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 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?
The global compression stockings market size reached US$ 1.5 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 2.1 Billion by 2028, exhibiting a growth rate (CAGR) of 5.1% during 2023-2028.
Compression stockings, also known as compression socks, refer to a specialized hosiery garment that is designed to provide gentle pressure to legs and feet. They are manufactured from elastic materials and are widely available as graduated, anti-embolism, and nonmedical support hosiery compression stockings in different sizes, designs, colors, shapes, strengths, and textures. They are cost-effective, easy to wear, stretchable, convenient, easily washable, and effective. They allow blood to flow in an upward direction and decrease the risk of orthostatic hypotension, which causes lightheadedness while standing. They lower the risk of deep vein thrombosis (DVT), prevent tissue damage, and provide an adequate amount of oxygen to muscles. They assist in reducing pain, inhibiting the formation of clots and leg swelling, and improving blood flow to the heart without obstructions among individuals. They are also beneficial for muscles, as they reduce cramps and improve lymphatic drainage. Besides this, they aid in enabling the proper functioning of vein valves and providing relief from various disorders related to veins and circulatory systems. As they prevent leg ulcers and postphlebitic syndrome among individuals, the demand for compression stockings is increasing across the globe.
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What are the growth prospects and trends in the compression stockings industry?
At present, the rising prevalence of several chronic diseases, such as diabetes, hypertension, and cardiovascular disorders, among individuals around the world represents one of the key factors supporting the growth of the market. Besides this, the increasing adoption of compression stockings among patients undergoing various surgeries to maintain good blood circulation is strengthening the growth of the market. Additionally, there is a rise in the demand for soft, comfortable, and cost-efficient healing solutions among individuals across the globe.
This, coupled with the increasing employment of compression stockings among the geriatric population, as they are more prone to several diseases, is propelling the growth of the market. Apart from this, the growing adoption of compression stockings due to the rising consumer preference for compression therapy that provide vein support is positively influencing the market. In addition to this, the wide availability of compression stockings through online and offline distribution channels worldwide is contributing to the growth of the market.
Moreover, the increasing utilization of compression stockings to prevent the occurrence or progression of venous diseases, such as edema, phlebitis, and thrombosis, among individuals across the globe is offering lucrative growth opportunities to industry investors. Furthermore, governing agencies of various countries are focusing on improving healthcare facilities and devices to provide enhanced medical support to individuals around the world.
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:
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, Belsana, 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., Thuasne and Triumph Home Health Supplies.
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