Europe Compression Garments And Stockings Market

Europe Compression Garments and Stockings Market Size (2024 to 2029)

The size of the Compression Garments and Stockings Market in Europe is forecasted to be worth USD 991.5 million by 2029 from USD 773.2 million in 2024, growing at a CAGR of 5.1% from 2024 to 2029.

The increasing workload for varicose vein treatments and orthopedic surgeries is observed ahead with advancements in fabric, and garment designers are likely to propel the region's growth. Outstanding compression garments are flourishing in exercise settings, and sports are fueling the market. Expanding collaborations and acquisitions as the companies in the market try to combine their status over obtaining small and average producers. Increase in discretionary income of the individuals, growing a large number of hospitals as there is an increase in the number of patients attracted to advertising offers and ease of procurement. Moreover, a flourishing number of chiropractors and physiotherapists advising the usage of compression therapy, particularly for older people, is considered to have notable growth in the region over the review period.

Imperfect patient obedience to compression garments and lack of awareness among the population hinder the growth in the market over the review period. Health issues arise like blood clots; and breathing problems due to wearing tight compression and shapewear impede the market demand.

This research report on the European Compression Garments and Stockings Market has been segmented and sub-segmented into the following categories

• By Product: Compression garments and Compression stocking
• By Application: Varicose veins, Wound care, Burns, Oncology
• By End User: Hospitals, ASCs, Clinics, Online sales, Healthcare
• By Country: UK, France, Spain, Germany, Italy, Russia, Sweden, Denmark, Switzerland, Netherlands, Turkey, Czech Republic & Rest of Europe

Regional Analysis:

The European market held a market share of 25% in the global market in 2022. The compression garments and stockings market in Europe is predicted to be the second-largest region in terms of revenue during the forecast period. 

Germany is expected to lead the European market in compression garments and stocking growth over the estimated period. Factors like the growing necessity for compressed garments, and the rising aging population being affected by muscular problems are predicted to fuel the growth. Also, increasing injuries related to sports have augmented the demand for these garments. The surge in online shopping and growing product advertising are enhancing the market. 

The UK is the next leading market followed by Germany because of flourishing awareness regarding physical fitness, and the growing adoption of compression garments and stockings by athletes and gymnasts. Advanced technologies associated with orthopedic surgeries, increasing profitable advertising, and surging consciousness relevant to the advantages of compression garments like healing effects, and reducing swelling quality are projected to boost the market. Increase in expenses in healthcare as these compression garments are to be replaced 2 to 4 times yearly.

KEY MARKET PLAYERS:

Notable companies leading the Europe Compression Garments and Stockings Market Profiled in the Report are Leonisa, Inc., Medical Z, 2XU Pty. Ltd, 3M, BSN Medical, Medi GmbH & Co KG, Nouvelle, Inc., Santemol Group Medical.