Asia-Pacific Compression Garments Market 2020-2026

Asia-Pacific Compression Garments Market Size, Share & Trends Analysis Report by Product Type (Shapewear, Compression Tapes, Facial Garments, Full Body Garments, Lower and Upper Extremities Garments), by Application (Healthcare, Sports, and Slimwear), and by Distribution Channel (Pharmacy and Offline Retail, and Online) Forecast Period (2020-2026).

The compression garments market in Asia-Pacific is expected to grow at a CAGR of 5.5% during the forecast period. The market is influenced by the increasing penetration of healthcare products and services and rapid urbanization. The regional market has the presence of numerous vendors, which has led to elastic compression garments being available are average selling price skew to the lower side of the market average. However, with the availability of rising medical case studies, higher disposable income, and increased buying power of the middle-class population, particularly in China, South Korea, and India, the sales of compression garments have surged. The region is also witnessing rising traction among both male and female consumers for adopting plastic surgery and other body shaping and body contouring procedures. This is expected to increase the addressable market for compression garments as more functional products than just bandages and splints for injury recovery, post-op applications, as well as general fatigue recovery.

COVID-19 has impacted not only the life and health of the individuals but has also brought the global economy to turmoil. The major markets, including the US, Italy, Spain, France, the UK, Germany, Canada, and China, are the most affected ones. However, the markets in China, the US, India, and several countries resumed market operations from H2 2020 with production and factories back on track. However, it will take at least a quarter or two to regain its earlier market momentum.

The Asia-Pacific 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, and 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.

Country-wise, the market is segmented into China, Japan, India, and the Rest of Asia-Pacific. China is the largest revenue contributor for the compression garments market in Asia-Pacific and accounted for a significant share in 2019. Approximately more than 114 million cases of diabetes were reported in China in 2019. Diabetic foot ulceration (DFU) is one of the leading causes of chronic wounds, contribute to about 32% of chronic wound cases in China, followed by trauma and burns, which contributed to about 23% of chronic wound cases in 2019. The rising aging population is another major factor for the growth of the healthcare segment products in China.

Research Methodology

The market study of the Asia-Pacific compression garments market is incorporated by extensive primary and secondary research conducted by the research team. Secondary research has been conducted to refine the available data to breakdown the market into various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. the team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables the analyst to derive the closest possible figures without any major deviations in the actual number. the analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity to the reports.

Secondary Sources Include:

• Financial reports of companies involved in the market.
• Whitepapers, research-papers, and news blogs.
• Company websites and their product catalog.

The report provides an in-depth analysis of market size, intended quality of the service preferred by consumers. The report will serve as a source for a 360-degree analysis of the market thoroughly integrating different models.

Market Segmentation:

1. Asia-Pacific Compression Garments Market Research and Analysis by Product Type
2. Asia-Pacific Compression Garments Market Research and Analysis by Application
3. Asia-Pacific Compression Garments Market Research and Analysis by Distribution Channel

The Report Covers:

• Comprehensive research methodology of the Asia-Pacific compression garments market.
• This report also includes a detailed and extensive market overview with key analyst insights.
• An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
• Analysis of regional regulations and other government policies impacting the Asia-Pacific compression garments market.
• Insights about market determinants that are stimulating the Asia-Pacific compression garments market.
• Detailed and extensive market segments with the regional distribution of forecasted revenues.
• Extensive profiles and recent developments of market players.