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