Compression Stockings Market

Global Compression Stockings Market Size (2023 to 2028)

The global compression stockings market size is estimated to be worth USD 2.83 billion by 2028 from USD 1.88 billion in 2023, growing at a CAGR of 8.45% from 2023 to 2028.

MARKET DRIVERS:

Compression stockings are specialized hosiery products designed to help prevent the occurrence and progression of disorders such as edema, phlebitis, and thrombosis. In addition, compression stockings are also used to improve and regulate blood flow in one’s leg, preventing leg swelling and blood clots. The market growth is expected to fuel during the forecast period owing to the growing aging population and the rising prevalence of chronic diseases worldwide. One of the other major driving factors of the global compression stockings market is the technological advancements by the companies according to the needs of the end-users. In addition, 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 aging population and evolving care models are also supposed to fuel the compression stockings market developments. Moreover, the expansion of healthcare systems in developing markets is estimated to propel the expansion of the compression stockings market in the future.

MARKET RESTRAINTS:

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 outbreaks, and most of them have terminated their employees due to their inability to pay salaries to their financial problems. Due to the coronavirus pandemic, all the companies suffer from production and demand, supply chain and market disruption, and financially. In addition, 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 would record some profits within a short period 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, companies related to compression stockings are investing huge amounts, especially in the United States, Mexico, China, and Japan, for the new technological advancements that are likely to provide more opportunities for people to work. This will help the companies and the employees generate more income for the companies in the future.

REPORT COVERAGE:

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:   

• Knee-High
• Thigh High

Among these, the thigh-high segment holds the major market share because these stockings offer numerous benefits compared to knee-high. In addition, thigh-high compression stockings are available in different styles such as sheer, pattern, opaque, ribbed, and silicon bands.

Compression Stockings Market - By Size:   

• Small
• Medium
• Large

Compression Stockings Market - By Demography:   

• Men
• Women

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:   

• Online
• Offline

The offline channel segment holds a substantial portion of the market because these stores offer various hygienic products, promoting both branded and private-labeled segments.

Compression Stockings Market – By Region:

• North America
  • The United States
  • Canada
  • Mexico
  • Rest of North America
• Europe
  • UK
  • Germany
  • France
  • Spain
  • Italy
  • Rest of EU
• Asia-Pacific
  • India
  • China
  • Japan
  • Australia
  • New Zealand
  • South Korea
  • Rest of APAC
• Latin America
  • Brazil
  • Argentina
  • Chile
  • Rest of LATAM
• The Middle East and Africa

Among these regions, North America holds the principal share of the market of Compression Stockings, and it generated 1.8 billion USD in 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 Compression Stockings market due to the rising prevalence of chronic diseases and infrastructure investments and the increase in the number of aging populations across nations like India, China, Japan, Australia, etc.

The European region is expected to increase market growth during the forecast period due to the companies' increase in investments to adopt new technologies that can produce innovative products within shorter intervals.

KEY MARKET PLAYERS:

Some 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.