United Kingdom Medical Compression Garments Market Size, Share, and COVID-19 Impact Analysis, By Product (Upper Compression Garments, Lower Compression Garments, Anti-Embolism Stockings, and Others), By Application (Varicose Vein, Deep Vein Thrombosis, Wound Care, Burns, Oncology, and Others), By End User (Hospitals, Clinics, Ambulatory Surgical Centers, and Others), and United Kingdom Medical Compression Garments Market Insights, Industry Trend, Forecasts to 2033

Industry: Healthcare

RELEASE DATE Jul 2024
REPORT ID SI5271
PAGES 215
REPORT FORMAT PathSoft

United Kingdom Medical Compression Garments Market Insights Forecasts to 2033

  • The U.K. Medical Compression Garments Market Size was valued at USD 164.1 Million in 2023.
  • The Market Size is Growing at a CAGR of 4.32% from 2023 to 2033
  • The U.K. Medical Compression Garments Market Size is Expected to Reach USD 250.5 Million by 2033

UK Medical Compression Garments Market

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The United Kingdom Medical Compression Garments Market is Anticipated to Exceed USD 250.5 Million by 2033, growing at a CAGR of 4.32% from 2023 to 2033. The growing aging population, obesity rates, and growing awareness about compression garments are driving the growth of the medical compression garments market in the UK.      

 

Market Overview

Medical compression garments are a tight-fitting elastic garment that exerts gradient pressure over specific body parts to maintain constant blood flow in the veins. These clothes are designed to promote and restore the body’s normal fluid circulation, which can help minimize peripheral edema. These are composed of materials engineered to exert pressure on the lower limbs. Medical compression garments are increasingly being used by British patients to treat a variety of ailments, such as chronic venous insufficiency and post-operative swelling and bruises. The advantages of compression therapy have become more widely known as more individuals are aware of the benefits compression garments can provide for pain relief, swollen reduction, and improved circulation. Because of this, more people are looking for these products for both personal and professional use. People are more likely to develop ailments like venous insufficiency with the growing age that may cause leg swelling and pain. In addition, the prevalence of obesity has been rising over the past several years, which is also fueling the need for compression clothing because obese people are more prone to develop lymphedema, a disorder that results in swelling from the buildup of lymph fluid. It is expected to increase innovation in product design and development by the manufacturers to fulfill the consumer's needs with the growing market expansion. Further, the ongoing trend towards online retailing due to greater convenience and product choices for purchasing is leveraging market expansion.

 

Report Coverage

This research report categorizes the market for the UK medical compression garments market based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the United Kingdom medical compression garments market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the UK medical compression garments market.

 

United Kingdom Medical Compression Garments Market Report Coverage

Report CoverageDetails
Base Year:2023
Market Size in 2023 :USD 164.1 Million
Forecast Period:2023-2033
Forecast Period CAGR 2023-2033 :4.32%
2033 Value Projection:USD 250.5 Million
Historical Data for:2019-2022
No. of Pages:215
Tables, Charts & Figures:110
Segments covered:By Product, By Application, By End User
Companies covered:: 3M Company, Cardinal Health, Essity AB, Bio Compression systems, Juzo, Eurosurgical, LIPOELASTIC, Medi GmbH and Co. Kg, Judd Medical, Smith and Nephew Plc., Medasun Medical, and Others Key Vendors.
Pitfalls & Challenges:COVID-19 Empact, Challenges, Future, Growth, & Analysis

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Driving Factors

People are more prone to chronic diseases as they age, which may benefit from compression therapy. Elderly people also have a higher likelihood of being sedentary, which may trigger discomfort and edema. Thus, the increasing prevalence of chronic diseases like arthritis, lymphedema, and venous insufficiency along with the growing aging population are significantly driving the market demand. Obesity is another factor driving the market in the UK as obesity rates have been continuously rising for decades, and over 40% of the population is currently affected. Furthermore, compression garments are a desirable alternative for obsessed people as this type of clothing fits well in fat people. An increase in knowledge of venous disorders and treatments has resulted in more patients looking for information and solutions to their illnesses. Due to this, more procedures are being performed, which has increased market demand for medical compression garments.

 

Restraining Factors

The lack of awareness about the benefits of compression garments among patients and healthcare providers is restraining the market for medical compression garments. Further, the lack of reliable information about the effectiveness of compression garments in treating particular illnesses which makes it difficult to defend prescribing garments, which means insurance companies are less willing to reimburse for their use.

 

Market Segmentation

The United Kingdom Medical Compression Garments Market share is classified into product, application, and end user.

 

  • The upper compression garments segment dominates the market with the largest market share during the forecast period.

The United Kingdom medical compression garments market is segmented by product into upper compression garments, lower compression garments, anti-embolism stockings, and others. Among these, the upper compression garments segment dominates the market with the largest market share during the forecast period. Sports and medical applications are the main uses of upper compression clothing. Physicians frequently prescribe medical compression garments to address ailments including lymphedema or venous insufficiency.

 

  • The varicose vein segment is anticipated to hold the largest revenue share over the forecast period.

Based on the application, the U.K. medical compression garments market is divided into varicose vein, deep vein thrombosis, wound care, burns, oncology, and others. Among these, the varicose vein segment is anticipated to hold the largest revenue share over the forecast period. Medical compression garments provide support and relief from the symptoms of varicose veins and help to prevent the condition from worsening. The rising prevalence of varicose veins and major risk factors such as age-related degeneration, obesity, and hypertension are driving up the market.

 

  • The hospitals segment is expected to grow at the fastest CAGR in the UK medical compression garments market during the forecast period.

Based on the end user, the U.K. medical compression garments market is divided into hospitals, clinics, ambulatory surgical centers, and others. Among these, the hospitals segment is expected to grow at the fastest CAGR in the UK medical compression garments market during the forecast period. To satisfy the demands of its patients, hospitals maintain a sizable inventory in a range of sizes and designs. The growing prevalence of chronic diseases along with the rising aging populations and obesity rates are driving the market in the hospitals segment.     

 

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the U.K. medical compression garments market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.    

 

List of Key Companies

  • 3M Company
  • Cardinal Health
  • Essity AB
  • Bio Compression systems
  • Juzo
  • Eurosurgical
  • LIPOELASTIC
  • Medi GmbH and Co. Kg
  • Judd Medical
  • Smith and Nephew Plc.
  • Medasun Medical
  • Others

 

Key Target Audience

  • Market Players
  • Investors
  • End-Users
  • Government Authorities 
  • Consulting And Research Firm
  • Venture capitalists
  • Value-Added Resellers (VARs)

 

Market Segment

This study forecasts revenue at U.K., regional, and country levels from 2020 to 2033. Spherical Insights has segmented the United Kingdom Medical Compression Garments Market based on the below-mentioned segments:

 

UK Medical Compression Garments Market, By Product

  • Upper Compression Garments
  • Lower Compression Garments
  • Anti-Embolism Stockings
  • Others

 

UK Medical Compression Garments Market, By Application

  • Varicose Vein
  • Deep Vein Thrombosis
  • Wound Care
  • Burns
  • Oncology
  • Others

 

UK Medical Compression Garments Market, By End User

  • Hospitals
  • Clinics
  • Ambulatory Surgical Centers
  • Others

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