Middle East & Africa Compression Garments And Stockings Market

Middle East & Africa Compression Garments and Stockings Market Size

The compression garments and stockings market in Middle East & Africa was valued at USD 210 million in 2023. The regional market is anticipated to grow at a CAGR of 5.6% at a CAGR of 2024 to 2032 and be worth 342.9 million by 2032 from USD 221.7 million in 2024.

MARKET DRIVERS

The growing geriatric population in the countries of the Middle East and Africa is one of the major factors contributing to the growth of the compression garments and stockings market in this region. In addition, the proportion of the senior population in many MEA countries is increasing rapidly, who are more vulnerable to various chronic illnesses like varicose veins, deep vein thrombosis, leg ulcers, osteoporosis, rheumatoid arthritis, and osteomalacia, among others. Compression garments and stockings provide improved venous support and increase blood flow efficiency in the lower extremities. According to a U.N study, the total number of people aged 80 and over is analyzed to increase from 155 million in 2019 to more than 460 million by 2050. These growing numbers will support the MEA compression garments and stockings market during the analysis period.

In addition, factors such as the increasing number of orthopedic procedures, increased patient awareness about compression garments and stockings, and the growing prevalence of sports injuries and accidents are also contributing to the market growth. As a result, companies are mainly focusing on the target population of patients prone to accidents and injuries, and ongoing clinical research and development activities to increase sales will lead to increased adoption of compression garments and stockings. Meanwhile, the growing demand for the latest technological products for better healthcare will provide significant growth opportunities for the market over the forecast period.

MARKET RESTRAINTS

The lack of generally accepted standards for compression garments coupled with low patient adherence to these products will slow down MEA compression garments and stocking market growth. Moreover, the lack of reimbursement policies and availability of these products may challenge the market growth in the years to come. In addition, increased adoption of alternative therapies for treatments will hamper the studied market.

REGIONAL ANALYSIS

Middle East and Africa accounted for a smaller share of the global market in 2023 and are likely to improve their occupancy in the worldwide market over the forecast period due to the increasing geriatric population, growing incidence of chronic venous disorders and obesity, and presence of favorable government reimbursements in the region. The UAE is anticipated to have lucrative growth opportunities due to the presence of technologically developed products, focus by leading market players to meet the unmet market demand, growing target population, and high incidence of chronic diseases over the forecast period.

Saudi Arabia is projected to expand at a significant growth rate due to factors such as increasing R&D investments by major players, growing awareness, and ongoing initiatives to bring newer products into the market at a comparatively lower price that will support the market in this region.

South Africa is estimated to play a notable role in the Middle East and African market over the forecast period due to low per capita income. As a result, hospitals in the African region face a shortage of healthcare products like compression garments and stockings. However, growing orthopedic and trauma surgeries will provide growth opportunities in the coming years.

KEY MARKET PLAYERS

Companies playing a major role in the Middle East & Africa compression garments and stockings market profiled in the report include 3M, BSN Medical, Medi GmbH & Co KG, Leonisa, Inc., Medical Z, Nouvelle, Inc., 2XU Pty. Ltd and Santemol Group Medical.

MARKET SEGMENTATION

This research report on the Middle East & Africa Compression Garments and Stockings Market is segmented and sub-segmented into the following categories.

By Product

• Compression garments
• Compression stockings

By Application

• Varicose veins
• Wound care
• Burns
• Oncology

By End User

• Hospitals
• ASC’s
• Clinics
• Online sales
• Healthcare

By Country

• KSA
• UAE
• Israel
• the rest of GCC countries
• South Africa
• Ethiopia
• Kenya
• Egypt
• Sudan
• Rest of MEA