Compression Socks Market Forecast, Trend Analysis & Competition Tracking - Global Market Insights 2019 to 2029

Published on : Jan-2020 | List of Tables : 120 | List of Figures : 133 | No. of Pages : 170 | Report Code : FACT3519MR | Format :

Sales of Compression Socks Ride High on Increasing Preventive Measures for Phlebelogical Disorders

Phlebelogical medical disorders account for over 60% of mortality rate among diabetes patients, inadvertently increasing demand for therapeutic and preventive devices and products such as compression socks. Mature markets like North America and Europe have been at the forefront for demand of compression socks. The shift seen in consumer preference for preventive usage from the erstwhile therapeutic usage is expected to further fuel growth and create untapped market potential. Owing to steady product demand, compression socks market is expected to observe an absolute $ opportunity of around US$ 400Mn during the forecast period.

North America at the Forefront, as Collaborations with Pharmacies and Drug Stores Heighten, China Close Behind

North America remains largest market for compression hosiery including compression socks, accounting for 1/3rd of the value share in the market and set to grow 1.7X over the forecast period. While North America remains one of prominent regions for compression socks demand, the market has been highly saturated. On the back of these factors, top competitors have been realigning their focus and have been seen to be expanding in emerging regions such as China. Investments of companies in China are expected to exponentially increase with imposition of the new Foreign Investment Law. The changes in trade policies and large untapped market for therapeutic devices are expected to drive the demand for compression socks in China. This in turn will propel growth of East Asia compression socks market projected to grow 2.4X through 2029.

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Manufacturers Leveraging Consumer Purchases Through Brick and Mortar Stores

Market leaders as well as new emerging players in compression socks are seen to have higher focus on development of contracts with ground level distributors and institutions than online retail. The increase in focus is further intensifying in emerging countries such as China and India, due to the low presence of market leaders. This is expected to increase revenue share of retail pharmacies as well as hospital pharmacies, which are expected to grow 1.8X during forecast period.

Innovative and Graduated Compression Socks to Give Traction to the Market

Graduated compression socks have garnered significant attention from consumers in the recent past. To meet this increasing consumer demand, manufacturers are focusing on product development in graduated compression socks. Padded compression socks are one of the latest products introduced in the market. While the concept of padded compression socks has been lower in sports, demand has been substantial in consumers with DVT. Customization of graduated compression socks in terms of length and fitting has also been offered by multiple small players in the market. This has been instrumental in the growth of graduated compression socks, which are expected to portray more than 1.8X growth by 2029 over 2019.

Companies are Focusing on Product Differentiation to Sustain in Compression Socks Market

The market for compression socks is largely consolidated, with top players accounting for more than 3/5th of the market share. Despite fewer top competitors in compression socks market, competition among top tier players has been high. Companies are focusing on new product introduction and product differentiation to maintain foothold in the market. Sigvaris Group is the top player accounting for majority share in compression socks market. Juzo, Inc., Essity Aktiebolag (publ) and Medtronic Plc. are mid-tier competitors in the compression socks industry.

  • In April 2019, medi GmbH & Co KG launched padded compression socks in 15-20 mmHg and 20-30 mmHg compression classes. Adding functionality for compression socks was aimed to increase consumer convenience and comfort at an affordable price.
  • In September 2019, Sigvaris launched a new variety of compression socks, which were claimed to be made from innovative hybrid containment and compression garments. These compression socks were developed for usage in patients to alleviate edema.
  • In May 2018, Sigvaris launched “Delilah-140D”, compression socks made with 140 denier material to promote seasonal usage of compression socks.
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Global Compression Socks Market: Scope of the Report

The compression socks market is anticipated to observe a significant growth in the forecast period of 2019 to 2029, according to the Fact.MR study. The study propounds key trends that are currently shaping the growth of the compression socks market. This newly published and insightful report sheds light on the key dynamics, which are expected to transform the future of the Compression Socks market. This, in turn, is creating flourishing avenues for prominent companies as well as emerging players associated with the manufacturing of Compression Socks.

The compression socks market study is a sinuous market intelligence on the key drivers, challenges, industry trends and opportunities, which is likely to influence growth trajectory of the Compression Socks market. The report initially imparts an overview of the compression socks market, considering current and future prospects in the growth, to unveil attractive facets pertaining to the adoption of compression socks across key regional markets.

An in-depth assessment on few of the compression socks manufacturers offered in the report enables the report readers to gain detailed insights that are derived from compression socks manufacturers across regional markets. A list of key companies operating in the compression socks market provided in the report adds to the credibility of this exhaustive research study.

Global Compression Socks Market: Opportunity Analysis

The report offers a detailed study on different factors influencing demand, sales, and revenue generation in the compression socks market around the world. The opportunity analysis included in the report is beneficial for readers to better understand opportunities in the compression hosiery industry, which in turn, is likely to trigger the adoption of compression socks. An elaborated cost structure analysis provides the report with an innate completeness, and analysis offered on the cost structure involves all the regional markets incorporated.

A detailed forecast on the global Compression Socks market has also been offered by experts, who have categorized market forecasts into a likely scenario, a conservative scenario, and an optimistic scenario regarding adoption and involvement of the global market during the forecast period. Analysis and assessment of price point by region has also been included in this study. The study also exerts details on aspects impacting strategies of manufacturers within the global compression socks market.

Global Compression Socks Market: Segmentation

Segmentation table of the global Compression Socks market has been provided below on the basis of type, application, distribution channel and region.

Product Type

Application

Distribution Channel

Region

Standard Compression socks

Deep Vein Thrombosis

Hospital Pharmacies

North America

Graduated Compression Socks

Chronic Venous Disorder

Retail Pharmacies and Drug Stores

Latin America

 

Diabetes Wound

Online Sales

Europe

 

Others

Others

East Asia

 

 

 

South Asia

 

 

 

Oceania

 

 

 

Middle East and Africa

Global Compression Socks Market: Analysis on Market Size Evaluation

Market valuation at the global and regional scale for the global compression socks market is offered in terms of “US$ Mn.” A Y-o-Y growth comparison on the key compression socks market segments, along with the market attractiveness assessment quantifies insights delivered in the report. Metrics mentioned above are also tracked based on consumption across several regions where compression socks is witnessing a growing demand.

Global Compression Socks Market: Scrutinized Assessment on Regional Segments

Weighted chapters have been included in the report on the global compression socks market, which imparts a forecast on the regional markets recognizing the regional macros (business, economic and political environment outlook), which are expected to have an impact on the growth on the global compression socks market in the near future.

Country-specific assessment on the demand for compression socks has also been provided for each regional market, along with the market size valuation, price point assessment, price index, and impact analysis of key regional and country-wise dynamics. Y-o-Y growth projections have also been offered on all regional markets that are incorporated in the report.

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Global Compression Socks Market: In-depth Analysis on Competitive Landscape

The report concludes with a weighted chapter on the competition landscape considering up-to-date and essential developments related to market players, who are predominantly engaging in the production and distribution of compression socks, along with company’s strategies, identification, and analysis. Market share comparison and analysis of these market players offered in the report enables readers to devise strategies for their businesses.

The intensity mapping of the market players operating in the global compression socks market provides readers with actionable intelligence, which helps in understanding the current market status and prospects determining the competition levels in the global compression socks market.

1. Executive Summary

    1.1. Global Market Outlook

    1.2. Summary of Key Findings 

    1.3. Summary of Statistics

    1.4. Key Market Characteristics

    1.5. Demand and Supply Side Trends

    1.6. Analysis and Recommendations

2. Market Overview

    2.1. Market Coverage / Taxonomy

    2.2. Market Definition / Scope / Limitations

3. Market Background

    3.1. Population Affected by Edema/ Phlebitis/ Thrombosis, by Region

    3.2. Average Expenditure on Compression Socks by Affected Population

    3.3. Brand Mapping

        3.3.1. Brand Preference, by Region

        3.3.2. Brand Footprint, by Region

    3.4. Compression Socks Market Opportunity Assessment

        3.4.1. Total Available Market (US$ Mn)

        3.4.2. Serviceable Addressable Market (US$ Mn)

        3.4.3. Serviceable Obtainable Market (US$ Mn) 

    3.5. Compression Socks Market Scenario Forecast

        3.5.1. Market in Optimistic Scenario (US$ Mn)

        3.5.2. Market in Likely Scenario (US$ Mn)

        3.5.3. Market in Conservative Scenario (US$ Mn)

    3.6. Macro-Economic Factors

        3.6.1. Global GDP Growth Outlook

        3.6.2. Urbanization Growth

        3.6.3. Wages Growth

        3.6.4. Consumer Confidence Index

        3.6.5. Median Household Income

        3.6.6. Forecast Factors - Relevance & Impact

            3.6.6.1. Top Companies Historical Growth 

            3.6.6.2. Growth in Population Affected by Edema/ Phlebitis and Thrombosis, by Region

            3.6.6.3. Growth in Average Annual Spending on Compression Socks Per Affected Person

            3.6.6.4. Price Trend for Compression Socks Raw Materials

            3.6.6.5. Healthcare Sector GVA, by Region

            3.6.6.6. Other Factors 

    3.7. Value Chain Analysis

        3.7.1. List of Compression Socks Manufacturers, by Category Region

        3.7.2. List of Compression Socks Distributors and Wholesalers, by Region

        3.7.3. List of Raw Material Providers, by Region

        3.7.4. Operating Margin Analysis

    3.8. Market Dynamics

        3.8.1. Drivers

        3.8.2. Restraints

        3.8.3. Opportunity Analysis

        3.8.4. Trends

    3.9. Key Success Factors

        3.9.1. Long Term Supply Contract with Hospitals and Pharmacies

        3.9.2. Investing on brand promotion and communication

        3.9.3. Integration Along the Value Chain

4. Global Compression Socks Market Volume Analysis 2014-2018 and Forecast, 2019-2029

    4.1. Historical Market Volume (Th Units) Analysis, 2014-2018

    4.2. Current and Future Market Volume (US$ Mn) Projections, 2019-2029

    4.3. Y-o-Y Growth Trend Analysis

5. Global Compression Socks Market - Pricing Analysis

    5.1. Regional Pricing Analysis By Product Type

    5.2. Pricing Break-up

        5.2.1. Manufacturer Level Pricing

        5.2.2. Distributor Level Pricing

    5.3. Factors Affecting Pricing

6. Global Compression Socks Market Value Analysis 2014-2018 and Forecast, 2019-2029

    6.1. Historical Market Value (US$ Mn) Analysis, 2014-2018

    6.2. Current and Future Market Value (US$ Mn) Projections, 2019-2029

    6.3. Y-o-Y Growth Trend Analysis

    6.4. Absolute $ Opportunity Analysis

7. Global Compression Socks Market Analysis 2014-2018 and Forecast 2019-2029, by Product Type 

    7.1. Introduction / Key Findings

    7.2. Historical Market Volume (Th Units) and Value (US$ Mn) Analysis By Product Type, 2014 - 2018

    7.3. Current and Future Market Volume (Th Units) and Value (US$ Mn) Analysis and Forecast By Product Type, 2019 - 2029

        7.3.1. Standard Compression Socks

        7.3.2. Graduated Compression Socks 

    7.4. Market Attractiveness Analysis By Product Type 

8. Global Compression Socks Market Analysis 2014-2018 and Forecast 2019-2029, by Application

    8.1. Introduction / Key Findings

    8.2. Historical Market Volume (Th Units) and Value (US$ Mn) Analysis By Application, 2014 - 2018

    8.3. Current and Future Market Volume (Th Units) and Value (US$ Mn) Analysis and Forecast By Application, 2019 - 2029

        8.3.1. Deep Vein Thrombosis

        8.3.2. Chronic Venous Disorder

        8.3.3. Diabetes Wound 

        8.3.4. Others

    8.4. Market Attractiveness Analysis By Application

9. Global Compression Socks Market Analysis 2014-2018 and Forecast 2019-2029, by Distribution Channel

    9.1. Introduction / Key Findings

    9.2. Historical Market Volume (Th Units) and Value (US$ Mn) Analysis By Distribution Channel, 2014 - 2018

    9.3. Current and Future Market Volume (Th Units) and Value (US$ Mn) Analysis and Forecast By Distribution Channel, 2019 - 2029

        9.3.1. Hospital Pharmacies

        9.3.2. Retail Pharmacies and Drug Stores

        9.3.3. Online Sales

        9.3.4. Other

    9.4. Market Attractiveness Analysis By Distribution Channel

10. Global Compression Socks Market Analysis 2014-2018 and Forecast 2019-2029, by Region

    10.1. Introduction

    10.2. Historical Market Volume (Th Units) and Value (US$ Mn) Analysis By Region, 2014 - 2018

    10.3. Current Market Volume (Th Units) and Value (US$ Mn) Analysis and Forecast By Region, 2019 - 2029

        10.3.1. North America

        10.3.2. Latin America

        10.3.3. Europe

        10.3.4. East Asia

        10.3.5. South Asia

        10.3.6. Oceania

        10.3.7. Middle East and Africa (MEA)

    10.4. Market Attractiveness Analysis By Region

11. North America Compression Socks Market Analysis 2014-2018 and Forecast 2019-2029

    11.1. Introduction

    11.2. Historical Market Volume (Th Units) and Value (US$ Mn) Trend Analysis By Market Taxonomy, 2014 - 2018

    11.3. Market Volume (Th Units) and Value (US$ Mn) Forecast By Market Taxonomy, 2019 - 2029

        11.3.1. By Country

            11.3.1.1. U.S.

            11.3.1.2. Canada

        11.3.2. By Product Type

        11.3.3. By Application

        11.3.4. By Distribution Channel

    11.4. Market Attractiveness Analysis

12. Latin America Compression Socks Market Analysis 2014-2018 and Forecast 2019-2029

    12.1. Introduction

    12.2. Historical Market Volume (Th Units) and Value (US$ Mn) Trend Analysis By Market Taxonomy, 2014 - 2018

    12.3. Market Volume (Th Units) and Value (US$ Mn) Forecast By Market Taxonomy, 2019 - 2029

        12.3.1. By Country

            12.3.1.1. Brazil

            12.3.1.2. Mexico

            12.3.1.3. Argentina

            12.3.1.4. Rest of Latin America

        12.3.2. By Product Type

        12.3.3. By Application

        12.3.4. By Distribution Channel

    12.4. Market Attractiveness Analysis

13. Europe Compression Socks Market Analysis 2014-2018 and Forecast 2019-2029

    13.1. Introduction

    13.2. Historical Market Volume (Th Units) and Value (US$ Mn) Trend Analysis By Market Taxonomy, 2014 - 2018

    13.3. Market Volume (Th Units) and Value (US$ Mn) Forecast By Market Taxonomy, 2019 - 2029

        13.3.1. By Country

            13.3.1.1. Germany

            13.3.1.2. Italy

            13.3.1.3. France

            13.3.1.4. U.K.

            13.3.1.5. Spain

            13.3.1.6. Russia

            13.3.1.7. Rest of Europe

        13.3.2. By Product Type

        13.3.3. By Application

        13.3.4. By Distribution Channel

    13.4. Market Attractiveness Analysis

14. South Asia Compression Socks Market Analysis 2014-2018 and Forecast 2019-2029

    14.1. Introduction

    14.2. Historical Market Volume (Th Units) and Value (US$ Mn) Trend Analysis By Market Taxonomy, 2014 - 2018

    14.3. Market Volume (Th Units) and Value (US$ Mn) Forecast By Market Taxonomy, 2019 - 2029

        14.3.1. By Country

            14.3.1.1. India

            14.3.1.2. Thailand

            14.3.1.3. Indonesia

            14.3.1.4. Malaysia

            14.3.1.5. Rest of South Asia

        14.3.2. By Product Type

        14.3.3. By Application

        14.3.4. By Distribution Channel

    14.4. Market Attractiveness Analysis

15. East Asia Compression Socks Market Analysis 2014-2018 and Forecast 2019-2029

    15.1. Introduction

    15.2. Historical Market Volume (Th Units) and Value (US$ Mn) Trend Analysis By Market Taxonomy, 2014 - 2018

    15.3. Market Volume (Th Units) and Value (US$ Mn) Forecast By Market Taxonomy, 2019 - 2029

        15.3.1. By Country

            15.3.1.1. China

            15.3.1.2. Japan

            15.3.1.3. South Korea

            15.3.1.4. By Product Type

            15.3.1.5. By Application

            15.3.1.6. By Distribution Channel

    15.4. Market Attractiveness Analysis

16. Oceania Compression Socks Market Analysis 2014-2018 and Forecast 2019-2029

    16.1. Introduction

    16.2. Historical Market Volume (Th Units) and Value (US$ Mn) Trend Analysis By Market Taxonomy, 2014 - 2018

    16.3. Market Volume (Th Units) and Value (US$ Mn) Forecast By Market Taxonomy, 2019 - 2029

        16.3.1.  By Country

            16.3.1.1. Australia

            16.3.1.2. New Zealand

        16.3.2. By Product Type

        16.3.3. By Application

        16.3.4. By Distribution Channel

    16.4. Market Attractiveness Analysis

17. Middle East and Africa Compression Socks Market Analysis 2014-2018 and Forecast 2019-2029

    17.1. Introduction

    17.2. Historical Market Volume (Th Units) and Value (US$ Mn) Trend Analysis By Market Taxonomy, 2014 - 2018

    17.3. Market Volume (Th Units) and Value (US$ Mn) Forecast By Market Taxonomy, 2019 - 2029

        17.3.1. By Country

            17.3.1.1. GCC Countries

            17.3.1.2. Turkey

            17.3.1.3. South Africa

            17.3.1.4. Rest of Middle East and Africa

        17.3.2. By Product Type

        17.3.3. By Application

        17.3.4. By Distribution Channel

    17.4. Market Attractiveness Analysis

18. Emerging Countries Compression Socks Market Analysis 2014-2018 and Forecast 2019-2029

    18.1. India Compression Socks Market Analysis

        18.1.1. Introduction

        18.1.2. Pricing Analysis

        18.1.3. Market Value Proportion Analysis by Market Taxonomy

        18.1.4. Market Value (US$ Mn) Analysis and Forecast by Market Taxonomy

            18.1.4.1. By Product Type

            18.1.4.2. By Distribution Channel

            18.1.4.3. By Application

    18.2. China Compression Socks Market Analysis

        18.2.1. Introduction

        18.2.2. Pricing Analysis

        18.2.3. Market Value Proportion Analysis by Market Taxonomy

        18.2.4. Market Value (US$ Mn) Analysis and Forecast by Market Taxonomy

            18.2.4.1. By Product Type

            18.2.4.2. By Distribution Channel

            18.2.4.3. By Application

19. Market Structure Analysis

    19.1. Market Analysis by Tier of Companies 

    19.2. Market Share Analysis of Top Players

    19.3. Competition Analysis

    19.4. Competition Dashboard

20. Competition Deep Dive 

    20.1. SIGVARIS 

        20.1.1. Overview

        20.1.2. Product Portfolio

        20.1.3. Recent Developments

        20.1.4. Strategy Overview

        20.1.5. SWOT Analysis

    20.2. Juzo, Inc.

        20.2.1. Overview

        20.2.2. Product Portfolio

        20.2.3. Strategy Overview

        20.2.4. SWOT Analysis

    20.3. 3M Company

        20.3.1. Overview

        20.3.2. Product Portfolio

        20.3.3. Strategy Overview

        20.3.4. SWOT Analysis

    20.4. Essity Aktiebolag

        20.4.1. Overview

        20.4.2. Product Portfolio

        20.4.3. Strategy Overview

        20.4.4. SWOT Analysis

    20.5. Medtronic Plc.

        20.5.1. Overview

        20.5.2. Product Portfolio

        20.5.3. Strategy Overview

        20.5.4. SWOT Analysis

    20.6. medi GmbH & Co KG

        20.6.1. Overview

        20.6.2. Product Portfolio

        20.6.3. Strategy Overview

        20.6.4. SWOT Analysis

    20.7. Therafirm

        20.7.1. Overview

        20.7.2. Product Portfolio

        20.7.3. Strategy Overview

        20.7.4. SWOT Analysis

    20.8. Santemol Group Medikal

        20.8.1. Overview

        20.8.2. Product Portfolio

        20.8.3. Strategy Overview

        20.8.4. SWOT Analysis

    20.9. Sanyleg S.R.L.

        20.9.1. Overview

        20.9.2. Product Portfolio

        20.9.3. Strategy Overview

        20.9.4. SWOT Analysis

    20.10. Calzificio ZETA S.R.L.

        20.10.1. Overview

        20.10.2. Product Portfolio

        20.10.3. Strategy Overview

        20.10.4. SWOT Analysis

21. Assumptions and Acronyms Used

22. Appendix

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Compression Socks Market Forecast, Trend Analysis & Competition Tracking - Global Market Insights 2019 to 2029