US compression garments market is anticipated to grow at a significant CAGR of 5.0% during the forecast period. The US is the major revenue contributor to the global market. The market is growing due to the rising prevalence of surgeries, cosmetic and body contouring procedures, sports, acute and chronic wounds mostly due to diabetes, surgical wounds burns and trauma, and high adoption of advanced post-op care products compared with other countries for several years. The rising number of reported chronic wounds in the US is rising steadily. Diabetes, increased age, obesity are the key factors that contribute to the rising number of chronic wound cases in the US, thus driving the demand for compression garments in the country.
Further, compression garments find adoption in wound care, post-op, and therapeutic applications, driven by the speedy recovery of wounds and several ailments such as varicose veins, diabetic ulcers, edema, and lymphoedema, among others. Wounds, including acute and chronic wounds, are a major healthcare burden globally with a high prevalence of an ever-increasing patient population with various acute and chronic diseases. The prevalence of various acute and chronic diseases is rising at a significant rate. Approximately one in three adults suffer from more than one chronic condition or multiple chronic conditions (MCC) globally. Chronic diseases mainly include cardiovascular disease (CVD), cancer, chronic lung diseases, and diabetes. The prevalence of MCCs in the US is approximately 26%. The increasing prevalence of these diseases will result in an increased demand for compression garments in the country.
On the other hand, the outbreak of the COVID-19 pandemic has resulted in a significant decline in the sales of compression garments in the country, as most of the end-user industries suffered severely. The US is the worst-hit COVID-19 country, with more than 11 million cases, as of November first week (2020). Thus, the compression garments industry has had to incur major losses in the country. However, as of Q4 2020, the US has opened markets and removed domestic and international travel. The demand is expected to slowly revise to the pre-COVID trajectory.
The US compression garments market is segmented based on product type, application, and distribution channel. Based on product type, the compression garments market is segmented into shapewear, compression tapes, facial garments, full-body garments, lower and upper extremities garments. Based on application, the compression garments market is segmented into healthcare, sports, and slimwear. Based on the distribution channel, the market is classified into the pharmacy and offline retail, and online.
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US Compression Garments Market Segmentation
By Product Type
- Sharewear
- Compression Tapes
- Facial Garments
- Full Body Garments
- Lower and Upper Extremities Garments
By Application
- Healthcare
- Sports
- Slimwear
By Distribution Channel
- Pharmacy and Offline Retail
- Online
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Company Profiles
- 3M Co.
- Company Overview
- Product Portfolio
- Recent Developments/Activities
- Adidas AG
- AIROS Medical, Inc.
- ASICS America Corp.
- Bauerfeind USA, Inc.
- Bioflect Medical Group
- Contemporary Design Inc.
- BSN Medical GmbH (Essity Company)
- Juzo Zorn, Inc.
- Hyperice Inc.
- L&R Group
- Leonisa
- LympheDIVAs, LLC
- New Balance Athletics, Inc.
- NIKE, Inc.
- Peninsula BioMedical, Inc.
- SIGVARIS Group
- The Marena Group, LLC
- Under Armour, Inc.
- Wear Ease, Inc.
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