Manufacturers in the global compression garments and stockings market enter into long-term contracts with raw material providers in order to ensure quality, purity, and continuous supply of raw materials, thereby maintaining the quality of the final products. This is one of the key findings in our new report titled “Compression Garments and Stockings Market: Global Industry Analysis & Opportunity Assessment, 2017 – 2027,” which focusses on the performance of the global compression garments and stockings market over a 10 year period from 2017 to 2027. The analysts of XploreMR have observed that the compression garments and stockings market is highly fragmented, with the presence of several small and local market players; besides, most of the market players have a countrywide business presence. After a detailed study of the market, our analysts have noticed that strengthening the product portfolio through mergers and acquisitions is the key strategy of manufacturers in the global compression garments and stockings market. For instance, BSN Medical signed an agreement with Tokyo-based Terumo Corporation, which is one of the world's leading medical device manufacturers. Product innovation is another key approach adopted by leading market players in the global compression garments and stockings market. For example, in March 2015, Medi GmbH & Co KG received the iF DESIGN AWARD 2015 from iF International Forum Design GmbH for its Levamed stabili-tri ankle orthosis used to control the position and motion of the ankle.
One of the important factors we have observed while studying the global compression garments and stockings market is that due to the presence of extensive competition, market players are compelled to reduce prices, provide products with unique features, and create novel designs in compression garments. Further, companies are adopting a differential pricing strategy in various regions to gain larger market share. While inspecting the growth of the global compression garments and stockings market in various regions, our study has revealed that the MEA region is expected to record comparatively less growth at present; however, steadily increasing medical infrastructure has been identified as the most promising factor for future sustained growth of the MEA compression garments and stockings market.
Compression Garments and Stockings Market: Compression Garments Product Type Segment Expected to Retain Its Dominance Throughout the Forecast Period: Global Industry Analysis & Opportunity Assessment, 2017 – 2027Buy Now
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