Medical compression stockings are a specially designed hosiery product to compress the limbs to help prevent the occurrence and deterioration of venous diseases such as edema, phlebitis and thrombosis. Nowadays, more and more people use compression stockings as a treatment or preventive measure. Different from traditional socks or sports stockings, medical compression stockings are more elastic and exert tremendous pressure on the legs, ankles and feet.
By compress surface veins, arteries, and muscles, compression stockings force circulating blood through narrow passages. As a result, the arterial pressure rises, causing more blood to flow back to the heart, reducing blood accumulation in the feet. This compression therapy helps to reduce the diameter of the venous dilation, increase the venous blood flow velocity and the effectiveness of the valve. Knee-length compression stockings not only help promote blood circulation, but also help prevent thrombosis in the calf.
Medical compression stockings mainly include gradiented compression stockings and anti-thrombolism stockings. Gradiented compression stockings are designed to provide a controllable pressure that is greatest at the ankle and gradually decreases toward the top. This gradient pressure can improve blood flow to help control swelling and relieve leg fatigue and pain. Anti-embolism stockings are often called compression socks, which can be used to treat venous and lymphatic diseases. In 2020, gradiented compression stockings accounted for 74.34% of the global medical compression stockings market share. This product segment is expected to increase from USD 862.57 million in 2020 to USD 1140.04 million in 2026.
The demand for medical compression stockings in various health care sectors is increasing, and hospitals are one of the main consumers. Doctors recommend that patients undergoing surgery, especially those who are limp due to severe injuries, wear compression stockings to promote blood circulation. Therefore, the surge in demand for different types of compression stockings has promoted the growth of the global compression stocking market. People who travel frequently, take airplanes, coaches, and flight attendants are often referred to as people with economy class syndrome, and they usually buy medical compression stockings in clinics. Due to high altitude weightlessness, poor blood flow in the legs causes venous diseases in the lower limbs. After the operation, compression stockings are used to prevent thrombosis in the legs, which is called deep vein thrombosis (DVT). It can be seen that hospitals and clinics are the main application areas of medical compression stockings, of which hospitals occupy an important share, which is expected to reach 430.21 million USD by 2020, and the compound annual growth rate in 2020 and 2026 is 4.89%.
Prospects analysis of the Medical Compression Stocking Industry in Various Regions
North America was the largest revenue market with a market share of 37.60% in 2015 and 35.70% in 2020 with a decrease of 1.90%. Europe ranked the second market with the market share of 33.03% in 2019.
Get the Complete Sample, Please Click: https://www.globalmarketmonitor.com/reports/762697-medical-compression-stocking-market-report.html
It can be seen that the medical compression stocking market is mainly concentrated in developed countries such as Europe and the United States, and its market growth is inseparable from the economic development of the countries, human living standards, and health awareness. However, in recent years, the rapid economic development, the increase in downstream demand, and the advancement of technological innovation of emerging economies such as China and India, have led to an increase in demand. People in these areas are paying more and more attention to health, which has driven the growth of demand for medical compression stockings. Therefore, the Asia-Pacific region is expected to become the fastest growing market for the medical compression stocking industry.
Medical compression stocking companies are mainly from Europe, with relatively high market concentrate rate. The market continues to develop and competition will become increasingly fierce. The top three companies are Sigvaris Management AG, Medi GmbH & Co KG, Medtronic plc (Covidien) with the revenue market share of 20.57%, 11.45%, 8.78% in 2019.
Medical Compression Stocking Companies Should Continue to Innovate for the Great Market Potential
The global medical compression stocking market has a total sales value of 1001.98 M USD back in 2015, and increased to 1160.31 M USD in 2020. Due to the prevalence of venous diseases and the increase in the number of patients, the global medical compression stock market is expected to witness moderate growth during the forecast period. We made the prediction that the value of medical compression stocking markets can be 1546.66 M USD by 2026. The CAGR of medical compression stocking is 4.91% from 2020 to 2026.
The increase in the number of patients with venous diseases worldwide is a key factor driving the growth of the compression stocking market. Venous diseases such as varicose veins and chronic venous insufficiency are common health problems faced by the elderly, and their severity and incidence increase greatly with age. As the elderly population increases, the number of people suffering from venous diseases is expected to increase. In addition, due to the accelerated pace of life, most people have unhealthy lifestyles, and a sedentary lifestyle has become one of the main reasons for deep vein thrombosis. Governments and non-governmental organizations have been working hard to raise human awareness of venous diseases, lymphedema and other diseases, and human health awareness is gradually increasing. This will promote the demand for medical compression stockings, which shows the huge market potential.
Technological innovation plays an important role in promoting market growth. In order to survive in a fiercely competitive market, manufacturers must not only compete on the basis of price, user-friendly experience, and beneficial features to maintain their advantages, but they must also develop new ideas and maintain new technologies. Enterprises should also share the responsibility and look for the production of alternative materials to maximize the comfort and aesthetic acceptance of medical compression stockings. Expanding sales channels will help compression stocking manufacturers increase product sales and reduce product inventory. With the development of the global Internet industry, companies need to actively expand e-commerce channels for e-commerce may become a new growth point in the medical compression stocking product market.
Get the Complete Sample, Please Click: https://www.globalmarketmonitor.com/reports/762697-medical-compression-stocking-market-report.htmlWe provide more professional and intelligent market reports to complement your business decisions.
Chinese