The Global Compression Stockings Market Growth Accelerated by Increased Demand for Treatment of Varicose Veins

 Compression stockings are a type of socks specially designed to be worn in order to provide counter pressure on the leg veins and ankles. These stockings aid in reducing swelling, muscle cramps, pain and varicose veins by preventing blood from pooling in the legs. The increasing cases of varicose veins and other leg problems have augmented the demand for compression stockings globally.

The global compression stockings market is estimated to be valued at US$ 14,869.5 Mn in 2023 and is expected to exhibit a CAGR of 9.3% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market key trends:
One of the key trends driving the growth of the compression stockings market is the increased demand for treatment of varicose veins. According to an estimate, varicose veins affect around 30% to 40% of adults worldwide which could lead to severe conditions like deep vein thrombosis. Wearing compression stockings compress the veins and improve blood flow in legs as it travels back to the heart. Medical compression stockings are widely used as a first line treatment for varicose veins as they are minimally invasive and effective. Increasing awareness regarding benefits of compression stockings in managing varicose veins and prevention of other health issues has fuelled its adoption globally.
Segment Analysis
The global compression stockings market is segmented into class, application, design, and distribution channel. The class segment includes compression class I, class II, and class III. Among these, compression class II segment dominates the market owing to its wide application in conditions such as varicose veins, deep vein thrombosis (DVT), and post-thrombotic syndrome (PTS). These stockings provide firm graduated compression to help reduce swelling and relieve tired leg discomfort.

Key Takeaways
The global compression stockings market is expected to witness high growth over the forecast period of 2023 to 2030. Regional analysis shows that North America dominates the market currently due to increasing prevalence of varicose veins amongst the population in the region. Further, Asia Pacific is expected to witness fastest growth during the forecast period owing to large patient population, increasing healthcare expenditure, and growing geriatric population in countries such as China and India.

Key players operating in the compression stockings market are Bio Compression System, BSN Medical, Devon Medical Products, Flow Aid medical technologies, Design Veronique, and Julius Zorn GmbH. BSN Medical leads the market with wide product portfolio of elastic compression stockings available across classes. Its Actitite product range offers therapeutic compression for treatment of chronic venous insufficiency and related conditions. The stockings increase blood circulation and decrease swelling.

Bio Compression System offers compression stockings through their bioskin product line. The stockings are made of natural yarn that provides 360° graduated compression to help reduce pain and swelling related to varicose veins, post-surgical procedures, and sports injuries. Devon Medical Products has its core range of Visilastix compression stockings available in knee high, thigh high, and pantyhose styles. These stockings provide controlled and graded compression from the foot to the calf/thigh for relief from pain and swelling.

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