Compression Garments & Stockings Market by Product, Distribution Channel, Application

Description

List of Tables

The Compression Garments & Stockings Market was valued at USD 3.27 billion in 2023, expected to reach USD 3.44 billion in 2024, and is projected to grow at a CAGR of 5.18%, to USD 4.66 billion by 2030.

The global compression garments and stockings market encompasses a wide range of products designed to improve blood circulation and manage conditions like lymphedema, deep vein thrombosis, and varicose veins. The necessity for these products pivots largely on their therapeutic capabilities for managing circulatory disorders, post-surgical recovery, and athletic recovery and prevention, thus expanding their application across medical, sports, and daily use. End-use sectors primarily include hospitals, clinics, home healthcare, and sports and fitness centers. Key growth drivers are the rising prevalence of chronic venous disorders due to an aging population, increased awareness regarding health and wellness, and a surge in sports and fitness activities. Technological advancements are opening new opportunities, particularly in smart textiles that integrate sensors to monitor physiological data. These innovations present significant potentials for enhancing user compliance and opening new market segments. Furthermore, the growing adoption of e-commerce platforms accentuates market expansion by providing enhanced reach and accessibility. However, challenges include high product costs, which may deter widespread adoption, especially in emerging economies. Additionally, the market faces stiff competition from alternative therapies and products, which may dilute growth prospects. Regulatory hurdles and quality assurance also pose significant obstacles, as stringent standards necessitate compliance with medical-grade requirements. Recommendations for capitalizing on market opportunities include focusing on R&D for advanced textiles, exploring emerging markets, and leveraging digital platforms for direct consumer engagement. Companies can also benefit from collaborating with healthcare facilities and sports organizations to enhance product visibility and credibility. Innovation should target increasing comfort, usability, and functionality of garments to maintain a competitive edge. Overall, the market is dynamic, requiring continuous adaptation to technological, consumer, and regulatory trends to harness growth opportunities effectively.

KEY MARKET STATISTICS
Base Year [2023]	USD 3.27 billion
Estimated Year [2024]	USD 3.44 billion
Forecast Year [2030]	USD 4.66 billion
CAGR (%)	5.18%

Market Dynamics: Unveiling Key Market Insights in the Rapidly Evolving Compression Garments & Stockings Market

The Compression Garments & Stockings Market is undergoing transformative changes driven by a dynamic interplay of supply and demand factors. Understanding these evolving market dynamics prepares business organizations to make informed investment decisions, refine strategic decisions, and seize new opportunities. By gaining a comprehensive view of these trends, business organizations can mitigate various risks across political, geographic, technical, social, and economic domains while also gaining a clearer understanding of consumer behavior and its impact on manufacturing costs and purchasing trends.

Market Drivers
- Growing prevalence of chronic diseases and rise in healthcare spending
- Increasing incidences of varicose veins and lymphedema
- Rise in online shopping influencing the compression garments and stockings
Market Restraints
- Lack of standardization during manufacturing process
Market Opportunities
- Expanding use of specialized compression stockings, sleeves and gloves
- Rising sports injuries and preference for compression therapy
Market Challenges
- Health issues associated with the product use

Porter's Five Forces: A Strategic Tool for Navigating the Compression Garments & Stockings Market

Porter's five forces framework is a critical tool for understanding the competitive landscape of the Compression Garments & Stockings Market. It offers business organizations with a clear methodology for evaluating their competitive positioning and exploring strategic opportunities. This framework helps businesses assess the power dynamics within the market and determine the profitability of new ventures. With these insights, business organizations can leverage their strengths, address weaknesses, and avoid potential challenges, ensuring a more resilient market positioning.

PESTLE Analysis: Navigating External Influences in the Compression Garments & Stockings Market

External macro-environmental factors play a pivotal role in shaping the performance dynamics of the Compression Garments & Stockings Market. Political, Economic, Social, Technological, Legal, and Environmental factors analysis provides the necessary information to navigate these influences. By examining PESTLE factors, businesses can better understand potential risks and opportunities. This analysis enables business organizations to anticipate changes in regulations, consumer preferences, and economic trends, ensuring they are prepared to make proactive, forward-thinking decisions.

Market Share Analysis: Understanding the Competitive Landscape in the Compression Garments & Stockings Market

A detailed market share analysis in the Compression Garments & Stockings Market provides a comprehensive assessment of vendors' performance. Companies can identify their competitive positioning by comparing key metrics, including revenue, customer base, and growth rates. This analysis highlights market concentration, fragmentation, and trends in consolidation, offering vendors the insights required to make strategic decisions that enhance their position in an increasingly competitive landscape.

FPNV Positioning Matrix: Evaluating Vendors' Performance in the Compression Garments & Stockings Market

The Forefront, Pathfinder, Niche, Vital (FPNV) Positioning Matrix is a critical tool for evaluating vendors within the Compression Garments & Stockings Market. This matrix enables business organizations to make well-informed decisions that align with their goals by assessing vendors based on their business strategy and product satisfaction. The four quadrants provide a clear and precise segmentation of vendors, helping users identify the right partners and solutions that best fit their strategic objectives.

Strategy Analysis & Recommendation: Charting a Path to Success in the Compression Garments & Stockings Market

A strategic analysis of the Compression Garments & Stockings Market is essential for businesses looking to strengthen their global market presence. By reviewing key resources, capabilities, and performance indicators, business organizations can identify growth opportunities and work toward improvement. This approach helps businesses navigate challenges in the competitive landscape and ensures they are well-positioned to capitalize on newer opportunities and drive long-term success.

Key Company Profiles

The report delves into recent significant developments in the Compression Garments & Stockings Market, highlighting leading vendors and their innovative profiles. These include 3M Company, AMERX Health Care Corp. by Procyon Corporation, Bio Compression Systems, Inc., Bodyment, Calze G.T. S.r.l., Cardinal Health, Inc., ContourMD, Dermawear by CPS Shapers Limited, DirectDermaCare, Essity AB, FeelWell, Julius Zorn GmbH, Kinex Medical Company, LLC, Lipoelastic, Lohmann & Rauscher GmbH & Co. KG, LYCRA Company, Lymphedema Products, LLC, MACOM Enterprises Ltd., medi GmbH & Co. KG, Nouvelle Inc., Paul Hartmann AG, Rainey Recovery Wear, Rehan International Co., Ltd., Sanyleg SRL, SIGVARIS Group, The Marena Group, LLC, Tommie Copper, Inc., and Wear Ease.

Market Segmentation & Coverage

This research report categorizes the Compression Garments & Stockings Market to forecast the revenues and analyze trends in each of the following sub-markets:

Based on Product, market is studied across Compression Garments and Compression Stockings. The Compression Garments is further studied across Lower Compression Garments and Upper Compression Garments. The Compression Stockings is further studied across Anti-Embolism Compression Stockings and Gradient Compression Stockings.
Based on Distribution Channel, market is studied across Offline and Online. The Offline is further studied across Drug Stores and Specialty Retail Stores.
Based on Application, market is studied across Healthcare and Sports & Swimwear.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom.

The report offers a comprehensive analysis of the market, covering key focus areas:

1. Market Penetration: A detailed review of the current market environment, including extensive data from top industry players, evaluating their market reach and overall influence.

2. Market Development: Identifies growth opportunities in emerging markets and assesses expansion potential in established sectors, providing a strategic roadmap for future growth.

3. Market Diversification: Analyzes recent product launches, untapped geographic regions, major industry advancements, and strategic investments reshaping the market.

4. Competitive Assessment & Intelligence: Provides a thorough analysis of the competitive landscape, examining market share, business strategies, product portfolios, certifications, regulatory approvals, patent trends, and technological advancements of key players.

5. Product Development & Innovation: Highlights cutting-edge technologies, R&D activities, and product innovations expected to drive future market growth.

The report also answers critical questions to aid stakeholders in making informed decisions:

1. What is the current market size, and what is the forecasted growth?

2. Which products, segments, and regions offer the best investment opportunities?

3. What are the key technology trends and regulatory influences shaping the market?

4. How do leading vendors rank in terms of market share and competitive positioning?

5. What revenue sources and strategic opportunities drive vendors' market entry or exit strategies?

Product Code: MRR-433AB1DC2889

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Growing prevalence of chronic diseases and rise in healthcare spending
  - 5.1.1.2. Increasing incidences of varicose veins and lymphedema
  - 5.1.1.3. Rise in online shopping influencing the compression garments and stockings
- 5.1.2. Restraints
  - 5.1.2.1. Lack of standardization during manufacturing process
- 5.1.3. Opportunities
  - 5.1.3.1. Expanding use of specialized compression stockings, sleeves and gloves
  - 5.1.3.2. Rising sports injuries and preference for compression therapy
- 5.1.4. Challenges
  - 5.1.4.1. Health issues associated with the product use
5.2. Market Segmentation Analysis
- 5.2.1. Product: Ongoing introduction of diverse compression garments and stockings subcategories to meet the health and personal care
- 5.2.2. Application: Extensive uses of compression garments and stockings fabrics in the field of compression therapies
- 5.2.3. Distribution Channel: Growing preference for online channel due to quick access and exclusive offers
5.3. Porter's Five Forces Analysis
- 5.3.1. Threat of New Entrants
- 5.3.2. Threat of Substitutes
- 5.3.3. Bargaining Power of Customers
- 5.3.4. Bargaining Power of Suppliers
- 5.3.5. Industry Rivalry
5.4. PESTLE Analysis
- 5.4.1. Political
- 5.4.2. Economic
- 5.4.3. Social
- 5.4.4. Technological
- 5.4.5. Legal
- 5.4.6. Environmental

6. Compression Garments & Stockings Market, by Product

6.1. Introduction
6.2. Compression Garments
- 6.2.1. Lower Compression Garments
- 6.2.2. Upper Compression Garments
6.3. Compression Stockings
- 6.3.1. Anti-Embolism Compression Stockings
- 6.3.2. Gradient Compression Stockings

7. Compression Garments & Stockings Market, by Distribution Channel

7.1. Introduction
7.2. Offline
- 7.2.1. Drug Stores
- 7.2.2. Specialty Retail Stores
7.3. Online

8. Compression Garments & Stockings Market, by Application

8.1. Introduction
8.2. Healthcare
8.3. Sports & Swimwear

9. Americas Compression Garments & Stockings Market

9.1. Introduction
9.2. Argentina
9.3. Brazil
9.4. Canada
9.5. Mexico
9.6. United States

10. Asia-Pacific Compression Garments & Stockings Market

10.1. Introduction
10.2. Australia
10.3. China
10.4. India
10.5. Indonesia
10.6. Japan
10.7. Malaysia
10.8. Philippines
10.9. Singapore
10.10. South Korea
10.11. Taiwan
10.12. Thailand
10.13. Vietnam

11. Europe, Middle East & Africa Compression Garments & Stockings Market

11.1. Introduction
11.2. Denmark
11.3. Egypt
11.4. Finland
11.5. France
11.6. Germany
11.7. Israel
11.8. Italy
11.9. Netherlands
11.10. Nigeria
11.11. Norway
11.12. Poland
11.13. Qatar
11.14. Russia
11.15. Saudi Arabia
11.16. South Africa
11.17. Spain
11.18. Sweden
11.19. Switzerland
11.20. Turkey
11.21. United Arab Emirates
11.22. United Kingdom

12. Competitive Landscape

12.1. Market Share Analysis, 2023
12.2. FPNV Positioning Matrix, 2023
12.3. Competitive Scenario Analysis
- 12.3.1. Nufabrx Joins Forces with Enventys Partners to Transform Healthcare, HealthWear
- 12.3.2. England Athletics Launch Partnership with Pressio
- 12.3.3. Marena Launches Post-Surgical Compression Garment Uniquely Designed for the Naturally Curvy Body Type
12.4. Strategy Analysis & Recommendation

Companies Mentioned

1. 3M Company
2. AMERX Health Care Corp. by Procyon Corporation
3. Bio Compression Systems, Inc.
4. Bodyment
5. Calze G.T. S.r.l.
6. Cardinal Health, Inc.
7. ContourMD
8. Dermawear by CPS Shapers Limited
9. DirectDermaCare
10. Essity AB
11. FeelWell
12. Julius Zorn GmbH
13. Kinex Medical Company, LLC
14. Lipoelastic
15. Lohmann & Rauscher GmbH & Co. KG
16. LYCRA Company
17. Lymphedema Products, LLC
18. MACOM Enterprises Ltd.
19. medi GmbH & Co. KG
20. Nouvelle Inc.
21. Paul Hartmann AG
22. Rainey Recovery Wear
23. Rehan International Co., Ltd.
24. Sanyleg SRL
25. SIGVARIS Group
26. The Marena Group, LLC
27. Tommie Copper, Inc.
28. Wear Ease