Industry Background:
The global medical compression garments market is expected to witness high growth in the forecasted period due to rising aging populations, growing age-related muscular problems. Compression based garments are mostly used by physicians for treating some specific ailments. The compression garments provide instant relief from muscle pain and help in repairing any torn tissue.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
High Growth Market | Asia Pacific |
Unit | Value (USD Million) |
Key Companies Profiled | 3M (United States), BSN Medical (Germany), Covidien (Medtronic) (Ireland), medi GmBH & Co KG (Germany), SIGVARIS (United States), Therafirm (United States), 2XU Pty. Ltd. (United States), Santemol Group Medikal (Turkey), Leonisa, Inc. (Georgia), Nouvelle, Inc. (United States) and Medical Z (United States) |
According to AMA, the market for Medical Compression Garments is expected to register a CAGR of 9.1% during the forecast period to 2030. This growth is primarily driven by The Growing Healthcare Industry and Rising Demand due to Use in lymphedema.
Globally, a noticeable market trend is evident High Growth in Fitness and Sports Industry
The Health Care Facilities sector in the North America region has been increasing at a sustainable rate, and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as 3M (United States), BSN Medical (Germany), Covidien (Medtronic) (Ireland), medi GmBH & Co KG (Germany), SIGVARIS (United States), Therafirm (United States), 2XU Pty. Ltd. (United States), Santemol Group Medikal (Turkey), Leonisa, Inc. (Georgia), Nouvelle, Inc. (United States) and Medical Z (United States), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years. Leading key players are focusing on strategic partnerships to improve their products and services. Companies are focusing on increasing their client base to strengthen market position and to enhance product & service offerings.
Key Developments in the Market:
In September 2023 – AIROS Medical, Inc., a medical technology manufacturer and designer specializing in compression therapy devices announced the launch of the AIROS 6P sequential compression device and pants-like compression garments that treat abdominal, pelvic, and leg swelling. The company launched the AIROS 8P sequential compression device and similar garments earlier this year.
In January 2023, The Marena Group, a renowned global player in post-surgical compression garments and shapewear, introduced the Female Curves Bodysuit tailored for women with naturally curvy body types. It aims to complement body sculpting procedures like liposuction and provide additional enhancement to their curves.
Influencing Trend:
High Growth in Fitness and Sports Industry and Growing Demand from Emerging MArket
Market Growth Drivers:
The Growing Healthcare Industry and Rising Demand due to Use in lymphedema
Challenges:
The Concern Related to The Comfortness
Restraints:
High Price Related to the Medical Compression Garments
Opportunities:
The High Demand due to Innovation of New Products and Materials and Technological Innovations in the Products
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Medical Compression Garments Market
- Analysis about New Entrants in Medical Compression Garments Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Medical Compression Garments Study Sheds Light on
The Medical Compression Garments Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Medical Compression Garments industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Medical Compression Garments industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.