Industry Background:
Increasing prevalence of chronic venous disorders driving the demand for stretch socks. For instance, according to the Society for Vascular Medicine over 30 million people in the United States are suffering from venous disorders. Additionally, according to the Centers for Disease Control and Prevention (CDC) over 900,000 individuals are affected by Deep vein thrombosis (DVT) in the United States. Moreover, increasing demand from the healthcare sector expected to drive the product demand during the forecasted period.
This growth is primarily driven by The rise in the number of patients with venous disorders globally is a major factor driving the demand for stretch socks. Venous disorders refer to chronic conditions caused by abnormal functioning of veins. Stretch socks helps to prevent and further progression of venous disorders. Stretch socks are used to treat edema, chronic venous insufficiency, varicose veins, deep vein thrombosis, lymphedema, and phlebitis hence there has been a rise in demand for stretch socks..
Globally, a noticeable market trend is evident Growing R&D Activities
. Major Players, such as Sigvaris (Switzerland), Medi (Germany), BSN Medical (Germany), Juzo (Germany), 3M (United States), Bauerfeind AG (Germany) and Medico International Inc. (United States) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Market Drivers
- The rise in the number of patients with venous disorders globally is a major factor driving the demand for stretch socks. Venous disorders refer to chronic conditions caused by abnormal functioning of veins. Stretch socks helps to prevent and further progression of venous disorders. Stretch socks are used to treat edema, chronic venous insufficiency, varicose veins, deep vein thrombosis, lymphedema, and phlebitis hence there has been a rise in demand for stretch socks.
Market Trend
- Growing R&D Activities
- Development of Custom Fit Stretch Stockings
Restraints
- Stringent Government Regulations
Opportunities
Rising Demand from Medical Sector and Increasing Demand from Developing Economies
Challenges
Lack of Awareness in Emerging Regions
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Stretch Socks Study Sheds Light on
The Stretch Socks Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Stretch Socks industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Stretch Socks industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.