Registering a CAGR of 6% over the forecast period, the market value of the Medical Socks Market is expected to reach US$ 2600 million in the year 2027.
Medical socks are medical equipment made of material with very high elasticity. They are designed in such a way that they gently squeeze the legs which promote good blood flow in the veins. Medical socks are used to control or prevent edema which means swelling of the legs. These items of clothing include pantyhose and stocking sleeves depending upon the location and type of swelling. It helps in improving the circulation of different parts of the body by avoiding the saturation of fluid in the legs or arms.
Medical socks market growth is attributed to rising demand among geriatrics, people living with osteoporosis, athletes, and people living with other medical conditions that require increased blood flow. During the forecast period, the market is expected to grow due to advances in medical device technology.
One of the major factors influencing the market globally is the significant increase in the number of working professionals, combined with the increasing adoption of the formal business environment. Furthermore, the growing number of people choosing sports as a career path is fueling the demand for compression socks. Medical socks are typically worn during sports activities to improve athletes' endurance and performance by increasing oxygen delivery and blood flow and reducing jarring, vibration, and stress to the muscles. Aside from that, the rising prevalence of diabetes, combined with increased awareness about the impact of diabetes on patients' feet, is fueling market growth. Furthermore, diabetic socks are gaining popularity over regular socks around the world because they improve blood circulation, keep the feet warm and dry, and reduce the risk of foot injuries. Furthermore, the major market players provide customised socks through online channels. They are also releasing cutting-edge products that track infants' temperature, movement, and location, which is expected to drive the market.
The global Medical Socks Market includes the identification and analysis of the various market participants competing in the global market. Prominent competitors include Sigvaris, Medi, BSN Medical, Medtronic (Covidien), Juzo, 3M, Company seven, Bauerfeind AG, Thuasne Corporate, Salzmann-Group, Paul Hartmann, Cizeta Medicali, Belsana Medical, Gloria Med, Zhende Medical Group, Maizi, TOKO, Okamoto Corporation, Zhejiang Sameri, MD and others.
Industry News and Updates:
Sigvaris has launched the new Micro knobbed grip top for sensitive skin
25 January 2022- Compression stocking wearers with sensitive skin can now benefit from a dual benefit thanks to the new micro knobbed grip top on the Essential THERMOREGULATING thigh stocking. Essential THERMOREGULATING is the preferred companion for people with sensitive skin due to the cotton content and the resulting thermoregulating effect. Furthermore, because of its barely noticeable, fine micro knobs, the micro knobbed grip top is gentle on sensitive skin.
The market is segmented based on the type, applications, companies, and regions.
By Type, it is segmented into
By Application, it is segmented into
The North American region dominates the global Medical Socks industry. The region's demand is increasing due to rising health consciousness among consumers, as well as the growing popularity of compression wear in the sports industry. North America is followed by Europe, where demand for compression socks is increasing as people become more aware of its significance and the government invests more in the development of innovative healthcare products.
The Medical Socks Market describes the factors driving the global growth opportunities in upcoming years and highlights market channels. In addition, the report analyzes market size and share, trends, by geographic region, end-use type, and segment. It focuses extensively on revealing a detailed regional analysis. The Global Medical Socks Market report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry.
Scope of the Report covers the Medical Socks Market with a detailed analysis of the overall scenario for the market. It also highlights the business participants’ environment in the global marketplace. This report also provides an overview of leading companies covering the latest successful marketing strategies, market contributions, current and historical background, and latest market happenings to help key organizations to grow and generate larger profits. Business players will greatly benefit from this Medical Socks Market analysis report as it has vital details to provide about regional markets and expected opportunities for the prediction time period 2022-2027. Growth between segments is used to understand the different growth factors that are expected to dominate the market as a whole and to develop strategies to differentiate between key applications and target markets. It further reveals how the worldwide market is working through efficient information graphics.
Report Attributes | Report Details |
Report Title | Medical Socks Market Growth, Trends And Forecast (2022 - 2027) By Types, By Application, By Regions and By Key Players: Sigvaris, Medi, BSN Medical, Medtronic (Covidien) |
Forecast Period 2022 to 2027 CAGR | CAGR of 6% over the forecast period (2022-2027) |
By Type |
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By Application |
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By Companies | Sigvaris, Medi, BSN Medical, Medtronic (Covidien), Juzo, 3M, Company seven, Bauerfeind AG, Thuasne Corporate, Salzmann-Group, Paul Hartmann, Cizeta Medicali, Belsana Medical, Gloria Med, Zhende Medical Group, Maizi, TOKO, Okamoto Corporation, Zhejiang Sameri, MD |
Regions Covered |
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Countries Covered |
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Base Year | 2022 |
Historical Year | 2017 to 2021 |
Forecast Year | 2022 to 2027 |
Number of Pages | 124 |
Customization Available | Yes, the report can be customized as per your needs |
Frequently Asked Questions
What is the study period of this market?
The Medical Socks Market is studied from 2017 - 2027.
What is the growth rate of the Medical Socks Market?
The Medical Socks Market is growing at a CAGR of 6% over the next 5 years.
Who are the key players in Medical Socks Market?
Sigvaris, Medi, BSN Medical, Medtronic (Covidien), Juzo, 3M, Company seven, Bauerfeind AG, Thuasne Corporate, Salzmann-Group, Paul Hartmann, Cizeta Medicali, Belsana Medical, Gloria Med, Zhende Medical Group, Maizi, TOKO, Okamoto Corporation, Zhejiang Sameri, MD
What regions does this Medical Socks Market report cover?
North America (the United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, and Italy)
Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
South America (Brazil, Argentina, Colombia, etc.)
The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)
What are the significant types of Medical Socks Market?
Gradient Socks, Anti-Embolism Socks
What are the major end-use applications of Medical Socks Market?
Ambulatory Patients, Post-operative Patients, Pregnant Women, Others
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SECONDARY RESEARCH
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PRIMARY RESEARCH
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
MARKET ENGINEERING
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REPORT WRITING/ PRESENTATION
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