The Compression Socks Market Share is expected to reach US$ 600 Mn between 2021-2031 at a CAGR of 4.9%. Speedy development on the part of ICT does bring in new-fangled advantages like more autonomy to patients along with the promotion of interagency collaboration. As such, the ones with comorbidities and multidimensional problems would find themselves safe. This increased dependency is bound to drive the healthcare vertical going forward.
Rise in prevalence of venous disorders such as deep vein thrombosis and chronic venous insufficiency, coupled with diabetic foot ulcers, has led to a surge in the demand for compression socks. Rising awareness about the efficacy of compression socks and introduction of new functionalities according to consumer demand are aid market growth.
Increasing demand for compression socks in active sports and travel is also expected to create a positive opportunity of growth in different markets over the forecast period. Increase in investments in emerging economies for manufacturing compression garments and new product launches, along with acquisitions and collaborations by key players, is expected to aid in market expansion as well.
The global compression socks market was valued at US$ 600 Mn in 2020, and is expected to exhibit a CAGR of around 5% over the forecast period (2021 – 2031).
Get Sample Copy of this Report @ https://www.persistencemarketresearch.com/samples/13648
Company Profiles:
- Sigvaris Group
- Juzo Inc.
- Medtronic Plc.
- 3M Healthcare (3M Co.)
- Calzificio ZETA S.R.L.
- Essity
- SanylegSrl
- Therafirm
- medi GmbH & Co KG
Request for methodology @ https://www.persistencemarketresearch.com/methodology/13648
Key Takeaways from Market Study
- Graduated compression socks hold around 60% value share, globally, due to their efficacy and use in the treatment of chronic venous disease and edema.
- Increased global prevalence of varicose veins and use of compression socks for their treatment is an augmenting factor toward demand.
- In terms of distribution channel, hospitals and online sales contribute to a large share in market due to their high-quality service.
- The region of North America is dominant in the global market for compression socks, and will continue to remain the most lucrative market over the forecast period.
“Compression garments are witnessing growth in emerging economies due to online advertisements and new product functionalities. Niche areas such as sports activities and oncology pose a promising opportunity for manufacturers,” says an analyst of Persistence Market Research.
Access Full Report @ https://www.persistencemarketresearch.com/checkout/13648
New Product Launches – Strategy by Key Players
Key manufacturers of compression socks use the strategy of introducing new and innovative products according to patients’ needs. This factor induces an intense competition among market players.
For instance, to increase the value of comfort, Medi GmbH & Co KG launched a class of compression socks with extra padding named ‘Duomed Relax’ in April 2019.
What Does the Report Cover?
Persistence Market Research offers a unique perspective and actionable insights on the compression socks market in its latest study, presenting historical demand assessment of 2016 – 2020 and projections for 2021 – 2031. The research study is based on product (standard compression socks and graduating compression socks), application (varicose veins, wound care, burns, oncology, and others), and distribution channel (hospitals, ambulatory surgical centers, clinics, online sales, and other healthcare facilities), across seven key regions of the world.
Access Related Reports:
Ophthalmic Devices Market:
The global ophthalmic devices market was valued at USD 29,171.5 million in 2014 and is expected to grow at a CAGR of 6.5% from 2014 to 2020, to reach an estimated value of USD 42,685.1 million in 2020.
Cranio Maxillofacial Fixation Devices Market:
Persistence Market Research has published the new report, “Cranio Maxillofacial Fixation Devices Market: Global Industry Analysis (2012-2016) and Forecast (2017-2025),” which studies the overall performance of the highly competitive global cranio maxillofacial fixation devices market for the assessment period of ten years
Robotic Surgery System Market:
Insights on this market are presented in a new research report by Persistence Market Research, which forecasts the robotic surgery system market to reach a valuation of US$ 6,400 Mn by the end of 2026. The market is anticipated to grow at a robust CAGR of 11.8% during the forecast period.
Plasma Surgery Market:
A new research study of Persistence Market Research (PMR) suggests that the global market for plasma surgery will surpass the revenues worth US$ 56 Mn by 2019 end, and there would be healthy adoption of plasma surgery throughout the next decade.
About Us:
Persistence Market Research is here to provide companies a one-stop solution with regards to bettering customer experience. It does engage in gathering appropriate feedback after getting through personalized customer interactions for adding value to customers’ experience by acting as the “missing” link between “customer relationships” and “business outcomes’. The best possible returns are assured therein.
Contact Us:
Persistence Market Research
Address – 305 Broadway, 7th Floor, New York City, NY 10007 United States
U.S. Ph. – +1-646-568-7751
USA-Canada Toll-free – +1 800-961-0353
Sales – sales@persistencemarketresearch.com
Website – https://www.persistencemarketresearch.com
