The compression stockings market comprises medical hosiery including compression stockings, compression bandages & wraps and other compression garments. These are specially designed to treat chronic venous insufficiency conditions including varicose veins, deep vein thrombosis and leg edema. With growing prevalence of varicose veins and lifestyle augmenting risk factors, demand for compression stockings is witnessing strong growth. Compression stockings alleviate leg tiredness, reduce swelling and hasten healing by applying uniform graduated pressure to support leg veins and muscles.

The global compression stockings market is estimated to be valued at US$ 14,869.5 Mn in 2024 and is expected to exhibit a CAGR of 9.3% over the forecast period 2023 to 2030.

Key Takeaways

Key players operating in the compression stockings market are Bio Compression System, BSN Medical, Devon Medical Products, Flow Aid medical technologies, Design Veronique, Julius Zorn GmbH, and Medtronic SIGVARIS. The key players dominating the market over the past few years and are expected to retain their stronghold over the market in the coming years.

The major opportunities in the compression stockings market include increasing consumer awareness regarding medical benefits of compression stockings for various leg conditions and growing popularity of compression stockings for preventive healthcare. Additionally, expanding online channels for direct-to-customer sales and new product launches catering to specific health issues will continue accelerating the market growth.

Globally, the market leaders are focusing on business expansion strategies including manufacturing facility set up, collaborations and acquisitions to strengthen their geographic foothold. For instance, BSN medical expanded in Latin America through Medlock Medical acquisition which strengthened its position in high growth regions. Besides geographic expansion, companies are launching new technologies and designs in compression stockings to treat chronic venous disease more effectively.

Market drivers
Growing prevalence of varicose veins, deep vein thrombosis and chronic venous insufficiency due to obesity, lack of exercise and sedentary jobs. Compression stockings are a medically recommended treatment prescribed by physicians and nurses.

Market restraints
High costs associated with medical compression garments limiting adoption in price sensitive low and middle income countries. Additionally, discomfort experienced with tight compression stockings hinders compliance for long term use. Lack of awareness in rural areas also poses a challenge for market growth.


Segment Analysis
The medical segment held the largest market share in 2023 and is expected to continue its dominance during the forecast period. There is a high demand for compression stockings in the medical sector for treating varicose veins, deep vein thrombosis, chronic venous insufficiency, and other leg problems. Compression stockings offer benefits like reducing swelling, preventing blood clots, treating symptoms, and improving circulation. This makes them a preferred treatment option for many medical conditions related to leg health.

The sports segment is predicted to witness the fastest growth over the next few years. More people are participating in sporting activities nowadays which increases the risk of injuries like muscle strains. Compression stockings help provide support, relief from muscle soreness, and improve blood circulation after physical exertion. Sports professionals also use them to enhance performance, speed up recovery time between training sessions or games. The availability of fashionable compression stockings catering to the sports segment will further propel the growth.

Global Analysis
The North America region currently dominates the compression stockings market both in terms of value and volume. This can be attributed to factors like rising healthcare expenditure, growing geriatric population prone to leg problems, physician recommendations, and awareness among individuals regarding prevention and treatment of associated conditions.

Asia Pacific is poised to grow at the fastest pace during the forecast timeframe. This is due to increasing disposable incomes, expanding medical tourism industry, massive patient pools in highly populated countries such as India and China seeking affordable treatment options. Additionally, growing participation in sports and active lifestyles is augmenting the demand. The market players are also focusing on these emerging nations which will significantly contribute to the regional development.

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