Compression Socks are forecasted to rise at a CAGR of 4.7% through 2033

According to Fact.MR, a provider of market research and competitive intelligence, the Compression Socks Market is projected to reach US$690.72 million in 2023 and is expected to expand to US$1.09 billion by the end of 2033, growing at a CAGR of 4.7%.

The popularity of compression socks is anticipated to rise as people increasingly recognize their benefits over other footwear types for treating venous reflux, reducing leg and foot volume, and managing hypertension. These socks are commonly used in orthopedic surgery to minimize swelling, alleviate discomfort, and expedite functional recovery.

For more insights into the Market, Request a Sample of this Report:

Key Companies Profiled:

  • Juzo Inc.
  • SIGVARIS Group
  • Medtronic Plc.
  • Essity Aktiebolag
  • 3M Company
  • Sanyleg S.R.L.
  • Santemol Group Medikal
  • Calzificio ZETA S.R.L.
  • Medi GmbH & Co. KG
  • Thuasne SAS
Key Driving Forces Accelerating Market Growth:
  • Increasing awareness among individuals regarding the benefits of compression socks, such as improved blood circulation and reduced leg fatigue, driving demand, particularly in regions like North America.
  • The aging population in North America is driving demand as the elderly are more prone to conditions like varicose veins and deep vein thrombosis (DVT), for which compression socks are recommended.
  • Rising prevalence of chronic diseases like diabetes and obesity globally, which often lead to circulatory problems, is fueling demand for compression socks to manage symptoms.
  • Athletes and fitness enthusiasts are using compression socks to enhance performance, reduce muscle fatigue, and improve post-workout recovery.
  • Professionals with jobs that involve prolonged periods of standing or sitting, such as healthcare workers and office employees, are using compression socks to alleviate leg fatigue and prevent swelling.

Vital Indicators Shaping the Future of the Industry:

  • Advancements in textile technology and manufacturing processes, including the development of advanced compression fabrics with enhanced properties, are expected to drive market growth.
  • Continued research and development in compression therapy will provide insights that can drive market growth.
  • The state of healthcare infrastructure, particularly in regions like North America, will impact the market as access to healthcare facilities ensures proper diagnosis and prescription of compression socks.

Get Customization on this Report for Specific Research Solutions:

Challenges Hindering Market Growth:

  • Limited awareness about the benefits of compression socks among a significant portion of the population.
  • Relatively higher costs of compression socks compared to regular socks may deter price-sensitive consumers.

How competition influences the market

  • Competition encourages companies to innovate and differentiate their compression socks. Manufacturers invest in research and development to create new materials, designs, and features that provide unique benefits to customers. The need to stay ahead of competitors can drive advancements in compression technology, leading to improved product performance and increased customer satisfaction.
  • For instance, Thusane SAS is a leading manufacturer that acquired Knit-Rite Inc. along with its Therafirm division, which is working to offer compression products that include compression socks.

Segmentation of Compression Socks Industry Research:

  • By Product Type: Standard, Graduated
  • By Application: Deep Vein Thrombosis, Chronic Venous Disorder, Diabetes Wounds
  • By Distribution Channel: Hospital Pharmacies, Retail Pharmacies & Drug Stores, Online Sales
  • By Region: North America, Europe, Asia Pacific, Latin America, Middle East & Africa

US Sales Office:
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251–1583
Email: [email protected]