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Compression Socks Market is Expected to Witness Healthy Growth at 6% CAGR through 2031

Compression Socks Market

According to a recent Fact.MR analysis on the worldwide compression socks market, the industry is continuously growing and is anticipated to expand by 1.6x by 2031, reaching a valuation of about US$ 1 billion and reaching US$ 630 million by 2021. Deep vein thrombosis treatment will continue to be a prominent application area, with revenues expected to reach US$ 900 million by 2031.

Compression socks are in high demand for therapeutic purposes as a routine preventive therapy for Deep Vein Thrombosis (DVT), with the market expected to reach a valuation of US$900 million by 2029. Compression socks are becoming more popular at brick-and-mortar establishments, which are vying fiercely with digital purchasing outlets.

Key Segments Covered

  • Product Type

    • Standard Compression Socks
    • Graduated Compression Stockings
  • Application

    • Compression Socks for Deep Vein Thrombosis
    • Compression Socks for Chronic Venous Disorder
    • Compression Socks for Diabetes Wounds
    • Compression Socks for Other Applications
  • Distribution Channel

    • Compression Socks via Hospital Pharmacies
    • Compression Socks via Retail Pharmacies & Drug Stores
    • Compression Socks via Online Sales
    • Compression Socks via Other Distribution Channel

Competitive Environment

The compression sock market is largely consolidated, with the top competitors controlling more than 60% of the market. Despite the fact that there are fewer major competitors in the compression socks market, there has been fierce competition among the top businesses.

To keep a footing in the market, companies are focusing on new product release and product differentiation. The Sigvaris Group is the world leader in compression socks, with a majority share of the market. Medtronic Plc, Juzo, Inc., and Essity Aktiebolag (publ). In the compression sock industry, they are mid-tier competitors. The following are notable industry developments:

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