The compression sleeves market size is expected to see strong growth in the next few years. It will grow to $1.68 billion in 2028 at a compound annual growth rate (CAGR) of 6.8%. The projected growth in the forecast period can be attributed to increasing awareness about the benefits of compression sleeves, a rising trend towards fitness consciousness, and the aging population's need for support garments. Major trends expected in the forecast period encompass customization and personalization options to cater to individual needs, integration of smart technologies to enhance functionality and user experience, a growing emphasis on sustainability in manufacturing processes and materials, and expansion into new markets to reach broader demographics.
The escalating prevalence of deep vein thrombosis (DVT) is anticipated to propel the expansion of the compression sleeves market in the foreseeable future. DVT, characterized by the formation of blood clots in deep veins, predominantly in the legs, is on the rise due to multifaceted factors encompassing lifestyle choices, medical conditions, genetic predispositions, and environmental influences. Compression sleeves emerge as instrumental tools in managing DVT by enhancing blood circulation, alleviating pain and swelling in the legs, and mitigating the risk of blood clot formation. Notably, in August 2023, Nuffield Trust Limited, a UK-based governmental organization, reported a notable surge in DVT incidence, recording 352 cases per 100,000 hospital discharges in 2021, escalating to 377 per 100,000 hospital discharges in 2022. Similarly, in Australia, DVT alone (without concomitant PE) affects 52 individuals per 100,000 annually, underscoring the driving force behind the growth of the compression sleeves market.
Prominent players in the compression sleeves market are strategically focused on developing innovative products such as Trailblazer calf sleeves to cater to customers' evolving needs with enhanced functionalities. Trailblazer calf sleeves stand out for their ability to stimulate blood flow, expedite recovery, and incorporate advanced features such as anti-odor technology, moisture-wicking properties, and abrasion resistance. For instance, in December 2021, BioSkin, a US-based medical equipment manufacturer, introduced the Trailblazer calf sleeves, engineered to deliver pain-relieving compression to lower leg muscles, tendons, and ligaments while promoting blood flow and accelerating recovery. Crafted from medical-grade compression material, these sleeves are meticulously designed to optimize recovery and performance, featuring a double layer of smooth Italian warp-knit fabric with exceptional stretchability to flex with lower leg muscles, providing targeted compression to alleviate discomfort effectively.
In July 2022, Enovis, a US-based healthcare technology enterprise, finalized the acquisition of Insight Medical Systems for an undisclosed sum. This strategic move by Enovis aims to elevate patient outcomes by integrating next-generation augmented reality surgical guidance technology into Enovis' orthopedic surgery procedures. Insight Medical Systems, based in the US, is renowned for manufacturing various healthcare products, including compression sleeves, aligning with Enovis' strategic objectives of advancing surgical practices and patient care.
Major companies operating in the compression sleeves market are Nike Inc., Adidas AG, Medi USA, Zensah, 2XU Pty. Ltd., Mueller Sports Medicine, Vive Health, Sigvaris Group, CEP Compression, Rehband, Copper Fit, Mava Sports, Zamst, Vitalsox, Under Armour, Tommie Copper, Therafirm, SKINS Compression, Shock Doctor Inc., Run Forever Sports, Pro-Tec Athletics, OS1st, Orthosleeve, Mojo Compression, McDavid, EvoShield, CW-X.
North America was the largest region in the compression sleeves market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the compression sleeves market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The countries covered in the compression sleeves market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Compression sleeves are garments crafted from stretchy and elastic materials, intended to be worn on different body parts to administer graduated compression. These sleeves are engineered to apply pressure to the limbs or joints, fostering improved circulation, minimizing swelling, and providing support to muscles and joints during physical activities.
The primary product types of compression sleeves include arm compression sleeves, bandages, leg compression sleeves, and others. Arm compression sleeves are garments worn on the arms to provide support and compression, commonly used in sports or for medical purposes. These sleeves employ various techniques such as static and dynamic compression and are distributed through various channels such as hospital pharmacies, retail pharmacies, online sales, and hypermarkets. They find applications in various medical scenarios such as varicose veins, wound care, burns, oncology, among others.
The compression sleeves market research report is one of a series of new reports that provides compression sleeves market statistics, including compression sleeves industry global market size, regional shares, competitors with a compression sleeves market share, detailed compression sleeves market segments, market trends and opportunities, and any further data you may need to thrive in the compression sleeves industry. This compression sleeves market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The compression sleeves market consists of sales of athletic compression sleeves, post-surgical compression sleeves, and lymphedema compression sleeves. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
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Table of Contents
Executive Summary
Compression Sleeves Global Market Report 2024 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on compression sleeves market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
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Description
Where is the largest and fastest growing market for compression sleeves? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The compression sleeves market global report answers all these questions and many more.The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
- The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
- The impact of higher inflation in many countries and the resulting spike in interest rates.
- The continued but declining impact of COVID-19 on supply chains and consumption patterns.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Scope
Markets Covered:
1) by Product: Arm Compression Sleeves; Bandages; Leg Compression Sleeves; Other Products2) by Technique: Static; Dynamic
3) by Distribution Channel: Hospital Pharmacies; Retail Pharmacies; Online Sales; Hypermarkets
4) by Application: Varicose Veins; Wound Care; Burns; Oncology; Other Applications
Key Companies Mentioned: Nike Inc; Adidas AG; Medi USA; Zensah; 2XU Pty. Ltd.
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita.
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery Format: PDF, Word and Excel Data Dashboard.
Companies Mentioned
- Nike Inc
- Adidas AG
- Medi USA
- Zensah
- 2XU Pty. Ltd
- Mueller Sports Medicine
- Vive Health
- Sigvaris Group
- CEP Compression
- Rehband
- Copper Fit
- Mava Sports
- Zamst
- Vitalsox
- Under Armour
- Tommie Copper
- Therafirm
- SKINS Compression
- Shock Doctor Inc
- Run Forever Sports
- Pro-Tec Athletics
- OS1st
- Orthosleeve
- Mojo Compression
- McDavid
- EvoShield
- CW-X
Methodology
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Table Information
Report Attribute | Details |
---|---|
No. of Pages | 175 |
Published | May 2024 |
Forecast Period | 2024 - 2028 |
Estimated Market Value ( USD | $ 1.29 Billion |
Forecasted Market Value ( USD | $ 1.68 Billion |
Compound Annual Growth Rate | 6.8% |
Regions Covered | Global |
No. of Companies Mentioned | 27 |