(PharmaNewsWire.Com, June 13, 2018 ) Compression clothes are elastic tight suits which have long been used to assist venous go back and decrease peripheral swelling in vascular patients and wholesome human beings and to a useful resource in different situations consisting of orthostatic intolerance because of dehydration or decrease peripheral muscle pump. Commercially to be had compression garments of multiple manufacturers are available on the market, engineered no longer handiest to snuggly in shape of the body. However, also to potentially improve exercising performance and advantages including improved restoration while worn after patience or electricity workout have been determined in a few while not in all researches.
Compression Garments and Stockings is skintight apparels, which stimulate blood movement and stabilize muscle groups through exerting stress at specific parts of the body. Compression garb facilitates to improve stamina and body balance and manage the body temperature. Compression clothes and stockings are easy-to-use, safe, and offer an effective remedy in a short time span, so as to preserve fuelling their income in the end.
The Latin America Compression Garments and Stockings market size become around USD three hundred million in 2017. It is predicted to develop at a CAGR of 5.6% to reach USD 390 million by 2022. It captures 12% of the worldwide market.
Drivers and Restraints:
Increase in disposable earnings of customers, improvements within the cloth technology and garment designs, upward push in popularity of shape wear a few of the geriatric population, and trade in lifestyles pressure the growth of the market. Growing caseload for varicose vein treatments and orthopedic surgeries is observed as a key driver boosting the sales of compression garments and stockings.
However, manufacturing medical compression garments require strict pointers to be observed are impeding the market growth.
By using geography the market is segmented into Brazil, Chile, Argentina, and others. Latin America is likewise anticipated to show sizeable growth for this market due to the expanded burden of illnesses. Growing healthcare expenditure is predicted to boost the market in this area. An increasing geriatric populace base and upward push in sports injuries are contributing to the rise in demand for compression garments in Latin America.
The main players of the market include Leonisa, Inc., Medical Z, 2XU Pty. Ltd, 3M, BSN Medical, medi GmbH & Co KG, Nouvelle, Inc., Santemol Group Medical.
Scope of the report
The report offers a comprehensive analysis of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along this, the factors influential in effecting the market dynamics and trends are discussed in detail at the product level. Further, the performance of the market at the regional and country-level is assessed and the prospects with high growth potential are identified and debated.
The key players in the industry are profiled providing insights on their financial performance, market position and growth strategies. Comparative analysis on prime strategical activities of the market players delineating the key developments like mergers & acquisitions, collaborations and an evaluation of the competitive environment within the industry are provided. The report also offers a broad outlook of the market along with recommendations from industry experts on the opportunities for investment activity.
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