What are the Historical Developments and Current Growth Metrics of the Compression Stockings Market?
The compression stockings market has seen considerable growth due to a variety of factors.
• The size of the compression stockings market has seen significant growth in previous years. It is projected to climb from $1.75 billion in 2024 to $1.87 billion in 2025, boasting a compound annual growth rate (CAGR) of 6.8%.
This growth in the historical period can be linked to the widespread presence of chronic diseases, advancements in material and design, regulatory support, and medical progressions.
What Does Future Hold for The Compression Stockings Market By 2029?
The compression stockings market is expected to maintain its strong growth trajectory in upcoming years.
• In the upcoming years, the compression stockings market is projected to witness robust growth, eventually expanding to $2.4 billion by 2029 at a CAGR of 6.4%.
The anticipated increase during the forecast period can be linked to factors such as an increase in healthcare spending, the growth of e-commerce, customization and personalization, and an emphasis on preventive healthcare. Prevailing trends for the forecast period comprise an escalating demand for stylish compression stockings, a transition to sustainable materials, integration with digital health, telemedicine, and remote consultations.
What Are The Primary Growth Drivers In The Compression Stockings Market?
The surge in deep vein thrombosis is fuelling the expansion of the compression stockings market. Deep vein thrombosis (DVT) is a medical condition characterized by the formation of blood clots in one or more deep veins, typically in the legs. Factors such as a sedentary lifestyle, obesity, and aging contribute to its rising prevalence. Compression stockings play a crucial role in the management of DVT by enhancing blood circulation, diminishing pain and leg swelling, and reducing the likelihood of blood clot development. For example, data from Nuffield Trust Limited, a UK-based autonomous health-focused think tank, revealed that the UK had the greatest occurrence of DVT in August 2023, with 352 cases per 100,000 hospital discharges in 2021, and an increase to 377 per 100,000 hospital discharges in 2022. Hence, the escalating prevalence of deep vein thrombosis is anticipated to steer the growth of the compression stockings market.
What Is The Segmentation Of The Global Compression Stockings Market?
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
Subsegments:
1) By Compression Socks: Knee-High Compression Socks, Thigh-High Compression Socks, Calf Compression Socks, Ankle Compression Socks, Foot Compression Socks, Compression Sleeves for Legs, Sports Compression Socks, Medical Compression Socks
2) By Compression Hosiery: Compression Tights, Compression Pantyhose, Compression Stockings, Maternity Compression Hosiery, Post-Surgical Compression Hosiery, Anti-Embolism Stockings, Fashion Compression Hosiery, Therapeutic Compression Hosiery
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How Are New Trends Impacting The Size Of The Compression Stockings Market?
Key players in the compression stockings market are concentrating on the creation of novel products like the Female Curves Bodysuits, in order to cater to consumers' needs with more advanced features. The Female Curves Bodysuit is a specially designed piece of clothing that applies controlled pressure to the body, typically used for recovery post-surgery or for other medical necessities. For instance, in January 2023, Marena Group LLC, an American company that produces medical-grade compression clothing, shapewear and sportswear, introduced a novel Female Curves Bodysuit. This product is catered to women who possess naturally curvaceous figures and are considering body contouring procedures such as liposuction to further accentuate their physique. These compression garments are engineered to offer support and enhance comfort throughout the post-operative recovery phase.
Who Are the Key Players In The Compression Stockings Market?
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
What Are The Regional Insights Into The Compression Stockings Market?
North America was the largest region in the compression stockings market in 2024. 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.
