Global Compression Sleeves Market Size Forecast 2024 - 2033
23 Dec, 2024
What Is The Overview Of The Global Compression Sleeves Market?
Compression sleeves are garments made of stretchy and elastic materials worn on various body parts to provide graduated compression. These sleeves are designed to exert pressure on the limbs or joints, promoting better circulation, reducing swelling, and supporting muscles and joints during physical activity.
Compression Sleeves Global Market Report 2024 provides data on the global compression sleeves market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The compression sleeves market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.
What Are The Estimated Market Size And Expected Annual Growth Rates For Global Compression Sleeves?
The compression sleeves market has grown steadily, expanding from $1.22 billion in 2023 to $1.29 billion in 2024 at a CAGR of 6.4%. Historical growth drivers include injury prevention, medical rehabilitation, enhancement of athletic performance, and the appeal of fashion and style. The market is projected to grow further, reaching $1.68 billion in 2028 at a CAGR of 6.8%. This growth is fueled by rising fitness awareness, an aging population, and increased customization. Key trends include the integration of smart technologies, a focus on sustainability, and entry into new market segments.
What Are The Leading Drivers Of Growth In The Compression Sleeves Market?
The rising occurrence of deep vein thrombosis (DVT) is contributing to the growth of the compression sleeves market. DVT is a condition where blood clots form in deep veins, typically in the legs, and its prevalence is rising due to lifestyle factors and medical conditions. Compression sleeves help manage DVT by improving blood flow, reducing pain and swelling, and lowering the risk of clots. According to Nuffield Trust Limited, the incidence of DVT increased from 352 to 377 cases per 100,000 hospital discharges in the UK between 2021 and 2022. Consequently, the increasing prevalence of DVT is expected to drive the growth of the compression sleeves market.
Get Your Free Sample of the Global Compression Sleeves Market ReportHow Are The Segments Defined Within The Global Compression Sleeves Market?
The compression sleeves market covered in this report is segmented –
1) By Product: Arm Compression Sleeves, Bandages, Leg Compression Sleeves, Other Products
2) By Technique: Static, Dynamic
3) By Distribution Channel: Hospital Pharmacies, Retail Pharmacies, Online Sales, Hypermarkets
4) By Application: Varicose Veins, Wound Care, Burns, Oncology, Oher Applications
How Are New Trends Expected To Influence The Growth Of The Compression Sleeves Market?
Companies in the compression bandage market are innovating products like mini compression bandages to provide better wound care and medical compression therapy. Mini compression bandages are compact and versatile, designed to control bleeding in minor to moderate trauma cases. For instance, in February 2021, H&H Medical Corporation, a US-based manufacturer of critical trauma care products, introduced the Mini 2x Gauze Compression bandage. This product combines gauze for wound packing with a compression bandage, providing a compact, effective solution for bleeding control. It is sterile, single-use, and ideal for on-the-go trauma response.
Which Region Drives The Highest Growth In The Compression Sleeves Market?
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.