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Compression garments are elastic garments and are tight-fitting that apply graduated pressure to specific areas of the body in order to maintain continuous blood circulation across the veins by increasing vascular resistance and decreasing peripheral swelling. They are intended to promote and help restore fluid circulation. The rising number of cases for varicose veins is likely to add boost to the sales growth of the global compression garments and stockings market during the forecast period set between 2021 and 2031.
The compression garments and stockings market is categorized in terms of product, application, distribution channel, and region. Based on product, the market is bifurcated into compression stockings, and compression garments. Among these, the compression garments segment is again segmented into lower compression garments and upper compression garments. Again, the compression stockings segment is again split into gradient compression stockings, and anti-embolism compression stockings. With respect to application, the market is classified into oncology, burns, wound care, varicose veins, and others. Based on distribution channel, the market is grouped into online sales, clinics, ambulatory surgical centers, hospitals, and other healthcare facilities.
The research report on the compression garments and stockings industry offers a comprehensive analysis of the market and factors promoting or demoting its growth such as drivers, restraints, challenges, and new growth opportunities. List of the players operating in this market and their efforts to obtain a significant position in the market competition in terms of innovations and new product launches is also discussed in details. It also focuses on the recent developments and innovations that helped the market grow in terms of revenue generation. The impact of the novel COVID19 pandemic is also discussed in the report. The report is available for sale on the company website.
The nature of competition for this market is fairly competitive on account of the presence of a few players. Leading players of the compression garments and stockings market are emphasizing on collaborations, joint ventures and merger strategies to gain an upper hand in the overall market competition. Others are investing in introduction of innovative products to attract more revenues to the market. The key objective is to ensure a significant position in the market competition and earn handsome revenues for the overall market.
Some of the key players of the global Compression Garments and Stockings market include:
The rise in geriatric population and the increasing rate of injury and fracture cases automatically promotes the global compression garments and stockings market. Besides this, the increasing rate of bariatric population has also propelled the demand for compression garments and stockings market during the forecast period. Moreover, the increasing rate of sports injuries and increasing cases of arthritis or chronic venous diseases will also augment the sales projections of the global compression garments and stockings market in the near future.
Geographically, this market is widespread into the regions of Latin America, Europe, North America, and the Middle East and Africa. These regions are further categorized as per the nations bringing business. North America emerged as the largest revenue generator for the Compression Garments and Stockings market attributable to the high rate of knee replacement surgeries in the United States. Besides this, the market in Europe will also generate notable revenues and give equal competition to North America in the coming years on account of the presence of significant players and the rising rate of varicose veins issues among the regional locals.
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Compression Garments and Stockings Market
