Compression Garments and Stockings Market Rises at 6.5% CAGR | Globally Expected to Drive Growth [+Net Income] | 2022-2031
Pune, Maharashtra, India, September 16 2022 (Wiredrelease) Prudour Pvt. Ltd –:Compression garments and stockings are designed to apply pressure to your legs and feet. The amount of pressure is determined by the amount of compression desired. Depending on your needs, you may choose from a variety of compression levels. Compression garments can be used to treat conditions such as edema, venous insufficiency, lymphedema, and deep vein thrombosis. They can also be worn after surgery to help reduce swelling.
The global compression garments and stockings market is expected to grow from USD 1.9 billion in 2019 to USD 2.5 billion by 2024, at a compound annual growth rate (CAGR) of 6.5%. The increase in the prevalence of chronic venous diseases, the rising geriatric population, and the growing awareness about the benefits of compression garments are the major factors driving the growth of this market.
Global Compression Garments & Stockings Market Drivers
Over the forecast period, the market for compression garments/stockings in the global market is expected to grow due to the increasing prevalence of varicose. According to the American Vein and Lymphatic Society in 2019, more than 40 million Americans have varicose.
Additionally, the market will grow due to an increasing number of orthopedic surgery. According to American Academy of Orthopedic Surgeons in the U.S., primary total joint and primary total knee replacements are expected to rise by 171% and 189% respectively by 2030. That’s a total of 635,000 and 1.28 Million procedures.
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Restraints/Challenges
The increased cost of garments, stockings, and strict manufacturing rules are projected to further hinder growth in the market for compression garments. However, there may be a problem with the availability of replacement therapies or design restrictions that could limit the growth of compression garments and stockings markets in the future.
The researchers compile the necessary information that enlightens the CXOs about the current growth opportunities in a specific market and enables them to make the most of the opportunities. Specially, while talking about a major shift during the pandemic period, COVID-19 has been a terrible global public-health crisis that has affected nearly every industry. The industry’s growth will slow down in the future. Our ongoing research allows us to include COVID-19 topics in our research framework. The report provides insight into COVID-19, including changes in consumer behavior and buying patterns, rerouting and dynamics of current market forces and government intervention. The COVID-19 market impact is being examined, estimated, forecasted, and analyzed in the most recent study.
Key Benefits
– This study will provide an in-depth analysis of the global “Compression Garments and Stockings” market, current and future trends to help investors understand the potential investment opportunities.
– You will find information on the market’s key drivers, their limitations and potential impacts, as well as the impact of these factors on Compression Garments and Stockings market size.
– Porter’s Five Forces Analysis illustrates the potential of buyers and suppliers in the industry.
– To determine market potential, a quantitative analysis of the market from 2016-2022 is performed.
Competitive Strategy
To improve their market position on the global Compression Garments and Stockings marketplace, key players now focus on product innovations, mergers/acquisitions, recent developments and joint ventures, collaborations, and partnerships. Market players compete based on product quality. This market is dominated by major players who invest in R&D, manufacturing, and infrastructure development. They also look to integrate opportunities across the value chain.
Key Takeaways from the Competitive Landscape Section:
* A comprehensive overview of the profiles of each company of interest
* Participation in revenue share
* Analysis of each key player’s industrial chains
* Business growth strategies mastered by top market players
Key players operating in the global Compression Garments and Stockings market are:
3M
BSN
Covidien
medi
SIGVARIS
Therafirm
2XU
Santemol
Leonisa
Nouvelle
Worldwide Compression Garments and Stockings Market Segmentation
Analysis by Product Type
Gradient Compression Stockings
Anti-Embolism Compression Stockings
Upper Compression Garments
Lower Compression Garments
Analysis by Applications Type
Varicose Vein
Wound Care
Burns
Oncology
Regional Segment Analysis of the Compression Garments and Stockings Market
– North America (U.S., Canada, Mexico)
– Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
– Asia-Pacific (China, Japan, India, Rest of APAC)
– South America (Brazil and the Rest of South America)
– The Middle East and Africa (UAE, South Africa, Rest of MEA)
To know more about the market opportunities by region and country, click here to Buy The Complete Report: https://market.us/purchase-report/?report_id=20122
Research Methodology by Market.us
Five phases will be used to conduct research on the keyword market. These include primary research as well as secondary research. Subject matter expert advice and quality control are also included. After gaining a better understanding of the requirements, secondary research was conducted to identify segment specifications, qualitative and quantitative data as well the factors driving the market growth. Secondary sources used in the study are press releases, annual reports from companies and research papers that relate to the industry.
For precise information on market expansion opportunities, data was also gathered from various sources, including trade journals, industry magazines, government websites and associations. Moreover, quantitative as well as qualitative data were also extracted from paid databases, which included Reuters, Faction, Bloomberg, One Source and Hoovers, which proved to be useful for in-depth technical study of the market.
This report answers the following 12 key questions
1. Is Compression Garments and Stockings a booming industry?
2. How big is the Compression Garments and Stockings market?
3. How fast is the Compression Garments and Stockings industry growing?
4. Who are the key players in Compression Garments and Stockings?
5. Which industry uses Compression Garments and Stockings the most?
6. What is the Compression Garments and Stockings market growth?
7. Which region held the largest arCompression Garments and Stockings market share?
8. What factors drive the Compression Garments and Stockings market?
9. What are the business risks and threats to the market?
10. What are the emerging trends in this market and the reasons behind them?
11. What are some changing demands of customers in the market?
12. What are the new developments in the market? Which companies are leading these developments?
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TOC Highlights:
Chapter 1 Preface
This segment provides opinions of key participants, an audit of Compression Garments and Stockings industry, market outlook across key regions, financial services, and various challenges faced by Compression Garments and Stockings market. It briefly introduces the global Compression Garments and Stockings market. This section depends on the Scope of the Study and Report Guidance.
Chapter 2 Executive Summary
It elaborated market outlook by segmentation in Compression Garments and Stockings market. In addition, it also represents the market snapshot covered in the report.
Chapter 3 Market Dynamics
This section comprises current market dynamics in the Compression Garments and Stockings market. Such as key driving factors, major opportunities areas, restraining factors, & recent trends in Compression Garments and Stockings market. It also includes SWOT analysis and Porter’s five force analysis. This help to identify the key growth factors and challenges in the Compression Garments and Stockings market.
Chapter 4 Global Compression Garments and Stockings market Analysis, Opportunity, and Forecast, 2016-2032
This chapter comprises the current scenario of the Global Compression Garments and Stockings market in 2021, including forecast estimation for 2023-2032.
Chapter 5 Geographic Analysis
This section has covered in-depth regional market share analysis and carefully scrutinized it to understand its current and future growth, development, and demand scenarios for this market.
Chapter 6 Covid-19 Impact
This section briefly describes the positive and negative impact of the COVID-19 Pandemic on the Global Compression Garments and Stockings Market.
Research Analysis and More Market Reports: https://www.einpresswire.com/market_us/
Chapter 7 Pricing Analysis
This chapter provides price point analysis by region and other forecasts.
Chapter 8 Competitive Landscape
It includes major players in the Compression Garments and Stockings market. Moreover, it also covers the detailed company shares analysis in the report based on their product’s demand, and market served, the number of products, applications, regional growth, and other factors.
Chapter 9 Research Methodology
The research methodology chapter includes the following main facts,
9.1 Coverage
9.2 Secondary Research
9.3 Primary Research
Chapter 10 Conclusion
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