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Compression Stockings Market to Reach $2.44 Bn, Globally, by 2026 at 5.6% CAGR: Allied Market Research

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Allied Market Research

11 Mar, 2020, 13:30 GMT

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- Change in lifestyle, development in fabrics and garments designs, rise in number of Chronic venous leg ulceration (VLU) patients, increase in demand from geriatric population drive the growth of the global compression stockings market.

PORTLAND, Oregon, March 11, 2020 /PRNewswire/ --  Allied Market Research published a report, titled, "Compression Stockings Market by Type (Knee High and Thigh high), Demography (Men and Women) and Distribution Channel (Departmental Stores and E-commerce): Global Opportunity Analysis and Industry Forecast, 2019-2026." According to the report, the global compression stockings industry was estimated at $1.6 billion in 2018 and is expected to hit $2.44 billion by 2026, registering a CAGR of 5.6% from 2019 to 2026.

Drivers, restraints & opportunities-

Change in lifestyle, innovation in fabrics and garments designs, increase in number of chronic venous leg ulceration (VLU) patients, surge in demand from geriatric population fuel the growth of the global compression stockings market. On the other hand, rise in awareness of probable side effects of compression garments restrains the growth to some extent. However, continuous product innovation, and advent of social media marketing are expected to pave the way for a number of opportunities for the frontrunners in the industry.

Request Sample Report at: https://www.alliedmarketresearch.com/request-sample/6318

The thigh-high segment to retain its dominance during the estimated period-

Based on product type, the thigh-high segment accounted for more than half of the global compression stockings market share in 2018, and is expected to maintain the lion's share by the end of 2026. Some of the key features such as flexibility coupled with multiple benefits provided by thigh compression stockings boost the growth of the segment. The knee-high segment, on the other hand, is projected to register the fastest CAGR of 6.20% during the study period. Availability of the product in various designs and attractive colors is expected to fuel the segment growth.

The women segment to lead the trail during the study period-

Based on demography, the women segment held the largest share in 2018, generating more than half of the global compression stockings market. This is because majority of the compression stocking products are being designed targeting the female customers. Simultaneously, the men segment would grow at the fastest CAGR of 6.20% till 2026. Certain innovative products facilitated by manufacturers targeting the male population drive the segment growth.

North America to rule the roost by 2026-

Based on geography, North America contributed to two-fifths of the global compression stockings market revenue in 2018, and is anticipated to rule the roost during 2019–2026. Rise in popularity of compression wears in different sports coupled with continuous innovation being carried by regional manufacturers helps drive the demand for compression stockings in this province. At the same time, Asia-Pacific would cite the fastest CAGR of 6.90% throughout the forecast period. Governmental support and promotion of sports events, increase in media exposure, and rapid development of the economy in countries like Japan, China and India are the major factors that drive the growth of the market in this region.

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Key players in the market-

  • Triumph International Corporation
  • 2xu Pty Ltd.
  • Creswell Sock Mills
  • Ann Chery
  • Colfax Corporation (DJO Global)
  • Spanx Inc.
  • I-Runner
  • European Lingerie Group
  • Leonisa
  • Zhende Medical Group

Avenue Basic Plan | Library Access | 1 Year Subscription |

Sign up for Avenue subscription to access more than 12,000+ company profiles and 2,000+ niche industry market research reports at $699 per month, per seat. For a year, the client needs to purchase minimum 2 seat plan.

Avenue Library Subscription | Request for 14 days free trial of before buying: https://www.alliedmarketresearch.com/avenue/trial/starter

Get more information: https://www.alliedmarketresearch.com/library-access

Similar Reports:

Floss Picks Market: Global Opportunity Analysis and Industry Forecast, 2019–2026

Sheet Face Mask Market: Global Opportunity Analysis and Industry Forecast, 2019–2026

Hair Color Spray Market: Global Opportunity Analysis and Industry Forecast, 2019–2026

Hosiery Market: Global Opportunity Analysis and Industry Forecast, 2020–2027

About Us

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Contact:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
USA/Canada (Toll Free): +1-800-792-5285, +1-503-894-6022, +1-503-446-1141
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
help@alliedmarketresearch.com
Web:
https://www.alliedmarketresearch.com 

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