Compression Stockings Global Market Report 2024

The compression stockings market size has grown strongly in recent years. It will grow from $1.65 billion in 2023 to $1.75 billion in 2024 at a compound annual growth rate (CAGR) of 6.1%. The expansion witnessed during the historic period can be ascribed to several factors, including the prevalence of chronic diseases, advancements in materials and design, regulatory backing, and progressions in medical technology.

The compression stockings market size is expected to see strong growth in the next few years. It will grow to $2.26 billion in 2028 at a compound annual growth rate (CAGR) of 6.5%. The anticipated growth in the forecast period can be linked to increasing healthcare expenditure, the proliferation of e-commerce platforms, emphasis on customization and personalization, and a heightened focus on preventive healthcare measures. Significant trends expected during this period encompass a growing demand for fashionable compression stockings, a shift towards sustainable materials, integration of digital health solutions, and the rise of telemedicine and remote consultations.

The growth of the compression stockings market is being propelled by the increasing prevalence of deep vein thrombosis (DVT). DVT, characterized by blood clot formation in deep veins, particularly in the legs, is on the rise due to factors such as sedentary lifestyles, obesity, and aging populations. Compression stockings play a crucial role in managing DVT by enhancing blood flow, alleviating leg pain and swelling, and reducing the risk of blood clots. For instance, in August 2023, Nuffield Trust Limited reported a surge in DVT cases in the UK, with incidences rising from 352 to 377 per 100,000 hospital discharges between 2021 and 2022. This trend underscores the anticipated growth of the compression stockings market.

Key players in the compression stockings market are prioritizing innovation to cater to evolving customer needs. They are introducing advanced products such as Female Curves Bodysuits, tailored to offer enhanced features and benefits. Female Curves Bodysuits are specialized garments designed to apply controlled pressure on the body, commonly used post-surgery or for medical purposes. For instance, in January 2023, Marena Group LLC unveiled a new Female Curves Bodysuit targeted at women with naturally curvy body types, especially those undergoing body sculpting procedures such as liposuction. These compression garments are engineered to provide support and enhance comfort during the post-surgery recovery phase.

In April 2021, Essity, a leading hygiene and health company based in Sweden, completed the acquisition of ABIGO Medical AB, bolstering its presence in medical solutions, particularly in advanced wound care innovation. ABIGO Medical AB, also based in Sweden, specializes in medical solutions and offers women's compression socks.

Major companies operating in the compression stockings market are Medtronic, Creswell Sock Mills, Enovis Corporation, DJO LLC, FIGS Inc., BSN Medical, Spanx LLC, SIGVARIS, Bauerfeind AG, Away, 2XU Pty Ltd., Julius Zorn GmbH, medi GmbH & Co. KG, Design Veronique, Gloria Med Spa, Triumph Home Health Supplies, Swiftwick, European Lingerie Group AB, Zensah, Bio Compression System, Devon Medical Products, Flow Aid Medical Technologies, Santemol Group Medikal, Belsana, Thuasne, Manifattura Cizeta s.r.l.

North America was the largest region in the compression stockings market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the compression stockings market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The countries covered in the compression stockings market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Compression stockings are specialized attire engineered to bolster blood circulation in the legs and ankles, effectively mitigating symptoms associated with venous disorders such as varicose veins, spider veins, and edema (swelling). They are often prescribed for individuals engaged in prolonged sitting or standing activities, including travelers, office workers, and athletes, to thwart the accumulation of blood in the lower limbs and diminish the likelihood of blood clots.

The primary categories of compression stockings include compression socks and compression hosiery. Compression socks are tailored garments that administer graduated pressure to enhance blood flow in the legs, commonly utilized to forestall swelling and minimize the risk of blood clots. These products are available through various distribution channels, encompassing both offline and online avenues, catering to the needs of adult men, adult women, as well as aged men and women.

The compression stockings market research report is one of a series of new reports that provides compression stockings market statistics, including compression stockings industry global market size, regional shares, competitors with compression stockings market share, detailed compression stockings market segments, market trends, and opportunities, and any further data you may need to thrive in the compression stockings industry. This compression stockings market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The compression stockings market consists of sales of compression stockings for pantyhose, maternity, and waist attachment. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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