Sarasota, FL — 01/11/2018 — 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 2022The report covers forecast and analysis for the Compression Garments and Stockings Market on a global and regional level. The study provides historic data of 2016 along with a forecast for 2017 to 2022 based revenue (USD Million). The study includes drivers and restraints for the compression garments and stockings market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the compression garments and stockings market on a global level.
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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.
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
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Global Compression Garments and Stockings Market: End-user Segment Analysis
Ambulatory Surgical Centers (ASC's)
Other Healthcare Facilities
North America, Europe, Asia-Pacific, Latin America and Middle East & Africa are key regional segments of global compression garments and stockings market. North America is anticipated to remain the leading region over the forecast period. The U.S. market is expected to grow at the highest CAGR mainly due to immense per capita health expenditures, and significant investments in R&D for effective treatment alternatives. Asia Pacific is expected to be the fastest growing region in compression garments and stockings market during the forecast period. Moreover, the Middle East and Africa and Latin America are also expected to show considerable growth for this market owing to the increased burden of diseases.
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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.
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