Compression Sleeves Market by Product (Arm Compression Sleeves, Bandages and Leg Compression Sleeves)
Industry: Healthcare
Published Date: February-2023
Format: PPT*, PDF, EXCEL
Delivery Timelines: Contact Sales
Number of Pages: 250
Report ID: PMRREP33353
The Global Compression Sleeves Market is estimated at US$ 1.26 billion in 2022 and is expected to reach a value of US$ 2.2 billion by the end of 2032, expanding at a CAGR of 4.9% over the decade.
Rising patient population, higher healthcare spending, and growing awareness among physicians, surgeons, and patients about the benefits of compression sleeves in treating conditions caused by orthopedic and vascular disorders are anticipated to boost the sales of compression sleeves over the coming years.
Demand for compression therapy products is being driven by several factors, including increasing occurrence of varicose veins, growing participation in sports activities, and rise in sports injuries. Compression sleeves are used in compression therapy to facilitate increased blood flow to the muscles, aiding the recovery of athletes who undergo intense training.
In addition, compression sleeves target support specific muscles during exercise by directing blood flow to those areas. This high adoption of compression sleeves, driven by their effectiveness in aiding recovery and supporting muscles during exercise, is a major factor contributing to the growth of this market.
| Attribute | Details |
|---|---|
| Compression Sleeves Market Size (2021) | US$ 1.26 Billion |
| Estimated Market Value (2022) | US$ 1.32 Billion |
| Forecasted Market Value (2032) | US$ 2.2 Billion |
| Global Market Growth Rate (2022 to 2032) | 4.9% CAGR |
| Market Share of Top 5 Countries | 59.8% |
As compression sleeves continue to be used in a growing number of sporting activities such as tennis, volleyball, running, basketball, cricket, and soccer, their popularity is on the rise. Compression sleeves are widely used by people engaged in weightlifting to aid in their recovery and increase blood flow to the muscles.
However, the use of this product is not limited to exercise or sports activities; air travelers use it to prevent vein thrombosis. Demand for compression sleeves is expected to grow significantly over the coming years due to the limited drawbacks associated with the product. The development of new technologies in response to the rising demand for high-quality compression garments at lower prices is expected to further drive market expansion.
When the COVID-19 pandemic struck, people were reluctant to visit hospitals for ablation procedures or sclerotherapy, employed for treating varicose veins. This boosted the demand for compression sleeves as they were used as the first line of treatment by patients suffering from varicose veins to delay their surgery during the pandemic. However, supply chain disruptions and the closure of manufacturing units during lockdowns affected the production and sales of compression sleeves.
Demand for compression therapy devices has also grown because of the rising prevalence of chronic venous illnesses and the growing need for rehabilitation. Additionally, patients with lymphedema and those who have undergone surgeries related to sclerotherapy use compression sleeves as a part of compression therapy.
Increasing number of elderly individuals is expected to lead to a higher incidence of orthopedic diseases associated with aging. Additionally, women who are at high risk of developing lymphedema due to breast cancer may experience less arm swelling when using compression sleeves as a preventive measure. After breast cancer surgery, high-risk patients often use compression sleeves to reduce the likelihood of lymphedema and subsequent arm swelling. Consequently, sales of compression sleeves are expected to rise significantly due to the rising incidence of breast cancer among women.
Although compression sleeves can be effective, their tight-fitting nature can sometimes result in discomfort, itchiness, and dry skin for some users. Additionally, these sleeves may lose their elasticity over time and require hand washing. Selecting the best product for treatment can also be challenging, and the varying efficacy of these products may potentially undermine customers' trust in compression therapy.
Patients and healthcare providers prefer alternative options, such as surgeries, radiofrequency ablation, sclerotherapy, laser treatment, and ligation, for the treatment of chronic venous diseases (CVD) since they offer greater benefits with fewer complications and minimal post-treatment pain. As a result, these alternative therapies are favored over compression therapy.
How is the Market for Compression Sleeves Faring in the United States?
Demand for compression sleeves in the United States is primarily attributable to an increase in orthopedic and spinal surgeries; rising prevalence of lymphedema, varicose veins, and deep vein thrombosis; and high occurrence of sports injuries. In addition, the country has several manufacturers of compression sleeves. These factors are majorly responsible for the higher adoption of compression sleeves in the United States.
What is the Demand Outlook for Compression Sleeves in Germany?
Growing population of elderly individuals in Germany has led to an increase in the cases of muscular disorders and varicose veins. Additionally, the rise in sports participation and related injuries is also expected to drive the demand for compression sleeves in the country.
What’s Boosting the Sales of Compression Sleeves in India?
Growing demand for compression sleeves in India can be attributed to the rising number of women diagnosed with breast cancer and the associated lymphedema complications.
Which Compression Sleeve Type Accounts for Significant Sales?
Increasing global emphasis on physical fitness has led to the adoption of arm compression sleeves by fitness enthusiasts. These sleeves aid in the recovery process after intense training sessions and can be used to prevent sports-related injuries such as tennis elbows and golfer's elbows.
Arm sleeves designed for athletes, runners, bikers, hikers, and other performance-driven individuals are available in a variety of styles. Additionally, these sleeves can be worn for warmth and are preferred by individuals living in colder climates. As a result, this product segment has emerged as a dominant force driving the growth of the market.
Which Application of Compression Sleeves is Attracting Significant Attention?
The use of compression sleeves for varicose veins is prescribed as they can reduce swelling in the ankles and feet and aid in the prevention and treatment of spider and varicose veins.
Which Technique is Widely Preferred in Compression Sleeve Therapy?
Compression sleeve therapy is widely implemented using the dynamic technique.
This high share is mainly due to the ease of use of dynamic compression sleeves over static compression sleeves. Patients usually comply with dynamic compression sleeves as it is self-manageable.
Key manufacturers of compression sleeves are focusing on new product development and expansion into developing markets, in addition to improving their distribution methods through e-commerce and online promotions.
| Attribute | Details |
|---|---|
| Forecast Period | 2022 to 2032 |
| Historical Data Available for | 2017 to 2021 |
| Market Analysis | US$ Billion for Value |
| Key Regions Covered |
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| Key Countries Covered |
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| Key Market Segments Covered |
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| Key Companies Profiled |
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| Pricing | Available upon Request |
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The global compression sleeves market stands at US$ 1.32 billion in 2022.
Demand for compression sleeves is projected to reach a market valuation of US$ 2.2 billion by 2032.
Sales of compression sleeves increased at a CAGR of 4.5% from 2017 to 2022.
Revenue from compression sleeves is projected to increase at a CAGR of 4.9% through 2032.
Growing prevalence of varicose veins and lymphedema is driving the demand for compression sleeves globally.
The bandages segment is predicted to expand at a CAGR of 5.3% through 2032.
The U.S., India, China, Germany, and Italy collectively account for 59.8% share of the global market.
The United States accounted for 93.2% share of the North American market in 2021.
The European compression sleeves market is forecasted to expand at a CAGR of 4.7% through 2032.
