About Compression Stockings
Compression stockings are specific hosiery intended to help prevent the occurrence of venous disorders such as deep vein thrombosis, lymphedema, sports-related injuries, and others. According to the Centers for Disease Control and Prevention (CDC) around 900,000 individuals are affected by DVT in the United States and an estimated 60,000-100,000 deaths are reported in the country every year. Moreover, emphasizing the development of advanced fabric expected to drive the demand for compression stockings during the forecasted period.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Market players are focusing on partnerships, collaborations, and new product launches in order to increase their offerings in the compression stockings market. In addition, companies are focusing on increasing their client base to strengthen market position and to enhance product offerings. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Compression Stockings market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
BSN Medical (Germany), Design Veronique (United States), Julius Zorn GmbH (Germany), Marena Group (United States), Medi GmbH & Co. KG (Germany), Medico International Inc. (United States) and Sigvaris Management AG (Switzerland) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Compression Stockings market by Type (Knee High, Thigh High, Pantyhose/Maternity and Waist Attachment) and Region.
On the basis of geography, the market of Compression Stockings 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). If we see Market by Condition, the sub-segment i.e. Venous Disorders will boost the Compression Stockings market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Distribution Channel, the sub-segment i.e. Online Specialty Stores will boost the Compression Stockings market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Compression Level, the sub-segment i.e. Mild Compression will boost the Compression Stockings market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Emphasizing on Development of Advanced Fabric and Availability in Various Fits and Sizes
Market Growth Drivers:
Growing Geriatric Population and It Prevents Swelling and Nerve Sensitivity
Challenges:
Lack of Awareness among End-Users and Compression Stockings can be Hard to put on
Restraints:
Growing Awareness about Probable Side Effects of Compression Stockings
Opportunities:
Growing Prevalence of DVT and Increasing Number of People with Venous Disorders
Market Leaders and their expansionary development strategies
In January 2018, Salzmann AG St. Gallen is selling its Swiss compression specialist SWISSLASTIC AG ST. GALLEN as well as its majority shares in Venosan Brasil, Venosan China and Venosan Canada to the medical device supplier Lohmann & Rauscher (L&R). With this step Salzmann AG St. Gallen is transferring its expertise in the areas of development, production, sales and distribution of compression therapy product solutions to the international L&R Group.
Sigvaris, a global leader in medical compression therapy, has announced that its popular EverSheer line is now available in 15-20mmHg compression to meet the demands of women that want a sheer look year-round.
Key Target Audience
Compression Stockings Manufacturers, Compression Stockings Distributors, Government Agencies, Commercial Research & Development Institutions, Government Organizations, Research Organizations, and Consulting Firms, Trade Associations and Industry Bodies and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.