What is Global Compression Stockings (Elastic Stockings) Market?
The Global Compression Stockings (Elastic Stockings) Market is a vast and dynamic sector that encompasses a wide range of products designed to improve blood circulation and prevent the development of various venous disorders such as edema, phlebitis, and thrombosis. These stockings are typically tightest at the ankle and gradually become less constrictive towards the knees and thighs, thereby promoting blood flow from the legs back towards the heart. The market is driven by a growing global population, increasing prevalence of venous disorders, and rising awareness about the benefits of compression therapy. However, the market's growth is somewhat hampered by the high cost of these products and the lack of reimbursement policies in many countries. Despite these challenges, the market continues to expand, fueled by technological advancements and product innovations.
Gradient Socks, Anti-Embolism Socks in the Global Compression Stockings (Elastic Stockings) Market:
Gradient Socks and Anti-Embolism Socks are two key product types in the Global Compression Stockings (Elastic Stockings) Market. Gradient Socks, also known as graduated compression socks, are designed to apply a certain amount of pressure near your ankle and then apply gradually less and less pressure as they move up the leg. This gradient pressure aids in improving blood flow and reducing swelling and discomfort. On the other hand, Anti-Embolism Socks are used to prevent deep vein thrombosis (DVT), a condition that can occur in patients who are bedridden or inactive for long periods. These socks apply a gentle pressure to your legs to keep blood flowing and prevent clot formation. Both these product types are witnessing increased demand due to the growing awareness about their benefits in preventing and managing venous disorders.
Ambulatory Patients, Post-operative Patients, Pregnant Women, Others in the Global Compression Stockings (Elastic Stockings) Market:
The Global Compression Stockings (Elastic Stockings) Market finds usage in various areas including Ambulatory Patients, Post-operative Patients, Pregnant Women, among others. Ambulatory patients, who are able to walk independently, often use these stockings to prevent or manage venous disorders. Post-operative patients are another major user group as these stockings help in preventing the formation of blood clots, a common post-operative complication. Pregnant women also benefit from these stockings as they help in managing the increased blood volume and hormonal changes that can lead to venous disorders during pregnancy. Other user groups include athletes and individuals with sedentary lifestyles or jobs that require long periods of standing or sitting.
Global Compression Stockings (Elastic Stockings) Market Outlook:
To provide a fresh perspective on the Global Compression Stockings (Elastic Stockings) Market outlook, let's delve into some key figures. In 2022, the market was valued at a substantial US$ 1438.9 million. Looking ahead, it is projected to reach a value of US$ 2174 million by 2029. This indicates a Compound Annual Growth Rate (CAGR) of 6.0% during the forecast period from 2023 to 2029. It's also worth noting that the market is somewhat concentrated, with the top five companies accounting for 60% of the sales share. These figures underscore the market's robust growth potential and the significant opportunities it presents for both existing players and new entrants.
| Report Metric | Details |
| Report Name | Compression Stockings (Elastic Stockings) Market |
| Accounted market size in 2023 | US$ 1532.6 million |
| Forecasted market size in 2029 | US$ 2174 million |
| CAGR | 6.0 |
| Base Year | 2023 |
| Forecasted years | 2023 - 2029 |
| Segment by Type |
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| Segment by Application |
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| Segment by Region |
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| By Company | Medtronic(Covidien), Sigvaris, Medi, BSN Medical, Juzo, 3M, Bauerfeind AG, Thuasne Corporate, Pretty Legs Hosiery, Salzmann-Group, Paul Hartmann, Cizeta Medicali, Belsana Medical, Gloria Med, Zhende Medical Group, Maizi, TOKO, Okamoto Corporation, Zhejiang Sameri, MD |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
