The compression stocking market was valued at USD 1.5 billion in 2020 and is projected to reach USD 2.4 billion by 2028, expanding at a CAGR of 5.6% during the forecast period, 2021 – 2028. The growth of the market is attributed to rising number of health-conscious consumers.
Compression stockings are one type of specialized hosiery product that is intended to help minimize the spread and progression of vascular disorders such as phlebitis, edema, and thrombosis.
Compression stockings also regulate and improve blood flow in the leg. Stockings with compression, squeeze your legs lightly to help blood flow up your legs. It prevents blood clots and leg swelling, which fuels the demand for compression stockings. Wearing stockings help with preventing post-phlebitis syndrome, which is caused by blood clots in the legs.
Despite the fact that most people associate vein problems with the elderly, current compression socks are worn by people of all ages. For example, many athletes wear compression garments to assist them attain their optimum performance and recover faster, while regular travelers, like airline pilots, use them to avoid DVT.
Compression stockings are also worn by women during pregnancy to reduce the risk of leg edema during pregnancy. People with vein illnesses have strain in their leg veins, which can cause valves within the veins to fail to function properly, resulting in blood flow blockage and pooling in the legs. Compression therapy is used by these clients, and they must use compression stockings during the procedure.
Compression Stocking Market Trends, Drivers, Restraints, and Opportunities
- Rising number of patients who undergo surgeries on their limbs, are suggested to wear compression stockings for proper blood flow, this is estimated to drive the market.
- The number of people suffering from venous problems is expected to increase as the older population grows, which is expected to fuel the market during forecast period.
- Compression stockings' side effects, such as damaged skin, pains, pain, skin irritation, and discomfort, are major problems restricting the market growth.
- Unevenly and excessive distributed pressure from compressed stockings can cause skin to break, especially in malnourished and older patients, as well as those with thin, brittle skin.
- Lack of awareness about the proper use of the stockings act as a major factor hindering the market growth.
- Technological advancement in the compressed stockings is anticipated to create lucrative opportunities for the market players.
Scope of Compression Stocking Market Report
The report on the global compression stocking market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes
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Details
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Report Title
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Compression Stocking Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2020
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Historic Data
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2018–2019
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Forecast Period
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2021–2028
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Segmentation
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Types (Thigh High and Knee High), Distribution Channels (E-commerce and Departmental Stores), Demography (Women and Men)
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Regional Scope
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Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
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Report Coverage
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Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
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Key Players Covered in the Report
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Zhende Medical Group, Spanx Inc., Creswell Sock Mills, Triumph International Corporation, European Lingerie Group, 2xu Pty Ltd., I-Runner, Leonisa, Colfax Corporation (DJO Global), and Ann Chery
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Compression Stocking Market Segment Insights
The thigh high segment accounts for a major market share
Based on types, the compression stocking market is bifurcated into thigh high and knee high.
The thigh high segment accounts for a major market share owing to thigh high compression stockings provide more benefits than knee high. For compression therapy, these stockings not only cover the feet and calves, but also the full leg. Cotton and nylon blends are used in the majority of thigh-high compression stockings.
Thigh-high compression stockings come in a variety of styles, including silicon, sheer, ribbed, opaque, and pattern bands. Some of the well-known brands in the thigh-high compression stocking market are Therafirm, Sigvaris, Solidea, and Solaris.
The offline channel segment is estimated to expand at a rapid pace during the forecast period
In terms of distribution channels, the market is fragmented into E-commerce and departmental stores.
The offline channel segment is estimated to expand at a rapid pace during the forecast period. The offline store segment includes some of the most important brick-and-mortar stores, such as supermarkets/hypermarkets, franchisee stores, and specialty stores.
In order to generate more revenue sales, this type of store implements numerous promotional and marketing activities, such as customer loyalty programs, discounts, and seasonal specials. Moreover, these stores provide a wide range of hygienic product options offering both private-label and branded products.
The women’s segment holds key market share
On the basis of demography, the global compression stocking market is segregated into women and men.
The women’s segment holds key market share. Growth of the segment is attributed to as most of the compression stocking goods are designed for female clients. Women’s compression stockings not only include medical remedies for poor blood circulation, but also include appealing designs, colors, and patterns that meet the needs of the target clients.
One of the most popular types of compression stockings among women is thigh-high compression stockings. Some of the leading brands in the women's compression stockings market are Jobst, Venosan, Sigvaris, Therafirm, CircAid, Truform, and Dr. Scholl’s.
North America dominates the global market
In terms of regions, the compression stocking market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa.
North America dominates the global market with a CAGR of 4.4%. Compression wear’s growing popularity in cycling, table tennis, and baseball, as well as manufacturers ongoing shapeware advancements are driving the market in North America. Compression clothing has become extremely popular among sportsmen and gym enthusiasts.
Due to the surge in popularity of high-end compression garments in the region in recent years, the US dominated the North America stockings market. This is due to a rise in the popularity of attractive and stylish shapewear among women.
Segments
The global compression stocking market has been segmented on the basis of
Types
Distribution Channels
- E-commerce
- Departmental Stores
Demography
Regions
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Players
- Zhende Medical Group
- Spanx Inc.
- Creswell Sock Mills
- Triumph International Corporation
- European Lingerie Group
- 2xu Pty Ltd.
- I-Runner
- Leonisa
- Colfax Corporation (DJO Global)
- Ann Chery
Competitive Landscape
Key players competing in the compression stocking market include Zhende Medical Group, Spanx Inc., Creswell Sock Mills, Triumph International Corporation, European Lingerie Group, 2xu Pty Ltd., I-Runner, Leonisa, Colfax Corporation (DJO Global), and Ann Chery.
Some of these players are using several market strategies such as acquisitions, merger, collaborations, partnerships, capacity expansion, and product launches to enhance their market shares and to generate revenue and raise their production line of the business in the coming years.
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