Medical Socks Market Scope
Medical socks are used to prevent or control edema (leg swelling). These items of clothing include stockings sleeves, pantyhose, depending on the location and type of swelling. It helps to improve the circulation of different parts of the body by avoiding the build-up of fluid in the arms or legs. Medical compression socks offer benefits that cut across all genders, ages, and sports professions. These socks conventionally recover the blood circulation, reduce pain and swelling in legs or arms, and reduce the risk of having deep vein thrombosis, among other things. People wear compression socks to be more comfortable, prevent some chronic medical conditions and perform better in sports.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key Companies Profiled | Juzo, Inc. (United States), Essity Aktiebolag (Sweden), Medtronic Plc. (Ireland), SIGVARIS (Switzerland), 3M Company (United States), medi GmbH & Co KG (Germany), Therafirm (United States), Santemol Group Medikal (Turkey), Sanyleg S.R.L. (Italy), Calzificio ZETA S.R.L. (Italy) and 2XU (Australia) |
CAGR | 4.7% |
The key manufacturers are targeting the innovations of the products with better quality, and better technical characteristics, and also assist in providing and humanizing the after-sale service to the consumers. The key players are probable to keep a stronghold on the market over the anticipated period. The key players are accepting strategic decisions and are thinking about mergers and acquisitions to maintain their presence in the market. Research Analyst at AMA estimates that Global Vendors will contribute to the maximum growth of Global Medical Socks market throughout the predicted period.
Juzo, Inc. (United States), Essity Aktiebolag (Sweden), Medtronic Plc. (Ireland), SIGVARIS (Switzerland), 3M Company (United States), medi GmbH & Co KG (Germany), Therafirm (United States), Santemol Group Medikal (Turkey), Sanyleg S.R.L. (Italy), Calzificio ZETA S.R.L. (Italy) and 2XU (Australia) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research are BELSANA (Germany), Sunpolar International Co., Ltd. (Taiwan) and BSN medical GmbH (Germany).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Medical Socks market by Type , by Application (Edema, Pregnancy and Varicose Veins) and Region with country level break-up.
On the basis of geography, the market of Medical Socks has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2023.
Market Leaders and their expansionary development strategies
On January 8, 2020 - Medtronic plc announced that it has acquired Stimgenics, LLC, a privately-held company based in Bloomington, Illinois, that has pioneered a novel spinal cord stimulation (SCS) waveform known as Differential Target Multiplexed (DTM™) Spinal Cord Stimulation.
In November 2023, Owlet, Inc. achieved De Novo FDA clearance for its Dream Sock, the first and only over-the-counter, medical-grade pulse oximeter cleared for infants.
Influencing Trend:
Manufacturers of Compression Socks Have Revolutionized the Market with Different Designs and Styles and Development of Custom Fit Stretch Stockings
Market Growth Drivers:
Increasing Demand for Medical Grade Socks as they Are Specialized Elastic and Rising Demand for Fashionable Fabrics in Medical Socks
Challenges:
Lack of Awareness in Emerging Regions
Restraints:
Stringent Government Regulations
Opportunities:
Rising Number of Patients with Venous Disorders Globally
Key Target Audience
Manufacturers of Medical Socks, Suppliers of Medical Socks, Wholesalers, Distributors and Retailers of Medical Socks, Healthcare Industry and Governmental Bodies