Compression Stockings Market By Distribution Channel (Offline, Online), By Product Type (Knee High, Thigh High), By Demography (Men, Women): Global Opportunity Analysis and Industry Forecast, 2023-2032
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.
Key Benefits For StakeholdersThis 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.
Brands Share Analysis
Key Market SegmentsBy DemographyMen
Women
By Distribution ChannelOffline
Online
By Product TypeKnee High
Thigh High
By RegionNorth 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 Players2XU 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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