Compression Garments and Stockings Market Updates and Forthcoming Developments

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Compression Garments and Stockings
Compression Garments and Stockings

The introduction of new items is intended to benefit patients and users suffering from various types of venous diseases, injuries, and those who have undergone surgeries and require rehabilitation. As a result of an increasing number of growth strategy initiatives, this Compression Garments and Stockings Market is expected to increase. Inorganic expansion techniques have been discovered by manufacturers as a way to increase their range and reach out to consumers. Compression socks makers see an opportunity in the obese population, which is at a high risk of developing vascular problems.

Compression garments and stockings are becoming increasingly popular among the geriatric population, who suffer from arthritis as a result of other chronic conditions like heart disease, diabetes, and obesity, and who need compression garments and stockings in their daily lives to live a better life. Increased awareness of compression garments' availability and benefits, as well as advancements in orthopaedic surgery technology, have all contributed to the rise in demand. Over the forecast period, the worldwide Compression Garments and Stockings Market is expected to rise due to the rising prevalence of varicose veins. According to the American Vein and Lymphatic Society, more than 40 million people in the United States suffer with varicose veins in 2019.

The Global Compression Garments and Stockings Market is predicted to reach US$ 3,541.1 million by the end of 2027, with a value of US$ 2,346.7 million in 2019. Furthermore, the rising incidence of obesity and the development in the trend of functional sportswear and sporting goods are expected to give prospects for the compression garments and stockings market to grow in the future years. On the other side, rising garment and stocking prices, as well as tight production norms and regulations, are expected to stymie the compression garments and stockings market's expansion throughout the forecast term. However, the availability of alternative therapies and design constraints may pose additional challenges to the compression garments and stockings market's growth in the near future.

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