Published by Persistence MarketResearch
Posted on September 27, 2021
5 min readLast updated: February 2, 2026
The Compression Socks Market is set to reach $600 Mn by 2031, driven by rising venous disorder cases and new product innovations.
The Compression Socks Market is destined to reach US$ 600 Mn at a CAGR of 4.9% between 2021-2031. The healthcare vertical is moving the gadget-way. The current scenario is such that one need not make appointments for weeks/months for being treated. The real-time diagnosis and course of treatment could be possible. This simultaneous monitoring and treatment are bound to take the healthcare industry by storm in the next 10 years.
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).
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Key Takeaways from Market Study
“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.
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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.
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The post The Next 10 Years To Witness Compression Socks Market Scaling Up The Growth Ladder (US$ 600 Mn) appeared first on Lake Shore Gazette.
The article discusses the growth of the Compression Socks Market, projected to reach $600 Mn by 2031.
Rising prevalence of venous disorders and new product functionalities are key drivers.
North America is the dominant region in the compression socks market.
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