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

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.