Compression Socks Market
Compression Socks Market Analysis By Product Type (Standard, Graduated), By Application (Deep Vein Thrombosis, Chronic Venous Disorder, Diabetes Wounds), By Distribution Channel (Hospital Pharmacies, Retail Pharmacies & Drug Stores, Online Sales) & By Region – Global Market Insights 2023 to 2033
Analysis of Compression Socks Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Compression Socks Market Outlook (2023 to 2033)
The global compression socks market amounts to US$ 690.72 million in 2023. Worldwide demand for compression socks is projected to expand at a CAGR of 4.7% and reach a market size of US$ 1.09 billion by 2033-end.
Rising awareness about the benefits of compression socks in the treatment of hypertension, reduced leg and foot volume, and venous reflux is predicted to fuel their demand. In various orthopedic surgeries, compression socks are widely used to reduce swelling, ease discomfort, and speed up functional recovery.
- Sales of compression socks in the United States are projected to increase at a CAGR of 4.5% and reach US$ 342.23 million by the end of 2033.
- Worldwide demand for graduated compression stockings is estimated to register 4.9% CAGR and settle at a market valuation of US$ 646.2 million by 2033-end.
- Sales of compression socks in South Korea are forecasted to rise at a CAGR of 2% and reach US$ 29.52 million by 2033.
Obese individuals experience additional pressure on their internal organs and skin due to their elevated body weight. This places them at an elevated risk of developing vascular disorders and increases their likelihood of developing venous thrombosis. Obesity raises the probability of recurrent thrombosis. In comparison to individuals with a normal weight, overweight individuals have a 30% higher risk of venous thromboembolism (VTE), while the risk increases by 60% for those who are obese.
Demand for compression socks is predicted to increase due to the growing risk among patients of developing VTE because of obesity.
- According to the CDC (Centers for Disease Control and Prevention), a sedentary lifestyle is linked with deep vein thrombosis (CDC) and similar disorders. The sedentary lifestyle is responsible for about 2 million deaths every year. The rising cases of VTE are predicted to have a direct impact on sales of compression socks.
Phlebological patients are key users of compression socks. Athletes and sports enthusiasts are also estimated to contribute to the increased demand for compression socks. Use of these socks for sports activities and athletics has demonstrated a noteworthy improvement in muscle healing as well as prevention. Compression socks are also helpful for reducing DOMS (delayed-onset muscle soreness). Professionals have experienced minimal effectiveness at the same time but beginners and amateurs are seeing a noteworthy rise in muscle development.
A recently published report by Fact.MR, a provider of market research and competitive intelligence, offers a thorough analysis of various aspects of the compression socks market. This report gives comprehensive insights about growth drivers, new developments, regional analysis, key trends, industry players, key limitations, and many other aspects to respective readers.
Compression Socks Market Size (2023)
US$ 690.72 Million
Forecasted Market Value (2033)
US$ 1.09 Billion
Global Market Growth Rate (2023 to 2033)
China Market Growth Rate (2023 to 2033)
Japan Market Value (2033)
US$ 55.76 Million
United Kingdom Market Value (2033)
US$ 53.57 Million
Deep Vein Thrombosis Segment Growth Rate (2023 to 2033)
Key Companies Profiled
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What are the Factors Influencing the Demand for Compression Socks?
“Growing Global Burden of Deep Vein Thrombosis”
Anticoagulant therapy is often necessary as a short-term treatment for thromboembolic conditions. It is inevitably related to increased bleeding risks. Patients are looking for alternative therapeutic approaches that are further leading to the rising adoption of compression socks. The long-term consequences of a greater risk of thrombosis recurrence are also projected to boost demand for compression socks.
- According to a comprehensive scientific study conducted by the World Thrombosis Day Steering Committee, around 10 million cases of venous thromboembolism are occurring on an annual basis.
“Increasing Prevalence of Venous Disorders Among Geriatric Population”
Rising population of elderly people is predicted to lead to a large number of cases of venous disorders around the world. Chronic venous insufficiency is one of the prominent problems affecting elderly people.
- According to the World Population Ageing Report that was published by the United Nations Organization (UNO) in 2017, the global population of geriatric people is predicted to reach 2.1 billion by the end of 2050.
- According to a study published by the National Center for Biotechnology Information, venous disorders commonly affect lower limbs. The prevalence rate of this disorder is 10% to 20% in men and 25% to 40% in women.
Compression socks are engineered to reduce the discomfort caused due to swelling in the legs. A downward force is exerted on the veins and compression stockings exert a counterforce to reduce the load on the patient’s heart.
What are the Hindrances to the Demand Growth for Compression Socks?
“Lack of Standardization in Manufacturing of Compression Socks”
There are no concrete standardization regulations for the manufacturing of compression socks. Certain differences are noticed in the existing brands because of regional differences in the comfort levels of brands. Different compression sizes and stages are also impacting the effectiveness of compression socks. These factors are predicted to lead to reduced reliability among consumers about brands.
“Side Effects Associated with Compression Socks”
Certain side effects associated with compression socks are projected to adversely impact their demand. When individuals have allergies to the material used in compression socks or if the socks are not the correct size, it is anticipated that this will lead to skin alterations.
Compression socks can worsen ischemia and abnormal atrial flow and reduce oxygen levels in the blood. Corns and calluses and pain in the foot are some possible side effects of wearing compression socks.
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What Initiatives are Start-ups Adopting to Enhance Their Offerings?
“Focus of New Companies on R&D to Enhance Effectiveness of Compression Socks”
Start-ups are predicted to invest in R&D activities that will help them to create and follow standard compression sizes and stages to improve the effectiveness of medical socks. These initiatives are predicted to help new players to increase the effectiveness of products.
What Makes the United States a Lucrative Market for Manufacturers of Compression Socks?
“Growing Cases of Deep Vein Thrombosis (DVT) Bolstering Demand for Compression Socks”
Sales of compression socks in the United States are predicted to advance at a CAGR of 4.5% and reach US$ 342.23 million by the end of 2033. Rising cases of deep vein thrombosis (DVT) due to obesity are predicted to boost demand for compression socks in the United States. Long-term symptoms of DVT, including discoloration, pain, peeling, and swelling in the affected limb are also projected to generate demand for compression socks in the country.
What is the Demand Outlook for Compression Socks in the United Kingdom?
“Increasing Investments by Government to Develop Innovative Healthcare Products”
Demand for compression socks in the United Kingdom is anticipated to register a 3.5% CAGR and reach US$ 53.57 million by 2033-end. Demand for compression socks is increasing due to growing awareness of their importance. The United Kingdom government is investing heavily in the development of various innovative healthcare products.
How is the Demand for Compression Socks Shaping Up in Japan?
“High Usage of Compression Socks to Minimize Foot Fatigue”
The Japanese compression socks market is projected to expand at a CAGR of 4.5% and reach a valuation of US$ 55.76 million by the end of 2033. Compression socks in Japan are designed to minimize foot fatigue and optimize comfort in routine life. They are constructed from woven cotton that wraps the foot to relieve tired legs and improve blood flow and improve sleep.
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Why Do Graduated Compression Socks Account for Bulk of Sales?
“Widespread Deployment of Graduated Compression Socks for Edema and Chronic Venous Disease Treatment”
Demand for graduated compression socks is anticipated to expand at a CAGR of 4.9% to climb to US$ 646.2 million by 2033. Graduated stockings exert compression at the ankles that gradually decrease upwards along the garment. These types of compression socks are deployed for the treatment of edema and chronic venous disease.
Graduated compression socks are specially produced for ambulatory patients. They are manufactured under stringent technical and medical specifications to improve durability and consistency.
For What Purpose are Compressive Socks Used to a Significant Extent?
“Rising Use of Compression Socks in Preventing Deep Vein Thrombosis”
Sales of compression socks in the deep vein thrombosis sector are projected to register a 4.5% CAGR and amount to US$ 340 million by 2033-end. Compression socks are helpful in the prevention of DVT (deep vein thrombosis) symptoms in the majority of cases.
Compression socks can squeeze limbs for the stimulation of adequate blood flow. They apply significant pressure on ankles that gets lighter up the legs and thus compels the blood flow upward. Therefore, this therapeutic solution helps ease discomfort, swelling, and blood build-up.
Key Market Players
There is intense competition among industry players despite the presence of fewer prominent competitors in the global market. Industry players are investing in strengthening their supply chain management systems, maintaining product standards, and ensuring the delivery of quality products to end users.
Manufacturers of compression socks are concentrating on innovation and product differentiation to gain a competitive edge in the market.
- Thusane SAS is a prominent manufacturer of medical devices in Europe. In January 2021, the company acquired Knit-Rite Inc. along with its Therafirm division, which is working to provide compression products that include compression socks.
- Hatch, in 2020, launched the Hatch Compression Sock. In the same year, the company also launched the Swell Relief Duo to provide relief to expecting mothers to soothe swollen ankles and feet.
Key companies in the compression socks market are Juzo Inc., SIGVARIS Group, Medtronic Plc., Essity Aktiebolag, 3M Company, Sanyleg S.R.L., Santemol Group Medikal, Calzificio ZETA S.R.L., Medi GmbH & Co. KG, and Thuasne SAS.
Segmentation of Compression Socks Industry Research
By Product Type :
By Application :
- Deep Vein Thrombosis
- Chronic Venous Disorder
- Diabetes Wounds
By Distribution Channel :
- Hospital Pharmacies
- Retail Pharmacies & Drugs Stores
- Online Sales
By Region :
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
- FAQs -
The global compression socks market stands at US$ 690.72 million in 2023.
Sales of compression socks are forecasted to rise at a CAGR of 4.7% through 2033.
The Chinese market is estimated to reach a valuation of US$ 358.63 million by 2033.
Revenue from the sales of graduated compression socks is anticipated to reach US$ 646.2 million by 2033.
Demand for compression socks in the U.S. is projected to rise at a CAGR of 4.5% through 2033.
Sales of compression socks in Japan are predicted to register 4.5% CAGR through 2033.
The global market is predicted to reach a value of US$ 1.09 billion by 2033-end.