Compression Socks Market Outlook
According to the report by Expert Market Research (EMR), the global compression socks market is anticipated to witness substantial growth, with a projected CAGR of 5% during the forecast period from 2024 to 2032. The market’s expansion is attributed to various factors such as the rising prevalence of venous disorders, increasing awareness regarding the benefits of compression therapy, advancements in fabric technology, and the growing adoption of compression socks in sports and fitness activities. Compression socks have emerged as an effective solution for managing various medical conditions such as deep vein thrombosis (DVT), edema, varicose veins, and lymphedema, among others. Additionally, they offer benefits for individuals engaged in occupations requiring prolonged standing or sitting, such as healthcare professionals, airline crew members, and office workers.
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The global compression socks market has experienced notable evolution in recent years, driven by factors like technological innovations, product diversification, and strategic marketing initiatives. Manufacturers are continuously investing in research and development activities to enhance product efficacy, comfort, and aesthetics. Furthermore, the increasing availability of compression socks through online retail channels and the expanding product portfolios of leading brands have contributed to market growth. The convenience of online shopping, coupled with a wide range of product options and competitive pricing, has boosted consumer accessibility and preference for compression socks.
The burgeoning aging population worldwide, coupled with the escalating incidence of chronic venous disorders associated with sedentary lifestyles and obesity, has significantly propelled the demand for compression socks. Moreover, the growing adoption of compression therapy as a preventive measure against leg fatigue and swelling among athletes and fitness enthusiasts has further augmented market growth. The incorporation of advanced compression technologies, such as gradient compression and seamless knitting techniques, has enhanced the performance and comfort of compression socks, driving consumer acceptance and loyalty.
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Compression Socks Market Segmentation
The global compression socks market can be segmented based on type, material, distribution channel, application, and region.
Market Breakdown by Type
- Graduated Compression Socks
- Anti-Embolism Compression Socks
- Non-Medical Compression Socks
Market Breakdown by Material
Market Breakdown by Distribution Channel
- Online Retail
- Offline Retail
- Specialty Stores
- Pharmacies & Drug Stores
- Supermarkets & Hypermarkets
Market Breakdown by Application
- Medical Use
- Sports & Fitness
- Occupational Use
Market Breakdown by Region
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
Compression Socks Market Competitive Landscape
The EMR report provides comprehensive insights into the competitive landscape of the global compression socks market, including market shares, strategic initiatives, product developments, mergers and acquisitions, and financial performance of key players. Some of the prominent companies profiled in the report are:
- 3M Company
- Medi GmbH & Co. KG
- Calzificio Zeta
- BSN medical GmbH
- Sigvaris AG
- Santemol Group Medikal
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