Compression Socks Market Is Expected To Swell 1.6x Through 2031

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Key Takeaways from the Market Study

• By product, graduated compression stockings to experience 1.8x growth by 2031
• Compression socks for deep vein thrombosis to surpass US$ 900 Mn by 2031
• Hospitals to be primary distribution channel, surging over 1.9x during the forecast period
• North America to account for 1/3rd of global compression socks market revenue
• Asia to be one of the fastest growing markets, registering a CAGR worth 5% through 2031

“Companies offering standard compression socks have been shifting towards graduated compression socks to address consumer need for variable pressure. Companies investing in standard compression socks are expected to gain steady returns till mid-term forecast, while investments in graduated compression socks are expected to experience a northward trend”, says the Fact.MR analyst. 

Market Competition

The market for compression socks is largely consolidated, with top players accounting for more than 3/5thof the market share. Despite fewer top competitors in the compression socks market, competition among top-tier players has been high.

• In July 2021, VIM & VIGR announced the launch of its fall 2021 collection of graduated compression socks, leg sleeves, and tights, hitting retail in August. The collection offers a range of compression levels from moderate 15-20 mmHg, moderate-firm 20-30 mmHg, and firm 30-40 mmHg
• In 2020, Hatch announced the launch of Hatch Compression Sock, and the Swell Relief Duo to help mommas-to-be soothe swollen feet and ankles in order to stay on toes all day long.

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Key Companies Profiled :

• SIGVARIS Group
• Juzo Inc.
• Essity Aktiebolag
• Medtronic Plc.
• 3M Company
• Santemol Group Medikal
• Calzificio ZETA S.R.L.
• Sanyleg S.R.L
• Thuasne SAS
• Medi GmbH & Co KG

Key Segments Covered

• Product Type

  • Standard Compression Socks
  • Graduated Compression Stockings

• Application

  • Compression Socks for Deep Vein Thrombosis
  • Compression Socks for Chronic Venous Disorder
  • Compression Socks for Diabetes Wounds
  • Compression Socks for Other Applications

• Distribution Channel

  • Compression Socks via Hospital Pharmacies
  • Compression Socks via Retail Pharmacies & Drug Stores
  • Compression Socks via Online Sales
  • Compression Socks via Other Distribution Channel

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Questionnaire answered in the Compression Socks Market report include:

• How the market for Compression Socks has grown?
• What is the present and future outlook of the global Compression Socks on the basis of region?
• What are the challenges and opportunities for the Compression Socks?
• Why the consumption of Compression Socks highest in region?
• In which year segment is expected to overtake segment?

What makes Fact.MR report stand out from others?

• MR follows a six-point mechanism known as E.V.O.L.V.E. (Evaluate. Visualize. Overcome. Leverage. Verify. Eradicate.). The report is specially created to assess the COVID-19 impact on the Compression Socks market. This mechanism focuses on almost all the factors in a definite manner to provide the best research report for the market stakeholders.
• Evaluate: A Fact.MR report evaluates every small aspect that can prove to be a growth generator for the Compression Socks market, thus, making it different and special from other reports.
• Visualize: The authors involved in the research activities visualized the post-COVID-19 era so that the key stakeholders of market get an overview and helps them take certain steps to ensure continuous growth during the forecast period.
• Overcome: The report scrutinizes on points that can prove to be an Achilles heel to the Compression Socks market and assists to create strategies to overcome the obstacles that may hinder the growth of the Compression Socks market.
• Leverage: The Compression Socks market can leverage certain aspects that can prove beneficial for the increase in growth rate. Fact.MR covers all the points on which the key stakeholders can leverage upon.
• Verify: Research is done systematically to assure validation of all the aspects covered in the report. All the points are rechecked and verified thoroughly to avoid flaws and fake information.
• Eradicate: Last but not the least, this aspect helps the key stakeholder eradicate all the obstacles that come between the growth rate and the Compression Socks market.

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