Compression Stockings Market Size valued at USD 1.78 billion in 2021 and expected to reach a value of USD 2.76 billion by 2028, growing at a CAGR of 5.6% during the forecast period 2022-2028. 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 compression stockings 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 compression stockings market. Furthermore, the rising prevalence of chronic diseases is expected to boost demand for compression stockings.
Recent Market Developments:
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.