Market Overview:
The global medical compression garments market is expected to grow at a CAGR of 5.8% from 2018 to 2030. The growth in the market can be attributed to the increasing prevalence of chronic diseases, rising geriatric population, and technological advancements in medical compression garments. Based on type, the global medical compression garments market is segmented into upper compression garments and lower compression garments. Upper compression garments are further classified into arm sleeves, leg sleeves, and chest supports. Lower compression garments are further classified into pantyhose/tights, shorts/skirts, and underwear/briefs. Based on application, the global medical compression garments market is segmented into varicose vein treatment, wound care treatment (including ulcers), burns treatment (including skin grafts), oncology treatment (including chemotherapy), other indications (such as post-operative rehabilitation). Varicose vein treatments held the largest share of the global medical compression garment market in 2017 owing to increasing prevalence of varicose veins across all regions globally. Geographically, North America dominates the global medical compressions garment market followed by Europe due high incidence rate of chronic diseases such as obesity & diabetes mellitus which leads patients towards use of these products for preventive measures .
Product Definition:
Medical compression garments are used to improve blood circulation, prevent blood clots, and relieve swelling. They are made of elastic material and fit tightly around the arms or legs.
Upper Compression Garments:
Upper compression garments are also known as blood pressure garments,ulse Oximeters or squeeze oximeters. They are used to reduce the swelling and pooling of blood in an extremity or body part by applying pressure on the damaged area. Upper Compression Garments work by reducing the amount of oxygenated blood getting to a particular part of your body,causing it to constrict which reduces the swelling caused by injury or disease.
Lower Compression Garments:
Lower compression garments are used in medical compression garments market. Compression is a technique where the lower extremities are compressed by an elastic bandage or garment, which helps to reduce swelling and pain. Lower Compression Garments work by reducing the blood flow and pressure in the legs, which reduces pain as well as promotes healing of damaged tissues.
Application Insights:
On the basis of application, the global medical compression garments market is segmented into varicose vein, wound care, burn injury treatment, oncology and other indications. The wound care segment held a major share in 2017 owing to increasing cases of trauma and burns across the globe. According to WHO¢â‚¬â„¢s statistics for 2016, around 9.0% of total deaths occur due to injuries every year globally. This indicates a huge potential for this product in treating various types of wounds as it can reduce swelling & pain caused by these injuries while promoting faster healing process.
The cancer indication segment is expected to grow at a lucrative rate over the forecast period owing to rising number of cancer cases across developed countries such as U.S.
Regional Analysis:
North America dominated the global market in 2017. The presence of well-established healthcare facilities and availability of advanced products are some factors responsible for its large share. Moreover, increasing sports injuries and trauma cases are also expected to drive the regional demand over the forecast period.
Asia Pacific is anticipated to witness lucrative growth during the forecast period owing to rising medical tourism in emerging countries such as China, India, Singapore, Thailand and Malaysia. In addition, rapidly improving healthcare infrastructure coupled with growing patient awareness levels will boost this region’s growth further on account of high unmet clinical needs along with huge potential for new treatments & therapies which can improve patients’ quality of life & expectancy while reducing their expenditure burden associated with hospitalization or medical treatment costs etc., thus making it an attractive destination for global players investing in this space (acquiring capacity expansion).
Growth Factors:
- Increasing incidence of chronic diseases: The global prevalence of chronic diseases is increasing at an alarming rate. This is primarily because of the changing lifestyles and dietary habits of people across the world. According to a study by the World Health Organization (WHO), non-communicable diseases are responsible for over 63% of all deaths worldwide. This number is expected to rise to almost 75% by 2030. Compression garments can help in managing various chronic conditions such as venous leg ulcers, lymphedema, and deep vein thrombosis (DVT). As a result, the demand for medical compression garments is expected to grow significantly in the coming years.
- Growing awareness about benefits of compression therapy: There has been a growing awareness among people about the benefits of compression therapy in recent years. This has led to an increase in demand for medical compression garments from both patients and healthcare professionals alike. In addition, there has been an increase in research studies that have highlighted the benefits of compression therapy for various health conditions. All these factors are likely to contribute significantly towards growth of the medical compression garments market in future years..
Scope Of The Report
Report Attributes
Report Details
Report Title
Medical Compression Garments Market Research Report
By Type
Upper Compression Garments, Lower Compression Garments
By Application
Varicose Vein, Wound Care, Burns, Oncology, Other Indications
By Companies
M, BSN Medical, Medtronic, medi GmBH & Co KG, SIGVARIS, Therafirm, XU Pty. Ltd., Santemol Group Medikal, Leonisa, Inc., Nouvelle, Inc., M
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
138
Number of Tables & Figures
97
Customization Available
Yes, the report can be customized as per your need.
Global Medical Compression Garments Market Report Segments:
The global Medical Compression Garments market is segmented on the basis of:
Types
Upper Compression Garments, Lower Compression Garments
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Varicose Vein, Wound Care, Burns, Oncology, Other Indications
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- M
- BSN Medical
- Medtronic
- medi GmBH & Co KG
- SIGVARIS
- Therafirm
- XU Pty. Ltd.
- Santemol Group Medikal
- Leonisa, Inc.
- Nouvelle, Inc.
- M
Highlights of The Medical Compression Garments Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Upper Compression Garments
- Lower Compression Garments
- By Application:
- Varicose Vein
- Wound Care
- Burns
- Oncology
- Other Indications
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Medical Compression Garments Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Medical compression garments are a type of clothing that help to reduce swelling and improve blood flow. They are made from materials such as Lycra, spandex, or nylon and are worn over the skin. They can be worn under clothes or on their own.
Some of the major players in the medical compression garments market are M, BSN Medical, Medtronic, medi GmBH & Co KG, SIGVARIS, Therafirm, XU Pty. Ltd., Santemol Group Medikal, Leonisa, Inc., Nouvelle, Inc., M.
The medical compression garments market is expected to register a CAGR of 5.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Medical Compression Garments Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Medical Compression Garments Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Medical Compression Garments Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Medical Compression Garments Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Medical Compression Garments Market Size & Forecast, 2020-2028
4.5.1 Medical Compression Garments Market Size and Y-o-Y Growth
4.5.2 Medical Compression Garments Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Upper Compression Garments
5.2.2 Lower Compression Garments
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Varicose Vein
6.2.2 Wound Care
6.2.3 Burns
6.2.4 Oncology
6.2.5 Other Indications
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Medical Compression Garments Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Medical Compression Garments Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Upper Compression Garments
9.6.2 Lower Compression Garments
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Varicose Vein
9.10.2 Wound Care
9.10.3 Burns
9.10.4 Oncology
9.10.5 Other Indications
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Upper Compression Garments
10.6.2 Lower Compression Garments
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Varicose Vein
10.10.2 Wound Care
10.10.3 Burns
10.10.4 Oncology
10.10.5 Other Indications
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Upper Compression Garments
11.6.2 Lower Compression Garments
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Varicose Vein
11.10.2 Wound Care
11.10.3 Burns
11.10.4 Oncology
11.10.5 Other Indications
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Upper Compression Garments
12.6.2 Lower Compression Garments
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Varicose Vein
12.10.2 Wound Care
12.10.3 Burns
12.10.4 Oncology
12.10.5 Other Indications
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Upper Compression Garments
13.6.2 Lower Compression Garments
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Varicose Vein
13.10.2 Wound Care
13.10.3 Burns
13.10.4 Oncology
13.10.5 Other Indications
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Medical Compression Garments Market: Competitive Dashboard
14.2 Global Medical Compression Garments Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 M
14.3.2 BSN Medical
14.3.3 Medtronic
14.3.4 medi GmBH & Co KG
14.3.5 SIGVARIS
14.3.6 Therafirm
14.3.7 XU Pty. Ltd.
14.3.8 Santemol Group Medikal
14.3.9 Leonisa, Inc.
14.3.10 Nouvelle, Inc.
14.3.11 M
