Global Medical Compression Stocking Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Medical Compression Stocking Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Medical compression stockings are a specialized hosiery designed to help prevent the occurrence of, and guard against further progression of, venous disorders such as edema, phlebitis and thrombosis. Compression stockings are elastic compression garments worn around the leg, compressing the limb. This reduces the diameter of distended veins and increases venous blood flow velocity and valve effectiveness. Compression therapy helps decrease venous pressure, prevents venous stasis and impairments of venous walls, and relieves heavy and aching legs.
Knee-high compression stockings are used not only to help increase circulation, but also to help prevent the formation of blood clots in the lower legs. They also aid in the treatment of ulcers of the lower legs.
Unlike traditional dress or athletic stockings and socks, compression stockings use stronger elastics to create significant pressure on the legs, ankles and feet. Compression stockings are tightest at the ankles and gradually become less constrictive toward the knees and thighs. By compressing the surface veins, arteries and muscles, they force circulating blood through narrower channels. As a result, the arterial pressure is increased, which causes more blood to return to the heart and less blood to pool in the feet.

Market Overview:

The latest research study on the global Medical Compression Stocking market finds that the global Medical Compression Stocking market reached a value of USD 1308.37 million in 2022. It’s expected that the market will achieve USD 1763.71 million by 2028, exhibiting a CAGR of 5.1% during the forecast period.

Expansion of product sales channels

Expanding sales channels will help Compression socks producers increase product sales and reduce product inventory. This requires manufacturers to establish good cooperative relationships with various distributors and retailers, enter the market faster, and occupy a higher market share. In addition, companies need to carry out certain marketing and publicity on their products to form a customer-oriented marketing concept and establish a good brand image. And with the development of the global Internet industry, Compression stocking companies need to actively develop e-commerce channels, and e-commerce may become a new growth point for the Medical Compression Stockings product market.

Rise in awareness of probable side effects of compression stocking

Because compression stockings are very tight, they are difficult to put on. The legs should be kept clean and dry. Wait for the lotion to be absorbed before putting on stockings. This is a point that many stocking users have to consider. As compression stockings are highly utilized to increase blood circulation in the body, prevent the coagulation of fluid in the tissue space, and promote muscle health, more and more people use compression stockings to prevent inflammation and swelling after injury or trauma. But the side effects of compression stockings are also highlighted. And if a person wears stocking for too long, it is more likely to have a negative impact. For example, burning, sweating, broken skin, skin allergies, discomfort, temporary sunken and wrinkled skin, wrong wearing or wrong size socks are more likely to cause problems. People must check their legs and feet every day for signs of injury or irritation. In addition, people often use compression socks in sports, but because compression socks have a certain weight, this weight offsets the sports benefits of compression socks, because this weight is basically close to the weight of lightweight running shoes. This would make patients uncomfortable and lead to them giving up the medical compression stocking.

Region Overview:

In global comparison, a significant portion of the revenue was generated in North America (35.54% in 2021).

Company Overview

Sigvaris Management AG is one of the major players operating in the Medical Compression Stocking market, holding a share of 20.67% in 2020.

Sigvaris Management AG

SIGVARIS is a Swiss based family-owned company with more than 1600 employees worldwide. It is the leading company in compression wear with a rich 150 years of medical expertise. It strives to help people feel their best - every day. Its leadership is based on continuous development and innovation as well as a deep dedication to meet the needs of customers with solutions that make a difference.

Medi GmbH & Co KG

Around 2,700 medi employees worldwide develop innovative solutions for a better quality of life - from Bayreuth to the world. The goal: To enable users and patients to achieve maximum therapeutic success in the medical field (medi Medical) and a unique body feeling in the sports and fashion segment (CEP and ITEM m6).

Segmentation Overview:

As for product types, the Gradiented Compression Stockings segment held the largest market share in 2021.

Gradiented Compression Stockings

True gradient compression stockings improve blood flow. Therefore, stockings are designed to deliver a controlled amount of pressure which is greatest at the distal end (ankle) of the garment and gradually decreases towards the proximal end (top) of the stocking. This gradient pressure promotes better circulation to help control swelling and relieve tired and achy legs.

Anti-Embolism Stockings

Anti-Embolism Stockings are often referred to as compression stockings or compression socks. An anti-embolism stocking is used as a medical compression stocking to treat venous and lymphatic medical problems.

Application Overview:

The market's largest segment by application is the segment Hospitals, with a market share of 37.1% in 2021.

Hospitals

Compression stockings products witness increased demand in various healthcare sectors-hospital being one of the major consumers. Patients who undergo surgeries, especially on their limps due to serious injuries, doctors recommend them to wear compression garments that include compression stockings for proper blood circulation. Hence, surge in demand of different types of compression stockings drives the growth of the global compression stockings market.

Clinics

People who travel frequently, take airplanes, long-distance buses, and flight attendants-commonly referred to as economy class syndrome tend to buy medical compression stocking in clinics. Due to weightlessness at high altitude, the blood flow in the legs is not smooth, leading to venous diseases of the lower limbs. Compression stockings are used after surgery to prevent blood clots developing in the leg, which is known as deep vein thrombosis (DVT).

Key Companies in the global Medical Compression Stocking market covered in Chapter 3:

Cardinal Health
3M
Bauerfeind AG
Cizeta Medicali
Belsana Medical
Medi GmbH & Co KG
Juzo
Gloria Med
Sanyleg
Medtronic plc (Covidien)
Relaxsan
BSN medical
Sigvaris Management AG
Thuasne Corporate

In Chapter 4 and Chapter 14.2, on the basis of types, the Medical Compression Stocking market from 2018 to 2029 is primarily split into:

Gradiented Compression Stockings
Anti-Embolism Stockings

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Medical Compression Stocking market from 2018 to 2029 covers:

Hospitals
Clinics
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)