Compression Garments and Stockings Global Market Report 2024

The compression garments and stockings market size has grown strongly in recent years. It will grow from $3.05 billion in 2023 to $3.24 billion in 2024 at a compound annual growth rate (CAGR) of 6.4%. The increase observed in the historical period can be attributed to advancements in medical applications, demographic shifts in the aging population, adoption by the sports and fitness industry, integration into fashion and style trends, and the fulfillment of medical and therapeutic needs.

The compression garments and stockings market size is expected to see strong growth in the next few years. It will grow to $4.03 billion in 2028 at a compound annual growth rate (CAGR) of 5.6%. The anticipated growth in the forecast period can be attributed to regulatory support and standardization, the expansion of online retail, the prevalence of athleisure and comfort wear trends, the integration of fashion and style, increasing awareness and educational initiatives, and the broadening scope of medical applications. Major trends expected in the forecast period involve ongoing regulatory support and standardization, the continuation of athleisure trends and the popularity of comfort wear, the growth of online retail and e-commerce, initiatives to raise awareness and educate consumers, and the continued integration of fashion and style.

The anticipated rise in obesity is expected to drive the growth of the compression garments and stockings market. Obesity, characterized by an unhealthy accumulation of body fat, is a prevalent medical condition affecting billions of adults and children globally. Compression garments play a crucial role in supporting individuals who are overweight or obese by providing relief from pain and discomfort, improving circulation, and reducing swelling and inflammation, common issues in this demographic. As reported by the World Heart Federation in March 2023, the current trend indicates that the number of people living with obesity will reach 2.7 billion by 2025. Consequently, the increasing incidence of obesity serves as a key factor propelling the expansion of the compression garments and stockings market.

The growing prevalence of chronic diseases is expected to contribute significantly to the market's growth. Chronic diseases, enduring medical conditions that progress slowly and persist over an extended period, impact the lives of millions globally. Compression garments and stockings play a vital role in improving the quality of life for individuals with chronic conditions such as venous insufficiency, chronic venous diseases, lymphedema, and circulation problems related to diabetes. These garments apply external pressure to enhance blood flow, reduce edema, and prevent blood pooling, crucial elements in managing chronic conditions and preventing complications. According to the World Health Organization in September 2022, the annual global death toll from non-communicable diseases (NCDs) or chronic diseases, including cardiovascular diseases, cancer, chronic respiratory diseases, and diabetes, is substantial. The rising prevalence of chronic diseases is thus a significant driver of the compression garments and stockings market.

The low adherence to stocking wear is expected to pose a challenge to market growth. Low adherence to wearing compression stockings occurs when individuals, for various reasons, do not consistently follow recommendations or instructions to wear such stockings. This lack of consistent adherence can impact the management of various medical disorders and compromise the effectiveness of compression garments and stockings. A study reported in July 2022 found that the adherence rate to compression therapy was 55.8%, with financial constraints, misinformation, and discomfort due to heat being the common reasons for not wearing stockings. Consequently, low adherence to stocking wear presents a hindrance to the growth of the compression garments and stockings market.

Major players in the market are strategically focusing on introducing medical-grade compression garments with innovative features to enhance their market position. For example, The Marena Group, a US-based manufacturing company, launched a lipedema compression garment featuring the innovative FlexFit Comfort Ankle, designed to promote enhanced blood circulation, lymphatic flow, and ankle flexibility. The garment was specifically crafted to support individuals recovering from lipedema reduction procedures, incorporating proprietary TriFlex Fabric for post-surgical recovery advantages.

In January 2021, Thuasne SAS, a France-based medical device company, acquired Knit-Rite Inc. Through this strategic move, Thuasne aimed to expand its presence in the United States and enter new market segments, including orthopedic prosthesis devices such as post-amputation prosthetic socks and prosthetic textile interfaces. Knit-Rite Inc., a US-based medical textiles company, specializes in manufacturing compression garments and stockings.

Major companies operating in the compression garments and stockings market report are 3M Company, BSN Medical Pvt. Ltd., Medi GmBH & Co. KG, SIGVARIS Group, Medical Z, Medtronic PLC, Paul Hartmann AG, Biocompression Systems, 2XU Pty Ltd., Smith & Nephew PLC, Lymphedivas, Narang Medical Limited, Sanyleg SRL, Santemol Group Medikal, Leonisa S.A., Creswell Sock Mills LLC, Spanx Inc., Julius Zorn GmbH, Comfort Plus Corporation, VIM & VIGR LLC, Tommie Copper Inc., Venosan, Tactile Medical, Design Veronique, Medico International Inc., Marena Group LLC, Therafirm LLC, Ann Chery Beauty Inc., Colfax Corp., Zensah Company.

North America was the largest region in the compression garments and stockings market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the compression garments and stockings market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa The countries covered in the compression garments and stockings market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The compression garments and stockings market consists of sales of anti-embolism stockings, post-surgical compression garments and stockings, athletic compression garments and stockings, flat-knit compression garments and stockings, and circular-knit compression garments and stockings. 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 primary products within compression garments and stockings include compression garments and compression stockings. Compression garments are snug, compressive forms of clothing constructed from materials such as elastin, nylon, or breathable fabrics. They are distributed through diverse channels, including hospitals, ambulatory surgical centers, clinics, online sales, and other healthcare facilities. These garments cater to various applications such as varicose veins, wound care, burns, oncology, and others.

The compression garments and stockings market research report is one of a series of new reports that provides compression garments and stockings market statistics, including compression garments and stockings industry global market size, regional shares, competitors with a compression garments and stockings market share, detailed compression garments and stockings market segments, market trends and opportunities, and any further data you may need to thrive in the compression garments and stockings industry. This compression garments and stockings 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 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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