Compression Socks & Hosiery Market Market Overview
Compression Socks & Hosiery Market was valued at USD 4.8 Billion in 2022 and is projected to reach USD 7.1 Billion by 2030, growing at a CAGR of 6.5% from 2024 to 2030.
Market Size and Opportunity Analysis for Global Compression Socks & Hosiery Market
The global compression socks and hosiery market is experiencing significant growth, with the market valued at approximately USD 3.5 billion in 2023. This market expansion is driven by the increasing awareness of the health benefits associated with compression wear, including improved circulation and reduced swelling. The rise in sports activities and the growing prevalence of chronic venous disorders are also contributing to the market’s robust performance. In addition, the aging population and the expanding middle class in emerging economies are further propelling demand for these products.
Opportunities within the compression socks and hosiery market are substantial, with projections suggesting a compound annual growth rate (CAGR) of around 7% over the next five years. Innovations in fabric technology and the development of new compression designs are expected to enhance market prospects. Moreover, the growing trend of athleisure and the increasing focus on personal wellness are likely to drive market growth. Companies investing in research and development, along with expanding their product portfolios, will be well-positioned to capitalize on the rising consumer demand and achieve substantial market gains.
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Who are the largest Global manufacturers in the Compression Socks & Hosiery Market?
By Product Type
- Medical Compression Socks
- Athletic Compression Socks
- Fashion Compression Hosiery
- Therapeutic Compression Stockings
- Support Socks
By Length of Socks
- Below the Knee
- Above the Knee
- Thigh High
- Full Leg
By Compression Level
- Low Compression (8-15 mmHg)
- Medium Compression (15-20 mmHg)
- High Compression (20-30 mmHg)
- Very High Compression (30-40 mmHg and above)
By Material
- Nylon
- Spandex
- Polyester
- Cotton
- Latex-Free Fabrics
By Distribution Channel
- Online Retailers
- Drug Stores
- Specialty Stores
- Supermarkets/Hypermarkets
- Direct Sales
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Segmentation of Compression Socks & Hosiery Market-
Which regions are leading the Global Compression Socks & Hosiery Market?
- Global (United States, Global and Mexico)
- Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
- Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
- South America (Brazil, Argentina, Columbia, etc.)
- Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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Detailed TOC of Global Compression Socks & Hosiery Market Research Report, 2024-2031
1. Introduction of the Global Compression Socks & Hosiery Market
- Overview of the Market
- Scope of Report
- Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Research
- Data Mining
- Validation
- Primary Interviews
- List of Data Sources
4. Global Compression Socks & Hosiery Market Outlook
- Overview
- Market Dynamics
- Drivers
- Restraints
- Opportunities
- Porters Five Force Model
- Value Chain Analysis
5. Global Compression Socks & Hosiery Market, By Type
6. Global Compression Socks & Hosiery Market, By Application
7. Global Compression Socks & Hosiery Market, By Geography
- Global
- Europe
- Asia Pacific
- Rest of the World
8. Global Compression Socks & Hosiery Market Competitive Landscape
- Overview
- Company Market Ranking
- Key Development Strategies
9. Company Profiles
10. Appendix
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