Sarasota, FL, Oct. 05, 2017 (GLOBE NEWSWIRE) -- Zion Market Research has published a new report titled “Compression Garments and Stockings Market by Product Type (Compression Garments and Compression Stockings), Applications and End-User: Global Industry Perspective, Comprehensive Analysis, and Forecast, 2016 - 2022” . According to the report, Global Compression Garments and Stockings Market was valued at approximately USD 2,387.4 million in 2016 and is expected to generate revenue of around USD 3,216.7 million by end of 2022, growing at a CAGR of around 5.1% between 2017 and 2022.
Compression garments are skintight apparels, which stimulate blood circulation and stabilize muscles by exerting pressure on specific parts of the body. Compression apparel helps to improve stamina & body balance and control the body temperature. Whereas compression stockings are elastic hosiery garments applied to a lower limb to achieve graduated compression. They are used for management of venous hypertension, lymphedema, and venous ulcers to reduce edema and aid return of venous blood to the heart. Presently more than 2,50,000 people are suffering from this disease in U.K. The global population of the affected people is swelling every day. Moreover, fitness is the buzzword of the modern society and the global citizens are extremely conscious about their physical and mental fitness. The enhanced awareness levels amongst denizens are creating a major and robust platform for compression garments and stockings market. This market is directly attached to the development and growth of the healthcare industry all over.
Browse through 90 Market Tables and 24 Figures spread through 110 Pages and in-depth TOC on "Global Compression Garments and Stockings Market Size and Forecast 2016 – 2022”.
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The rise of the diseases like varicose veins and lymphedema and overall growth of the healthcare industry, a massive global aging population which is easily affected by age-related muscular problems and the steady rise of the fitness and sports industry are some of the drivers which are pulling up the potentiality of the compression garments and stockings market globally. The entire manufacturing market of compression garments is concentrated in Canada and Australia and the supply of clothes and an overall positive scene of the textile market is fuelling the growth of the compression garments and stockings market. The demand for compression garments has increased as athletes are preferring them to avoid any kind of possible injury during an event. The producers are constantly innovating with the materials and revamping styles to woo more consumers. The compression garments and stockings market are extremely prosperous because of the constant modernization drive happening in the sports, fitness and healthcare sector.
The compression garments and stockings market are segmented on the basis of product type into compression garments and compression stockings.
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Compression garments segment is expected to grow at fastest rate in the global market over the forecast period.
The compression garments and stockings market are segmented on the basis of application into varicose veins, wound care, burns, oncology, and others. Varicose veins segment is expected to grow at fastest rate in global market over the forecast period Hospitals, ASC’s, clinics, online sales and other healthcare facilities are key end-users of the global compression garments and stockings market. The hospital's segment dominated the market in terms of revenue in 2016.
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North America represents developed regional markets for compression garments and stockings and is expected to see the rapid growth in the years to come. The U.S. is by far the leading market for compression garments and stocking market by country in North America. The U.S. market is expected to grow at the highest CAGR during the forecast period. This growth is mainly due to the presence of a large number of lifestyle users and extensive popularity of athletics and other sports.
Europe is the second largest regional market and is expected to show significant growth in the years to come. France, Germany, and the U.K. account for the major share of the compression garments market in Europe. Around 4.5 million people beyond 15 years age limit are admitted in the hospitals for treating sports-related injuries annually, according to the European Injury Database (IDB).
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Asia Pacific is expected to witness noticeable growth in the near future. In Asia, China, India, and Japan will continue to be the fastest growing markets compression garments and stocking market. Rising investment in healthcare infrastructure, growing disposable income, and higher occurrence of chronic ailments are some of the factors stimulating growth for compression garments and stockings market in Asia Pacific region.
In Middle East & Africa; the African region is projected to register noticeable growth owing to increased government funding and a high burden of diseases. Latin America is another important regional market and is expected to experience moderate growth over the forecast period. Thus, all the aforementioned parameters are expected to propel the market growth globally.
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Some of the key players in compression garments and stockings market include 2XU Pty. Ltd, 3M, BSN Medical, Leonisa, Inc., Medical Z, medi GmbH & Co KG, Nouvelle, Inc., Santemol Group Medical. Companies are involved in collaboration agreements for R&D to exploit maximum potential.
This report segments the global compression garments and stockings market as follows: Global Compression Garments and Stockings Market: Product Type Segment Analysis
- Compression Garments
- Upper Compression Garments
- Lower Compression Garments
- Compression Stockings
- Anti-Embolism Compression Stockings
- Gradient Compression Stockings
Global Compression Garments and Stockings Market: Application Type Segment Analysis
- Varicose Vein
- Wound Care
- Burns
- Oncology
- Others
Global Compression Garments and Stockings Market: End-user Segment Analysis
- Hospitals
- Ambulatory Surgical Centers (ASC’s)
- Clinics
- Online Sales
- Other Healthcare Facilities
Global Compression Garments and Stockings Market: Regional Segment Analysis
- North America
- U.S.
- Europe
- UK
- France
- Germany
- Asia Pacific
- China
- Japan
- India
- Latin America
- Brazil
- The Middle East and Africa
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