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UK Medical Compression Garments Market Ethnography Techniques for Deeper Consumer Understanding A Strategic Approach

UK Medical Compression Garments Market Ethnography Techniques for Deeper Consumer Understanding A Strategic Approach

Report Ocean has published a new report on the UK Medical Compression Garments Market in diverse regions to produce a report with more than 250+ pages. 

The UK medical compression garments market is worth approximately $150 million and is projected to expand to $ 238.66 million by 2030. The market is growing at a CAGR of 4.6%. The UK medical compression garments market is experiencing unprecedented growth. This is being driven by a number of factors, including an aging population, the rise in obesity rates, and increasing awareness of the benefits of compression garments. British patients are increasingly turning to medical compression garments to help with a range of conditions, from swelling and bruising after surgery to chronic venous insufficiency.

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The aging population is the largest driver of demand for medical compression garments market. As people age, they are more likely to develop chronic conditions that can benefit from compression therapy. These include venous insufficiency, lymphedema, and arthritis. Additionally, older adults are more likely to be sedentary, which can also lead to increased swelling and discomfort. Obesity is another major driver of demand for medical compression garments. Obesity rates have been rising steadily in the UK for decades, and now affect over 40% of the population. Obese individuals are at greater risk for developing chronic conditions like diabetes and heart disease, which can cause swelling and pain. Additionally, obese individuals often have difficulty finding clothing that fits properly, making compression garments an attractive option.

Finally, awareness of the benefits of compression therapy has grown in recent years. More people are aware that compression garment can help improve circulation, reduce swelling, and relieve pain. As a result, more people are seeking out these products for both medical and non-medical purposes. As the UK medical compression garments market grows, we expect to see more innovation in product design and development, as manufacturers try to meet the needs of consumers. We also expect to see a continued shift towards online retailing, as patients seek out greater convenience and choice when purchasing their products.

Market Dynamics

Drivers

Our analysis shows that the main drivers of this growth are an ageing population and an increase in obesity rates. As people age, they are more likely to experience conditions such as venous insufficiency, which can lead to swelling and pain in the legs. Meanwhile, obesity rates have been increasing steadily in recent years, and this is also driving demand for compression garments as obese individuals are more likely to suffer from lymphedema, a condition that causes swelling due to accumulation of lymph fluid.

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Increase in awareness of venous conditions and treatments has resulted in more patients seeking out information and solutions to their condition. This has led to an increase in procedures being carried out, which has subsequently driven up demand for compression garments both pre- and post-procedure.

Restraints
The competitive landscape in the UK medical compression garments market is relatively fragmented, with a large number of small players accounting for a significant share of the market. This makes it difficult for any one player to gain a significant foothold and differentiate their products from the competition.

Lack of awareness of the benefits of compression garments amongst both medical professionals and the general public. This is likely to be a significant barrier to uptake, as compression garments can only provide benefits if they are correctly prescribed and fitted.

There is a lack of reliable data on the efficacy of compression garments in treating specific conditions. This makes it difficult for clinicians to justify prescribing them to patients, and means that insurance companies are unlikely to reimburse for their use.

Segmental Analysis

By Product

By product, the UK medical compression garments market is dominated by upper compression garments. The segment is projected to offer a growth opportunity of $35 million during the forecast period.
Our analysis show that upper compression garments are most commonly used for sports or medical purposes. Sports compression garments are typically worn during exercise to improve performance and reduce fatigue. Medical compression garments are often prescribed by doctors to treat conditions such as lymphedema or venous insufficiency.

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The price of upper compression garments can vary widely, depending on the brand, materials used, and features offered. In general, simpler designs tend to be less expensive than more complicated ones.
There are good growth prospects for both online and offline retailers of upper compression garments in the UK. Online sales are growing rapidly, although offline sales still dominate the market.

The main challengers to the branded manufacturers are private label products, which are often of lower quality but can be sold at a much lower price point. Generic compression garments are also widely available and these can be an effective alternative for some consumers.

By Application

By application, the varicose vein segment is expected to generate a revenue of over $70 million during forecast period. It is also expected to lead the UK medical compression garments market.
There is a high demand for medical compression garments from people who have varicose veins. These garments help to provide support and relief from the symptoms of varicose veins. They also help to prevent the condition from worsening.

Medical compression garments are made from materials that are specifically designed to apply pressure to the legs. This pressure helps to increase blood flow and reduce swelling. The garments are available in a variety of styles, including socks, stockings, and leggings. They can be worn during the day or night, and they can be removed when necessary.

People with varicose veins often experience symptoms such as pain, heaviness, fatigue, itching, and cramping. Medical compression garments can help to relieve these symptoms and improve quality of life. In addition, they can also help to prevent complications such as ulcers and blood clots.

By End User

By end user, hospitals are projected to grow at a CAGR of 6% in the UK medical compression garments market. Our analysis predicts that the demand for medical compression garments will grow significantly in hospitals over the next few years. This is due to a number of factors, including the increasing prevalence of obesity and the aging population. Additionally, more physicians are becoming aware of the benefits of compression garments and are recommending them to their patients.

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Compression garments are beneficial for a variety of reasons. They help to improve circulation and prevent swelling, which can lead to better healing outcomes. Additionally, they can help to reduce pain and discomfort. With the growing demand for these products, hospitals are keeping a huge stock of a variety of sizes and styles to meet the needs of their patients.

The report also notes that the hospital market is far from saturated, with only a small percentage of eligible patients currently receiving compression therapy. This leaves significant room for growth in the coming years.

By Class

By class, class 1 (14-17 mmHg) is held more than 42% of the market share of the UK medical compression garments market in 2021.

Top Players in the UK Medical Compression Garments Market
As per our analysis, to four players are holding more than 35% market share.
3M Company
Bio Compression systems
Cardinal Health
Essity AB
Eurosurgical
Judd Medical
Juzo
LIPOELASTIC
Medasun Medical
Medi GmbH and Co. Kg
Sigvaris (Switzerland)
Smith and Nephew Plc.
Other Prominent Players

Segment Overview

By Product
Lower Compression Garments
Anti-embolism Stockings
Others

By Class
Class 1 (14-17 mmHg)
Class 2 (18-24 mmHg)
Class 3 (25-35 mmHg)

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By Application
Varicose Vein
Deep Vein Thrombosis
Wound Care
Burns
Oncology
Other

By End User
Hospitals
Clinics
Ambulatory Surgical Centers
Other

Table of Content:

  • Report Overview
  • Global Growth Trends
  • Competition Landscape by Key Players
  • Data Segments
  • North America Market Analysis
  • Europe Market Analysis
  • Asia-Pacific Market Analysis
  • Latin America Market Analysis
  • Middle East & Africa Market Analysis
  • Key Players Profiles Market Analysis
  • Analysts Viewpoints/Conclusions
  • Appendix

Continue……..

UK Medical Compression Garments Market Report Answers Questions Such As:

  •  What is the market size and forecast of the UK Medical Compression Garments Market
  •  What are the inhibiting factors and impact of COVID-19 on the UK Medical Compression Garments Market during the assessment period
  •  Which are the products/segments/applications/areas to invest in over the assessment period in the UK Medical Compression Garments Market
  •  What is the competitive strategic window for opportunities in the UK Medical Compression Garments Market
  •  What are the technology trends and regulatory frameworks in the UK Medical Compression Garments Market
  •  What is the market share of the leading players in the UK Medical Compression Garments Market
  •  What modes and strategic moves are considered favorable for entering the UK Medical Compression Garments Market

Key Metrics Explored in Report Ocean Research Service:

Market Size: Quantifying the total value or volume of the market to provide a comprehensive understanding of its scale and potential.

Market Growth Rate: Measuring the rate at which the market is growing over specific periods to assess attractiveness and potential for investment.

Market Share: Analyzing the portion or percentage of the market captured by specific companies or products, providing insights into competitive positions.

Customer Satisfaction: Assessing levels of satisfaction or dissatisfaction among customers with a focus on products, services, or brands. This aids in gauging customer loyalty and identifying areas for improvement.

Pricing Analysis: Examining pricing strategies, including average prices, price differentials, and price elasticity, to understand market dynamics.

Market Segmentation: Dividing the market into distinct segments based on demographics, geography, behavior, or psychographics to understand varying needs and preferences.

Customer Acquisition Cost (CAC): Calculating the cost of acquiring a new customer to evaluate the efficiency of marketing and sales efforts.

Customer Lifetime Value (CLV): Measuring the total value a customer generates over their entire relationship with a company to assess long-term profitability.

Return on Investment (ROI): Evaluating the profitability and effectiveness of investments or marketing campaigns by measuring returns relative to costs.

Competitive Analysis: Assessing the performance and strategies of competitors, including market share, revenue growth, product portfolio, and customer satisfaction.

Key Performance Indicators (KPIs): Utilizing specific metrics to measure business or organizational performance, such as sales growth, market penetration, customer retention rate, and profitability.

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About Report Ocean:

Report Ocean stands as a preeminent provider of market research reports within the industry. Renowned globally, we are acclaimed for delivering insightful and informative research reports. Our commitment lies in furnishing clients with a comprehensive blend of both quantitative and qualitative research outcomes. As an integral component of our expansive global network and thorough industry coverage, we offer an in-depth reservoir of knowledge that empowers strategic and well-informed business decisions. Our approach integrates cutting-edge technology, advanced analysis tools, and our proprietary research models, all underpinned by years of expertise. This synergy allows us to craft essential details and facts that consistently surpass expectations.

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