Compression garments are skin-tight 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 utilized for treating lymphedema, venous hypertension, and venous ulcers to decrease edema and aid return of venous blood to the heart.
The growth of the diseases such as varicose veins and lymphedema conjoined with the overall growth of the healthcare industry, ever growing North America aging population which is affected by age-related muscular problems and the gradual rise of the fitness and sports industry are few drivers boosting the market worldwide. The demand for compression garments has risen since athletes prefer them to avoid injuries 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. Compression garments segment is expected to grow at fastest rate in the North America 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 North America market over the forecast period. Hospitals, ASC’s, clinics, online sales and other healthcare facilities are key end-users of the North America compression garments and stockings market. The hospital's segment dominated the market in terms of revenue in 2016.
By geography the market is segmented into Brazil, Chile, Argentina and others. Latin America is also anticipated to show significant growth for this market because of the increased burden of diseases.
Key players in the market include Leonisa, Inc., Medical Z, 2XU Pty. Ltd, 3M, BSN Medical, medi GmbH & Co KG, Nouvelle, Inc., Santemol Group Medical.
Market Segmentation: 1) Product Type Introduction Compression Garments Compression Stockings
2) Application Type Introduction Varicose Vein Wound Care Burns Oncology
Scope of the Report: • Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped • Segment-level analysis in terms product type By Application market size forecasts and estimations to detect key areas of industry growth in detail • Identification of key drivers, restraints, opportunities and challenges (DROC) in the market and their impact on shifting market dynamics • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis • Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analyzing the level of competition and business strategy development • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
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