Compression Garments Market - Global Outlook and Forecast 2020-2025

Compression Garments Market - Global Outlook and Forecast 2020-2025

In-depth Analysis and Data-driven Insights on the Impact of COVID-19 Included in this Global Compression Garments Market Report

The compression garments market by revenue is expected to grow at a CAGR of 5% during the period 2019–2025.

The global compression garments market landscape is majorly driven by increased application in healthcare and sports end-users and the popularity of slimming practices among male and female consumers. The growth in per capita disposable income has increased discretionary spending, which bodes well for the manufacturers. An increase in disposable income and discretionary spending allow vendors to maintain their price points of compression garments and increase the probability of repeat purchases. The global demand for premium products influences the emergence of new production facilities in Asian countries, mainly in China, Vietnam, Thailand, Bangladesh, and India. It offers compression garments at lower prices than those in global markets.

The following factors are likely to contribute to the growth of the compression garments market during the forecast period:
Emergence of Pneumatic and Dynamic Compression Therapy
Stem Cell Therapy for Wound Healing and Lymphedema
Adoption in Wound Healing & Therapeutic Care

The study considers the present scenario of the compression garments market and its market dynamics for the period 2019−2025. It covers a detailed overview of several market growth enablers, restraints, and trends. The report offers both the demand and supply aspects of the market. It profiles and examines leading companies and other prominent ones operating in the market.

Global Compression Garments Market Segmentation
The global compression garments market research report includes a detailed segmentation of the segments gender, type, distribution channel, application, compression delivery, geography. The adoption of sports and pneumatic compression devices in non-hospital settings is higher among males than females. This can be attributed to the general statistical and demographical factor that a higher number of men engaged in sports and fitness, public and private services, and non-female specialty hospitals and clinics. Europe leads the male segment with a revenue share of 34%, which is closely followed by North America, with a revenue share of 29%.

The demand for compression garments among professional athletes has always been high, and the segment is one of the key drivers for the global compression garments market. Athletes and professionals in the sports and fitness segment account for recurring revenue opportunities. The growth in the health-conscious population is prompting individuals to join fitness clubs. Therefore, the growing market for fitness clubs is expected to drive the growth of the market.

The abdomen and torso segment led the market with a revenue share of over 32% in 2019. Abdomen and torso compression garments have applications in sports, healthcare, and body slimming. One of the most common applications is in post-partum and post-aesthetic surgeries, which help enhance the body's appearance. The legs type segment accounted for the second-highest revenue share of 28% in 2019. Leg type compression garments are expected to grow at a CAGR of over 5%. As there is an increase in the number of childbirths, especially in developing countries, there is an increasing focus on post-delivery recoveries, increasing demand for compression garments. The increased availability of high-quality compression garments is expected to increase revenue prospects for the abdomen and torso segment.

The pharmacy & offline retail compression garments segment is expected to reach over $2 billion by 2025. Europe led the market in 2019. However, APAC is expected to grow at the fastest CAGR by 2025. Pharmacy stores have a high share of post-operational, injury recovery, and therapeutic garments, whereas offline stores have a high share of slimming suits. Healthcare centers are the preferred choice for healthcare-related medical compression garments, pharmacy, and offline retail outlets to repeat purchases. Professional sportspeople, athletes, and astronauts are the major end-users of pharmacy and offline retail outlets.

The elastic segment account for the largest revenue shares in 2019. The major key reasons for the high revenue share and sale of elastic compression garments are easy availability and lower price range. Another key use of elastic compression garments, underpinning their higher adoption is injury prevention, pain management, and post-op recovery phases.

Gender
Male
Female
Type
Abdomen and Torso
Legs
Joint Support
Underwear
Face, Arms, and Shoulder
Distribution Channel
Pharmacy and Offline Retail
Healthcare Centers
Online
Compression Delivery
Elastic
Pneumatic
Application
Healthcare
Sports
Slimwear

INSIGHTS BY GEOGRAPHY
The Europe compression garments market is expected to reach $1.1 billion during the forecast period. The demand and sales of compression garments are likely to increase on account of a large patient pool with surgeries, wounds, pregnancies, sports injuries, and the aging population's presence along with the emergence of a large consumer base with diabetes, obesity, and lymphedema. The market in Europe is competitive and almost saturated. Declining birth and fertility rates and negligible product innovations can make the market competitive for abdominal binders and face, arm, and shoulders. However, the increasing awareness of these garments among women and the booming healthcare and general wellbeing specialty pharmacy stores are expected to drive the market. The UK, France, Germany, Italy, and Spain are the major countries for compression garments in the region.

By Geography
North America
US
Canada
Europe
Germany
France
UK
Italy
Spain
APAC
Japan
China
Australia
South Korea
India
Latin America
Brazil
Mexico
Argentina
Middle East & Africa
Turkey
South Africa

INSIGHTS BY VENDORS
The global compression garments market is witnessing consolidation, with several vendors focusing on domestic brands' acquisition to strengthen the product portfolio. With the help of acquisitions, vendors are also trying to reduce market competition. The emergence of independent brands with different product portfolios rather than traditional ones have garnered global players' attention, thereby triggering acquisitions. The market is highly competitive, with most players competing to gain a greater market share. The competition has intensified with several vendors selling the same products with limited product differentiation at the regional level.

Prominent Vendors
Bauerfeind
3M
Macom Enterprises
Bioflect Medical Group
Leonisa
LIPOELASTIC
Cosmac Healthcare
Lohmann and Rauscher
Wear Ease
Peninsula BioMedical
Medi
LympheDIVAs
Juzo
Contemporary Design
Medico International
The Marena Group
Essity
Professional Products (PPI)
Tricolast
Ascent Meditech
Hyperice
AIROS Medical
Medtronic
SIGVARIS
Knit-Rite
2XU
Santemol Group Medikal
Nouvelle
Medical Z
DJO
ARJO
McKesson
Julius Zorn (Juzo)
SPANX
Bio Compression Systems
Gottfried Medical
Spectrum Healthcare
Aeroflow Healthcare
AMERX Health Care
Tynor
Sun Scientific
ACI Medical
Tactile Medical
MaxiMed
ThermoTek
Nike
Under Armour
Adidas
New Balance
ASICS

KEY QUESTIONS ANSWERED
1. What is the compression garments market size and growth rate during the forecast period?
2. What are the factors affecting the growth of the compression garments market share?
3. What is the growth of APAC compression garments market during the forecast period?
4. Who are the leading vendors in the compression garments market?


1 Research Methodology
2 Research Objectives
3 Research Process
4 Scope & Coverage
4.1 Market Definition
4.1.1 Inclusions
4.1.2 Exclusions
4.2 Base Year
4.3 Scope of the Study
4.3.1 Market Segmentation by Gender
4.3.2 Market Segmentation by Application
4.3.3 Market Segmentation by Type
4.3.4 Market Segmentation by Distribution
4.3.5 Market Segmentation by Compression Delivery
4.3.6 Market Segmentation by Geography
5 Report Assumptions & Caveats
5.1 Key Caveats
5.2 Currency Conversion
5.3 Market Derivation
6 Market at a Glance
7 Introduction
7.1 Overview
7.2 COVID-19 Impact
8 Market Opportunities & Trends
8.1 Emergence of Pneumatic and Dynamic Compression Therapy
8.2 Stem Cell Therapy for Wound Healing and Lymphedema
9 Market Growth Enablers
9.1 Growing Demand among Diabetic and Obese Consumers
9.2 Adoption in Wound Healing & Therapeutic Care
9.3 Rising Number of Cosmetic and Breast Augmentation Surgeries
10 Market Restraints
10.1 High Prices and Consumer Unwillingness
10.2 Shortage of Resources for Better Treatment
10.3 Large Undiagnosed Patient Pool
11 Market Landscape
11.1 Market Size & Forecast
11.2 Five Forces Analysis
11.2.1 Threat of New Entrants
11.2.2 Bargaining Power of Suppliers
11.2.3 Bargaining Power of Buyers
11.2.4 Threat of Substitutes
11.2.5 Competitive Rivalry
12 Compression Garments Market by Gender
12.1 Snapshot & Growth Engine
12.2 Overview
12.3 Female
12.3.1 Size & Forecast
12.3.2 By Geography
12.4 Male
12.4.1 Size & Forecast
12.4.2 By Geography
13 Compression Garments Market by Application
13.1 Snapshot & Growth Engine
13.2 Overview
13.3 Sports
13.3.1 Size & Forecast
13.3.2 By Geography
13.4 Healthcare
13.4.1 Size & Forecast
13.4.2 By Geography
13.5 Slimwear
13.5.1 Size & Forecast
13.5.2 By Geography
14 Compression Garments Market by Type
14.1 Snapshot & Growth Engine
14.2 Overview
14.3 Abdomen & Torso
14.3.1 Size & Forecast
14.3.2 By Geography
14.4 Legs
14.4.1 Size & Forecast
14.4.2 By Geography
14.5 Joint Support
14.5.1 Size & Forecast
14.5.2 By Geography
14.6 Underwear
14.6.1 Size & Forecast
14.6.2 By Geography
14.7 Face, Arm, & Shoulder
14.7.1 Size & Forecast
14.7.2 By Geography
15 Compression Garments Market by Distribution Channel
15.1 Snapshot & Growth Engine
15.2 Overview
15.3 Pharmacy & Offline Retail
15.3.1 Size & Forecast
15.3.2 By Geography
15.4 Healthcare Centers
15.4.1 Size & Forecast
15.4.2 By Geography
15.5 Online
15.5.1 Size & Forecast
15.5.2 By Geography
16 Compression Garments Market by Compression Delivery
16.1 Snapshot & Growth Engine
16.2 Overview
16.3 Elastic
16.3.1 Size & Forecast
16.3.2 By Geography
16.4 Pneumatic
16.4.1 Size & Forecast
16.4.2 By Geography
17 Compression Garments Market by Geography
17.1 Snapshot & Growth Engine
17.2 Geographic Overview
18 Europe
18.1 Market Highlights
18.2 Size & Forecast
18.3 Gender
18.3.1 Size & Forecast
18.4 Application
18.4.1 Size & Forecast
18.5 Type
18.5.1 Size & Forecast
18.6 Distribution Channel
18.6.1 Size & Forecast
18.7 Compression Delivery
18.7.1 Size & Forecast
18.8 Key Countries
18.8.1 Germany: Compression Garments Market Size & Forecast
18.8.2 France: Size & Forecast
18.8.3 UK: Compression Garments Market Size & Forecast
18.8.4 Italy: Size & Forecast
18.8.5 Spain: Compression Garments Market Size & Forecast
19 North America
19.1 Market Highlights
19.2 Size & Forecast
19.3 Gender
19.3.1 Size & Forecast
19.4 Application
19.4.1 Size & Forecast
19.5 Type
19.5.1 Size & Forecast
19.6 Distribution Channel
19.6.1 Size & Forecast
19.7 Compression Delivery
19.7.1 Size & Forecast
19.8 Key Countries
19.8.1 US: Compression Garments Market Size & Forecast
19.8.2 Canada: Size & Forecast
20 APAC
20.1 Highlights
20.2 Size & Forecast
20.3 Gender
20.3.1 Size & Forecast
20.4 Application
20.4.1 Size & Forecast
20.5 Type
20.5.1 Size & Forecast
20.6 Distribution Channel
20.6.1 Size & Forecast
20.7 Compression Delivery
20.7.1 Size & Forecast
20.8 Key Countries
20.8.1 China: Compression Garments Market Size & Forecast
20.8.2 Japan: Size & Forecast
20.8.3 South Korea: Compression Garments Market Size & Forecast
20.8.4 Australia: Size & Forecast
20.8.5 India: Compression Garments Market Size & Forecast
21 Latin America
21.1 Market Highlights
21.2 Size & Forecast
21.3 Gender
21.3.1 Size & Forecast
21.4 Application
21.4.1 Size & Forecast
21.5 Type
21.5.1 Size & Forecast
21.6 Distribution Channel
21.6.1 Size & Forecast
21.7 Compression Delivery
21.7.1 Size & Forecast
21.8 Key Countries
21.8.1 Brazil: Compression Garments Market Size & Forecast
21.8.2 Mexico: Size & Forecast
21.8.3 Argentina: Compression Garments Market Size & Forecast
22 Middle East & Africa
22.1 Market Highlights
22.2 Size & Forecast
22.3 Gender
22.3.1 Size & Forecast
22.4 Application
22.4.1 Size & Forecast
22.5 Type
22.5.1 Size & Forecast
22.6 Distribution Channel
22.6.1 Size & Forecast
22.7 Compression Delivery
22.7.1 Size & Forecast
22.8 Key Countries
22.8.1 Turkey: Compression Garments Market Size & Forecast
22.8.2 South Africa: Size & Forecast
23 Competitive Landscape
23.1 Competition Overview
24 Prominent Vendors
24.1 Bauerfeind
24.1.1 Business Overview
24.1.2 Product Offerings
24.2 3M
24.2.1 Business Overview
24.2.2 Product Offerings
24.3 Macom Enterprises
24.3.1 Business Overview
24.3.2 Product Offerings
24.4 Bioflect Medical
24.4.1 Business Overview
24.4.2 Product Offerings
24.5 Leonisa
24.5.1 Business Overview
24.5.2 Product Offerings
24.6 Lipoelastic
24.6.1 Business Overview
24.6.2 Product Offerings
24.7 Cosmac Healthcare
24.7.1 Business Overview
24.7.2 Product Offerings
24.8 Lohmann & Rauscher
24.8.1 Business Overview
24.8.2 Product Offerings
24.9 Wear Ease
24.9.1 Business Overview
24.9.2 Product Offerings
24.10 Peninsula Biomedical
24.10.1 Business Overview
24.10.2 Product Offerings
24.11 Medi
24.11.1 Business Overview
24.11.2 Product Offerings
24.12 Lymphedivas
24.12.1 Business Overview
24.12.2 Product Offerings
24.13 Juzo
24.13.1 Business Overview
24.13.2 Product Offerings
24.14 Contemporary Design
24.14.1 Business Overview
24.14.2 Product Offerings
24.15 Medico International
24.15.1 Business Overview
24.15.2 Product Offerings
24.16 The Marena Group
24.16.1 Business Overview
24.16.2 Product Offerings
24.17 Essity
24.17.1 Business Overview
24.17.2 Product Offerings
24.18 Professional Products (PPI)
24.18.1 Business Overview
24.18.2 Product Offerings
24.19 Tricolast
24.19.1 Business Overview
24.19.2 Product Offerings
24.20 Ascent Meditech
24.20.1 Business Overview
24.20.2 Product Offerings
24.21 Hyperice
24.21.1 Business Overview
24.21.2 Product Offerings
24.22 Airos Medical
24.22.1 Business Overview
24.22.2 Product Offerings
24.23 Medtronic
24.23.1 Business Overview
24.23.2 Product Offerings
24.24 Sigvaris
24.24.1 Business Overview
24.24.2 Product Offerings
24.25 Knit-Rite
24.25.1 Business Overview
24.25.2 Product Offerings
24.26 2XU
24.26.1 Business Overview
24.26.2 Product Offerings
24.27 Santemol Group Medikal
24.27.1 Business Overview
24.27.2 Product Offerings
24.28 Nouvelle
24.28.1 Business Overview
24.28.2 Product Offerings
24.29 Medical Z
24.29.1 Business Overview
24.29.2 Product Offerings
24.30 DJO
24.30.1 Business Overview
24.30.2 Product Offerings
24.31 ARJO
24.31.1 Business Overview
24.31.2 Product Offerings
24.32 Mckesson
24.32.1 Business Overview
24.32.2 Product Offerings
24.33 Julius Zorn
24.33.1 Business Overview
24.33.2 Product Offerings
24.34 Spanx
24.34.1 Business Overview
24.34.2 Product Offerings
24.35 Bio Compression Systems
24.35.1 Business Overview
24.35.2 Product Offerings
24.36 Gottfried Medical
24.36.1 Business Overview
24.36.2 Product Offerings
24.37 Spectrum Healthcare
24.37.1 Business Overview
24.37.2 Product Offerings
24.38 Aeroflow Healthcare
24.38.1 Business Overview
24.38.2 Product Offerings
24.39 Amerx Health Care
24.39.1 Business Overview
24.39.2 Product Offerings
24.40 Tynor
24.40.1 Business Overview
24.40.2 Product Offerings
24.41 Sun Scientific
24.41.1 Business Overview
24.41.2 Product Offerings
24.42 ACI Medical
24.42.1 Business Overview
24.42.2 Product Offerings
24.43 Tactile Medical
24.43.1 Business Overview
24.43.2 Product Offerings
24.44 Maximed
24.44.1 Business Overview
24.44.2 Product Offerings
24.45 Thermotek
24.45.1 Business Overview
24.45.2 Product Offerings
24.46 Nike
24.46.1 Business Overview
24.46.2 Product Offerings
24.47 Under Armour
24.47.1 Business Overview
24.47.2 Product Offerings
24.48 Adidas
24.48.1 Business Overview
24.48.2 Product Offerings
24.49 New Balance
24.49.1 Business Overview
24.49.2 Product Offerings
24.50 Asics
24.50.1 Business Overview
24.50.2 Product Offerings
25 Report Summary
25.1 Key Takeaways
25.2 Strategic Recommendations
26 Quantitative Summary
26.1 Market by Geography
26.2 Europe
26.2.1 Gender
26.2.2 Application
26.2.3 Type
26.2.4 Distribution Channel
26.2.5 Compression Delivery
26.3 North America
26.3.1 Gender
26.3.2 Application
26.3.3 Type
26.3.4 Distribution Channel
26.3.5 Compression Delivery
26.4 APAC
26.4.1 Gender
26.4.2 Application
26.4.3 Type
26.4.4 Distribution Channel
26.4.5 Compression Delivery
26.5 Latin America
26.5.1 Gender
26.5.2 Application
26.5.3 Type
26.5.4 Distribution Channel
26.5.5 Compression Delivery
26.6 Middle East & Africa
26.6.1 Gender
26.6.2 Application
26.6.3 Type
26.6.4 Distribution Channel
26.6.5 Compression Delivery
26.7 Gender
26.8 Application
26.9 Type
26.1 Distribution Channel
26.11 Compression Delivery
27 Appendix
27.1 Abbreviations

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