Global Compression Socks Market Report and Forecast 2024-2032

Compression Socks Market Size

The global compression socks market is expected to grow at a CAGR of 5% during the forecast period of 2024-2032, driven by the increasing prevalence of venous disorders, growing awareness about the benefits of compression therapy, and the rising innovations in product design and materials across the globe.

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Compression Socks Market Outlook

• The increasing popularity of compression therapy and the rising burden of venous disorders are some of the major factors driving the demand for compression socks.

• The growth of e-commerce platforms is a significant market trend that is set to boost the market growth in the coming years.

• The rising awareness regarding the benefits of compression socks is poised to elevate market value in the forecast period.

Compression Socks Market Overview

Compression socks are specialized hosiery that can help prevent the occurrence as well as the progression of venous disorders including edema, phlebitis, and thrombosis. They are made using stronger elastics and are designed to create significant pressure on the ankles, legs, and feet. These compression garments are worn around the leg, thus, compressing the limb and reducing the diameter of distended veins. This enhances venous blood flow velocity and valve effectiveness.

The growth in research and development activities and new product launches are expected to significantly boost the market size in coming years. Moreover, the rising preference for compression therapy is expected to elevate the market value for compression socks. Manufacturers are increasingly focusing on addressing consumer needs and developing new functionalities such as padding on the footbed and moisture control for their products. This is expected to increase the demand for compression socks among people suffering from venous disorders in the forecast period.

Compression Socks Market Growth Drivers

Increasing Prevalence of Venous Disorders to Augment the Demand for Compression Socks

The rising incidence of venous disorders globally is one of the major factors driving the growth of the market. The increasing geriatric population is expected to result in an increased prevalence of varicose veins, chronic venous insufficiency, and other conditions, as the risk of these disorders increases greatly with age. People suffering from venous diseases undergo compression therapy to increase the blood flow in the lower and upper limbs, for which they need to wear compression garments like compression socks.

Compression therapy provides relief from venous pressure, prevents venous stasis, and relieves heavy and aching legs. Hence, the growing popularity of compression therapy and the rising burden of venous disorders is expected to drive the market demand over the forecast period. This will further be supported by the rising disposable incomes and the growing retail sector.

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Compression Socks Market Trends

The market is witnessing several trends and developments to improve the current global scenario. Some of the notable trends are as follows:

Growth of E-commerce and Online Sales to Boost Market Size

The growth of e-commerce platforms is a significant market trend that allows consumers to purchase compression socks from the comfort of their homes. Online sales channels offer a diverse range of products to choose from as well as competitive pricing. Thus, the rise in online sales platforms is expected to boost the market size in the coming years.

Rising Innovation in Product Design and Material to Augment Compression Socks Market Demand

One of the major market trends is the rising innovations in product design and materials which is poised to augment the market demand. Manufacturers are launching products with better functionalities such as compression socks with improved durability, aesthetic appeal, and moisture-wicking properties, which is attracting a wider consumer base.

Increased Strategic Partnerships to Affect the Market Landscape

The key market players are actively collaborating with healthcare providers to develop compression socks products with high efficacy. Further, companies are increasingly leveraging strategic partnerships with sports organizations and rehabilitation centers to promote their products and expand market reach.

Growing Awareness Regarding the Benefits of Compression Socks to Elevate Compression Socks Market Value

Unlike conventional or athletic socks, compression socks are designed using stronger elastics to impart significant pressure on the legs. These socks help compress the surface veins, arteries, and muscles and force the blood to circulate through narrower channels, which increases the arterial pressure and causes more blood to return to the heart and less blood to pool in the feet. Further, they not only help increase blood circulation but also prevent the formation of blood clots in the lower legs and aid in the treatment of ulcers of the lower legs. These benefits of compression socks for various health conditions are increasingly being recognized by consumers, prompting them to purchase these products from various distribution channels. 

Compression Socks Market Segmentation

Market Breakup by Product Type

• Standard Compression Socks

• Graduated Compression Socks
• Others

Market Breakup by Compression Class

• CCL 0

• CCL 1

• CCL 2

• Others

Market Breakup by Application

• Varicose Veins

• Wound Care

• Burns

• Others

Market Breakup by End-user

• Men

• Women

Market Breakup by Distribution Channel

• Hospitals Pharmacies

• Retail Pharmacy Chain

• Online Sales

• Others

Market Breakup by Region

• North America

• Europe

• Asia Pacific

• Latin America

• Middle East and Africa

Compression Socks Market Share 

Market Segmentation Based on Product Type is Anticipated to Witness Substantial Growth

Based on the product type, the market is segmented into standard compression socks and graduated compression socks, among others. Standard compression socks exert uniform compression and are used by people experiencing mild swelling or the ones needing general leg support. Graduated compression socks, on the other hand, exert different levels of compression throughout their length. Their design helps promote blood flow toward the heart and is commonly used by people with varicose veins, deep vein thrombosis (DVT), and lymphedema.

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Compression Socks Market Analysis by Region

Based on region, the report offers an insight into North America, Europe, Asia Pacific, Latin America and the Middle East and Africa. North America dominates the market share for compression socks. The demand is growing in the region due to the growing health consciousness among consumers coupled with the rise in popularity of compression wear in the sports industry. North America is followed by Europe, where the demand for compression socks is witnessing a surge as people are becoming aware of its clinical benefits. Additionally, with the government increasingly investing in the development of innovative healthcare products, the market in the region is expected to experience further growth.

Leading Players in the Compression Socks Market

The key features of the market report comprise patent analysis, grant analysis, funding and investment analysis, and strategic initiatives by the leading key players including mergers, collaborations and new product launches. The major companies in the market are as follows:

Calze G.T. S.r.l.

Italian company Calze G.T. is a prominent player in the market, known for manufacturing medical stockings and performing compression seamless garments including compression sport socks, graduated compression stockings, and others.

Da Yu Enterprise Co., Ltd.

Da Yu Enterprise Co., Ltd. is a leading compression socks manufacturer headquartered in Taiwan. The company is known for its emphasis on quality and advanced manufacturing techniques.

Dynamic Techno Medicals (DTM)

Dynamic Techno Medicals (DTM) is an Indian company specializing in the manufacturing and marketing of medical devices including compression socks. The company boasts a diverse portfolio and often collaborates with healthcare professionals to develop clinically effective products.

Footland Inc.

Footland Inc. is a leading compression socks manufacturer in Changhua, Taiwan. The company has an extensive product range and is actively engaged in expanding its global footprint.

Other key players in the market include medi GmbH & Co. KG, Ofa Bamberg GmbH, Rayon Industrial Co., Ltd., SHANG CHIAO CO., LTD, SUNPOLAR International Co. Ltd., and TXG – Sun Mount Tech Co., Ltd., among others.

Key Highlights of the Report

Key Questions Answered in the Compression Socks Market Report

• What was the global compression socks market value in 2023?
• What is the global compression socks market forecast outlook for 2024-2032?
• What are the regional markets covered in the EMR report?
• What is market segmentation based on product type?
• What is the market breakup based on compression class?
• What is the market breakup by application?
• Who are the major end users in the market?
• What is the market breakup by distribution channels?
• What are the major factors aiding the global compression socks market demand? 
• How has the market performed so far and how is it anticipated to perform in the coming years?
• What are the market's major drivers, opportunities, and restraints? 
• Which regional market is expected to lead the market share in the forecast period? 
• Which country is expected to experience expedited growth during the forecast period? 
• How do the prevalence and incidence of venous disorders affect the market landscape?
• What are the major global compression socks market trends?
• How does the rise in the geriatric population impact the market size?
• Which product type will dominate the market share? 
• Which compression class is expected to have a high market value in the coming years?
• Which application will experience the highest demand in the market segment?
• Which end user is projected to contribute to the highest market growth?
• Which distribution channel is poised to dominate the market segment?
• Who are the key players involved in the compression socks market?
• What are the current unmet needs and challenges in the market?
• How are partnerships, collaborations, mergers and acquisitions among the key market players shaping the market dynamics?