Compression Sleeves Global Market Report 2024

Description

Compression sleeves are garments crafted from stretchy and elastic materials, intended to be worn on different body parts to administer graduated compression. These sleeves are engineered to apply pressure to the limbs or joints, fostering improved circulation, minimizing swelling, and providing support to muscles and joints during physical activities.

The primary product types of compression sleeves include arm compression sleeves, bandages, leg compression sleeves, and others. Arm compression sleeves are garments worn on the arms to provide support and compression, commonly used in sports or for medical purposes. These sleeves employ various techniques such as static and dynamic compression and are distributed through various channels such as hospital pharmacies, retail pharmacies, online sales, and hypermarkets. They find applications in various medical scenarios such as varicose veins, wound care, burns, oncology, among others.

The compression sleeves market research report is one of a series of new reports from The Business Research Company that provides compression sleeves market statistics, including compression sleeves industry global market size, regional shares, competitors with a compression sleeves market share, detailed compression sleeves market segments, market trends and opportunities, and any further data you may need to thrive in the compression sleeves industry. This compression sleeves market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry

The compression sleeves market size has grown strongly in recent years. It will grow from $1.22 billion in 2023 to $1.29 billion in 2024 at a compound annual growth rate (CAGR) of 6.4%. The expansion observed in the historical period can be attributed to several factors, including a focus on injury prevention among athletes and individuals engaged in physical activities, the utilization of compression sleeves for medical rehabilitation purposes, their role in enhancing athletic performance, and the increasing popularity of compression sleeves as fashion accessories, incorporating elements of style and trends.

The compression sleeves market size is expected to see strong growth in the next few years. It will grow to $1.68 billion in 2028 at a compound annual growth rate (CAGR) of 6.8%. The projected growth in the forecast period can be attributed to increasing awareness about the benefits of compression sleeves, a rising trend towards fitness consciousness, and the aging population's need for support garments. Major trends expected in the forecast period encompass customization and personalization options to cater to individual needs, integration of smart technologies to enhance functionality and user experience, a growing emphasis on sustainability in manufacturing processes and materials, and expansion into new markets to reach broader demographics.

The escalating prevalence of deep vein thrombosis (DVT) is anticipated to propel the expansion of the compression sleeves market in the foreseeable future. DVT, characterized by the formation of blood clots in deep veins, predominantly in the legs, is on the rise due to multifaceted factors encompassing lifestyle choices, medical conditions, genetic predispositions, and environmental influences. Compression sleeves emerge as instrumental tools in managing DVT by enhancing blood circulation, alleviating pain and swelling in the legs, and mitigating the risk of blood clot formation. Notably, in August 2023, Nuffield Trust Limited, a UK-based governmental organization, reported a notable surge in DVT incidence, recording 352 cases per 100,000 hospital discharges in 2021, escalating to 377 per 100,000 hospital discharges in 2022. Similarly, in Australia, DVT alone (without concomitant PE) affects 52 individuals per 100,000 annually, underscoring the driving force behind the growth of the compression sleeves market.

Prominent players in the compression sleeves market are strategically focused on developing innovative products such as Trailblazer calf sleeves to cater to customers' evolving needs with enhanced functionalities. Trailblazer calf sleeves stand out for their ability to stimulate blood flow, expedite recovery, and incorporate advanced features such as anti-odor technology, moisture-wicking properties, and abrasion resistance. For instance, in December 2021, BioSkin, a US-based medical equipment manufacturer, introduced the Trailblazer calf sleeves, engineered to deliver pain-relieving compression to lower leg muscles, tendons, and ligaments while promoting blood flow and accelerating recovery. Crafted from medical-grade compression material, these sleeves are meticulously designed to optimize recovery and performance, featuring a double layer of smooth Italian warp-knit fabric with exceptional stretchability to flex with lower leg muscles, providing targeted compression to alleviate discomfort effectively.

In July 2022, Enovis, a US-based healthcare technology enterprise, finalized the acquisition of Insight Medical Systems for an undisclosed sum. This strategic move by Enovis aims to elevate patient outcomes by integrating next-generation augmented reality surgical guidance technology into Enovis' orthopedic surgery procedures. Insight Medical Systems, based in the US, is renowned for manufacturing various healthcare products, including compression sleeves, aligning with Enovis' strategic objectives of advancing surgical practices and patient care.

Major companies operating in the compression sleeves market are Nike Inc., Adidas AG, Medi USA, Zensah, 2XU Pty. Ltd., Mueller Sports Medicine, Vive Health, Sigvaris Group, CEP Compression, Rehband, Copper Fit, Mava Sports, Zamst, Vitalsox, Under Armour, Tommie Copper, Therafirm, SKINS Compression, Shock Doctor Inc., Run Forever Sports, Pro-Tec Athletics, OS1st, Orthosleeve, Mojo Compression, McDavid, EvoShield, CW-X

North America was the largest region in the compression sleeves market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the compression sleeves market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The countries covered in the compression sleeves market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The compression sleeves market consists of sales of athletic compression sleeves, post-surgical compression sleeves, and lymphedema compression sleeves. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Including: 1) By Product: Arm Compression Sleeves; Bandages; Leg Compression Sleeves
2) By Technique: Static; Dynamic
3) By Distribution Channel: Hospital Pharmacies; Retail Pharmacies; Online Sales; Hypermarkets
4) By Application: Varicose Veins; Wound Care; Burns; Oncology
Covering: Nike Inc.; Adidas AG; Medi USA; Zensah; 2XU Pty. Ltd

Product Code: r17323

1. Executive Summary

2. Compression Sleeves Market Characteristics

3. Compression Sleeves Market Trends And Strategies

4. Compression Sleeves Market - Macro Economic Scenario

4.1. Impact Of High Inflation On The Market
4.2. Ukraine-Russia War Impact On The Market
4.3. COVID-19 Impact On The Market

5. Global Compression Sleeves Market Size and Growth

5.1. Global Compression Sleeves Market Drivers and Restraints
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints Of The Market
5.2. Global Compression Sleeves Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)
5.3. Global Compression Sleeves Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

6. Compression Sleeves Market Segmentation

6.1. Global Compression Sleeves Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Arm Compression Sleeves
Bandages
Leg Compression Sleeves
Other Products
6.2. Global Compression Sleeves Market, Segmentation By Technique, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Static
Dynamic
6.3. Global Compression Sleeves Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Hospital Pharmacies
Retail Pharmacies
Online Sales
Hypermarkets
6.4. Global Compression Sleeves Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Varicose Veins
Wound Care
Burns
Oncology
Oher Applications

7. Compression Sleeves Market Regional And Country Analysis

7.1. Global Compression Sleeves Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
7.2. Global Compression Sleeves Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8. Asia-Pacific Compression Sleeves Market

8.1. Asia-Pacific Compression Sleeves Market Overview
Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Compression Sleeves Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.3. Asia-Pacific Compression Sleeves Market, Segmentation By Technique, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.4. Asia-Pacific Compression Sleeves Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

9. China Compression Sleeves Market

9.1. China Compression Sleeves Market Overview
9.2. China Compression Sleeves Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.3. China Compression Sleeves Market, Segmentation By Technique, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.4. China Compression Sleeves Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

10. India Compression Sleeves Market

10.1. India Compression Sleeves Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.2. India Compression Sleeves Market, Segmentation By Technique, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.3. India Compression Sleeves Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11. Japan Compression Sleeves Market

11.1. Japan Compression Sleeves Market Overview
11.2. Japan Compression Sleeves Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.3. Japan Compression Sleeves Market, Segmentation By Technique, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.4. Japan Compression Sleeves Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12. Australia Compression Sleeves Market

12.1. Australia Compression Sleeves Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.2. Australia Compression Sleeves Market, Segmentation By Technique, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.3. Australia Compression Sleeves Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13. Indonesia Compression Sleeves Market

13.1. Indonesia Compression Sleeves Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.2. Indonesia Compression Sleeves Market, Segmentation By Technique, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.3. Indonesia Compression Sleeves Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14. South Korea Compression Sleeves Market

14.1. South Korea Compression Sleeves Market Overview
14.2. South Korea Compression Sleeves Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.3. South Korea Compression Sleeves Market, Segmentation By Technique, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.4. South Korea Compression Sleeves Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15. Western Europe Compression Sleeves Market

15.1. Western Europe Compression Sleeves Market Overview
15.2. Western Europe Compression Sleeves Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.3. Western Europe Compression Sleeves Market, Segmentation By Technique, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.4. Western Europe Compression Sleeves Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16. UK Compression Sleeves Market

16.1. UK Compression Sleeves Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.2. UK Compression Sleeves Market, Segmentation By Technique, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.3. UK Compression Sleeves Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17. Germany Compression Sleeves Market

17.1. Germany Compression Sleeves Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.2. Germany Compression Sleeves Market, Segmentation By Technique, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.3. Germany Compression Sleeves Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18. France Compression Sleeves Market

18.1. France Compression Sleeves Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.2. France Compression Sleeves Market, Segmentation By Technique, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.3. France Compression Sleeves Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19. Italy Compression Sleeves Market

19.1. Italy Compression Sleeves Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.2. Italy Compression Sleeves Market, Segmentation By Technique, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.3. Italy Compression Sleeves Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20. Spain Compression Sleeves Market

20.1. Spain Compression Sleeves Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.2. Spain Compression Sleeves Market, Segmentation By Technique, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.3. Spain Compression Sleeves Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21. Eastern Europe Compression Sleeves Market

21.1. Eastern Europe Compression Sleeves Market Overview
21.2. Eastern Europe Compression Sleeves Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.3. Eastern Europe Compression Sleeves Market, Segmentation By Technique, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.4. Eastern Europe Compression Sleeves Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22. Russia Compression Sleeves Market

22.1. Russia Compression Sleeves Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.2. Russia Compression Sleeves Market, Segmentation By Technique, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.3. Russia Compression Sleeves Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23. North America Compression Sleeves Market

23.1. North America Compression Sleeves Market Overview
23.2. North America Compression Sleeves Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.3. North America Compression Sleeves Market, Segmentation By Technique, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.4. North America Compression Sleeves Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24. USA Compression Sleeves Market

24.1. USA Compression Sleeves Market Overview
24.2. USA Compression Sleeves Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.3. USA Compression Sleeves Market, Segmentation By Technique, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.4. USA Compression Sleeves Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25. Canada Compression Sleeves Market

25.1. Canada Compression Sleeves Market Overview
25.2. Canada Compression Sleeves Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.3. Canada Compression Sleeves Market, Segmentation By Technique, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.4. Canada Compression Sleeves Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26. South America Compression Sleeves Market

26.1. South America Compression Sleeves Market Overview
26.2. South America Compression Sleeves Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.3. South America Compression Sleeves Market, Segmentation By Technique, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.4. South America Compression Sleeves Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27. Brazil Compression Sleeves Market

27.1. Brazil Compression Sleeves Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.2. Brazil Compression Sleeves Market, Segmentation By Technique, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.3. Brazil Compression Sleeves Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28. Middle East Compression Sleeves Market

28.1. Middle East Compression Sleeves Market Overview
28.2. Middle East Compression Sleeves Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.3. Middle East Compression Sleeves Market, Segmentation By Technique, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.4. Middle East Compression Sleeves Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29. Africa Compression Sleeves Market

29.1. Africa Compression Sleeves Market Overview
29.2. Africa Compression Sleeves Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.3. Africa Compression Sleeves Market, Segmentation By Technique, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.4. Africa Compression Sleeves Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

30. Compression Sleeves Market Competitive Landscape And Company Profiles

30.1. Compression Sleeves Market Competitive Landscape
30.2. Compression Sleeves Market Company Profiles
- 30.2.1. Nike Inc.
  - 30.2.1.1. Overview
  - 30.2.1.2. Products and Services
  - 30.2.1.3. Strategy
  - 30.2.1.4. Financial Performance
- 30.2.2. Adidas AG
  - 30.2.2.1. Overview
  - 30.2.2.2. Products and Services
  - 30.2.2.3. Strategy
  - 30.2.2.4. Financial Performance
- 30.2.3. Medi USA
  - 30.2.3.1. Overview
  - 30.2.3.2. Products and Services
  - 30.2.3.3. Strategy
  - 30.2.3.4. Financial Performance
- 30.2.4. Zensah
  - 30.2.4.1. Overview
  - 30.2.4.2. Products and Services
  - 30.2.4.3. Strategy
  - 30.2.4.4. Financial Performance
- 30.2.5. 2XU Pty. Ltd.
  - 30.2.5.1. Overview
  - 30.2.5.2. Products and Services
  - 30.2.5.3. Strategy
  - 30.2.5.4. Financial Performance

31. Compression Sleeves Market Other Major And Innovative Companies

31.1. Mueller Sports Medicine
31.2. Vive Health
31.3. Sigvaris Group
31.4. CEP Compression
31.5. Rehband
31.6. Copper Fit
31.7. Mava Sports
31.8. Zamst
31.9. Vitalsox
31.10. Under Armour
31.11. Tommie Copper
31.12. Therafirm
31.13. SKINS Compression
31.14. Shock Doctor Inc.
31.15. Run Forever Sports

32. Global Compression Sleeves Market Competitive Benchmarking

33. Global Compression Sleeves Market Competitive Dashboard

34. Key Mergers And Acquisitions In The Compression Sleeves Market

35. Compression Sleeves Market Future Outlook and Potential Analysis

35.1 Compression Sleeves Market In 2028 - Countries Offering Most New Opportunities
35.2 Compression Sleeves Market In 2028 - Segments Offering Most New Opportunities
35.3 Compression Sleeves Market In 2028 - Growth Strategies
- 35.3.1 Market Trend Based Strategies
- 35.3.2 Competitor Strategies

36. Appendix

36.1. Abbreviations
36.2. Currencies
36.3. Historic And Forecast Inflation Rates
36.4. Research Inquiries
36.5. The Business Research Company
36.6. Copyright And Disclaimer