Compression Stockings Market - Global Industry Analysis, Size, Growth, Trends, and Forecast 2019 - 2029

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Compression Stockings Market - Global Industry Analysis, Size, Growth, Trends, and Forecast 2019 - 2029

Status : June, 2020 | Consumer Goods | PPT format

Report Digest

Compression Stockings Market: Overview

The compression stockings market is gaining considerable momentum over the years. This is because of the rising number of venous diseases like thrombosis and edema among the global populace. Compression stockings serve as a great cure for those having venous diseases. It is unequivocally the best product for successful blood flow regulation in the legs. Compression stockings are specially designed hosiery products that help to prevent further dangers of venous diseases. Furthermore, compression stockings also aid in the prevention of blood clots and leg swelling. To be precise, medical equipment that gently squeezes the leg to promote good blood flow. Eventually, it also helps to dampen the progress of venous diseases in the body.

Increased blood flow is an important factor for a healthy body. For this, compression therapies are necessary. As compression stockings form an important part of promoting blood flow, they are vital components of compression therapy. A good number of people are implementing this therapy for the prevention of venous diseases. As a result, the demand for compression stockings is on the rise. Therefore, this factor is a major reason for the growth of the compression stockings market. These stockings come in two types: Knee-high and Thigh-high.

Compression Stockings Market: Competitive Landscape

The compression stockings market is highly competitive in nature. Between knee high and thigh high types, top preference is for the thigh-high type. This is because this type offers more benefits when compared to knee-high type. As a result, the thigh-high segment has more market value in the compression stockings market. In addition, it also has varied types like sheer, ribbed, silicon band, and opaque. This accounts for its preference over knee high type. Diabetes is one of the major factors that are also responsible for the growth of the compression stockings market. In addition, hospitals are one of the significant consumers of compression stockings.

Online and offline distribution channel types also play a vital role in the compression stockings market. Among these types, the offline distribution channel has a massive share in the market when compared to the online distribution channel.

Some of the key players in the compression stockings market are:

  • Triumph International Corporation
  • Leonisa
  • Ann Chery
  • I-Runner
  • Cresswell Sock Mills
  • Spanx Inc.
  • Zhende Medical Group
  • 2xu Pty Ltd.
  • European Lingerie Group
  • Colfax Corporation (DJO Global)

Compression Stockings Market: Key Trends

The key manufacturers in the compression stockings market now focus on customized compression stockings. Such socks are available in various shapes and sizes. Subsequently, individuals prefer these socks for enhanced comfort and ease.  This, in turn, will propel the growth statistics of the compression stockings market. At the same time, inelastic and stockings having poor-fitting may lead to a decline in the revenue of the compression stockings market.

Key players in the compression stockings market need to pay attention to the quality of the compression stockings and customization also to boost the sales. Offline distribution channels also play a significant role. For instance, supermarkets and specialty stores carry various marketing and promotional events to promote the products. This definitely has a positive impact on growth.

Compression Stockings Market: Regional Analysis

The compression stockings market is spread across the following regions:

  • Latin America, Middle East & Africa
  • North America
  • Europe
  • Asia Pacific

North America has a gigantic share in the compression stockings market. This is because of a number of factors. For instance, compression wear is popular across North America for sports like tennis, basketball, and cycling among others. In addition, factors like the popularity of compression wear among athletes and inclination towards health consciousness among North Americans also contribute to adding value in the compression stockings market.

The study presents a granular assessment and quantitative evaluation of:

  • Key growth factors and prominent trends
  • Size and share of key segments in overall market
  • Key challenges and winning imperatives
  • Factors shaping competitive landscape
  • Insights into how contours of market will change in coming years
  • Technological advances
  • New avenues and imminent investment pockets
  • Regulatory landscape shaping current and future strategies of companies

The region-wise assessment includes market dynamics in:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The study is prepared with the help of an extensive primary and secondary research. Primary research includes but not limited to interactions, interviews, surveys, and events. Opinions of policy makers and industry experts are carefully integrated into the insights to complement primary research. Volumes of secondary data gleaned through renowned paid sources, annual statements, reputed journals, and government documents offer insights into current dynamics and key evolution trajectories the market is likely to assume. The research employs various industry-wide analytics methods and well-established methodologies to ascertain the attractiveness of key segments. Further, it evaluates the lucrativeness of key regions and factors underlying their maturity. The insights notably include a detailed analysis of forces behind vendor differentiation and offers insight into investment-decision making by prominent players.

The report strives to enlighten businesses and industry stakeholders on multiple facets of the growth dynamic of the market, the key of which include answers to:

  • Which key factors will shape the competitive landscape?
  • Which trends will stimulate research and development activities in different geographies?
  • Which are the lucrative growth areas and what is the size of potential they are likely contribute to the overall market?
  • Which disruptions in market growth are likely to come with the new business models?
  • Which are some of the recent overhauls in policies that may change the course of the market significantly?
  • Which are the geographies that will form sizable sources of new streams to new and established players alike?
  • How are top players likely to realign their strategy to counter the forces of competition?
  • Which key strategies emerging players are likely to focus on to consolidate their position?
  • Which changes in end-user preferences might affect the status quo held by the leading players?
  • Which are some of the game-changing innovations influencing the projected share and revenue of the market and its segments?

Note: Utmost care has invariably been taken to present data and arrive at statistics at all the TMR Research reports. Meanwhile, some recent developments and new industry trends may take time to be included in the reports.