New Castle, Delaware, Oct. 05, 2023 (GLOBE NEWSWIRE) -- Allied Market Research published a report, titled, “Compression Stockings Market By Distribution Channel (Offline, Online), By Product Type (Knee High, Thigh High), By Demography (Men, Women) : Global Opportunity Analysis and Industry Forecast, 2023-2032”. According to the report, The global compression stockings market size was valued at $1.9 billion in 2022, and is projected to reach $3.4 billion by 2032, growing at a CAGR of 6.1% from 2023 to 2032.
Download Sample Copy of Report: https://www.alliedmarketresearch.com/request-sample/6318
Compression stockings are designed to improve blood circulation and alleviate leg-related ailments.
Prime determinants of growth
Compression stockings are witnessing a surge in demand due to an aging population and rising awareness of their health benefits. Moreover, the increasing prevalence of conditions like deep vein thrombosis and varicose veins is boosting market growth. Additionally, advancements in material technology and the fashion-conscious consumer base are fostering innovation and product diversification within the industry. However, the compression stockings market also faces challenges, including price sensitivity among consumers and limited insurance coverage for these products. Regulatory hurdles can also pose barriers to market entry. Nevertheless, these challenges open up opportunities for businesses to develop affordable, high-quality products, tap into niche markets, and collaborate with healthcare providers to expand their consumer base. In conclusion, the compression stockings market is poised for continued growth, driven by demographic shifts and technological advancements, while businesses must navigate challenges to capitalize on the promising opportunities within the industry.
Report coverage & details:
| Report Coverage | Details |
| Forecast Period | 2023–2032 |
| Base Year | 2023 |
| Market Size in 2023 | $ 1871.4 Million |
| Market Size in 2032 | $ 3,362.50 Million |
| CAGR | 6.1% |
| No. of Pages in Report | 444 |
| Segments Covered | Type, Demography, Distribution Channel, and Region |
| Drivers | Increase in prevalence of venous disorders Rise in demand from the geriatric population Improvement in designs of fabrics & garments |
| Opportunities | Rise in trend of social media marketing |
| Restraints | Surge in awareness of probable side effects of compression garments |
Procure Complete Report (444 Pages PDF with Insights, Charts, Tables, and Figures): https://www.alliedmarketresearch.com/checkout-final/da26f324402994fe6a408ca26623ee46
The Thigh High segment to maintain its leadership status throughout the forecast period
Based on product type, the thigh-high segment held the highest market share in 2023, accounting for more than half of the global compression stockings market revenue, and is estimated to maintain its leadership status throughout the forecast period. Rise in demand for thigh-high compression stockings is attributed to the fact that thigh-high stockings provide compression & support not only to the lower leg but also extend up to the thigh region. However, knee-high segment is projected to manifest the highest CAGR of 6.5% from 2023 to 2032.
The Women segment to maintain its leadership status throughout the forecast period
Based on demography, the women segment held the highest market share in 2022, accounting for more than half of the global compression stockings market revenue, and is estimated to maintain its leadership status throughout the forecast period. Women form a significant portion of the target market for compression stockings due to various factors. They are more prone to venous disorders, including varicose veins and edema, especially during pregnancy and as they age. Additionally, the men segment is projected to manifest the highest CAGR of 6.4% from 2023 to 2032.
The offline segment to maintain its leadership status throughout the forecast period.
Based on the distribution channel, the offline segment held the highest market share in 2022, accounting for more than two-thirds of the global compression stockings market revenue, and is estimated to maintain its leadership status throughout the forecast period. Rise in demand for compression stockings in the departmental stores segment is attributed to the fact that these stores offer a wide range of products, including compression stockings, making them a convenient one-stop destination for customers. Additionally, the online segment is projected to manifest the highest CAGR of 6.5% from 2023 to 2032.
North America to maintain its dominance by 2032
Based on region, North America held the highest market share in terms of revenue in 2022, accounting for nearly two-fifths of the global compression stockings market revenue and is likely to dominate the market during the forecast period. Increase in demand for compression stockings in North America is attributed to aging population and increase in prevalence of venous disorders that contribute to growth in need for compression therapy. In addition, the LAMEA region is also expected to witness the fastest CAGR of 7.1% from 2023 to 2032.
Enquire before buying: https://www.alliedmarketresearch.com/purchase-enquiry/6318
Leading Market Players: -
- 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.
The report provides a detailed analysis of these key players in the global compression stockings Market. These players have adopted different strategies such as new product launches, collaborations, expansion, joint ventures, agreements, and others to increase their market share and maintain dominant shares in different regions. The report is valuable in highlighting business performance, operating segments, and strategic moves of market players to showcase the competitive scenario.
Country Reports We Have in this Industry:
• Canada Compression Stockings Market Opportunity Analysis and Industry Forecast, 2022-2032
• Mexico Compression Stockings Market Opportunity Analysis and Industry Forecast, 2022-2032
• Europe Compression Stockings Market Opportunity Analysis and Industry Forecast, 2022-2032
• Germany Compression Stockings Market Opportunity Analysis and Industry Forecast, 2022-2032
• UK Compression Stockings Market Opportunity Analysis and Industry Forecast, 2022-2032
About Us:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
Contact:
David correa
United States
1209 Orange Street,
Corporation Trust Center,
Wilmington, New Castle,
Delaware 19801 USA.
Int'l: +1-503-894-6022
Toll Free: +1-800-792-5285
Fax: +1-800-792-5285
help@alliedmarketresearch.com
