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North America Medical Compression Socks Market Size, Share & Trends Analysis Report By Target Group (Athletes/Sports People, Travelers, Expecting/Young Moms, Sedentary Professionals), By Region, And Segment Forecasts, 2024 - 2030

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    Report

  • 110 Pages
  • July 2024
  • Region: North America
  • Grand View Research
  • ID: 5990603
The North America medical compression socks market size is anticipated to reach USD 460.93 million by 2030, registering a CAGR of 5.07% from 2024 to 2030, according to a new report. The demand for medical compression socks in the North American market is attributed to heightened health and wellness awareness. According to information from the American Heart Association, cardiovascular disease claims a life every 33 seconds. Compression socks are recognized for their effectiveness in enhancing blood circulation, reducing swelling, and relieving pain associated with cardiovascular conditions, positioning them as a vital component of preventive healthcare. This amplifies consumer adoption of medical compression socks for daily use. In 2021, according to the CDC, over 38 million Americans were reported to be affected by diabetes, influencing the expansion of the market.

Diabetes complications, such as neuropathy, poor circulation, and ulcers, can be managed with the use of medical compression socks, which improve blood flow and decrease pressure on affected areas, prompting healthcare providers to recommend them to patients with diabetes. North American medical compression socks market is driven by improved online accessibility and a diverse range of products available through e-commerce platforms. This enhanced online presence ensures consumers can easily find products that meet their needs and budgets, driving the demand. In addition, technological advancements in materials, design, and manufacturing processes result in high-quality compression socks offering better comfort, breathability, moisture management, and custom fit options. These innovations increase the appeal of medical compression socks to consumers looking for effective health management solutions.

North America Medical Compression Socks Market Report Highlights

  • The athletes/sports people segment dominated the market share by the target group of 33.96% due to compression socks boosting performance by enhancing blood circulation, minimizing muscle tiredness, and providing focused support for muscles and joints. They help in quicker recovery after workouts by reducing muscle discomfort and swelling
  • The travelers segment is expected to grow significantly over the forecast period. Travelers prefer compression socks that mitigate risks and hold up well against regular wear and laundering, maintaining their efficacy. They are user-friendly and simple to slide on and off to meet the convenience needs of travelers while on the move
  • In February 2024, Italian socks knitting machine builder Busi Giovanni exhibited at Exintex, the International Textile Exhibition in Mexico at Puebla's fairgrounds, from 27 February to 1 March 2024. They showcased their range of machines, including those capable of producing medical compression socks


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Table of Contents

Chapter 1. Methodology and Scope
1.1. Market Segmentation & Scope
1.2. Regional Scope
1.3. Estimates And Forecast Timeline
1.4. Research Methodology
1.5. Information Procurement
1.6. Purchased Database
1.7. Internal database
1.8. Secondary Sources
1.9. Primary Research
1.10. Details Of Primary Research
1.11. Information or Data Analysis
1.12. Market Formulation & Validation
1.13. Region Wise Market Calculation
1.13.1. Country Market: CAGR Calculation
1.14. Region - Based Segment Share Calculation
1.15. Model Details
1.15.1. Approach 1: Commodity Flow Approach
1.15.2. Approach 2: Competitive Scenario: Key Segments
1.16. List of Secondary Sources
1.17. List of Abbreviations
Chapter 2. Industry Outlook
2.1. Target Markets and Demographics
2.1.1. Senior Living Facilities in North America
2.1.1.1. U.S
2.1.1.2. Canada
2.1.1.3. Mexico
2.1.2. Primary Healthcare Providers
2.1.2.1. Segmented By Specialty
2.1.2.2. Vascular Surgeons
2.1.2.3. Podiatrists
2.1.2.4. Orthopedic Specialists
2.1.2.5. General Practitioners
2.1.2.6. Wound Care Specialists
2.1.3. Prescription Patterns for Compression Socks
2.1.4. Preferred Brands and Product Types
2.1.5. Best Approaches for Medical Detailing
2.2. Niche Market Analysis
2.2.1. Travelers
2.2.1.1. SWOT Analysis
2.2.1.2. KoL Of Traveler Segment
2.2.2. Expecting/Young Moms
2.2.2.1. SWOT Analysis
2.2.2.2. KoL Of Expecting/Young Moms Segment
2.2.3. Athletes/Sports People
2.2.3.1. SWOT Analysis
2.2.3.2. KoL Of Athletes/Sports People Segment
2.2.4. Sedentary Professionals
2.2.4.1. SWOT Analysis
2.2.4.2. KoL Of Sedentary Professionals Segment
2.2.5. Tailored Marketing Strategies for Each Niche
2.2.5.1. Subscription and Membership Models
2.2.5.2. Collaborations and Partnerships
2.2.5.3. Specialized Product Lines
2.2.5.4. Eco Friendly and Sustainable Options
2.2.5.5. Customization and Personalization
2.2.5.6. Data Analytics
2.2.5.7. SEO and SEM Strategies
2.2.5.8. AR Strategies
2.3. Purchase Influencing Factors
2.3.1. Medical Advice and Condition Severity
2.3.2. Product Attributes (Compression Level, Material, Fit)
2.3.3. Brand Reputation and Medical Endorsements
2.3.4. Economic Factors (Price, Insurance Coverage)
2.3.4.1. Pricing for Compression Socks in U.S.
2.3.4.2. Pricing for Compression Socks in Canada
2.3.4.3. Pricing for Compression Socks in Mexico
2.3.4.4. Reimbursement for Compression Socks in U.S.
2.3.4.5. Reimbursement for Compression Socks in Canada
2.3.4.6. Reimbursement for Compression Socks in Mexico
2.3.5. Hierarchical Model of Decision Factors by Consumer Type
2.3.5.1. Travelers
2.3.5.1.1. Primary Factors:
2.3.5.1.2. Secondary Factors:
2.3.5.1.3. Tertiary Factors:
2.3.5.2. Sedentary Professionals
2.3.5.2.1. Primary Factors:
2.3.5.2.2. Secondary Factors:
2.3.5.2.3. Tertiary Factors:
2.3.5.3. Expecting/Young Moms
2.3.5.3.1. Primary Factors:
2.3.5.3.2. Secondary Factors:
2.3.5.3.3. Tertiary Factors:
2.3.5.4. Athletes/ Sports People
2.3.5.4.1. Primary Factors:
2.3.5.4.2. Secondary Factors:
2.3.5.4.3. Tertiary Factors:
2.4. Quality And Cost - Effective Suppliers
2.4.1. Production Capabilities
2.4.1.1. Quality and Cost - Effective Suppliers
2.4.1.2. Advanced Manufacturing Technology
2.4.1.3. Quality Control and Testing
2.4.1.4. Scalability and Flexibility
2.4.1.5. Supply Chain and Inventory Management
2.4.1.6. Compliance and Certification
2.4.1.7. Research and Development (R&D)
2.4.1.8. Customization Capabilities
2.4.1.9. Supply Chain Management
2.4.1.10. Technological Integration
2.4.2. COST STRUCTURE
2.4.2.1 Raw Materials
2.4.2.2 Manufacturing Costs
2.4.2.3 R&D and Design
2.4.2.4 Distribution and Logistics
2.4.2.5 Marketing and Sales
2.4.2.6 Administrative and Overhead
2.4.2.7. Pricing Strategy
2.4.2.8. Market Positioning
2.4.2.9. Cost - Plus Pricing
2.4.2.10. Competitive Pricing
2.4.2.11. Value - Based Pricing
2.4.2.12. Geographical Pricing
2.4.3. QUALITY CERTIFICATIONS (FDA, CE, ISO)
2.4.3.1. U.S.
2.4.3.2. Canada
2.4.3.3. Mexico
2.4.3.4. Certification Process Overview
2.4.4. Customization Options
2.4.4.1. Compression Levels and Gradients
2.4.4.2. Material and Fabric Choices
2.4.4.3. Design and Aesthetic Options
2.4.4.4. Fit and Size Customization
2.4.4.5. Functional Enhancements
2.4.4.6. Technological Integrations
2.4.4.7. Specialty Options
2.4.5. Lead Times and Reliability
2.4.5.1. Evaluating lead times for standard and customized orders
2.4.5.2. Production Lead Times
2.4.5.3. Supply Chain Considerations
2.4.5.4. Reliability and Quality Assurance
2.4.5.5. Contingency Planning
Chapter 3. North America Medical Compression Socks Market Analysis, by Target Group, 2018 - 2030, (Revenue, USD Million)
3.1. North America Medical Compression Socks Market, By Country, 2018 - 2030 (USD Million)
3.2. North America Medical Compression Socks Market, By Target Group, 2018 - 2030 (USD Million)
3.2.1. U.S. Medical Compression Socks Market, By Target Group, 2018 - 2030 (USD Million)
3.2.2. Canada Medical Compression Socks Market, By Target Group, 2018 - 2030 (USD Million)
3.2.3. Mexico Medical Compression Socks Market, By Target Group, 2018 - 2030 (USD Million)
Chapter 4. Analyst Perspective
4.1. Julius Zorn, Inc.
4.2. Essity
4.3. SIGVARIS GROUP
4.4. Medi
4.5. Goodhew, LLC
4.6. Cardinal Health
4.7. Medline
4.8. Mölnlycke Health Care AB
4.9. CHARMKING
4.10. Thuasne
4.11. COMRAD
4.12. Enovis (DJO, LLC)
4.13. 3M
4.14. beltwell.com
4.15. Surgical Appliance Industries (SAIBrands)
4.16. Ames Walker
List of Figures
Fig. 1 Market research process
Fig. 2 Data triangulation techniques
Fig. 3 Primary research pattern
Fig. 4 Primary interviews in North America
Fig. 5 Primary interviews in Europe
Fig. 6 Primary interviews in APAC
Fig. 7 Primary interviews in Latin America
Fig. 8 Primary interviews in MEA
Fig. 9 Market research approaches
Fig. 10 Value - chain - based sizing & forecasting
Fig. 11 QFD modeling for market share assessment
Fig. 12 Market formulation & validation
Fig. 13 North America medical compression socks market: market outlook
Fig. 14 North America medical compression socks competitive insights
Fig. 15 Parent market outlook
Fig. 16 Related/ancillary market outlook
Fig. 17 North America medical compression socks market driver impact
Fig. 18 North America medical compression socks market restraint impact
Fig. 19 North America medical compression socks market: Target Group movement analysis
Fig. 20 North America medical compression socks market: Target Group outlook and key takeaways
Fig. 21 Athletes/Sports People market estimates and forecast, 2018 - 2030 (USD Million)
Fig. 22 Travelers market estimates and forecast, 2018 - 2030 (USD Million)
Fig. 23 Expecting/Young Moms market estimates and forecast, 2018 - 2030 (USD Million)
Fig. 24 Sedentary Professionals market estimates and forecast, 2018 - 2030 (USD Million)
Fig. 25 Others market estimates and forecast, 2018 - 2030 (USD Million)
Fig. 26 North America Medical Compression Socks market: Regional movement analysis
Fig. 27 North America Medical Compression Socks market: Regional outlook and key takeaways
Fig. 28 North America Medical Compression Socks market share and leading players
Fig. 29 North America, by country
Fig. 30 North America market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 31 U.S. key country dynamics
Fig. 32 U.S. market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 33 Canada key country dynamics
Fig. 34 Canada market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 35 Mexico key country dynamics
Fig. 36 Mexico market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 37 Market share of key market players - North America medical compression socks market
List of Tables
Table 1 List of abbreviation
Table 2 North America medical compression socks market, by region, 2018 - 2030 (USD Million)
Table 3 North America medical compression socks market, by target group, 2018 - 2030 (USD Million)
Table 4 U.S. medical compression socks market, by target group, 2018 - 2030 (USD Million)
Table 5 Canada medical compression socks market, by target group, 2018 - 2030 (USD Million)
Table 6 Mexico medical compression socks market, by target group, 2018 - 2030 (USD Million)

Companies Mentioned

  • Julius Zorn, Inc.
  • Essity
  • SIGVARIS GROUP
  • Medi
  • Goodhew, LLC
  • Cardinal Health
  • Medline
  • Mölnlycke Health Care AB
  • CHARMKING
  • Thuasne
  • COMRAD
  • Enovis (DJO, LLC)
  • 3M
  • beltwell.com
  • Surgical Appliance Industries (SAIBrands)
  • Ames Walker

Methodology

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Table Information