According to the latest report by IMARC Group, "Global Compression Wear and Shapewear Market Size, Share, Growth, Industry Trends, Opportunity and Forecast 2022-2027", the global compression wear and shapewear market reached a value of US$ 14.19 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 22.27 Billion by 2027 exhibiting a CAGR of 7.50% during 2022-2027.

Compression wear and shapewear are tight-fitted clothing items designed to maintain a specific body posture. They boost athletic performance by reducing muscle fatigue, decreasing the level of exertion, enhancing power and jumping abilities, and improving oxygen flow to muscles. They also help prevent deep vein thrombosis (DVT) and vein congestion. In addition, they aid in keeping the garment dry by lifting water upward from the fabric and allowing sweat to be drawn to the surface. At present, compression wear and shapewear are gaining immense traction among new mothers across the globe as they provide stomach and back support and simplify daily tasks after childbirth.

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Market Trends:

The global compression wear and shapewear market is primarily driven by rising fitness consciousness among individuals due to the prevalence of chronic diseases. Moreover, the rising participation of individuals in sports activities is positively influencing the market. Additionally, the increasing demand for garments made of softer and more breathable fabrics and the easy availability of compression wear and shapewear through online and offline stores have catalyzed market growth.

Furthermore, the escalating demand for compression wear and shapewear, as they help in contouring and making the body appear slimmer by toning excess fat from various parts, such as the thighs and belly, is contributing to the market growth. Other factors, including the rising adoption of compression wear among the geriatric population, inflating consumer disposable incomes, and advancements in garment designs and fabric technology, are also anticipated to drive the market further.

List of Key Companies Covered in this Market Report:

EC3D Orthopaedic, Hanesbrands Inc. (Sara Lee Corporation), Nike Inc., Omtex Healthwear Pvt. Ltd., Orion Manufacturing Inc., Puma SE (Artemis S.A), Spanx Inc., Under Armour Inc., 2XU Pty Ltd, Adidas AG, Anita Dr.Helbig GmbH, Wacoal America Inc and Zoot Sports Inc. (K2 Sports LLC).

Key Market Segmentation:

The report has segmented the market on the basis of product type, gender, distribution channel, region and application.

Breakup by Product Type:

• Compression Wear

o   Bottoms

o   Tops

o   Sleeves

o   Socks, Stockings and Others

• Shapewear

Breakup by Gender:

• Male
• Female

Breakup by Distribution Channel:

• Multi-Retail Stores
• Specialty Retail Stores
• Online Channels

Breakup by Application:

• Performance and Recovery
• Body Shaping and Lifestyle

Breakup by Region:

• North America
• Asia Pacific
• Europe
• Latin America
• Middle East and Africa

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Key highlights of the report:

• Market Performance (2016-2021)
• Market Outlook (2022-2027)
• Porter’s Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape

If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

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