Compression Garments Market Size, Share, Growth, Trend, Demand, Top Players, Opportunities and Forecast to 2025
Category: #business  By Partha Ray  Date: 2020-07-02
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Compression Garments Market Size, Share, Growth, Trend, Demand, Top Players, Opportunities and Forecast to 2025

As per the report titled ‘Global Compression Garments Market a Analysis By Product Type, By End User, By Region, By Country (2020 Edition): Market Insights, COVID-19 Impact, Competition and Forecast (2020-2025)’, available with Market Study Report LLC, global compression garments market was valued at USD 2429.66 million in the year 2019, and is expected to record remunerative growth over 2020-2025.

Increasing geriatric population and shifting focus of manufacturers on providing modern textile technology in products with superior quality and high demand for customized compression are expected to catalyze the market scenario in the subsequent years.

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Based on product terrain, lower compression garments segment is expected to hold a substantial fraction of the market in the coming years owing to increasing cases of lymphedema, varicose veins, swelling, deep vein thrombosis socks and stockings edema, venous insufficiency, and leg discomfort, along with the companies trying to expand their product range to suffice the surging customer demands.

Based on end-user spectrum, clinics segment is expected to capture commendable gains in the ensuing years, followed by others and ambulatory surgical centers segment. The report cites that due to widespread adoption of cosmetic surgeries coupled with rising cases of breast cancer are anticipated to boost the growth of global compression garments market. Additionally, growing partnerships between manufacturers and surgeons, clinics, doctors, and hospitals to understand consumer requirements and provide them the desired product is further expected to enhance the market scenario.

Geographically, North America is anticipated to lead the market share owing to presence of market majors, and rising awareness among athletes about the benefits provided by compression garments. Additionally, increased popularity of customized compression garments among consumers is likely to influence the market scenario. Meanwhile, Europe and Asia-Pacific region are also expected to contribute substantially to the market growth.

Major companies operating in global compression garments market are Nuavella, 3M, Medi GmbH & Co. KG, Design Veronique, Medtronic PLC, Therafirm, Marena Group, Medico International Inc., and Julius Zorn GmbH among others.

Questions & Answers: Global Compression Garments Market

Q1: What are the key growth drivers of global compression garments market?

ANSWER: Increasing geriatric population and shifting focus of manufacturers on providing modern textile technology in products with superior quality and customized compression garments to match the demands of the consumers are driving the market growth.

Q2: Why is clinics segment expected to dominate the market share of global compression garments market?

ANSWER: Due to widespread adoption of cosmetic surgeries coupled with rising cases of breast cancerclinics segment is expected to dominate the market share.

Q3: Which companies formulate the competitive terrain of global compression garments market?

ANSWER: Nuavella, 3M, Medi GmbH & Co. KG, Medico International Inc., Design Veronique, Medtronic PLC, and Therafirm formulate the competitive terrain of global compression garments market.

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About Author

Partha Ray    

Partha Ray

Partha is into digital marketing since the last 3 years and has worked on multiple projects across various industries. An Computer Science engineer by education, he has prior experience in software development. His other interests include playing cricket & Hockey.

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