Compression Garments Market Competitive Landscape Analysis with Forecast by 2026

Compression garments are types of clothes or part of clothing material designed in order to reduce recovery time and help improve performance. They aid in improving blood circulation to the muscles, which facilitates warming up of the muscles and their subsequent recovery before and after exercise. Compression garments include compression stockings, sleeves, body shapers, girdles & binders, chin straps, etc. These garments are also used to manage and prevent various medical disorders, such as, venous disorders, deep vein thrombosis (DVT), sports & recreational injuries, and follow-up therapy after surgeries.

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Rising number of sports and recreational injuries observed across the world is a prominent factor fuelling the growth of the global compression garments market. According to a study published by the U.S. Department of Health and Human Services in 2014, an estimated 8.6 million injuries were reported in the U.S., primarily due to rise in physical activities undertaken by people in the country. As per CDC estimates, every year, millions of sports-related injuries are reported among children aged between 5-14 years. Out of the total number of sports-related injuries, a significant portion occurs to the foot and ankle. Sport injuries generally lead to damage to the veins. Treatment for damaged veins requires compression therapy products, such as, compression garments, for the effective management of these injuries. Rise in the number of sport-related injuries is likely to help in driving the adoption of compression garments, such as, stockings, sleeves, wraps, etc., which, in turn, is projected to drive the growth of the overall market.

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Compression garment manufacturers are increasingly resorting to new product launches in order to provide enhanced treatment options to people suffering from conditions, such as, venous disorders, etc. In August 2017, medi GmbH & Co. KG, a leading developer of compression garments, launched two-tone compression stockings in the U.K. market, intended for use in oedema treatment. Launch of new compression garments is expected to address important unmet medical needs of millions of men and women who are suffering from different forms of venous disorders as well as undergoing rehabilitation therapies following surgeries.

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In terms of geography, the global compression garments market can be segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America dominates the global market due to ongoing efforts of compression garment manufacturers to launch new products in the market. North America is followed by Europe and Asia Pacific in terms of leading the global compression garments market. In Asia Pacific, growing elderly population and rising incidences of venous disorders and other age-related injuries among the general population are likely to fuel the growth of the market in the region during the forecast period.

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