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. The rise in number of health conscious consumers is one of the key factors behind driving the global Compression stockings market.
The global Compression stockings market is segmented on the basis of product type, demography, distribution channel and region. Based on product type, the market is segmented into knee high and thigh high. Based on demography, the market is classified into men and women. By distribution channel the market is divided into online and offline stores.
As per a study by the Center for Disease Control and Prevention, in 2012, more than one-third, that is, 34.9% of U.S. adults were obese. In 2015, as per an analysis, Arkansas, West Virginia, and Mississippi reported obesity rates exceeding 35%; this led to relatively higher health awareness among individuals. Moreover, according to the Health Survey for England in 2014, 58.1 % of the women were obese. Thus, rise in adoption of physical exercise as a part of daily routine has resulted in high demand for compression clothing, as they are worn during exercise sessions to reduce muscle soreness and enhance faster recovery from injuries. In addition, the number of health clubs and memberships (number of members enrolled at these clubs) is on a continuous rise in the U.S. Moreover, budget gyms offering convenience and flexibility have grown in the UK in recent years, which, in turn, has led to increased adoption of compression stockings. Moreover, stylish designs and comforting fabric of compression garments have replaced traditional gym outfits such as T-shirts and shorts. Beauty consciousness has also complemented the demand for compression & shapewear. Thus, such changes in lifestyle have propelled the growth of the global market.
Around 5% of the population aged over 65 years and 1.5% of the general population are estimated to suffer from chronic venous leg ulceration (VLU) during the forecast period. VLU represents a significant healthcare burden in the western hemisphere, and this trend is anticipated to increase with rise in the geriatric population worldwide. In the U.S., this translates to approximately 0.5–1 million individuals affected by the condition. Use of compression stocking is one of the effective solutions to such chronic diseases. Compression stockings improves the ability of the blood to flow towards the heart and significantly helps in healing VLU in a much more efficient manner. Thus, rise in prevalence of VLU is expected to eventually trigger the demand for compression stockings.
Key players profiled in the report 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.
KEY BENEFITS FOR STAKEHOLDERS
KEY MARKET SEGMENTS
By Product Type
By demography
By Distribution channel
By Region
As per a study by the Center for Disease Control and Prevention, in 2012, more than one-third, that is, 34.9% of U.S. adults were obese. In 2015, as per an analysis, Arkansas, West Virginia, and Mississippi reported obesity rates exceeding 35%; this led to relatively higher health awareness among individuals. Moreover, according to the Health Survey for England in 2014, 58.1 % of the women were obese. Thus, rise in adoption of physical exercise as a part of daily routine has resulted in high demand for compression clothing, as they are worn during exercise sessions to reduce muscle soreness and enhance faster recovery from injuries. In addition, the number of health clubs and memberships (number of members enrolled at these clubs) is on a continuous rise in the U.S. Moreover, budget gyms offering convenience and flexibility have grown in the UK in recent years, which, in turn, has led to increased adoption of compression stockings. Moreover, stylish designs and comforting fabric of compression garments have replaced traditional gym outfits such as T-shirts and shorts. Beauty consciousness has also complemented the demand for compression & shapewear. Thus, such changes in lifestyle have propelled the growth of the global market.
Around 5% of the population aged over 65 years and 1.5% of the general population are estimated to suffer from chronic venous leg ulceration (VLU) during the forecast period. VLU represents a significant healthcare burden in the western hemisphere, and this trend is anticipated to increase with rise in the geriatric population worldwide. In the U.S., this translates to approximately 0.5–1 million individuals affected by the condition. Use of compression stocking is one of the effective solutions to such chronic diseases. Compression stockings improves the ability of the blood to flow towards the heart and significantly helps in healing VLU in a much more efficient manner. Thus, rise in prevalence of VLU is expected to eventually trigger the demand for compression stockings.
Key players profiled in the report 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.
KEY BENEFITS FOR STAKEHOLDERS
- The report provides an extensive analysis of the current and emerging market trends and opportunities in the global Compression stockings market.
- The report provides detailed qualitative and quantitative analysis of current trends and future estimations that help evaluate the prevailing market opportunities.
- A comprehensive analysis of the factors that drive and restrict the growth of the market is provided.
- An extensive analysis of the market is conducted by following key product positioning and monitoring the top competitors within the market framework.
- The report provides extensive qualitative insights on the potential segments or regions exhibiting favorable growth.
KEY MARKET SEGMENTS
By Product Type
- Knee high
- Thigh high
By demography
- Men
- Women
By Distribution channel
- Online
- Offline
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- Australia and New Zealand
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
Frequently Asked Questions about the Compression Stockings Market
What is the estimated value of the Compression Stockings Market?
What is the growth rate of the Compression Stockings Market?
What is the forecasted size of the Compression Stockings Market?
Who are the key companies in the Compression Stockings Market?
| Report Attribute | Details |
|---|---|
| No. of Pages | 245 |
| Published | January 2020 |
| Forecast Period | 2018 - 2026 |
| Estimated Market Value ( USD | $ 1.6 billion |
| Forecasted Market Value ( USD | $ 2.4 billion |
| Compound Annual Growth Rate | 5.2% |
| Regions Covered | Global |
| No. of Companies Mentioned | 10 |
Table of Contents
Chapter 1: Introduction
Chapter 2: Executive Summary
Chapter 3: Market Overview
Chapter 4: Compression Stockings Market, By Product Type
Chapter 5: Compression Stockings Market, By Demography
Chapter 6: Compression Stockings Market, By Distribution Channel
Chapter 7: Compression Stockings Market, By Region
Chapter 8: Company Profiles
Executive Summary
According to the report titled, 'Compression Stockings Market by product type, age group and distribution channel: Global Opportunity Analysis and Industry Forecast, 2019-2026,' the global Compression Stockings market size was valued at $1.6 billion in 2018, and is projected to reach $2.4 billion by 2026, growing at a CAGR of 5.6% from 2019 to 2026. In 2018, North America accounted for nearly 40.4% share of the Compression Stockings market.Compression garments are widely being considered as an important measure in preventing the recurrence of venous leg ulcers. Moreover, compression is being recognized as the cornerstone for long-term management of chronic edema. Over the past couple of years, rise in number of cases of edema as well as venous leg ulcers has been witnessed, especially among individuals who are aged above 50 years. Hence, such patients rely on compression stockings for proper blood circulation. Thus, rise in number of patients suffering from venous leg ulcers patients triggers the demand for compression stockings, thereby augmenting the global compression stockings market growth.
Over the years, the compression stocking segment has endured higher level of evolution in terms of product offerings. Taking in account customers’ desire of convenience in using any kind of healthcare products, some of the key manufacturers in global compression stockings market have strategized on introducing novel and unique products. For example, VenoPower brand of Tacco has introduced compression sock free design, which helps to increase the blood circulation by 26%. Unlike compression socks which only stimulate the calf muscle to assist in circulation, VenoPower activates both the calf and venous foot pump simultaneously. Hence, innovation is considered to be an influential compression stockings market trend.
Apart from innovation, aesthetics in compression stocking is another key factors that helps draw the attention of target customers in the global market. Initially, compression stockings were available in traditional medical care designs and fabrics that tend to be unattractive. However, in the recent past, compression stocking manufacturers strategized on launching fashion-oriented products that cater to growing customer requirements. For instance, in 2017, Comrad, one of the key manufacturers in global compression stockings market, launched a new line of compression stockings that feature alluring prints and modern styles. Hence improvisation in compression stockings will be an influential factor during the forecast period.
The global market is segmented on the basis of product type, demography, distribution channel and region. Based on product type, the market is segmented into knee high and thigh high. Based on demography, the market is classified into men and women. By distribution channel the market is divided into departmental stores and E-commerce. Based on region, the market is analyzed across North America (U.S., Canada, and Mexico), Europe (Germany, Spain, UK, Italy, France, and rest of Europe), Asia-Pacific (China, India, Japan, Australia, South Korea, and rest of Asia-Pacific), and LAMEA (Brazil, South Africa, Saudi Arabia, UAE, and rest of LAMEA).
Key Findings of the Study
In 2018, by type, the thigh-high segment accounted for around higher value compression stockings market share, i.e., 55.9%.
In 2018, depending on demography, the men segment is expected to register a CAGR of 6.2% during the forecast.
In 2018, North America accounted for a prominent market share of 40.4%.
Key players profiled in the compression stockings industry 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.
Companies Mentioned
- Spanx Inc.
- Triumph International Corporation
- 2xu Pty Ltd.
- Leonisa
- Ann Chery
- Colfax Corporation (DJO Global)
- I-Runner
- European Lingerie Group
- Creswell Sock Mills
- Zhende Medical Group.
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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