The European compression garments market is growing at a CAGR of 4.5% during the forecast period. Europe is among the largest markets for compression garments and will lead the market during the forecast period, with rising demand from Germany, Italy, France, UK, and Spain. However, the COVID-19 pandemic has disrupted nearly all the major end-user industries in Europe, resulting in decreased demand for compression garments. The market witnessed a slowdown in H1 2020 as COVID-19 led the decline in cosmetic surgeries, sports events, closure of gyms and offices, as well as the general marketplace. This resulted in reducing the new sales of compression garments, with a heavy effect on post-surgery compression garments and sports garments.
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The European 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 slim-wear. Based on the distribution channels, the market is classified into the pharmacy and offline retail, and online.
Country-wise, the market is segmented into the UK, Germany, France, Italy, Spain, and the Rest of Europe. Germany was the largest compression garments market in Europe with a significant revenue share in 2019. The country has one of the highest individuals with diabetes, and the prevalence rate of diabetes is about 13.5%. Around 10% of 82 million people in the country have diabetes. Factors such as the presence of a large disease pool, high awareness about diabetes management, satisfactory public healthcare coverage for treatment, better product accessibility, well-established healthcare delivery, and availability of a well-established distribution network are contributing to market growth in the country.
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European Compression Garments Market Segmentation
By Product Type
- Shapewear
- Compression Tapes
- Facial Garments
- Full Body Garments
- Lower and Upper Extremities Garments
By Application
- Healthcare
- Sports
- Slim-wear
By Distribution Channel
- Pharmacy and Offline Retail
- Online
(This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.)
