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What Is the Forecast for the Compression Stockings Market from 2024 to 2025?
In recent times, the market size for compression stockings has experienced significant growth. The market is projected to expand from $1.75 billion in 2024 to $1.87 billion in 2025, with a compound annual growth rate (CAGR) of 6.8%. Factors contributing to growth in the historical period include the increasing prevalence of chronic diseases, improvements in material and design, regulatory backing, and medical advancements.
What Is the Projected Market Size of the Compression Stockings Market?
The market for compression stockings is set to experience robust expansion in the upcoming years, with a projected value of $2.4 billion by 2029 and a compound annual growth rate (CAGR) of 6.4%. The projected growth during this timeframe can be linked to factors like larger healthcare spending, increasing e-commerce adoption, customization preferences, and a greater emphasis on preventative healthcare. Notable trends anticipated during this period encompass a growing preference for stylish compression stockings, a tilt towards ecological materials, the integration of digital health, and a shift towards telemedicine and remote consultations.
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Who are the Major Competitors in the Compression Stockings Market Outlook?
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 Is Fueling Growth in the Compression Stockings Market?
The growth of the compression stockings market is being spurred by the rising occurrence of deep vein thrombosis. Deep vein thrombosis, or DVT, is a health condition in which a blood clot forms in one or more of the body’s deep veins, often in the legs. The rise in deep vein thrombosis cases can be attributed to factors such as sedentary lifestyle, obesity, and an aging demographic. Compression stockings provide significant help in handling DVT by enhancing blood circulation, alleviating leg pain and swelling, and minimizing the chances of blood clot development. For example, in August 2023, the UK-based independent health think tank company Nuffield Trust Limited revealed that the UK had the highest DVT incidence, registering 352 cases per 100,000 hospital discharges in 2021, and this increased to 377 per 100,000 hospital discharges in 2022. As such, the rising incidence of deep vein thrombosis is likely to stimulate the expansion of the compression stockings market.
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Which Compression Stockings Market Segments Are Growing the Fastest?
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
Which Industry Trends Are Shaping the Future of the Compression Stockings Market?
Leading enterprises in the compression stockings market are concentrating on the development of innovative products like Female Curves Bodysuits to better cater to customers with enhanced features. A Female Curves Bodysuit is a specially designed garment which applies a regulated pressure on the body and is typically used for recovery post-surgery or other medical requirements. For example, Marena Group LLC, an American firm specializing in the manufacturing of medical-grade compression garments, shapewear, and activewear, introduced a new female curves bodysuit in January 2023. This particular product targets women with naturally curvy body types who wish to undergo body sculpting procedures such as liposuction to further accentuate their curves. These compression apparel are aimed at offering support and increasing comfort during the post-operative recovery period.
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Which Countries Are Leading 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.
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This Report Delivers Insight On:
1. How big is the compression stockings market, and how is it changing globally?
2. Who are the major companies in the compression stockings market, and how are they performing?
3. What are the key opportunities and risks in the compression stockings market right now?
4. Which products or customer segments are growing the most in the compression stockings market?
5. What factors are helping or slowing down the growth of the compression stockings market?
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