Global Compression Stockings Market Overview
According to Global Market Monitor, the global compression stockings market size will reach $5013.26 million in 2024 with a CAGR of 5.36% from 2024 to 2029.
Compression stockings are the medical equipment which is made of a material that has a very high elasticity. Compression stockings can deliver a distributed amount of compression at the ankle and up the leg and help relieve symptoms and slow the progress of varicose veins. They are designed to gently squeeze the legs, which promotes good blood flow in the veins. Patients with venous disease may benefit from wearing compression stockings even if they have not recently undergone sclerotherapy treatment for varicose veins.
Expansion of Sales Channels
Expanding sales channels will help Compression socks producers increase product sales and reduce product inventory. This requires manufacturers to establish good cooperative relationships with various distributors and retailers, enter the market faster, and occupy a higher market share. In addition, companies need to carry out certain marketing and publicity on their products to form a customer-oriented marketing concept and establish a good brand image. And with the development of the Internet industry, compression socks companies need to actively develop e-commerce channels, and e-commerce may become a new growth point for the Compression Stockings product market.
With the development and progress of the industry, enterprises need to change the development model of tracking and imitating and low-price competition, constantly improve the production process and product production process, and highlight differentiated competition. Attach importance to relevant scientific and technological personnel and win market share with high-quality products.
Market Segment
Driven by numerous industry trends and growth drivers, the pressure hosiery market is growing significantly. The rising incidence of varicose veins and deep vein thrombosis is one of the major drivers of the pressure socks market. According to the World Health Organization (WHO), varicose veins affect about 20% of people worldwide, while DVT affects up to 900,000 people in the United States annually. The prevalence of these diseases is expected to rise in the coming years for a variety of reasons, including an aging population, a sedentary lifestyle, and rising rates of obesity and diabetes.
As the global population pattern tilts toward the elderly, the tendency for circulatory problems and venous diseases is escalating. The incidence of varicose veins is very common, and their incidence increases with age. The prevalence of varicose veins is estimated to be about 10-15% in men and 20-25% in women, and may be higher in certain populations, such as the elderly and pregnant women.
By Type |
Gradient Socks |
Anti-Embolism Socks |
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The gradient socks segment accounts for the largest share. |
|
By Application |
Ambulatory Patients |
Post-operative Patients |
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Pregnant Women |
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The ambulatory patients segment occupies the biggest share. |
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