The global compression stockings market was valued at $1.9 billion in 2022, and is projected to reach $3.4 billion by 2032, growing at a CAGR of 6.1% from 2023 to 2032.The compression stockings market encompasses the industry involved in the production, distribution, and sale of specialized garments designed to improve leg circulation and provide therapeutic benefits. This market includes manufacturers, suppliers, retailers, and healthcare professionals who cater to individuals seeking relief from conditions such as varicose veins, edema, or deep vein thrombosis. With increase in awareness and demand for leg health products, the compression stockings market offers a range of options to meet various needs & preferences.
Increase in prevalence of venous disorders is a significant driver behind the growth of the demand for compression stockings. Venous disorders such as varicose veins, deep vein thrombosis (DVT), and CVI are becoming more common, affecting a substantial portion of the population. These conditions can cause pain, discomfort, swelling, and other complications, leading individuals to seek effective solutions such as compression stockings. Compression stockings are specifically designed to apply pressure to the legs, promoting healthy blood circulation, and preventing blood pooling or stagnation. They help reduce the diameter of veins, improve venous valve function, and enhance the flow of blood back toward the heart. By providing gradual compression, with the greatest pressure at the ankle and gradually decreasing toward the thigh, compression stockings aid in reducing the symptoms & risks associated with venous disorders. As the awareness about venous disorders and their management increases, more people are seeking preventive measures and treatment options. Compression stockings offer a non-invasive, conservative approach for managing venous conditions; thus, widely recommended by healthcare professionals.
However, Surge in awareness regarding the potential side effects of compression garments is impeding the growth of the market. As individuals become more informed, they are increasingly cautious about the potential risks associated with prolonged or improper use of compression garments. Concerns such as skin irritation, discomfort, restricted mobility, and muscle atrophy lead to hesitancy in adopting compression stockings.
The compression stockings market is segmented on the basis of type, demography, distribution channel, and region. By type, it is classified into knee high and thigh high. As per demography, it is classified into men and women. Depending on distribution channel, it is classified into departmental stores and e-commerce. Region wise, it is analyzed across North America (U.S., Canada, and Mexico), Europe (Germany, France, UK, Italy, Spain, and rest of Europe), Asia-Pacific (China, India, Japan, Australia, New Zealand, and rest of Asia-Pacific), and LAMEA (Latin America, Middle East, Africa).
The major players operating in the market focus on key market strategies, such as mergers, product launches, acquisitions, collaborations, and partnerships. Further, they have been focusing on strengthening their market reach to maintain their goodwill in the ever-competitive market. Some of the key players in the compression stockings market include Spanx Inc., Triumph International Corporation, 2xu Pty Ltd., Leonisa, Ann Chery, Colfax Corporation (DJO Global), I-Runner, European Lingerie Group, Creswell Sock Mills, and Zhende Medical Group.
Increase in prevalence of venous disorders is a significant driver behind the growth of the demand for compression stockings. Venous disorders such as varicose veins, deep vein thrombosis (DVT), and CVI are becoming more common, affecting a substantial portion of the population. These conditions can cause pain, discomfort, swelling, and other complications, leading individuals to seek effective solutions such as compression stockings. Compression stockings are specifically designed to apply pressure to the legs, promoting healthy blood circulation, and preventing blood pooling or stagnation. They help reduce the diameter of veins, improve venous valve function, and enhance the flow of blood back toward the heart. By providing gradual compression, with the greatest pressure at the ankle and gradually decreasing toward the thigh, compression stockings aid in reducing the symptoms & risks associated with venous disorders. As the awareness about venous disorders and their management increases, more people are seeking preventive measures and treatment options. Compression stockings offer a non-invasive, conservative approach for managing venous conditions; thus, widely recommended by healthcare professionals.
However, Surge in awareness regarding the potential side effects of compression garments is impeding the growth of the market. As individuals become more informed, they are increasingly cautious about the potential risks associated with prolonged or improper use of compression garments. Concerns such as skin irritation, discomfort, restricted mobility, and muscle atrophy lead to hesitancy in adopting compression stockings.
The compression stockings market is segmented on the basis of type, demography, distribution channel, and region. By type, it is classified into knee high and thigh high. As per demography, it is classified into men and women. Depending on distribution channel, it is classified into departmental stores and e-commerce. Region wise, it is analyzed across North America (U.S., Canada, and Mexico), Europe (Germany, France, UK, Italy, Spain, and rest of Europe), Asia-Pacific (China, India, Japan, Australia, New Zealand, and rest of Asia-Pacific), and LAMEA (Latin America, Middle East, Africa).
The major players operating in the market focus on key market strategies, such as mergers, product launches, acquisitions, collaborations, and partnerships. Further, they have been focusing on strengthening their market reach to maintain their goodwill in the ever-competitive market. Some of the key players in the compression stockings market include Spanx Inc., Triumph International Corporation, 2xu Pty Ltd., Leonisa, Ann Chery, Colfax Corporation (DJO Global), I-Runner, European Lingerie Group, Creswell Sock Mills, and Zhende Medical Group.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the compression stockings market analysis from 2022 to 2032 to identify the prevailing compression stockings market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the compression stockings market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global compression stockings market trends, key players, market segments, application areas, and market growth strategies.
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- Brands Share Analysis
Key Market Segments
By Demography
- Men
- Women
By Distribution Channel
- Offline
- Online
By Product Type
- Knee High
- Thigh High
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- Australia
- New Zealand
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
- Key Market Players
- 2XU Pty Ltd.
- Spanx, LLC
- Creswell Sock Mills
- FIGS, Inc.
- Away
- Swiftwick
- Zensah
- Triumph Home Health Supplies
- Enovis Corporation
- European Lingerie Group AB
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Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: COMPRESSION STOCKINGS MARKET, BY DISTRIBUTION CHANNEL
CHAPTER 5: COMPRESSION STOCKINGS MARKET, BY PRODUCT TYPE
CHAPTER 6: COMPRESSION STOCKINGS MARKET, BY DEMOGRAPHY
CHAPTER 7: COMPRESSION STOCKINGS MARKET, BY REGION
CHAPTER 8: COMPETITIVE LANDSCAPE
CHAPTER 9: COMPANY PROFILES
List of Tables
List of Figures
Executive Summary
According to the report, the compression stockings market was valued at $1.9 billion in 2022, and is estimated to reach $3.4 billion by 2032, growing at a CAGR of 6.1% from 2023 to 2032.The compression stockings market encompasses the industry involved in the production, distribution, and sale of specialized garments designed to improve leg circulation and provide therapeutic benefits. This market includes manufacturers, suppliers, retailers, and healthcare professionals who cater to individuals seeking relief from conditions such as varicose veins, edema, or deep vein thrombosis. With increase in awareness and demand for leg health products, the compression stockings market offers a range of options to meet various needs & preferences.
The compression stockings market is witnessing substantial growth driven by various industry trends and growth factors. These stockings are specially designed to improve blood circulation in the legs and alleviate various health conditions like deep vein thrombosis, varicose veins, and edema. The global market for compression stockings is expected to continue its upward trajectory, reaching new heights.
One significant trend in the compression stockings market is the increasing awareness of their benefits among consumers. As people become more health-conscious and aware of the risks associated with sedentary lifestyles, the demand for compression stockings as a preventive measure is on the rise. Additionally, advancements in textile technology have led to the development of more comfortable and stylish compression stockings, further driving their adoption.
The aging population is a significant growth driver for the compression stockings market. With a higher prevalence of age-related health issues like venous disorders, the demand for these medical garments is expected to surge. Furthermore, the rise in the number of surgical procedures and increasing cases of obesity contribute to the growing need for compression stockings for post-operative care and to manage edema effectively.
One of the primary challenges facing the compression stockings industry is price sensitivity. High-quality compression stockings can be relatively expensive, and this can deter some potential customers. Moreover, compliance remains a challenge as patients may find it uncomfortable to wear compression stockings regularly. Addressing these issues will be crucial for sustained market growth.
Surge in awareness regarding the potential side effects of compression garments is impeding the growth of the market. As individuals become more informed, they are increasingly cautious about the potential risks associated with prolonged or improper use of compression garments. Concerns such as skin irritation, discomfort, restricted mobility, and muscle atrophy lead to hesitancy in adopting compression stockings. This increase in awareness has resulted in some potential customers opting for alternative solutions or seeking professional advice before using compression garments. Manufacturers and marketers in the compression stockings market must address these concerns and provide clear guidelines to alleviate apprehensions and regain consumer confidence.
The compression stockings market presents promising business opportunities for manufacturers, especially those who focus on product innovation and expanding their product lines. Targeting niche markets such as athletes who use compression stockings for performance enhancement and recovery can also open up new revenue streams. Furthermore, partnerships with healthcare providers and e-commerce expansion can help businesses reach a broader customer base.
In conclusion, the compression stockings market is poised for continued growth due to increasing awareness, a growing aging population, and advancements in product technology. However, addressing pricing concerns and improving patient compliance are essential challenges to overcome. Businesses that capitalize on these opportunities and adapt to the evolving market dynamics are likely to thrive in this burgeoning industry.
The compression stockings market is segmented on the basis of type, demography, distribution channel, and region. By type, it is classified into knee high and thigh high. As per demography, it is classified into men and women. Depending on distribution channel, it is classified into departmental stores and e-commerce. Region wise, it is analyzed across North America (U.S., Canada, and Mexico), Europe (Germany, France, UK, Italy, Spain, and rest of Europe), Asia-Pacific (China, India, Japan, Australia, New Zealand, and rest of Asia-Pacific), and LAMEA (Latin America, Middle East, Africa).
The major players operating in the market focus on key market strategies, such as mergers, product launches, acquisitions, collaborations, and partnerships. Further, they have been focusing on strengthening their market reach to maintain their goodwill in the ever-competitive market. Some of the key players in the compression stockings market include Spanx Inc., Triumph International Corporation, 2xu Pty Ltd., Leonisa, Ann Chery, Colfax Corporation (DJO Global), I-Runner, European Lingerie Group, Creswell Sock Mills, and Zhende Medical Group.
KEY FINDINGS OF THE STUDY
- By product type, the Thigh High segment was the highest revenue contributor to the market in 2022 and is expected to grow at a significant CAGR during the forecast period.
- By demography, the Women segment was the highest revenue contributor to the market in 2022 and is expected to grow at a significant CAGR during the forecast period.
- By distribution channel, the offline segment was the highest revenue contributor to the market in 2022 and is expected to grow at a significant CAGR during the forecast period.
- By region, North America was the highest revenue contributor to the market in 2022 and is expected to grow at a significant CAGR during the forecast period.
Companies Mentioned
- 2XU Pty Ltd.
- Spanx, LLC
- Creswell Sock Mills
- FIGS, Inc.
- Away
- Swiftwick
- Zensah
- Triumph Home Health Supplies
- Enovis Corporation
- European Lingerie Group AB
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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