Captivating features of compression garments makes the global compression garments market highly lucrative

Date: 4 June 2020

According to a research report published by Azoth Analytics in May 2020, the Global Compression Garments Market was valued at USD 2429.6 million in the year 2019. Primarily, the growth in the market for Compression Garments is supported by enhanced focus of manufacturers on expanding the product portfolio and offering products that help athletes recover quickly from intense workout session or sports injury. Also, growing awareness among consumers regarding captivating features of wearing compression garments during post-surgery recovery will be propelling the market growth during the forecast period. The market will be impacted in the short term due to the Covid-19 pandemic that has disrupted the entire supply chain in the apparel industry. 

Global Compression Garments market will be majorly driven by burgeoning demand arising from athletes with leading compression garments manufacturers focusing on expanding their product portfolio to include products that offer consumer centric design, shape, size and compression level supported by ever growing number of patients suffering from varicose veins, lymphedema, oedema, leg discomfort among many other diseases. These factors will be driving a remarkable growth in the market for Compression Garments during the coming years.

Moreover, Lower Compression Garments will be followed by Upper compression garments owing to wide availability of various lower Compression Garments including socks, thighs, calves, pantyhouse and many others, from different manufacturers at competitive costs clubbed with leading companies stressing upon offering innovative products so as to occupy the considerable market share and investing in improving the distribution channels.

Furthermore, among the regions, North America is anticipated to attain the highest market share primarily due to presence of leading compression garment manufacturers coupled with burgeoning demand arising from sportsperson in the region. Also, enhanced adoption of compression garments for post operation recovery coupled with growing collaborations between surgeons, clinics, hospitals and leading manufacturers to meet the consumers’ demands, will be driving a remarkable growth in the market for compression garments during the period of 2020-2025.

The Azoth Analytics research report titled GlobalCompression Garments Market has analysed and segmented the Compression Garments Market by Value (USD Million). The report has analysed the Compression Garments Market By Product Type (Upper Compression Garments and Lower Compression Garments) and By End Users (Hospitals, Clinics, Ambulatory Surgical Centers, Others). The Global Compression Garments Market has been analysed By Region (North America, Europe, and Asia Pacific) and By Country (United States, Canada, Germany, France, United Kingdom, Italy, China, Japan, India, and South Korea) for the historical period of 2015-2019 and the forecast period of 2020-2025.