The compression socks market is set to grow due to increasing DVT concerns, with a valuation of $900 Mn by 2029 and significant growth in North America and East Asia.
Compression socks having garnered significant demand for therapeutic purposes as the standard preventive measure for Deep Vein Thrombosis (DVT) propelling the market to reach a valuation pegged at US$900 Mn by 2029. Brick and mortar stores are competing intensely with digital shopping avenues and are experiencing greater penetration of compression socks. Hospital pharmacies and retail stores most accessible to consumers to purchase compression socks soon after a doctor’s visit.
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As a result, there will be an upswing in the demand for compression socks from retail stores and pharmacies which will see a steady growth in the foreseeable future. On this backdrop, the growth of the market will witness a moderate CAGR of 6% during the forecast period.
Key Takeaways of the Compression Socks Market
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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 |
Top Competitors in Compression Socks Market are focused on Geographical Expansion to Increase Market Share
Compression socks market can be construed as partially fragmented. Top players in compression socks market account for more than 60% share in the market. Juzo, Inc., Essity Aktiebolag (publ) and Medtronic Plc. are the largest competitors in compression socks industry. These competitors have been seen to be moving to East Asia to gain a foothold.
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New players in compression socks market on the other hand are focused on mature markets to gain short term returns. Sustaining the demand in mature economies like United States has been one of the impeding factors for these new players. In comparison with top tier players, new and emerging players in compression socks are expected to have higher growth potential during short term forecast.
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The article discusses the growth of the compression socks market driven by the increasing burden of Deep Vein Thrombosis.
The market is projected to reach $900 Mn by 2029 with a moderate CAGR of 6%.
North America and East Asia are key regions with significant market growth opportunities.
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