The Compression Garments and Stockings Market accounted to USD 2,100 million in 2016 growing at a CAGR of 4.9% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic years 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.
Global Compression Garments and Stockings Market By Product Type (Compression Garments, Compression Stockings) By Application (Varicose Veins, Wound Care, Burn Cases, Oncology, Other Indications) By Distribution Channel (Hospitals, Ambulatory Surgical Centers, Clinics, Online Sales, Other Healthcare Facilities) By Geography (North America, Europe, Asia-Pacific, Europe, South America, Middle East and Africa) – Industry Trends and Forecast to 2024
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Compression garments are piece of cloth that provide support for people who have to stand for long periods or have poor circulation
Major Market Drivers and Restraints:
- Increasing commercial promotion and surge in online shopping
- Prominence of compression garments is rising in exercise settings and sports
- Growing caseload for varicose vein treatments and orthopaedic surgeries is observed
- Advancements in fabric and garment designer
On the basis of product type the compression garments and stockings market is segmented Compression Garments, Compression Stockings
By Application the market is segmented into Varicose Veins, Wound Care, Burn Cases, Oncology, Other Indications
By Distribution Channel the market is segmented into Hospitals, Ambulatory Surgical Centers, Clinics, Online Sales, and Other Healthcare Facilities
Based on geography, the market is segmented into five geographical regions:
- North America
- South America
- Middle East and Africa(MEA)
Global Compression Garments and Stockings Market is highly fragmented and is based on new product launches and clinical results of products. Hence the major players have used various strategies such as new product launches, clinical trials, market initiatives, high expense on research and development, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market.
Some of the major players operating in Compression Garments And Stockings Market are
- BSN Medical
- Nouvelle Inc
- Medical Z
- medi GmbH & Co KG
- Covidien Ltd. (a Medtronic PLC. Company
- Santemol Group Medical
- 2XU Pty. Ltd Leonisa, Inc.
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Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models.
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