Compression Stockings Market Was Valued at USD 1,956.4 Million in 2021 Owing to Increasing Prevalence of Venous Disorders

According to Precision Business Insights (PBI), the latest report on the global compression stockings market is expected to be worth USD 2,030.7 Million in 2022, growing at a 5.6% CAGR from 2022 to 2028. Global Compression Stockings Market is segmented into the following types: By Product (Thigh high, Waist attachment, Knee-high, Pantyhose, Others), By Demography (Men and Women), and By Distribution Channel (Hospital Pharmacy, Retail pharmacy, Online pharmacy) and Geography (North America, Europe, Asia-Pacific, and Rest of the World) Forecast to 2028. Key players' profiles in the Compression Stockings market report are 2XU Pty Ltd, Creswell Sock Mills, European Lingerie Group, Leonisa SA, Spanx Inc, Triumph International AG, Zhende Medical Group, Thuasne SAS, Santemol group medical. The growing number of health-conscious consumers and patients suffering from venous disorders and the increased use of physical exercise as part of one's daily routine and beauty consciousness is expected to drive market growth. Moreover, stylish designs and comforting fabric of compression garments have replaced traditional gym outfits such as T-shirts and shorts. Thus, such lifestyle changes have propelled the growth of the global market. Strategic collaborations are critical for the compression stockings market's overall development.The world's growing geriatric population, combined with an increase in diabetes cases, are the primary factors expected to influence the growth of the compression stockings market. Furthermore, the rising prevalence of chronic diseases is expected to boost demand for compression stockings to some extent

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The Women's Segment Dominates the Compression Stockings Market:
The women's segment has a higher value share than the men's segment because the majority of compression stocking products are designed for female customers. Compression stockings for women not only provide medical solutions for poor blood circulation in one's leg, but they also have appealing designs, patterns, and colors that cater to the needs of target customers. Thigh-high compression stockings are one of the most popular stockings among females.

North America Leads Compression Stockings Market:
The compression stockings market in North America is likely to hold the highest revenue share in 2021. Demand is surging primarily due to increasing instances of varicose veins, especially in the U.S. The region's market is also expanding due to rising consumer health consciousness and the rising popularity of compression wear in the sports industry. Furthermore, Europe is the fastest-growing market accounting for the increasing demand for compression socks as people become more aware of their importance and the government invests more in developing innovative healthcare products.

Strategic New Product Launches, Mergers, Acquisitions, and Agreements are the key strategies adopted by market players:
The global compression stockings market further reveals that the key players increasingly adopting strategies such as the launch of newer products, product launches, and long-term alliances to improve market revenue share and gain significant geographic presence across the region. For instance, In January 2021, Thuasne SAS, a prominent medical devices manufacturer in Europe, acquired Knit-Rite Inc. and its division Therafirm which is dedicated to providing compression products, including compression socks.

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Detailed Segmentation:
Based on the Product Type, the market is segmented into the following:
• Thigh High
• Knee-High
• Pantyhose/Maternity
• Waist Attachment

Based on the Application, the market is segmented into the following:
• Ambulatory Patients
• Post-Operative Patients
• Pregnant Women

Based on Geography, the market is segmented into the following:
• North America
• Europe
• Asia Pacific
• Latin America
• MEA

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This release was published on openPR.