IMARC Group, a leading market research company, has recently releases report titled “Compression Stockings Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global compression stockings market report, share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
How Big is the Compression Stockings Market?
|Market Size in 2022||US$ 1.5 Billion|
|Market Forecast in 2028||US$ 2.1 Billion|
|Growth rate (2023 to 2028)||CAGR of 5.1%|
|Base Year of the Analysis||2022|
What are Compression Stockings?
Compression stockings are specialized hosiery designed to apply gentle pressure to the ankles and calves, with the aim of improving blood flow, reducing pain, and preventing the formation of blood clots. They are particularly useful in alleviating lower extremity symptoms associated with venous insufficiency during pregnancy, and can be used as a non-pharmacological treatment option for individuals suffering from orthostatic hypotension (OH). There are several types of compression stockings available, including graduated compression stockings (GCS), anti-embolism stockings, and non-medical support hosiery. By helping to prevent edema, lymphedema, phlebitis, spider and varicose veins, and deep vein thrombosis (DVT), compression stockings offer an effective way to enhance circulation and promote overall leg health.
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What are the growth prospects and trends in the Compression Stockings Industry?
The growing incidences of chronic venous diseases (CVDs) that require extensive treatment and hospitalization are among the key factors stimulating the compression stockings market. Furthermore, the rising prevalence of obesity, on account of sedentary lifestyles, is also positively influencing the global market.
Apart from this, the widespread adoption of compression stockings in the treatment of venous leg ulcers (VLU), as it results in ulcer healing, reduction of pain, prevention of recurrence, etc., is acting as another significant growth-inducing factor. Moreover, the escalating demand for these stockings to aid narrow veins, restore valve competence, minimize ambulatory venous pressure, reduce venous reflux (VR), etc., is propelling the market growth.
Besides this, the increasing focus on aggressive promotional activities by leading manufacturers for advertising compression stockings to runners, triathletes, and other endurance athletes is further augmenting the global market. Additionally, the expanding geriatric population and the elevating investments in the sports industry are expected to fuel the compression stockings market over the forecasted period.
What is included in market segmentation?
The report has segmented the market into the following categories:
Breakup by Product Type:
- Knee High
- Thigh High
Breakup by Demography:
Market Breakup by Distribution Channel:
Breakup by Region:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
Who are the key players operating in the industry?
The report covers the major market players including:
- 2XU Pty Ltd.
- Bauerfeind AG
- Creswell Sock Mills
- DJO LLC (Enovis Corporation)
- Gloria Med Spa
- Manifattura Cizeta s.r.l.
- medi GmbH & Co. KG
- Sigvaris AG (Sigvaris Management AG)
- Spanx Inc.
- Triumph Home Health Supplies
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