Market Overview:
The global medical compression stocking market is expected to grow at a CAGR of 5.8% from 2018 to 2030. The growth in the market can be attributed to the increasing prevalence of venous diseases, rising geriatric population, and technological advancements in medical compression stockings. Based on type, the global medical compression stocking market is segmented into dynamic compression stockings, static compression stockings, and other types. The dynamic compression stockings segment is expected to grow at a higher CAGR during the forecast period owing to its benefits such as improved blood circulation and reduced swelling. Based on application, the global medical compression stocking market is segmented into hospitals, clinics, and others (including home care settings). The hospitals segment accounted for the largest share of the global medical compression stocking market in 2017 owing to increased awareness about venous diseases among healthcare professionals and patients. Geographically, North America dominates the global medical compression stocking market followed by Europe due States & Canada are anticipated witness highest growth rates over next 10 years due high adoption rate for innovative technologies products coupled with increasing incidence rates for chronic diseases such as obesity & diabetes mellitus which indirectly increase demand for these products across region Asia Pacific excluding Japan (APEJ) region is projected register highest CAGR over forecast period 2018-2030 driven by growing aging population base coupled with rising disposable income levels across countries such as China India Indonesia Malaysia Thailand Vietnam etc.
Product Definition:
A compression stocking is a close-fitting, elastic garment that is worn on the leg from the foot to just below the knee. It applies pressure to the leg, which helps improve blood circulation.
Dynamic:
Dynamic Medical Compression Stocking is a medical device used to reduce pain and swelling caused by injury or illness. It's main function is to control blood flow in the body, which helps in the treatment of conditions such as osteoporosis, anemia, arthritis and other diseases related to blood circulation. The product also aids in reducing muscle spasm and assists with improving range of motion during exercise therapy for patients recovering from surgery or injury.
Static:
A static is a stocking that is used to support and protect the injured or disabled part of the body. It helps in maintaining stability and protecting fractures, spinal injuries, sprains, strains & pull muscles. A static can be used for any part of the body; it has been designed according to specific requirements by medical professionals.
Application Insights:
The others application segment held the largest share of more than 50.0% in 2017. The other applications include industrial, home healthcare, and transportation among others. The growing demand for compression stockings due to rising cases of heart diseases and increasing awareness about the benefits associated with them is expected to drive the global medical compression stocking market over the forecast period.
Hospitals were estimated as one of the largest revenue-generating segments owing to increasing number of hospitals & clinics across various regions coupled with a rise in prevalence rates related cardiac disorders such as heart attack.
Regional Analysis:
North America dominated the global market in 2017. The presence of well-established healthcare infrastructure and high adoption rate for advanced medical devices are some major factors driving the regional growth. Moreover, increasing research & development activities by key players to develop technologically advanced products is also expected to drive demand over the forecast period.
Asia Pacific is anticipated to witness lucrative growth over the forecast period owing to rising patient pool due to aging coupled with increasing prevalence of chronic diseases such as cardiac failure, respiratory disorders, and diabetes that require surgical interventions resulting in an increase in hospital admissions.
Growth Factors:
- Increasing incidence of venous diseases and disorders such as varicose veins, deep vein thrombosis (DVT), and chronic venous insufficiency (CVI) is expected to drive the demand for medical compression stockings in the coming years.
- Rising geriatric population is also a major factor that will fuel the growth of this market in the near future. With increasing age, there is an increase in the prevalence of venous diseases and disorders, which will subsequently boost demand for medical compression stockings.
- Growing awareness about the benefits of wearing medical compression stockings among people is another key factor that will propel market growth during the forecast period. These socks offer various health benefits such as prevention or treatment of venous diseases and improve blood circulation, which has resulted in an increase in their demand over time.
- Technological advancements leading to development of new products with enhanced features are likely to create opportunities for market growth during the forecast period. For instance, manufacturers are now offering graduated compression socks that provide better pressure relief than traditional ones and are suitable for a wide range of patients suffering from different types of venous diseases or disorders . This growing trend is expected to benefit market growth significantly over next few years . 5) The increasing number women who enter into workforce coupled with rising cases obesity across globe would be potential drivers for Compression stocking industry
Scope Of The Report
Report Attributes
Report Details
Report Title
Medical Compression Stocking Market Research Report
By Type
Dynamic, Static,
By Application
Hospitals, Clinics, Others,
By Companies
3M Health Care, ArjoHuntleigh, Bio Compression Systems, Inc., BSN medical, Getinge Group, Hartmann AG, medi GmbH & Co KG, Medtronic plc (Covidien), Paul Hartmann AG, Sigvaris Management AG, Smith & Nephew plc.
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
244
Number of Tables & Figures
171
Customization Available
Yes, the report can be customized as per your need.
Global Medical Compression Stocking Market Report Segments:
The global Medical Compression Stocking market is segmented on the basis of:
Types
Dynamic, Static,
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
Hospitals, Clinics, 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:
- 3M Health Care
- ArjoHuntleigh
- Bio Compression Systems, Inc.
- BSN medical
- Getinge Group
- Hartmann AG
- medi GmbH & Co KG
- Medtronic plc (Covidien)
- Paul Hartmann AG
- Sigvaris Management AG
- Smith & Nephew plc.
Highlights of The Medical Compression Stocking 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:
- Dynamic
- Static
- By Application:
- Hospitals
- Clinics
- 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 Stocking 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.
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- 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 stocking is a type of medical device that helps to reduce swelling and pain in the legs. Compression stockings are typically worn during surgery or other medical procedures to help prevent blood from flowing away from the injured area and causing further swelling.
Some of the major players in the medical compression stocking market are 3M Health Care, ArjoHuntleigh, Bio Compression Systems, Inc., BSN medical, Getinge Group, Hartmann AG, medi GmbH & Co KG, Medtronic plc (Covidien), Paul Hartmann AG, Sigvaris Management AG, Smith & Nephew plc..
The medical compression stocking market is expected to grow at a compound annual growth rate of 5.8%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Medical Compression Stocking Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Medical Compression Stocking Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Medical Compression Stocking Market - Supply Chain
4.5. Global Medical Compression Stocking Market Forecast
4.5.1. Medical Compression Stocking Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Medical Compression Stocking Market Size (000 Units) and Y-o-Y Growth
4.5.3. Medical Compression Stocking Market Absolute $ Opportunity
5. Global Medical Compression Stocking Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Medical Compression Stocking Market Size and Volume Forecast by Type
5.3.1. Dynamic
5.3.2. Static
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Medical Compression Stocking Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Medical Compression Stocking Market Size and Volume Forecast by Application
6.3.1. Hospitals
6.3.2. Clinics
6.3.3. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Medical Compression Stocking Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Medical Compression Stocking Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Medical Compression Stocking Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Medical Compression Stocking Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Medical Compression Stocking Demand Share Forecast, 2019-2026
9. North America Medical Compression Stocking Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Medical Compression Stocking Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Medical Compression Stocking Market Size and Volume Forecast by Application
9.4.1. Hospitals
9.4.2. Clinics
9.4.3. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Medical Compression Stocking Market Size and Volume Forecast by Type
9.7.1. Dynamic
9.7.2. Static
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Medical Compression Stocking Demand Share Forecast, 2019-2026
10. Latin America Medical Compression Stocking Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Medical Compression Stocking Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Medical Compression Stocking Market Size and Volume Forecast by Application
10.4.1. Hospitals
10.4.2. Clinics
10.4.3. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Medical Compression Stocking Market Size and Volume Forecast by Type
10.7.1. Dynamic
10.7.2. Static
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Medical Compression Stocking Demand Share Forecast, 2019-2026
11. Europe Medical Compression Stocking Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Medical Compression Stocking Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Medical Compression Stocking Market Size and Volume Forecast by Application
11.4.1. Hospitals
11.4.2. Clinics
11.4.3. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Medical Compression Stocking Market Size and Volume Forecast by Type
11.7.1. Dynamic
11.7.2. Static
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
1.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Medical Compression Stocking Demand Share, 2019-2026
12. Asia Pacific Medical Compression Stocking Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Medical Compression Stocking Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Medical Compression Stocking Market Size and Volume Forecast by Application
12.4.1. Hospitals
12.4.2. Clinics
12.4.3. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Medical Compression Stocking Market Size and Volume Forecast by Type
12.7.1. Dynamic
12.7.2. Static
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Medical Compression Stocking Demand Share, 2019-2026
13. Middle East & Africa Medical Compression Stocking Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Medical Compression Stocking Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Medical Compression Stocking Market Size and Volume Forecast by Application
13.4.1. Hospitals
13.4.2. Clinics
13.4.3. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Medical Compression Stocking Market Size and Volume Forecast by Type
13.7.1. Dynamic
13.7.2. Static
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Medical Compression Stocking Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Medical Compression Stocking Market: Market Share Analysis
14.2. Medical Compression Stocking Distributors and Customers
14.3. Medical Compression Stocking Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. 3M Health Care
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. ArjoHuntleigh
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Bio Compression Systems, Inc.
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. BSN medical
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Getinge Group
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Hartmann AG
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. medi GmbH & Co KG
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Medtronic plc (Covidien)
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Paul Hartmann AG
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Sigvaris Management AG
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Smith & Nephew plc.
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
