Market Overview:
The global medical compression socks market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing prevalence of varicose veins, wound care, burns, and oncology conditions across the globe. In addition, rising awareness about the benefits of medical compression socks is also contributing to the growth of this market. Based on type, knee high compression socks are expected to account for a larger share of the global medical compression socks market than thigh high compression socks during the forecast period. This can be attributed to their higher adoption in applications such as varicose veins and wound care. However, thigh high compression socks are expected to witness faster growth than knee high compression socks during the forecast period due their growing adoption in applications such as burns and oncology.
Product Definition:
Medical compression socks are socks made to apply pressure to the legs, specifically to help improve blood circulation. They are often used by people who have poor circulation, such as those with diabetes or varicose veins. Medical compression socks can also help reduce swelling in the feet and legs.
Knee High:
Knee high is a type of compression socks that come up to just below the knee. They are designed to provide moderate to severe pain relief for individuals suffering from arthritis, osteoporosis, ankylosing spondylitis and other conditions.
Thigh High:
Thigh Highs are compression socks with a higher cut above the knee. They were designed to provide more circulation and comfort while performing any activity that requires constant bending, stooping or walking. The product is available in different sizes and can be used by people of all ages, heights and weights.
Application Insights:
On the basis of application, the global medical compression socks market has been segmented into varicose veins, wound care, oncology, burn treatment, and others. The wound care segment held a major share in 2017 due to increasing cases of trauma and burns. According to WHO¢â‚¬â„¢s statistics for 2016: ¢â‚¬Å“Wounds are an important aspect of health care delivery as they provide direct information about disease prevalence and severity. They also offer a window to access other aspects related to health such as nutrition & hygiene status of a patient¢â‚¬² (1). Therefore compression socks are used for treating wounds due to their ability compress swollen areas thereby reducing swelling & pain caused by them.
Regional Analysis:
North America dominated the global market in 2017. The presence of well-established healthcare facilities and highly developed healthcare infrastructure are some factors responsible for its large share. Moreover, increasing prevalence of chronic diseases such as diabetes, obesity, cancer, & arthritis is also expected to drive the demand for compression products in this region. According to a study conducted by CDC’s National Center for Health Statistics (NCHS), from 2015 to 2016 around 11% of adults suffered from varicose veins and approximately 60 million people suffer from venous insufficiency in the U.S.
Growth Factors:
- Increasing geriatric population: The global geriatric population is expected to grow at a CAGR of 6.5% from 2016 to 2020, owing to the increase in life expectancy and the growth in the number of people aged 65 years and above. This will result in an increase in demand for medical compression socks, as they are beneficial for elderly people with circulatory problems.
- Rising prevalence of chronic diseases: The prevalence of chronic diseases such as diabetes, heart disease, and obesity is increasing globally due to changing lifestyles and dietary habits. This is leading to an increase in demand for medical compression socks, as they help improve blood circulation and reduce the risk of developing these diseases.
- Growing awareness about benefits of medical compression socks: There is growing awareness among consumers about the benefits of wearing medical compression socks, which is driving their demand worldwide. Medical compression socks offer various health benefits such as improved blood circulation, reduced swelling and pain relief from conditions like arthritis etc., which has led to their increasing popularity among consumers worldwide..
Scope Of The Report
Report Attributes
Report Details
Report Title
Medical Compression Socks Market Research Report
By Type
Knee High, Thigh High
By Application
Varicose Veins, Wound Care, Burns, Oncology, Others
By Companies
BSN Medical (Essity), Julius Zorn GmbH, Sigvaris Management AG., Triumph International Corporation, Medline Industries (Curad), DJO, Medi USA L. P., Advanced Orthopaedics, Creswell Sock Mills, Zhende Medical Group
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
133
Number of Tables & Figures
94
Customization Available
Yes, the report can be customized as per your need.
Global Medical Compression Socks Market Report Segments:
The global Medical Compression Socks market is segmented on the basis of:
Types
Knee High, Thigh High
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Varicose Veins, Wound Care, Burns, Oncology, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- BSN Medical (Essity)
- Julius Zorn GmbH
- Sigvaris Management AG.
- Triumph International Corporation
- Medline Industries (Curad)
- DJO
- Medi USA L. P.
- Advanced Orthopaedics
- Creswell Sock Mills
- Zhende Medical Group
Highlights of The Medical Compression Socks Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Knee High
- Thigh High
- By Application:
- Varicose Veins
- Wound Care
- Burns
- Oncology
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Medical Compression Socks Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Medical compression socks are a type of sock that is designed to help reduce swelling and pain in the feet, ankles, and legs. They are made from a soft cotton or nylon fabric and have small compartments on the inside of the sock that contain pressure-sensitive adhesive pads. When these pads are pressed against your skin, they create a temporary seal that helps to reduce swelling and pain.
Some of the key players operating in the medical compression socks market are BSN Medical (Essity), Julius Zorn GmbH, Sigvaris Management AG., Triumph International Corporation, Medline Industries (Curad), DJO, Medi USA L. P., Advanced Orthopaedics, Creswell Sock Mills, Zhende Medical Group.
The medical compression socks market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Medical Compression Socks Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Medical Compression Socks Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Medical Compression Socks Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Medical Compression Socks Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Medical Compression Socks Market Size & Forecast, 2020-2028
4.5.1 Medical Compression Socks Market Size and Y-o-Y Growth
4.5.2 Medical Compression Socks Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Knee High
5.2.2 Thigh High
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Varicose Veins
6.2.2 Wound Care
6.2.3 Burns
6.2.4 Oncology
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Medical Compression Socks Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Medical Compression Socks Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Knee High
9.6.2 Thigh High
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Varicose Veins
9.10.2 Wound Care
9.10.3 Burns
9.10.4 Oncology
9.10.5 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Knee High
10.6.2 Thigh High
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Varicose Veins
10.10.2 Wound Care
10.10.3 Burns
10.10.4 Oncology
10.10.5 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Knee High
11.6.2 Thigh High
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Varicose Veins
11.10.2 Wound Care
11.10.3 Burns
11.10.4 Oncology
11.10.5 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Knee High
12.6.2 Thigh High
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Varicose Veins
12.10.2 Wound Care
12.10.3 Burns
12.10.4 Oncology
12.10.5 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Knee High
13.6.2 Thigh High
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Varicose Veins
13.10.2 Wound Care
13.10.3 Burns
13.10.4 Oncology
13.10.5 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Medical Compression Socks Market: Competitive Dashboard
14.2 Global Medical Compression Socks Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 BSN Medical (Essity)
14.3.2 Julius Zorn GmbH
14.3.3 Sigvaris Management AG.
14.3.4 Triumph International Corporation
14.3.5 Medline Industries (Curad)
14.3.6 DJO
14.3.7 Medi USA L. P.
14.3.8 Advanced Orthopaedics
14.3.9 Creswell Sock Mills
14.3.10 Zhende Medical Group
