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Compression Stockings Market Size, Share And Growth Analysis By 2033
Compression Stockings Market Size
According to The Business Research Company's, The compression stockings market size has grown strongly in recent years. It will grow from $1.65 billion in 2023 to $1.75 billion in 2024 at a compound annual growth rate (CAGR) of 6.1%. The growth in the historic period can be attributed to prevalence of chronic diseases, advancements in material and design, regulatory support, medical advancements.
The compression stockings market size is expected to see strong growth in the next few years. It will grow to $2.26 billion in 2028 at a compound annual growth rate (CAGR) of 6.5%. The growth in the forecast period can be attributed to growing healthcare expenditure, expansion of e-commerce, customization and personalization, focus on preventive healthcare. Major trends in the forecast period include rising demand for fashionable compression stockings, shift towards sustainable materials, digital health integration, telemedicine and remote consultations.
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Market Drivers and Trends:
The increasing prevalence of deep vein thrombosis is driving the growth of the compression stockings market going forward. Deep vein thrombosis (DVT) is a condition where a blood clot forms in one or more deep veins in the body, commonly in the legs. The prevalence of deep vein thrombosis is increasing due to a sedentary lifestyle, obesity, and the aging population. Compression stockings are beneficial in managing deep vein thrombosis (DVT) by improving blood flow, reducing pain and swelling in the legs, and lowering the risk of developing blood clots. For instance, in August 2023, according to Nuffield Trust Limited, a UK-based independent health think tank company, the UK recorded the highest incidence of DVT, with 352 cases per 100,000 hospital discharges in 2021 and increasing to 377 per 100,000 hospital discharges in 2022. Therefore, the increased prevalence of deep vein thrombosis is expected to propel the growth of the compression stockings market.
Major companies operating in the compression stockings market are focused on developing innovative products, such as Female Curves Bodysuits, to better serve customers with advanced features. A female curves bodysuit is a specialized clothing item engineered to exert controlled pressure on the body, commonly utilized for recuperation after surgery or for medical needs. For instance, in January 2023, Marena Group LLC, a US-based manufacturer of medical-grade compression garments, shapewear, and activewear, launched a new female curves bodysuit for women with naturally curvy body types who are seeking body sculpting procedures, such as liposuction, to further enhance their curves. These compression garments are designed to provide support and improve comfort during the recovery process after surgery.
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• Comprehensive Market Insights: Stakeholders gain access to detailed market statistics, trends, and analyses that help them understand the current and future landscape of their industry.
• Informed Decision-Making: The reports provide crucial data that support strategic decisions, reducing risks and enhancing business planning.
• Competitive Advantage: With in-depth competitor analysis and market share information, stakeholders can identify opportunities to outperform their competition.
• Tailored Solutions: The Business Research Company offers customized reports that address specific needs, ensuring stakeholders receive relevant and actionable insights.
• Global Perspective: The reports cover various regions and markets, providing a broad view that helps stakeholders expand and operate successfully on a global scale.
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Major Key Players of the Market:
Medtronic, Creswell Sock Mills, Enovis Corporation, DJO LLC , FIGS Inc, BSN Medical, Spanx LLC, SIGVARIS, Bauerfeind AG, Away, 2XU Pty Ltd, Julius Zorn GmbH, medi GmbH & Co. KG, Design Veronique, Gloria Med Spa, Triumph Home Health Supplies, Swiftwick, European Lingerie Group AB, Zensah, Bio Compression System, Devon Medical Products, Flow Aid Medical Technologies, Santemol Group Medikal , Belsana, Thuasne , Manifattura Cizeta s.r.l
Compression Stockings Market 2024 Key Insights:
• The compression stockings market size is expected to see strong growth in the next few years. It will grow to $2.26 billion in 2028 at a compound annual growth rate (CAGR) of 6.5%.
• Increasing Prevalence Of Deep Vein Thrombosis (DVT) Spurs Growth In Compression Stockings Market
• Advancements In Compression Stockings Market With Focus On Female Curves Bodysuits
• North America was the largest region in the compression stockings market in 2023
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Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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