Therapeutic Socks Market

Therapeutic Socks Market: Introduction

• Therapeutic socks are also known as compression socks. These socks are specially designed to apply pressure to the lower legs, helping to maintain blood flow and reduce discomfort and swelling. Therapeutic socks come in a variety of sizes, lengths and colors. They are also available with different strengths of compression.
• Patients suffering from issues such as varicose veins and lymphoedema are prescribed to use therapeutic or compression socks. Therapeutic socks can also be soothing and helpful for people with diabetes, who need to remain standing for a good portion of their workday or even those who have disorders in their circulatory system. These socks are primarily worn during the day and taken off in the night, just before going to bed.

Key Drivers of the Global Therapeutic Socks Market

• A large elderly population in the West and in countries such as China and Japan is expected to be the biggest driver for the therapeutic socks market. High prevalence of diabetes leading to other complications (venous diseases) is also likely to boost sales of therapeutic socks.
• Further, awareness campaigns conducted by non-profit organizations and healthcare companies highlighting the complications of venous diseases and the importance of compression therapy is expected to boost the therapeutic socks market.

Therapeutic Socks Market: Key Segments

• The global therapeutic socks market can be segmented based on product type, application, distribution channel, and region. Based on product type, the market can be classified into standard therapeutic socks and graduated therapeutic stockings. In terms of application, the market can be segmented into therapeutic socks for deep vein thrombosis, therapeutic socks for chronic venous disorder, therapeutic socks for diabetes wounds, and therapeutic socks for other applications. Therapeutic socks for deep vein thrombosis is expected to dominate the market during the forecast period. In terms of distribution channel, the market is segmented into online and offline channel.

North America Dominates the Therapeutic Socks Market

• By region, the global therapeutic socks market is classified into North America (NA), Europe (EU), Asia Pacific (APAC), Middle East & Africa (MEA), and South America (SA).
• Country-level bifurcation of the North America market includes the forecast and analysis for the U.S., Canada, and Rest of North America. Country-level analysis and forecast of the Europe market covers the therapeutic socks market in the U.K., Germany, France, and Rest of Europe. The country-level analysis and forecast of the Asia Pacific market includes major countries in the region such as India, China, Japan, and Rest of Asia Pacific. Middle East & Africa country-level analysis and forecast include GCC countries, South Africa, and Rest of Middle East & Africa. The South America therapeutic socks market is categorized into Brazil, and Rest of South America.
• The largest therapeutic socks market in the world is North America, with the U.S alone accounting for nearly half of the market. This is mainly due to an overall aging population with access to advanced healthcare facilities, and a high prevalence of diabetes and obesity. It will remain the largest market during the foreseeable future due to the same reasons mentioned above.

Key Players Operating in the Global Market

The market for therapeutic socks is largely consolidated, with top players accounting for most of the market share. Despite fewer top competitors in the therapeutic socks market, competition among top-tier players has been high. Companies are focusing on new product introduction and product differentiation to maintain a foothold in the market.

Some of the major companies identified in the global therapeutic socks market are:

• Sigvaris Group
• Juzo, Inc.
• Essity Aktiebolag (publ)
• Medtronic Plc
• Thuasne SAS
• Hatch
• Dr Segal’s
• Elastic Therapy
• 3M Company
• Medi GmbH & Co. KG

Global Therapeutic Socks Market: Research Scope

Global Therapeutic Socks Market, by Product Type

• Standard Therapeutic Socks
• Graduated Therapeutic Stockings

Global Therapeutic Socks Market, by Application

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

Global Therapeutic Socks Market, by Distribution Channel

• Online
  • Company Website
  • E-commerce Websites
• Offline
  • Specialty Stores
  • Drug Stores
  • Others (Independent Retail Stores, etc.)

Global Therapeutic Socks Market, by Region

• North America
  • U.S.
  • Canada
  • Rest of North America
• Europe
  • Germany
  • France
  • U.K.
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • Rest of Asia Pacific
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa
• South America
  • Brazil
  • Rest of South America

The report on the global therapeutic socks market is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, and inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macroeconomic indicators, and governing factors, along with market attractiveness as per segments. The report also maps the qualitative impact of various factors on market segments and regions.