Elastic Stockings Market Size, Share, Growth, and Industry Analysis by Type (Gradient Socks and Anti-Embolism Socks) By Application (Ambulatory Patients, Post-Operative Patients, Pregnant Women, and Others), Regional Insights and Forecast To 2032

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ELASTIC STOCKINGS MARKET REPORT OVERVIEW

The global elastic stockings market size was valued at USD 1.63 billion in 2023 and is projected to grow from USD 1.72 billion in 2024 to USD 2.69 billion by 2032, exhibiting a CAGR of 5.7% during the forecast period. Asia-Pacific holds leading position in elastic stockings market share in 2023.

Specialized socks called elastic stockings are worn to promote blood flow, avoid blood clots, and prevent leg ulcers. The pressure of the elastic stockings applied to the legs and ankles promotes healthy vein valve function and unhindered blood flow to the heart. These benefits demonstrate how the elastic stockings market may expand more quickly. Elastic socks have been designed to maintain progressive pressure in order to lessen pain brought on by the resulting swelling in the legs. These stockings exert a counterforce to gravity's downward force on the veins, lightening the load on the heart

Elastic stockings are utilized for post-surgery uses, as well as to speed up recovery and improve athletic performance. When worn after surgery, compression clothing promotes skin contraction and outer skin development. Additionally, using elastic stockings can aid in avoiding issues including tissue injury, swollenness, and infection. It also lessens the development of hematomas and edoema. Additionally, using elastic clothing helps lessen dimpling and edoema. Additionally, people with lymphedema are using more sophisticated compression gloves, sleeves, and stockings.

COVID-19 Impact: Halt on Manufacturing Operations to Slower Market Growth

Millions of people have been infected by the COVID-19 epidemic started to spread over the world with the disease globally, and major nations have enacted work stoppage orders and food restrictions. The majority of industries have been significantly impacted, including those that produce elastic stockings and medical supplies, with the exception of those that provide life-supporting equipment and medical supplies. The aforementioned factors impacted elastic stockings market growth during COVID-19.

LATEST TRENDS

"Rapid Growth of Chronic Illnesses to Boost Market Growth"

The prevalence of chronic illnesses is rapidly increasing worldwide. The Centers for Disease Control and Prevention (CDC) estimate that 6 out of 10 persons have a chronic illness. These figures demonstrate how common chronic illnesses are becoming. Furthermore, difficulties brought on mostly by aging or a change in lifestyle lead some to choose surgery. According to research reported in the National Center for Biotechnology Information, the illness most frequently affects the lower limbs, with prevalence rates between 25 and 40 percent for women and 10 to 20 percent for males. Elastic stockings are advised to be used after surgery to address blood circulation issues. Therefore, the elastic stockings market has several opportunities for growth as a result of these factors.

ELASTIC STOCKINGS MARKET SEGMENTATION

• By Type Analysis

As per the type, the market is classified as follows: Gradient Socks and Anti-Embolism Socks. Anti-Embolism socks are the major segment of the market.

• By Application Analysis

Based on application, the market is segmented as follows: Ambulatory Patients, Post-Operative Patients, Pregnant Women, and Others. Ambulatory patients hold the dominant place in the elastic stockings market size.

DRIVING FACTORS

"Usage of Elastic Stockings for Cancer Patients to Facilitate Market Development"

The obese population demography, which is at a greater risk of developing vascular illnesses, presents a potential for elastic stockings market. Thus, being the most prevalent vascular condition, varicose veins dominate the present market share with a value of 47.6%. The risk of venous thrombosis is also increased by this condition. The Australian Institute of Health and Welfare estimates that 67 percent of Australians over the age of 18 were overweight or obese, up from 28 percent. For the treatment of venous thromboembolism, pneumatic compression equipment is provided to cancer patients. The usage of elastic stockings for cancer patients is not currently a defined market, but it shows growing potential due to their affordability and ease of use. As a result of the high incidence of venous thrombosis and other associated conditions, rising obesity rates are predicted to increase demand for elastic stockings.

"Enhancement of Healthcare System to Promote Industry Progress"

As a result of the advent of cutting-edge medical treatments and rising internet usage, healthcare companies are currently operating in a dynamic environment that is undergoing seismic shifts. This has smart patients becoming more cautious, combined with unmatched online access to astonishing quantities of knowledge. As a result, there is a growing need for intelligent, reasonably priced, and customized healthcare services. To ensure that their inhabitants receive top-notch care, many governments place a strong emphasis on enhancing their healthcare systems. Numerous departments, including the surgical and intensive care unit (ICU) sections, are being updated. All throughout the world, the number of surgeries is rapidly rising. Elastic stockings should be worn during surgery for patients with serious wounds to promote healthy blood flow. These elements, therefore, function as drivers for the Elastic stockings market growth.

RESTRAINING FACTORS

"High Cost, Noise, and Rolling Resistance to Hinder Market Growth"

Elastic stocking side effects include skin breakage, pains, soreness, skin irritation, and discomfort are significant barriers to the market's expansion. Particularly in elderly, undernourished individuals, as well as those with thin, fragile skin, excessive and unevenly distributed pressure from these stockings may rupture the skin. For instance, a 76-year-old patient with venous ulcers who used compression stockings continuously had skin damage, according to research published in National Center for Biotechnology Information (NCBI). Lack of manufacturing process standardization, a lack of structured advertising activities targeted at markets other than those for medical usage, and the influence of material on product attributes are all restraining constraints for elastic stockings’ market share.

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ELASTIC STOCKINGS MARKET REGIONAL INSIGHTS

"Increase in Demand to Propel Market Progress in North America"

According to forecasts, North America will rule the compression stockings market's regional landscape. The U.S. is recognized as having significantly contributed to the expansion of the compression stockings market among the nations of the North American continent. Compression stockings' growing acceptance as a result of the increased incidence of venous thromboembolism cases may be a crucial growth indicator.

KEY MARKET PLAYERS

"Market Players Focus on New Product Launches to Strengthen Market Position"

Leading players in the market are adopting various strategies to expand their presence in the market. These include R&D investments and the launch of new, technologically-advanced products in the market. Some companies are also adopting strategies such as partnerships, mergers, and acquisitions to strengthen their market position.

List Of Top Elastic Stockings Companies

• Medtronic(Covidien) (Ireland)
• Sigvaris (Switzerland)
• Medi (Germany)
• BSN Medical (Germany)
• Juzo (Germany)
• 3M (U.S.)
• Bauerfeind AG (Germany)
• Thuasne Corporate (France)
• Pretty Legs Hosiery (U.K)
• Salzmann-Group (U.S.)
• Paul Hartmann (Germany)
• Cizeta Medicali (France)
• Belsana Medical (Germany)
• Gloria Med (Italy)
• Zhende Medical Group (China)
• Maizi (China)
• TOKO (Switzerland)
• Okamoto Corporation (U.S.)
• Zhejiang Sameri (China)
• MD (U.S.)

REPORT COVERAGE

The report covers overall market aspects, including the market segmentation based on its type and application. The report depicts a diverse group of participants that includes the market and the potential market leaders. Major factors that are expected to drive major growth in the market. The factors anticipated to expand the market share are also included in the report to offer market insights. The estimated growth of the market in the forecast period is also included in the report. The regional analysis is completed to explain the region's dominance in the global market. The factors hindering the growth of the market are discussed in detail. The SWOT analysis of the market is depicted in the report. It contains all-inclusive market details.