Press release
SIGVARIS, Juzo USA, BSN medical GmbH, medi UK Ltd., VIM & VIGR, 2XU Pty. Ltd., Comfort Plus Corporation, SUNPOLAR International Co. Ltd., Nikkora and HARTMANN GROUP
The global market for compression hosiery is estimated to account for 3,714.9 Million by the end of 2024 as compared to 2,486.3 Million in 2016 expanding at a moderate growth of 5.3% over the forecast period. Increasing cases of venous disorders is anticipated to spur the growth of the Compression Hosiery Market during the forecast period. Moreover, availability of wide range of compression hosiery products is anticipated to boom the compression hosiery market by the end of 2024.
In regional segment, North America represented the largest market of market share in previous years and is expected to continue its dominance over the forecast period. This can be attributed to rising geriatric population. Further, availability of customized compression stockings and garments is predicted to trigger the growth of compression hosiery market in Europe, whereas, Asia Pacific is projected to witness lucrative growth over the forecast period.
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Venous Diseases to Drive the Market
Factors such as growing geriatric population across the globe and rising incidences of venous diseases are anticipated to drive the growth of global compression hosiery market. Moreover, increasing diabetic population across the globe is expected to impel the expansion of global compression hosiery market during the forecast period. Additionally, growing popularity of compression therapy for the treatment of deep venous thrombosis is anticipated to foster the growth of the global compression hosiery market in upcoming years. However, lack of awareness and high cost of compression hosiery are likely to inhibit the growth of the compression hosiery market in the near future.
The report titled “Compression Hosiery Market: Global Historical Growth (2012-2016) & Future Outlook (2017-2024) Demand Analysis & Opportunity Evaluation” delivers detailed overview of the compression hosiery market in terms of market segmentation by product, by compression level, by demography, by distribution channel, by market size and by region.
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Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model. This report also provides the existing competitive scenario of some of the key players of the compression hosiery market which includes company profiling of SIGVARIS, Juzo USA, BSN medical GmbH, medi UK Ltd., VIM & VIGR, 2XU Pty. Ltd., Comfort Plus Corporation, SUNPOLAR International Co. Ltd., Nikkora and HARTMANN GROUP.
The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the compression hosiery market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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