COVID-19 IMPACT: Compression Stockings Market Growth, Restrains and Opportunities 2020-2026 | Spanx Inc., Triumph International Corporation, 2xu Pty Ltd., Leonisa, Ann Chery, Colfax Corporation

Compression stockings manufacturers consider adopting some of the key marketing strategies to help trigger demand among the target customers such as inbound marketing, relationship marketing, influencer marketing and other such. Manufacturer sights these marketing channels as an effective platform that help promote their compression stockings and accordingly increase their customer base.

The compression stockings market size was valued at $1.6 billion in 2018, and is expected to reach $2.4 billion by 2026, registering a CAGR of 5.6% from 2019 to 2026.

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The global healthcare industry was valued at $8,800 billion in 2018, and is expected to reach at $11.6 Trillion during the forecast period. The increase in number of aging population, rising prevalence of chronic diseases, infrastructure investments, technological advancements, evolving care models, higher labor costs amidst workforce shortages, and the expansion of health care systems in developing markets are some of the key factors that help drive the overall growth of the market in terms of value sales. This has triggered the demand for different types of healthcare products that even includes compression stockings. Compression stockings are one of those specialized hosiery products, which are designed to help prevent the occurrence of, and guard against further progression of, venous disorders such as edema, phlebitis, and thrombosis. In addition, compression stockings improve and regulate blood flow in one's leg. Moreover, it prevents leg swelling and blood clots, which propel its demand globally, thereby augmenting the growth of the global compression stockings market.

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Based on product type, the thigh-high segment accounted for more than half of the global compression stockings market share in 2018, and is expected to maintain the lion's share by the end of 2026. Some of the key features such as flexibility coupled with multiple benefits provided by thigh compression stockings boost the growth of the segment. The knee-high segment, on the other hand, is projected to register the fastest CAGR of 6.20% during the study period. Availability of the product in various designs and attractive colors is expected to fuel the segment growth.

Based on demography, the women segment held the largest share in 2018, generating more than half of the global compression stockings market. This is because majority of the compression stocking products are being designed targeting the female customers. Simultaneously, the men segment would grow at the fastest CAGR of 6.20% till 2026. Certain innovative products facilitated by manufacturers targeting the male population drive the segment growth.

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Key players profiled in the compression stockings market include Spanx Inc., Triumph International Corporation, 2xu Pty Ltd., Leonisa, Ann Chery, Colfax Corporation (DJO Global), I-Runner, European Lingerie Group, Creswell Sock Mills, and Zhende Medical Group.

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Source: https://www.prnewswire.com/news-releases/compression-stockings-market-to-reach-2-44-bn-globally-by-2026-at-5-6-cagr-allied-market-research-301021415.html

Based on geography, North America contributed to two-fifths of the global compression stockings market revenue in 2018, and is anticipated to rule the roost during 2019-2026. Rise in popularity of compression wears in different sports coupled with continuous innovation being carried by regional manufacturers helps drive the demand for compression stockings in this province. At the same time, Asia-Pacific would cite the fastest CAGR of 6.90% throughout the forecast period. Governmental support and promotion of sports events, increase in media exposure, and rapid development of the economy in countries like Japan, China and India are the major factors that drive the growth of the market in this region.

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