Global Compression Stockings Market Size Forecast 2024 - 2033
23 Dec, 2024
How Is The Global Compression Stockings Market Defined?
Compression stockings are specialized garments designed to enhance blood circulation to the legs and ankles. They alleviate symptoms of venous disorders such as varicose veins, spider veins, and edema (swelling). They are frequently recommended for individuals who spend prolonged periods sitting or standing, such as travelers, office workers, and athletes, to prevent blood from pooling in the legs and to reduce the risk of blood clots.
Compression Stockings Global Market Report 2024 provides data on the global compression stockings market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The compression stockings market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.
How Is The Global Compression Stockings Market Size Expected To Expand, And At What Annual Growth Rate?
The compression stockings market has demonstrated consistent growth, increasing from $1.65 billion in 2023 to $1.75 billion in 2024 at a CAGR of 6.1%. Growth in the past can be attributed to the prevalence of chronic diseases, improvements in material and design, regulatory support, and medical advancements. The market is expected to reach $2.26 billion in 2028 at a CAGR of 6.5%. Factors driving future growth include higher healthcare spending, the rise of e-commerce, increased product customization, and a focus on preventive healthcare. Emerging trends involve fashionable designs, sustainable materials, digital health integration, and advancements in telemedicine.
What Are The Key Drivers Fueling Growth In The Compression Stockings Market?
The rising occurrence of deep vein thrombosis (DVT) is also expected to propel the growth of the compression stockings market. Compression stockings assist in managing DVT by improving blood circulation, alleviating swelling and pain, and reducing the risk of blood clots. Nuffield Trust Limited recorded a rise in DVT cases in the UK, from 352 per 100,000 hospital discharges in 2021 to 377 per 100,000 in 2022. As the prevalence of DVT continues to increase, demand for compression stockings is expected to rise.
Get Your Free Sample of the Global Compression Stockings Market ReportWhat Are The Principal Market Segments In The Global Compression Stockings Industry?
The compression stockings market covered in this report is segmented –
1) By Type: Compression Socks, Compression Hosiery
2) By Distribution Channel: Offline , Online
3) By Application: Adult men, Adult women, Aged Man, Aged Woman
Which Emerging Market Trends Are Altering The Compression Stockings Sector?
Leading companies in the compression sleeves market are developing advanced products like the Trailblazer calf sleeves to better serve customers. These calf sleeves promote blood flow, aid recovery, and incorporate anti-odor technology, moisture-wicking properties, and abrasion resistance. For instance, in December 2021, BioSkin, a US-based medical equipment manufacturer, launched the Trailblazer calf sleeves. These sleeves are designed to provide pain-relieving compression to the lower leg muscles, tendons, and ligaments. Made from smooth Italian fabric, they offer a high degree of stretch and flexibility to support optimal recovery and performance.
What Is The Leading Region In The Compression Stockings Market?
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.