Press release
Global Compression Stockings (Elastic Stockings) Market to Witness a Pronounce Growth During 2023
Elastic stockings are the medical equipment which is made of a material that has a very high elasticity. Elastic 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 elastic stockings even if they have not recently undergone scleratherapy treatment for varicose veins.
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Global Compression Stockings (Elastic Stockings) Market: Forecast by Type / Application / Region
The global sales of elastic stockings are estimated from 24937 K Pairs in 2011 to 34077 K Pairs in 2016, at a CAGR of more than 6%. In 2016, the global elastic stockings sale market was led by USA, Europe, China and Japan, and USA and Europe are the most important sales market. At present, there are many manufacturers distributed around the world and the major manufacturers’ activities of elastic stockings are Medtronic (Covidien), Sigvaris, BSN Medical, Medi, Juzo etc. The top five companies holding 60% sales share in 2016.
Covered Yarn, spandex and nylon are the main raw materials for the production of elastic stockings. Most of companies purchase materials from the market. With the development of elastic stockings, the raw materials manufacturers are also benefited from the elastic stockings industry in some extent.
Elastic stockings can be classified into two types: gradient socks and anti-embolism socks. Gradient socks are more often prescribed to the ambulatory patient, or those who are walking, accounting for about 76% of the total sale amount in 2016.
People with venous disorders, such as edema, phlebitis and varicose veins is the main consumer of elastic stockings. Among them, ambulatory patients who have long periods of sitting and standing, such as nurses, traveler, and teachers are largest consumer of stretch socks, with the market share of 63.02% in 2016.
We tend to believe this industry is an emerging industry, and with the economic recovery, more and more people pay attention to their status of physical health, especially in rural places that have a large population and fast economic growth, the need of elastic stockings will increase and the consumption increasing degree will show a rapid growth curve.
Over the next five years, LPI(LP Information) projects that Compression Stockings (Elastic Stockings) will register a 6.5% CAGR in terms of revenue, reach US$ 1870 million by 2023, from US$ 1280 million in 2017.
Global Compression Stockings (Elastic Stockings) Market: Key Players
Medtronic(Covidien)
Sigvaris
Medi
BSN Medical
Juzo
3M
Bauerfeind AG
Thuasne Corporate
Pretty Legs Hosiery
Salzmann-Group
Paul Hartmann
Cizeta Medicali
Belsana Medical
Gloria Med
Zhende Medical Group
Maizi
TOKO
Okamoto Corporation
Zhejiang Sameri
MD
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Related Information:
United States Compression Stockings (Elastic Stockings) Market Research Report 2018
Europe Compression Stockings (Elastic Stockings) Market Research Report 2018
North America Compression Stockings (Elastic Stockings) Market Research Report 2018
Asia-Pacific Compression Stockings (Elastic Stockings) Market Research Report 2018
China Compression Stockings (Elastic Stockings) Market Research Report 2018
EMEA Compression Stockings (Elastic Stockings) Market Research Report 2018
Global Compression Stockings (Elastic Stockings) Market Research Report 2018
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