Get In Touch

Compression stockings are specially designed hosiery products that help in improving blood flow to the legs, arrest blood clotting, and prevent the progression of a number of venous disorders and conditions. These products are a form of compression garments that are worn in the lower extremities, especially around the legs. The help in compressing the limb. The compression decreases the diameter of swollen veins and boosts the velocity of venous blood flow and valve effectiveness. This form of therapy prevents venous stasis and  venous walls impairment, relieves aching and heavy legs, and decreases venous pressure.

Rise in the number of patients with venous disorders worldwide is a key factor that is driving the growth of the compression stockings market. Venous disorders are chronic conditions that are caused by veins that become abnormal or diseased. They include conditions such as varicose veins, spider veins, leg pain, leg swelling, chronic venous insufficiency, leg ulcers, deep vein thrombosis (DVT), and others. According to the Society for Vascular Medicine, an estimated 30 million people in the U.S. suffer from venous disorders. Around 900,000 individuals are affected by DVT, and an estimated 60,000-100,000 deaths are reported in the country due to DVT every year according to Centers for Disease Control and Prevention (CDC) estimates. Venous disorders are common health issues faced by individuals, but very few seek treatment for these conditions due to lack of awareness as well as high treatment costs. The presence of a large patient pool is expected to offer lucrative growth opportunities for manufacturers of compression products for providing solutions for the management of these conditions.

An increase in the elderly population is also expected to drive the growth of the market during the forecast period. The severity and high incidence of venous disorders such as varicose veins, chronic venous insufficiency, etc. increases greatly with age. According to the United Nations’ World Population Ageing report, the number of people above the age of 60 years stood at 962 million in 2017, which is anticipated to rise two-fold to reach 2.1 billion by 2050. Rise in the elderly population is anticipated to increase the number of individuals suffering from venous disorders. This, in turn, is expected to drive the demand for compression stockings used in the management of these conditions.

Additionally, new product launches by compressions garment manufacturers is another factor contributing to the growth of the compression stockings market. In December 2016, Sigvaris USA launched a new line of anti-embolism stockings used in the treatment of deep vein thrombosis (DVT). The anti-embolism stockings, which are available in calf-length and thigh-high styles, help in providing the benefits of graduated compression when transitioning from recovery to early rehabilitation following surgery. Rise in new product launches is expected to offer new growth avenues for manufacturers of compression stockings.

The global compression stockings market can be segmented based on product, condition, distribution channel, and geography. In terms of product, the compression stockings market can be divided into knee high compression stockings, thigh high compression stockings, and pantyhose compression stockings. Based on condition, the market can be classified into venous disorders, lymphedema, sports-related injuries, and others. In terms of distribution channel, the compression stockings market can be divided into online specialty stores, hospital pharmacies & clinics, retail stores, and others.

In terms of geography, the global compression stockings market can be segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America dominated the global compression stockings market, owing to ongoing efforts by government and non-government organizations for creating awareness about conditions such as venous disorders, lymphedema, etc.. North America is followed by Europe and Asia Pacific. Increase in the aging population and rise in the incidence of venous disorders among the population in Asia Pacific are likely to fuel the market during the forecast period.

Prominent players operating in the global compression stockings market are BSN medical, Design Veronique, Julius Zorn GmbH, Marena Group, medi GmbH & Co. KG, Medico International Inc., and Sigvaris Management AG.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

With a robust experience in creating exceptional market reports, Transparency Market Research has emerged as one of the trusted market research companies among a large number of stakeholders and CXOs. Every report at Transparency Market Research goes through rigorous research activity in every aspect. The researchers at TMR keep a close watch on the market and extract beneficial growth-boosting points. These points help the stakeholders to strategize their business plans accordingly.

TMR researchers conduct exhaustive qualitative and quantitative research. This research involves taking inputs from the experts in the market, focused attention on recent developments, and others. This method of research makes TMR stand out from other market research firms.

Here's how Transparency Market Research helps the stakeholders and CXOs through the reports:

Inculcation and Evaluation of Strategic Collaborations: The TMR researchers analyze recent strategic activities like mergers, acquisitions, partnerships, collaborations, and joint ventures. All the information is compiled and included in the report.

Perfect Market Size Estimations: The report analyzes the demographics, growth potential, and capability of the market through the forecast period. This factor leads to the estimation of the market size and also provides an outline about how the market will retrieve growth during the assessment period.

Investment Research: The report focuses on the ongoing and upcoming investment opportunities across a particular market. These developments make the stakeholders aware of the current investment scenario across the market.

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

Custom Market Research Services

TMR offers custom market research services that help clients to get information on their business scenario required where syndicated solutions are not enough.

REQUEST CUSTOMIZATION

Compression Stockings Market

Pre Book