The compression stockings global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Compression Stockings Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The compression stockings market size has grown strongly in recent years. It will grow from $1.65 billion in 2023 to $1.75 billion in 2024 at a compound annual growth rate (CAGR) of 6.1%. The growth in the historic period can be attributed to prevalence of chronic diseases, advancements in material and design, regulatory support, medical advancements.
The compression stockings market size is expected to see strong growth in the next few years. It will grow to $2.26 billion in 2028 at a compound annual growth rate (CAGR) of 6.5%. The growth in the forecast period can be attributed to growing healthcare expenditure, expansion of e-commerce, customization and personalization, focus on preventive healthcare. Major trends in the forecast period include rising demand for fashionable compression stockings, shift towards sustainable materials, digital health integration, telemedicine and remote consultations.
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Scope Of Compression Stockings Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Compression Stockings Market Overview
Market Drivers –
The increasing prevalence of deep vein thrombosis is driving the growth of the compression stockings market going forward. Deep vein thrombosis (DVT) is a condition where a blood clot forms in one or more deep veins in the body, commonly in the legs. The prevalence of deep vein thrombosis is increasing due to a sedentary lifestyle, obesity, and the aging population. Compression stockings are beneficial in managing deep vein thrombosis (DVT) by improving blood flow, reducing pain and swelling in the legs, and lowering the risk of developing blood clots. For instance, in August 2023, according to Nuffield Trust Limited, a UK-based independent health think tank company, the UK recorded the highest incidence of DVT, with 352 cases per 100,000 hospital discharges in 2021 and increasing to 377 per 100,000 hospital discharges in 2022. Therefore, the increased prevalence of deep vein thrombosis is expected to propel the growth of the compression stockings market.
Market Trends –
Major companies operating in the cloud manufacturing market are developing manufacturing-specific cloud platforms, such as Manufacturing Data Engine and Manufacturing Connect, to gain a competitive edge in the market. Manufacturing Data Engine and Manufacturing Connect is a cloud-based software solution designed explicitly for the manufacturing industry that offers a range of functionalities tailored to address the unique needs and challenges manufacturers face, such as data integration, analytics, process optimization, and supply chain management. For instance, in May 2022, Google LLC, a US-based technology company, launched Manufacturing Data Engine and Manufacturing Connect, aimed at helping manufacturers unify their data and enhance their operations with analytics and AI capabilities. These solutions enable manufacturers to connect previously isolated assets, standardize data, and improve visibility from the factory floor to the cloud. These solutions support critical AI and analytics-based use cases such as manufacturing analytics and insights, predictive maintenance, and machine-level anomaly detection by centralizing and harmonizing data.
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
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Regional Insights –
North America was the largest region in the compression stockings market in 2023. 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.
Key Companies –
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
Table of Contents
1. Executive Summary
2. Compression Stockings Market Report Structure
3. Compression Stockings Market Trends And Strategies
4. Compression Stockings Market – Macro Economic Scenario
5. Compression Stockings Market Size And Growth
…..
27. Compression Stockings Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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