What is Global Compression Socks Market?
The Global Compression Socks Market is a vast and dynamic sector that encompasses a wide range of products designed to improve circulation and alleviate discomfort in the legs. These specially designed socks apply gentle pressure to your legs and ankles, promoting blood flow from your legs to your heart. They can also reduce pain and swelling in your ankles and legs. The market for these products is global, meaning they are sold and used all over the world. The market is driven by various factors such as an increase in the number of surgeries, rising incidence of varicose veins, and growing awareness about health and fitness among consumers. However, the market also faces some challenges such as high cost of products and lack of awareness in developing countries. Despite these challenges, the market has shown significant growth over the years and is expected to continue its upward trajectory in the future.
Mild Compression, Moderate Compression, Firm Compression in the Global Compression Socks Market:
Compression socks come in different levels of tightness, which is measured in mm Hg. Mild compression, moderate compression, and firm compression are the three main categories based on the level of pressure they exert. Mild compression socks, with a pressure range of 8-15 mm Hg, are ideal for those who stand all day at work, pregnant women, or those who travel long distances. Moderate compression socks, with a pressure range of 15-20 mm Hg, are suitable for those with varicose veins, edema, or after surgery. Firm compression socks, with a pressure range of 20-30 mm Hg, are used for severe varicose veins and lymphedema. Each type of compression sock serves a specific purpose and is designed to meet the needs of different individuals. The choice of compression level depends on the severity of the condition and the recommendation of a healthcare professional.
Online Sales, Offline Sales in the Global Compression Socks Market:
The Global Compression Socks Market is divided into two main segments based on the sales channel: online sales and offline sales. Online sales refer to purchases made through e-commerce websites or online retailers. This segment has seen significant growth in recent years due to the convenience of shopping from home and the wide range of products available. Customers can easily compare prices, read reviews, and make informed decisions. On the other hand, offline sales refer to purchases made in physical stores such as pharmacies, medical stores, and department stores. Despite the growth of online sales, offline sales still hold a significant share in the market. This is because many customers prefer to try on the socks before purchasing to ensure the right fit and comfort. Additionally, healthcare professionals often recommend specific brands or types of compression socks, which are usually available in medical stores.
Global Compression Socks Market Outlook:
The Global Compression Socks Market is a thriving sector with a promising future. In 2022, the market was valued at US$ 1040.5 million and is projected to reach a value of US$ 1378.2 million by 2029. This indicates a Compound Annual Growth Rate (CAGR) of 3.5% during the forecast period of 2023-2029. The market is dominated by the top three players who collectively hold a share of about 61%. In terms of geographical distribution, Europe leads the market with a share of about 52%, followed by North America and China with shares of 31% and 4% respectively. This data provides a clear picture of the market's current status and its potential for growth in the coming years.
| Report Metric | Details |
| Report Name | Compression Socks Market |
| Accounted market size in 2022 | US$ 1040.5 million |
| Forecasted market size in 2029 | US$ 1378.2 million |
| CAGR | 3.5% |
| Base Year | 2022 |
| Forecasted years | 2023 - 2029 |
| Segment by Type |
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| Segment by Application |
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| Consumption by Region |
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| By Company | Sigvaris, Medi, Medtronic, Juzo, Essity, Bauerfeind AG, VENOSAN, Medalin Saphena AES, Zhende Medical, Belsana Medical, 3M, Maizi, Cizeta Medicali, Gloria Med, Thuasne |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
