USD 1.99 billion
Compression Stockings Market Size, Share, Growth Analysis, By Product Type(Gradient Compression Stockings, Anti-Embolism Compression Stockings, Non-Medical Compression Stockings, and Custom Compression Stockings.), By Application(Deep Vein Thrombosis, Chronic Venous Disorder and Diabetes Wounds), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG35B2154 |
Region:
Global |
Published Date: March, 2024
Pages:
219
|Tables:
63
|Figures:
70
Compression Stockings Market Insights
Global Compression Stockings Market size was valued at USD 1.99 billion in 2022 and is poised to grow from USD 2.10 billion in 2023 to USD 3.25 billion by 2031, growing at a CAGR of 5.6% in the forecast period (2024-2031).
The compression stockings market is witnessing steady growth driven by the increasing prevalence of various venous disorders, such as deep vein thrombosis (DVT), varicose veins, and lymphedema. Compression stockings are designed to improve blood circulation, reduce leg swelling, alleviate discomfort, and prevent the progression of venous disorders. These stockings apply graduated pressure to the legs, exerting the highest pressure at the ankle and gradually decreasing towards the upper leg.
The market is segmented based on product type, including gradient compression stockings, anti-embolism compression stockings, and non-medical compression stockings. Gradient compression stockings, which offer varying levels of pressure across different parts of the leg, dominate the market due to their effectiveness in managing venous conditions. Additionally, the market is categorized into thigh-length, knee-length, and waist-length stockings to cater to diverse patient needs.
North America holds a significant share in the compression stockings market due to the rising geriatric population and increasing cases of venous disorders. Europe is also a prominent market, driven by a high prevalence of varicose veins and the adoption of preventive healthcare measures. The Asia-Pacific region is experiencing rapid growth due to growing awareness, increasing healthcare infrastructure, and rising disposable income.
Key drivers include the rising aging population, sedentary lifestyles, obesity, and a surge in chronic diseases that contribute to venous disorders. Moreover, advancements in material technologies, the availability of fashionable and comfortable compression stockings, and increasing awareness campaigns about venous health are further propelling market growth. As patients seek non-invasive and cost-effective solutions for managing venous conditions, the compression stockings market is expected to continue its expansion.
US Compression Stockings Market is poised to grow at a sustainable CAGR for the next forecast year.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
Gradient Compression Stockings
Fastest Growth
Gradient Compression Stockings
Growth Rate
5.6% CAGR
Global Compression stockings market ($ Bn)
Country Share for North America Region (%)
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Compression Stockings Market Segmental Analysis
The Global Compression Stockings Market is segmented by Product Type, Application, Distribution channel, Region. Based on Product Type the market is segmented as, Gradient Compression Stockings, Anti-Embolism Compression Stockings, Non-Medical Compression Stockings, and Custom Compression Stockings. Based on Application the market is segmented as, Deep Vein Thrombosis, Chronic Venous Disorder and Diabetes Wounds. Based on Distribution the market is segmented as, Hospital Pharmacies, Retail Pharmacies & Drugs Stores and Online sale. Based on Region the market is segmented as, North America, Europe, Asia Pacific, Latin America, Middle East & Africa
Compression Stockings Market Analysis By Product Type
The compression stockings market is categorized by product type into three main segments: gradient compression stockings, anti-embolism compression stockings, and non-medical compression stockings. Gradient compression stockings are the most prevalent in the market and are therefore dominant since 2022, as they are designed to exert a graduated pressure on the legs, providing the highest compression at the ankle and gradually decreasing pressure towards the upper leg. These stockings are widely used to alleviate symptoms and manage conditions such as varicose veins, deep vein thrombosis (DVT), and edema.
Anti-embolism compression stockings, on the other hand, are specifically designed for individuals at risk of blood clots, especially those recovering from surgeries or immobilized for extended periods and are further projected to emerge as the fastest growing segment. These stockings help prevent blood pooling and clot formation. Non-medical compression stockings cater to a range of needs beyond medical conditions, including sports, travel, and fashion. While offering mild compression, they enhance circulation during activities and reduce leg fatigue. Each product type serves distinct purposes, addressing various medical conditions and lifestyle requirements, contributing to the diverse array of compression stockings available in the market.
Compression Stockings Market Analysis By Application
The compression stockings market is categorized based on application type, encompassing medical and non-medical uses. In the medical segment, compression stockings are utilized for various venous disorders, including deep vein thrombosis (DVT), varicose veins, chronic venous insufficiency, and lymphedema. Thus, this segment is dominant since 2022 These conditions often lead to leg swelling, discomfort, and potential complications, necessitating the use of compression stockings to enhance blood circulation, alleviate symptoms, and prevent disease progression. Medical compression stockings are prescribed by healthcare professionals and are available in different pressure gradients tailored to the severity of the condition.
On the other hand, non-medical compression stockings are projected to emerge as the fastest growing segment as they are designed for individuals who are seeking comfort and support during activities that involve prolonged periods of standing, sitting, or traveling. These stockings are often used by athletes, frequent travelers, and individuals working in occupations that demand prolonged hours on their feet. They offer mild compression to aid in reducing leg fatigue and improving overall comfort. The non-medical segment is witnessing increased demand as individuals recognize the benefits of compression stockings in maintaining leg wellness and reducing discomfort, even in the absence of specific medical conditions. Both medical and non-medical applications contribute to the expanding growth of the compression stockings market as people seek solutions to improve their leg health and overall well-being.
Global Compression stockings market By Product Type
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Compression Stockings Market Regional Insights
The compression stockings market exhibits regional variations driven by factors such as healthcare infrastructure, prevalence of venous disorders, and awareness about leg health. North America holds a significant share due to a growing aging population and a rise in lifestyle-related venous conditions. The region's advanced healthcare facilities and high awareness levels among the population contribute to market growth. Europe is also a prominent market due to a higher prevalence of venous disorders attributed to genetic predisposition and a sedentary lifestyle. The region's emphasis on preventive healthcare and accessibility to medical products further boosts the adoption of compression stockings.
The Asia-Pacific region is witnessing rapid growth as awareness about venous health increases and healthcare infrastructure expands. Rising disposable income and urbanization lead to sedentary lifestyles, contributing to the prevalence of venous conditions. Additionally, the demand for compression stockings in this region is fueled by the growing elderly population and a surge in chronic diseases. Developing regions such as Latin America and the Middle East are gradually recognizing the significance of preventive healthcare measures, propelling the adoption of compression stockings.
In summary, the market's regional dynamics are shaped by a combination of factors including healthcare infrastructure, demographic trends, lifestyle choices, and awareness campaigns. As people become more conscious of venous health and seek non-invasive solutions for leg-related issues, the demand for compression stockings is anticipated to continue growing across various regions.
Global Compression stockings market By Geography
- Largest
- Fastest
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Compression Stockings Market Dynamics
Compression Stockings Market Drivers
Growing Prevalence of Venous Disorders:
- The rising incidence of venous disorders such as deep vein thrombosis (DVT), varicose veins, and chronic venous insufficiency is a major driver for the compression stockings market. These conditions lead to discomfort, swelling, and potential complications, driving the demand for compression stockings to alleviate symptoms and prevent disease progression.
Aging Population:
- The global increase in the aging population is a significant driver, as venous disorders are more common among older individuals. As the elderly population grows, the demand for compression stockings to manage venous health is expected to rise.
Compression Stockings Market Restraints
Lack of Awareness:
- Despite increasing awareness, there are still regions and demographics where people lack awareness about venous disorders and the benefits of compression stockings. This hampers market growth as potential consumers do not realize the value of these products.
Inconvenience:
- Some individuals find wearing compression stockings uncomfortable or inconvenient due to factors like discomfort, difficulty in finding the right fit, and appearance concerns. These factors can impact adoption rates, especially for non-medical applications.
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Compression Stockings Market Competitive Landscape
The competitive landscape of the compression stockings market is characterized by the presence of several established players and a growing number of emerging companies. Leading companies in the market are focusing on product innovation, strategic partnerships, and expanding their distribution networks to maintain their competitive edge. They are investing in research and development to introduce advanced materials, designs, and technologies that enhance the efficacy and comfort of compression stockings.
Key players often engage in collaborations with healthcare professionals and institutions to promote awareness about venous health and the benefits of compression therapy. This not only helps in expanding their customer base but also contributes to establishing their brands as trusted solutions in the medical community.
Compression Stockings Market Top Player’s Company Profile
- Sigvaris
- Medtronic
- BSN Medical
- Juzo
- Medi
- Therafirm
- 3M
- Jobst
- Santemol Group Medikal
- Paul Hartmann
- Cizeta Medicali
- Salzmann-Group
- The Walgreen Company
- Stryker
- Nouvelle, Inc.
Compression Stockings Market Recent Developments
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Together, Nufabrx and Enventys Partners will launch HealthWear, a proprietary smart-textile platform, into the market in November 2023. Because of this partnership between Nufabrx and Enventys Partners, goods with HealthWear technology may be quickly developed and introduced into retailers across the globe.
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Prevena RESTOR AXIO.FORM, an incision Care System from 3M, was introduced in October 2023. It is intended to treat post-operative wounds and the surrounding soft tissue envelope following orthopedic surgical restoration of lower extremity fractures.
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The FDA's 510(k) clearance for AIROS Medical Inc.'s AIROS 8P sequential therapy device and garment system was granted on April 2023. AIROS Medical Inc. is a compression therapy-focused medical technology manufacturer, designer, and specification developer. Additionally, the clearance enables AIROS to provide larger compression therapy garments, such as lower truncal garments for edema in the abdomen.
Compression Stockings Key Market Trends
- Technological Advancements: The compression stockings market is witnessing significant advancements in materials and manufacturing technologies. Innovative materials, such as moisture-wicking fabrics and seamless designs, enhance comfort and wearability while maintaining therapeutic effectiveness.
Compression Stockings Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Component types team that Collects, Collates, Correlates, and Analyzes the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our Global Compression stockings market analysis, the increasing prevalence of venous disorders, aging populations, rising awareness about vascular health, and sedentary lifestyles. Compression stockings provide effective management and prevention of conditions like deep vein thrombosis, varicose veins, and edema. They find application in various sectors including healthcare, sports, and fashion. Regionally, North America and Europe lead the market due to higher healthcare awareness and well-established medical infrastructure. The Asia-Pacific region is also witnessing rapid growth due to an expanding geriatric population and growing healthcare expenditure. The market is segmented based on type, material, application, and distribution channel. As individuals become more conscious of their venous health and the importance of preventive measures, the demand for compression stockings is rising. These garments offer a non-invasive, accessible solution for a range of conditions, aligning with the broader trend of proactive healthcare management. The market's trajectory is further supported by ongoing product innovations and collaborations between medical professionals and industry stakeholders.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 1.99 billion |
| Market size value in 2031 | USD 3.25 billion |
| Growth Rate | 5.6% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Compression Stockings Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Compression Stockings Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Compression Stockings Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Compression Stockings Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Compression Stockings Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Compression Stockings Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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