Compression Hosiery Market Size & Forecast Overview
Global compression hosiery market is anticipated to witness moderate growth of 5.3% over the forecast period. Further, the market is expected to account for USD 3,714.9 Million by the end of 2024 from USD 2,486.3 Million in 2016. Increasing cases of venous disorders is anticipated to spur the growth of the compression hosiery market during the forecast period. Moreover, availability of wide range of compression hosiery products is anticipated to supplement the growth of the compression hosiery market.
Compression hosiery refers to the specialized designed hosiery products for healthcare and wellness. These products are used to limit the occurrence and progress of various venous disorders such as Thromboembolism. Moreover, these products also help the patient to get relieved of swelling in feet, ankles and legs. Compression hosiery is gaining popularity in various medical treatment process and therapies.
In 2016, North America accounted for the highest percentage of market share in the regional platform and is expected to continue its dominance over the forecast period. Rising geriatric population is anticipated to impel the demand for compression hosiery in the North America region. Further, increasing spending on healthcare is expected to positively impact the growth of the North America compression hosiery market during the forecast period. U.S. is witnessing augmented demand for compression hosiery in the North America region.
Europe compression hosiery market is expected to grow at a substantial rate over the forecast period. Availability of customized compression stockings and garments is predicted to trigger the growth of compression hosiery market. Further, Europe compression hosiery market captured a market share of about 33% in 2016. Asia Pacific is projected to witness lucrative growth over the forecast period. This can be attributed to the strong growth of the healthcare industry in the region.
Based on compression level, global compression hosiery market is segmented into mild compression, moderate compression, firm compression and extra firm compression. Further, moderate compression hosiery is likely to dominate the overall compression hosiery market in 2024.
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Market Segmentation
Our in-depth analysis has segmented global compression hosiery market into the following segments:
By Product
- Compression Socks
- Compression Stockings
- Knee High
- Thigh High
- Thigh High with Waist Attachment
- Thigh High without Waist Attachment
- Pantyhose
- Maternity
- One-legged
- Compression Shorts
- Compression Tights
- Compression Calf Sleeves
- Compression Leg Sleeves
By Compression Level
- Mild Compression (8-15 mmHg)
- Moderate Compression (15-20 mmHg)
- Firm Compression (20-30 mmHg)
- Extra Firm Compression (30-40 mmHg)
By Demography
- Men
- Women
By Distribution Channel
- Online Stores
- Departmental Stores
- Pharmacy
- Others
By Market Type
- Organized Market
- Unorganized Market
By Region
Global compression hosiery market is further classified on the basis of region as follows:
- North America (United States, Canada), Market size, Y-O-Y growth Market size, Y-O-Y growth & Opportunity Analysis, Future forecast & Opportunity Analysis
- Latin America (Brazil, Mexico, Argentina, Rest of LATAM), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
- Europe (U.K., Germany, France, Italy, Spain, Hungary, BENELUX (Belgium, Netherlands, Luxembourg), NORDIC (Norway, Denmark, Sweden, Finland), Poland, Russia, Rest of Europe), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
- Asia-Pacific (China, India, Japan, South Korea, Malaysia, Indonesia, Taiwan, Hong Kong, Australia, New Zealand, Rest of Asia-Pacific), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
- Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
Growth Drivers & Challenges
Growing incidences of venous diseases is poised to drive the growth of global compression hosiery market. Moreover, increasing diabetic population across the globe is expected to impel the expansion of global compression hosiery during the forecast period. Additionally, growing popularity of compression therapy for the treatment of deep venous thrombosis is anticipated to foster the growth of the global compression hosiery market in the upcoming years.
Apart from this, growing geriatric population across the globe is anticipated to supplement the growth of the global compression hosiery market. Further, growing adoption of compression socks and calves guard among athletes is anticipated to foster the growth of the global compression hosiery market. Further, innovations in compression hosiery products such as thin fiber & product improvisation to ensure patient comfort are expected to drive the growth of the market in the long run. Moreover, many compression garments manufacturers are providing custom fit hosieries. This factor is anticipated to foster the growth of the compression hosiery market during the forecast period.
In contrast, high cost of compression hosiery is expected to hamper the growth of compression hosiery market. Further, lack of awareness about compression hosiery is expected to negatively impact the growth of the market.
Top Featured Companies Dominating The Market
- SIGVARIS
- Company Overview
- Business Strategy
- Key Product Offerings
- Financial Performance
- Key Performance Indicators
- Risk Analysis
- Recent Development
- Regional Presence
- SWOT Analysis
- Juzo USA
- BSN medical GmbH
- medi UK Ltd.
- VIM & VIGR.
- 2XU Pty. Ltd.
- Comfort Plus Corporation
- SUNPOLAR International Co., Ltd.
- Nikkora
- HARTMANN GROUP
