Global Compression stockings market

Global Compression Stockings Market Size, Share, Growth Analysis, By Product Type(Gradient Compression Stockings, Anti-Embolism Compression Stockings), By Application(Deep Vein Thrombosis, Chronic Venous Disorder and Diabetes Wounds) - Industry Forecast 2024-2031

Report ID: SQMIG35B2154 | Region: Global | Published Date: March, 2024
Pages: 219 | Tables: 63 | Figures: 70

Global Compression Stockings Market News

  • Together, Nufabrx and Enventys Partners will launch HealthWear, a proprietary smart-textile platform, into the market in November 2023. Because of this partnership between Nufabrx and Enventys Partners, goods with HealthWear technology may be quickly developed and introduced into retailers across the globe.

     

  • Prevena RESTOR AXIO.FORM, an incision Care System from 3M, was introduced in October 2023. It is intended to treat post-operative wounds and the surrounding soft tissue envelope following orthopedic surgical restoration of lower extremity fractures.

     

  • The FDA's 510(k) clearance for AIROS Medical Inc.'s AIROS 8P sequential therapy device and garment system was granted on April 2023. AIROS Medical Inc. is a compression therapy-focused medical technology manufacturer, designer, and specification developer. Additionally, the clearance enables AIROS to provide larger compression therapy garments, such as lower truncal garments for edema in the abdomen.

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Global Compression Stockings Market size was valued at USD 1.99 billion in 2022 and is poised to grow from USD 2.10 billion in 2023 to USD 3.25 billion by 2031, growing at a CAGR of 5.6% in the forecast period (2024-2031).

The competitive landscape of the compression stockings market is characterized by the presence of several established players and a growing number of emerging companies. Leading companies in the market are focusing on product innovation, strategic partnerships, and expanding their distribution networks to maintain their competitive edge. They are investing in research and development to introduce advanced materials, designs, and technologies that enhance the efficacy and comfort of compression stockings. 'Sigvaris', 'Medtronic', 'BSN Medical', 'Juzo', 'Medi', 'Therafirm', '3M', 'Jobst', 'Santemol Group Medikal', 'Paul Hartmann', 'Cizeta Medicali', 'Salzmann-Group', 'The Walgreen Company', 'Stryker', 'Nouvelle, Inc.'

The rising incidence of venous disorders such as deep vein thrombosis (DVT), varicose veins, and chronic venous insufficiency is a major driver for the compression stockings market. These conditions lead to discomfort, swelling, and potential complications, driving the demand for compression stockings to alleviate symptoms and prevent disease progression.

Technological Advancements: The compression stockings market is witnessing significant advancements in materials and manufacturing technologies. Innovative materials, such as moisture-wicking fabrics and seamless designs, enhance comfort and wearability while maintaining therapeutic effectiveness.

The compression stockings market exhibits regional variations driven by factors such as healthcare infrastructure, prevalence of venous disorders, and awareness about leg health. North America holds a significant share due to a growing aging population and a rise in lifestyle-related venous conditions. The region's advanced healthcare facilities and high awareness levels among the population contribute to market growth. Europe is also a prominent market due to a higher prevalence of venous disorders attributed to genetic predisposition and a sedentary lifestyle. The region's emphasis on preventive healthcare and accessibility to medical products further boosts the adoption of compression stockings.

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