The Asia-Pacific compression garments market is estimated to witness a strong CAGR during the forecast period (2020-2026). The compression garments market in the Asia-Pacific largely includes low and moderately priced product types. This is due to the presence of numerous vendors offering cheap models to compete with international and branded ones. Japan, South Korea, and Australia are witnessing high adoption of compression garments primarily driven by an increasing application in sports and post-op applications. The challenge is to attract consumers for premium material and pneumatic compression garments from India, Vietnam, Indonesia, and the Philippines, where the market for high-quality recovery aiding healthcare and wellbeing products are yet to catch a steeply rising curve.
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Moreover, public and private initiatives, especially in emerging Asia-Pacific countries, have resulted in increased investments in R&D in the healthcare sector, including consumer products and devices, while free trade economics across the region supported with progressive government policies has resulted in better availability and access to pharmaceutical and medical device products. These trends have made the Asia-Pacific an attractive market for expansionary private investments that can effectively support innovation while driving consumption and capitalizing on demographical and emerging consumption trends, and ultimately benefiting the compression garments industry in the Asia-Pacific.
Market Coverage
The market number available for – 2019-2026
- Base year- 2019
- Forecast period- 2020-2026
- Segment Covered- by Product Type, Application, and Distribution Channel
- Countries Covered- China, Japan, India, and Rest of Asia-Pacific
- Competitive Landscape- 2XU Pty. Ltd.; 3M Co.; L&R Group; Leonisa; and LIPOELASTIC S.A.
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Key questions addressed by the report
- What is the market growth rate?
- Which segment and country dominate the market in the base year?
- Which segment and country will project the fastest growth in the market?
- How COVID-19 impacted the market?
Ø Recovery Timeline
Ø Deviation from the pre-COVID-19 forecast
Ø Most affected region and segment
Ø Who is the leader in the market?
Ø How players are addressing challenges to sustain growth?
Ø Where is the investment opportunity?
Asia-Pacific Compression Garments Market Report Segment
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.)
