Compression Socks Market Demonstrates a Spectacular Growth by 2029

Business

Fact.MR has adopted multi-disciplinary approach to shed light on the evolution of the global compression socks market during the historical period of 2014 – 2018. The study presents a deep-dive assessment of the current growth dynamics, major avenues in the estimation year of 2019, and key prospects over the forecast period 2019 – 2029.

Compression socks having garnered significant demand for therapeutic purposes as the standard preventive measure for Deep Vein Thrombosis (DVT) propelling the market to reach a valuation pegged at US$900 Mn by 2029. Brick and mortar stores are competing intensely with digital shopping avenues and are experiencing greater penetration of compression socks. Hospital pharmacies and retail stores most accessible to consumers to purchase compression socks soon after a doctor’s visit. As a result, there will be an upswing in the demand for compression socks from retail stores and pharmacies which will see a steady growth in the foreseeable future. On this backdrop, the growth of the market will witness a moderate CAGR of 6% during the forecast period.

Compression socks market can be construed as partially fragmented. Top players in compression socks market account for more than 60% share in the market. Juzo, Inc., Essity Aktiebolag (publ) and Medtronic Plc. are the largest competitors in compression socks industry. These competitors have been seen to be moving to East Asia to gain a foothold. New players in compression socks market on the other hand are focused on mature markets to gain short term returns. Sustaining the demand in mature economies like United States has been one of the impeding factors for these new players. In comparison with top tier players, new and emerging players in compression socks are expected to have higher growth potential during short term forecast.

After reading the compression socks market report, readers get insight into:

  • Major drivers and restraining factors, opportunities and challenges, and the competitive landscape
  • New, promising avenues in key regions
  • New revenue streams for all players in emerging markets
  • Focus and changing role of various regulatory agencies in bolstering new opportunities in various regions
  • Demand and uptake patterns in key industries of the compression socks market
  • New research and development projects in new technologies in key regional markets
  • Changing revenue share and size of key product segments during the forecast period
  • Technologies and business models with disruptive potential

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The compression socks market report offers assessment of prevailing opportunities in various regions and evaluates their shares of revenue by the end of different years of the assessment period. Key regions covered comprise:

  • North America (U.S., Canada)
  • Latin America (Brazil, Mexico)
  • Europe (U.K., Germany)
  • APEJ (China, India)

The evaluation of the competitive landscape in the compression socks market covers the profile of the following top players:

  • Calzificio ZETA S.R.L.
  • Sanyleg S.R.L.
  • Santemol Group Medikal
  • Therafirm
  • medi GmbH & Co KG
  • Essity Aktiebolag
  • 3M Company
  • Juzo, Inc.
  • SIGVARIS

To expand the understanding of opportunities in the global compression socks market report looks at close quarters into the opportunities and new avenues in following key segments:

  • Hospital Pharmacies
  • Retail Pharmacies and Drug Stores
  • Online Sales

In addition to understanding the demand patterns of various end users, the report on the compression socks market also enumerates trends expected to attract investments by other various associated industries.

On the basis of application, the compression socks market report offers insight into major adoption trends for the following segments:

  • Deep Vein Thrombosis
  • Chronic Venous Disorder
  • Diabetes Wound

Request Methodology of this Report – https://www.factmr.com/connectus/sample?flag=RM&rep_id=3519

The global compression socks market report offers detailed assessments and quantitative evaluations that shed light on numerous key aspects that have shaped its evolution over the historical period. In coming years, some of the key aspects that will shape the growth prospects during the forecast period are objectively covered in the study.

Some important questions that the compression socks market report tries to answer exhaustively are:

  • Key strategic moves by various players in the compression socks market in recent years with respect to product launches, deals and tie-ups, and mergers and acquisitions, and divestment of shares.
  • Which strategies will enable top players in the compression socks market to expand their geographic footprints?
  • Which new business models are expected to change the course of growth of key regional markets in near future?
  • Which technologies will witness most attractive research investments and what will be the key sources of funding for startups and new entrants?
  • Which products segments have in recent years have seen new, lucrative application areas?
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