an estimated USD 4,744.2 million by 2034, reflecting a steady CAGR of 4.4%. According to recent data, the revenue generated in 2023 was USD 2,954.3 million, underscoring the market’s upward trajectory.
The increasing awareness of the health benefits associated with compression therapy, especially for managing circulatory issues and improving athletic performance, is a major factor driving demand. Compression garments and stockings are widely adopted for their role in enhancing blood circulation, reducing swelling, and providing support during physical activities, making them popular among athletes and individuals with chronic venous disorders.
Advances in technology and an increasing interest in venous health, post-surgical recovery, and sporting performance drive the market for compression garments and stockings. The compression garments are widely applied not only to manage venous disorders, lymphedema, and other circulation problems but also as an integral part of the recovery routine for athletes. Even more comfortable, durable, and effective compression products offered through advances in technology have resulted in improved patient compliance and satisfaction.
A new product innovation from players like Sigvaris Group and Medi GmbH is trying to meet the therapeutic and performance-related demands in the market. Growth in this market is also boosted by rising awareness about the benefits of compression therapy in better managing chronic conditions and recovery support. Hence, they are an essential component both in the healthcare and sports sectors.
Competitive Landscape
The market for compression garments and stockings is highly competitive, encompassing a mix of both established players as well as new entrants in the space. Companies within this space are starting to focus more on their product lines with advanced technologies and materials catering to higher medical and athletic needs. Strategic partnerships, mergers, and acquisitions have become somewhat common occurrences as firms seek to expand their market presence and integrate cutting-edge solutions to address the growing demand for effective compression therapy.
Recent Industry Developments in the Compression Garments and Stockings Market
- 3M Launched advanced compression stockings with moisture-wicking fabrics on March 15, 2024.
- BSN Medical Introduced a series of antimicrobial compression garments on April 10, 2024.
Key Players of the Compression Garments and Stockings Industry
- 3M
- BSN Medical
- Covidien Ltd.
- Medi GmBH & Co KG
- SIGVARIS
- Therafirm
- 2XU Pty. Ltd.
- Santemol Group Medikal
- Leonisa, Inc.
- Nouvelle, Inc.
- Medical Z
A Comprehensive Full Report
Key Segments of the Compression Garments and Stockings Industry
By Product:
In terms of product, the industry is divided into compression garments (upper compression garments and lower compression garments), compression stockings (anti-embolism compression stockings and gradient compression stockings)
By Application:
In terms of application, the industry is divided into varicose veins, wound care, burns, oncology, and others
By Distribution Channel:
In terms of distribution channels, the industry is divided into hospitals, ambulatory surgical centers, clinics, online sales, and other healthcare facilities
By Region:
Key countries of North America, Latin America, Europe, East Asia, South Asia & Pacific, Middle East and Africa (MEA) have been covered in the report.
Author By:
Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.
Identifying key challenges faced by clients and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in areas such as Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.
Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.
About Future Market Insights (FMI)
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