The size of the global compression stockings market was valued at 1.6 billion USD in the year 2020. This value is forecasted to rise 2.4 billion USD by the end of 2025, recording a compound annual growth rate (CAGR) of 8.45% during the foreseen period of 2020 to 2025.
The compression stockings are specialized hosiery products designed to help prevent the occurrence and further progression of disorders such as edema, phlebitis, and thrombosis. The compression stockings are also used to improve and regulate blood flow in one’s leg, preventing leg swelling and blood clots. The market value is expected to increase more during the forecast period with the increase in the number of an aging population and the rising prevalence of chronic diseases worldwide.
One of the major driving factors of the global compression stockings market is the technological advancements by the companies according to the needs of the end-users. The rising prevalence of chronic diseases and infrastructure investments are some of the promoting factors of the global compression stockings market. An increase in the number of the aging population and evolving care models are also supposed to fuel the compression stockings market developments. Moreover, the expansion of health care systems in developing markets is estimated to propel the expansion of the compression stockings market in the future.
The high cost involved is one of the major restraints affecting the growth of the global Compression Stockings market. Another limitation to the progress in the market is the availability of alternative products, which is supposed to have a great impact on the business revenue if not addressed in the initial stages.
Impact of COVID-19 on the global compression stockings market:
As we are aware that since March 2020, all the companies have closed due to coronavirus outbreak, and most of them have terminated their employees due to their inability to pay salaries to them with financial problems. Due to the coronavirus pandemic, all the companies suffer from the production and demand, supply chain and market disruption, and financially. Most of the firms have halted their manufacturing units due to the government authorities' strict lockdown regulations.
With the relaxation of lockdown conditions in all the countries, all the companies have restarted their operations under stringent conditions, which started the supply chain of their products and helped them recover from the financial crisis.
In the field of compression stockings market, the companies related to the market were expecting that the business will record some profits within a short period of time with the increase in the number of the aging population, rising prevalence of chronic diseases, expansion of health care systems in developing markets and infrastructure developments during the projection period.
Furthermore, the companies related to compression stockings are investing huge amounts, especially in the United States, Mexico, China, and Japan, for the new technological advancements in the business that are likely to provide more opportunities to the people to work. This will help the companies and the employees generate more income for the companies in the future.
Market Size Available
2019 to 2025
2020 to 2025
By Product Type, Size, Age Group, Distribution Channel and Region
Various Analyses Covered
Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities
North America, Europe, Asia Pacific, Latin America, Middle East, and Africa
Antares Pharmaceuticals Ltd, Baxter International, Becton Dickinson Company, Elcam Medical, Eli Lily and Company, Unilife Corporation, and West Pharmaceutical Inc.
This research report on the global compression stockings market has been segmented and sub-segmented based on the product type, size, age group, distribution channel, and region.
Compression Stockings Market - By Product Type:
Among these, the thigh-high segment holds the major share of the market because these stockings offer numerous benefits compared to knee-high. The thigh-high compression stockings are available in different styles such as sheer, pattern, opaque, ribbed, and silicon band.
Compression Stockings Market - By Size:
Compression Stockings Market - By Demography:
Among these, the women’s segment holds the market's major share as the majority of the compression stockings products are being designed to target female customers.
Compression Stockings Market - By Distribution Channel:
The offline channel segment holds a substantial portion of the market because these stores offer various options in hygienic products, promoting both branded and private-labeled segments.
Compression Stockings Market – By Region:
Among these regions, North America holds the principal share of the market of Compression Stockings, and it generated 1.8 billion USD sales in the review period. The market is boom is credited to the increase in popularity of compression wear in table tennis, baseball and cycling activities in this area.
Asia Pacific region holds the second-largest share of the market of Compression Stockings due to the rising prevalence of chronic diseases and infrastructure investments and the increase in the number of aging populations across the nations like India, China, Japan, Australia, etc.
The European region is expected to record an increase in market growth during the forecast period due to the companies' increase in investments for the adoption of new technologies that can produce innovative products within shorter intervals.
KEY MARKET PLAYERS:
Some of the notable market participants dominating the global compression stockings market are the European Lingerie Group, Creswell Sock Mills, 2xu Pty Ltd., Leonisa, Ann Chery, Colfax Corporation (DJO Global), Spanx Inc., Triumph International Corporation, I-Runner, and Zhende Medical Group.
1.1 Market Definition
1.2 Scope of the report
1.3 Study Assumptions
1.4 Base Currency, Base Year and Forecast Periods
2. Research Methodology
2.1 Analysis Design
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Data Modelling
2.2.4 Expert Validation
2.3 Study Timeline
3. Report Overview
3.1 Executive Summary
3.2 Key Inferencees
4. Market Dynamics
4.1 Impact Analysis
4.2 Regulatory Environment
4.3 Technology Timeline & Recent Trends
5. Competitor Benchmarking Analysis
5.1 Key Player Benchmarking
5.1.1 Market share analysis
5.1.3 Regional Presence
5.2 Mergers & Acquistion Landscape
5.3 Joint Ventures & Collaborations
6. Market Segmentation
6.1 Compression Stockings Market, By Product Type
6.1.1 Knee High
6.1.2 Thigh High
6.1.3 Market Size Estimations & Forecasts (2019-2024)
6.1.4 Y-o-Y Growth Rate Analysis
6.1.5 Market Attractiveness Index
6.2 Compression Stockings Market, By Size
6.2.4 Market Size Estimations & Forecasts (2019-2024)
6.2.5 Y-o-Y Growth Rate Analysis
6.2.6 Market Attractiveness Index
6.3 Compression Stockings Market, By Demography
6.3.3 Market Size Estimations & Forecasts (2019-2024)
6.3.4 Y-o-Y Growth Rate Analysis
6.3.5 Market Attractiveness Index
6.4 Compression Stockings Market, By Distribution Channel
6.4.3 Market Size Estimations & Forecasts (2019-2024)
6.4.4 Y-o-Y Growth Rate Analysis
6.4.5 Market Attractiveness Index
7. Geographical Landscape
7.1 Global Identity Governance and Administration Market, by Region
7.2 North America - Market Analysis (2018 - 2024)
7.2.1 By Country
7.2.2 By Product Type
7.2.3 By Size
7.2.4 By Demography
7.2.5 By Distribution Channel
7.3.1 By Country
188.8.131.52 Rest of Europe
7.3.2 By Product Type
7.3.3 By Size
7.3.4 By Demography
7.3.5 By Distribution Channel
7.4 Asia Pacific
7.4.1 By Country
184.108.40.206 South Korea
220.127.116.11 South East Asia
18.104.22.168 Australia & NZ
22.214.171.124 Rest of Asia-Pacific
7.4.2 By Product Type
7.4.3 By Size
7.4.4 By Demography
7.4.5 By Distribution Channel
7.5 Latin America
7.5.1 By Country
126.96.36.199 Rest of Latin America
7.5.2 By Product Type
7.5.3 By Size
7.5.4 By Demography
7.5.5 By Distribution Channel
7.6 Middle East and Africa
7.6.1 By Country
188.8.131.52 Middle East
7.6.2 By Product Type
7.6.3 By Size
7.6.4 By Demography
7.6.5 By Distribution Channel
8. Key Player Analysis
8.1 European Lingerie Group
8.1.1 Business Description
8.1.4 SWOT Analysis
8.1.5 Recent Developments
8.1.6 Analyst Overview
8.2 Creswell Sock Mills
8.3 2xu Pty Ltd.
8.5 Ann Chery
8.6 Colfax Corporation
8.7 Spanx Inc
8.8 Triumph International Corporation
8.10 Zhende Medical Group
9. Market Outlook & Investment Opportunities
List of Tables
List of Figures