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Muni Kumar Meravath is a seasoned Healthcare Market Research Analyst with over 6 years of experience in the healthc.....
Compression Stockings Market By Product Type, By Application, and Region Forecast 2019-2030
Compression Stockings Market By Product Type, By Application, and Region Forecast 2019-2030
Compression Stockings Market Size valued at US$ 2.64 billion in 2023 and is poised to grow at a CAGR of 5.7% from 2024-2030. The growing number of health-conscious consumers and patients suffering from venous disorders and the increased use of physical exercise as part of one's daily routine and beauty consciousness are fueling the market growth.
Additionally, compression garments' stylish designs and comforting fabric have replaced traditional gym outfits such as T-shirts and shorts. Thus, such lifestyle changes have propelled the growth of the global market. Strategic collaborations are critical for the market's overall development. The women's segment has a higher value share than the men's segment because most compression stocking products are designed for female customers in the market.
Compression stockings for women provide medical solutions for poor blood circulation in one's leg, but they also have appealing designs, patterns, and colors that cater to target customers' needs. Thigh-high compression stockings are one of the most popular stockings among females. The world's growing geriatric population, combined with an increase in diabetes cases, are the primary factors expected to influence the growth of the market. Furthermore, the rising prevalence of chronic diseases is expected to boost demand for compression stockings.
In January 2021, Thuasne SAS, a prominent medical devices manufacturer in Europe, acquired Knit-Rite Inc. and its division Therafirm which is dedicated to providing compression products, including compression socks.
Study Period
2024-2030Base Year
2023CAGR
5.7%Largest Market
North-AmericaFastest Growing Market
Europe
Rising chronic disease prevalence, the expansion of health care systems in developing markets, infrastructure investments, and technological advancements are important factors driving market growth in value sales. Furthermore, the side effects of compression stockings, such as pain, skin irritation, broken skin, aches, and discomfort, are significant factors limiting the growth.
The compression stockings market in North America is likely to hold the highest revenue share in 2021. Demand is surging primarily due to increasing instances of varicose veins, especially in the U.S. The region's market is also expanding due to rising consumer health consciousness and the rising popularity of compression wear in the sports industry. Furthermore, Europe is the fastest-growing market accounting for the increasing demand for compression socks as people become more aware of their importance and the government invests more in developing innovative healthcare products.
Latin America
Europe
Asia Pacific
Middle East
North America
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Report Benchmarks |
Details |
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Report Study Period |
2024-2030 |
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Market Size in 2023 |
US$ 2.64 billion |
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Market CAGR |
5.7% |
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By Product Type |
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By Application |
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By Region |
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The global compression stockings market size was valued at US$ 2.64 billion in 2023 and is projected to grow at a CAGR of 5.7% from 2024-2030.
3M, Colfax Corp., Bauerfeind AG, Belsana Medical, Sigvaris Management AG
The Europe is the fastest-growing region for the Compression Stockings market
| 1.Executive Summary |
| 2.Global Compression Stockings Market Introduction |
| 2.1.Global Compression Stockings Market - Taxonomy |
| 2.2.Global Compression Stockings Market - Definitions |
| 2.2.1. By Product |
| 2.2.2. By Application |
| 2.2.3. By Region |
| 3.Global Compression Stockings Market Dynamics |
| 3.1. Drivers |
| 3.2. Restraints |
| 3.3. Opportunities/Unmet Needs of the Market |
| 3.4. Trends |
| 3.5. Product Landscape |
| 3.6. New Product Launches |
| 3.7. Impact of COVID 19 on Market |
| 4.Global Compression Stockings Market Analysis, 2019 - 2023 and Forecast 2024 - 2030 |
| 4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) |
| 4.3. Market Opportunity Analysis |
| 5.Global Compression Stockings Market By Product, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 5.1. Thigh High |
| 5.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.3. Market Opportunity Analysis |
| 5.2. Knee High |
| 5.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.2.3. Market Opportunity Analysis |
| 5.3. Pantyhose/Maternity |
| 5.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.3.3. Market Opportunity Analysis |
| 5.4. Waist Attachment |
| 5.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.4.3. Market Opportunity Analysis |
| 6.Global Compression Stockings Market By Application, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 6.1. Ambulatory Patients |
| 6.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.1.3. Market Opportunity Analysis |
| 6.2. Post-Operative Patients |
| 6.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.2.3. Market Opportunity Analysis |
| 6.3. Pregnant Women |
| 6.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.3.3. Market Opportunity Analysis |
| 7.Global Compression Stockings Market By Region, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 7.1. North America |
| 7.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.1.3. Market Opportunity Analysis |
| 7.2. Europe |
| 7.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.2.3. Market Opportunity Analysis |
| 7.3. Asia Pacific (APAC) |
| 7.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.3.3. Market Opportunity Analysis |
| 7.4. Middle East and Africa (MEA) |
| 7.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.4.3. Market Opportunity Analysis |
| 7.5. Latin America |
| 7.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.5.3. Market Opportunity Analysis |
| 8.North America Compression Stockings Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 8.1. Product Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 8.1.1.Thigh High |
| 8.1.2.Knee High |
| 8.1.3.Pantyhose/Maternity |
| 8.1.4.Waist Attachment |
| 8.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 8.2.1.Ambulatory Patients |
| 8.2.2.Post-Operative Patients |
| 8.2.3.Pregnant Women |
| 8.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 8.3.1.United States of America (USA) |
| 8.3.2.Canada |
| 9.Europe Compression Stockings Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 9.1. Product Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.1.1.Thigh High |
| 9.1.2.Knee High |
| 9.1.3.Pantyhose/Maternity |
| 9.1.4.Waist Attachment |
| 9.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.2.1.Ambulatory Patients |
| 9.2.2.Post-Operative Patients |
| 9.2.3.Pregnant Women |
| 9.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.3.1.Germany |
| 9.3.2.France |
| 9.3.3.Italy |
| 9.3.4.United Kingdom (UK) |
| 9.3.5.Spain |
| 10.Asia Pacific (APAC) Compression Stockings Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 10.1. Product Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.1.1.Thigh High |
| 10.1.2.Knee High |
| 10.1.3.Pantyhose/Maternity |
| 10.1.4.Waist Attachment |
| 10.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.2.1.Ambulatory Patients |
| 10.2.2.Post-Operative Patients |
| 10.2.3.Pregnant Women |
| 10.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.3.1.China |
| 10.3.2.India |
| 10.3.3.Australia and New Zealand (ANZ) |
| 10.3.4.Japan |
| 10.3.5.Rest of APAC |
| 11.Middle East and Africa (MEA) Compression Stockings Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 11.1. Product Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.1.1.Thigh High |
| 11.1.2.Knee High |
| 11.1.3.Pantyhose/Maternity |
| 11.1.4.Waist Attachment |
| 11.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.2.1.Ambulatory Patients |
| 11.2.2.Post-Operative Patients |
| 11.2.3.Pregnant Women |
| 11.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.3.1.GCC Countries |
| 11.3.2.South Africa |
| 11.3.3.Rest of MEA |
| 12.Latin America Compression Stockings Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 12.1. Product Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.1.1.Thigh High |
| 12.1.2.Knee High |
| 12.1.3.Pantyhose/Maternity |
| 12.1.4.Waist Attachment |
| 12.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.2.1.Ambulatory Patients |
| 12.2.2.Post-Operative Patients |
| 12.2.3.Pregnant Women |
| 12.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.3.1.Brazil |
| 12.3.2.Mexico |
| 12.3.3.Rest of LA |
| 13. Competition Landscape |
| 13.1. Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) |
| 13.2.1.Essity (BSN Medical) |
| 13.2.2.Cardinal Health, Inc. |
| 13.2.3.3M |
| 13.2.4.Colfax Corp. (DJO Global, Inc.) |
| 13.2.5.Indus Holding AG (Ofa Bamberg) |
| 13.2.6.Sigvaris Management AG |
| 13.2.7.Medi GmbH and Co. KG |
| 13.2.8.Bauerfeind AG |
| 13.2.9.Julius Zorn, Inc. |
| 13.2.10.Belsana Medical |
| 14. Research Methodology |
| 15. Appendix and Abbreviations |
Key Market Players
Author
Muni Kumar Meravath is a seasoned Healthcare Market Research Analyst with over 6 years of experience in the healthcare domain, encompassing pharmaceuticals, medical devices, and diagnostics. A graduate in Pharmacy, he possesses a strong foundation in the intricacies of the healthcare sector. He further enhanced his expertise by pursuing an MBA in Pharmaceuticals, equipping him with valuable business acumen. His analytical skills and market insights have contributed to strategic decision-making and enhanced market positioning for various healthcare organizations. Committed to driving innovation and excellence, Muni continues to seek opportunities to improve healthcare delivery through data-driven insights.