February 27, 2023 09:00 ET | Source: Persistence Market Research Persistence Market Research
New York, New York, UNITED STATES
New York, Feb. 27, 2023 (GLOBE NEWSWIRE) -- As per a new industry analysis by Persistence Market Research, the global Compression Sleeves Market was valued at US$ 1.26 billion in 2021 and is projected to exhibit growth at a CAGR of 4.9% from 2023 to 2032. Demand for compression sleeves is projected to reach a market revenue of US$ 2.2 billion by 2032.
The pressure gradient created by a compression sleeve manipulates the arteries and veins to improve circulatory function by raising blood pressure in a specific place, thus increasing blood flow throughout the body. This factor has increased the use of compression sleeves to reduce muscle fatigue sprains post-workout and remove waste metabolites. Compression therapy products are available as over-the-counter medications and also as prescription products. This, together with the growing daily usage of compression sleeves for preventing leg swelling is driving market growth.
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Prescription of compression sleeves by healthcare professionals to treat various orthopaedic disorders has increased awareness about product. The comfort of compression clothing is influenced by a number of physical factors, including air permeability, heat, moisture transmission, and tactile features, in addition to pressure performance. Hence, key market players are working on improving their products by incorporating additional features for comfort.
Key Takeaways from Market Study
“Rising initiatives to promote products and increasing adoption of compression sleeves as a first line of treatment to treat various orthopaedic diseases are set to augment market growth,” according to a researcher of Persistence Market Research.
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To boost profitability and solidify their position in the worldwide compression therapy market, manufacturers of orthopaedic products are increasingly concentrating on growing their businesses across emerging nations. Key industry players have initiated promotional activities to introduce the design and engineering of novel materials with enhanced efficacy.
What Does the Report Cover?
Persistence Market Research offers a unique perspective and actionable insights on the compression sleeves market in its latest study, presenting a historical demand assessment of 2017 to 2021 and projections for 2023 to 2032.
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The research study is based on
For additional insights on how the growth of the compression sleeves market will unfold over the decade, write to the analyst at media@persistencemarketresearch.com
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Our expert team of industry analysts comprising management graduates, medical professionals, engineers, and project managers provides insights on emerging therapy areas, diagnostic tools, medical devices and components, reimbursement and market access, biotechnology, and life science research products and services to equip decision-makers with sound inputs and strategic recommendations.
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