In-depth analysis and data-driven insights on the impact of COVID-19 included in this global compression garments market report.
The global compression garments market is expected to grow at a CAGR of approximately 5% during the period 2019−2025.
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Compression Garments Market – Segmentation
Compression Garments Market by Gender
Compression Garments Market by Type
Compression Garments Market by Distribution Channel
Compression Garments Market by Compression Delivery
Compression Garments Market by Application
Compression Garments Market – Dynamics
There is a rise in the number of general and cosmetic surgery procedures worldwide, and this can be attributed to an increase in disposable incomes, accepting culture, and high traction toward improving the overall aesthetics of the body. Such surgeries are undertaken by both male and female patients, thus maintaining a steady revenue flow into the market for compression garments used for post-op and recovery. Often, compression garments tend to refer to Spanx or the commonly available thick-tan colored stockings, sold in pharmacy or healthcare centers and usually bought for joint support, recovery, and to help with varicose veins. The current compression garments though similar, can be of different types and have varied applications. High-tech compression garments were available in the market to help patients with a quicker recovery from general or plastic surgery. Cosmetic surgeries are gaining traction in almost all developed and emerging countries, and it is highly likely to witness proportional growth in demand for compression garments, which are designed to facilitate post-op healing.
Key Drivers and Trends fueling Market Growth:
Compression Garments Market – Geography
APAC accounted for about a share of over 22% in 2019 and is characterized by high demand for low-cost elastic compression garments. Though the region witnesses the emergence of pneumatic compression garments, their growth is expected to lag behind the elastic compression garments due to the difference in their price points and availability across emerging countries of the region. According to an Arizton study, Japan, South Korea, and Australia are witnessing high adoption of compression garments primarily driven by an increasing application in sports and post-op applications. The challenge is to attract consumers for premium material and pneumatic compression garments from India, Vietnam, Indonesia, and the Philippines, where the market for high-quality recovery aiding healthcare and wellbeing products are yet to catch a steeply rising curve.
Compression Garments Market by Geography
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