Medi GmbH & Co. KG, 3M Company, Calzificio Zeta, BSN medical GmbH, Sigvaris AG, and Santemol Group Medikal, among others, are significant players in the global compression socks market.
The global compression socks market is expected to grow at a CAGR of about 5% in the forecast period of 2022-2027. As per the analysis by Expert Market Research, the market is expected to be driven by the increasing prevalence of venous disorders.
The rising demand for compression socks to decrease swelling in ankles and legs, boost blood circulation in legs, manage orthostatic hypotension, and improve lymphatic drainage is augmenting the market growth. The growing utilisation of compression socks in sports medicine to improve the performance of athletes and accelerate recovery from competition or training is also invigorating the market growth.
The increasing prevalence of venous diseases owing to the rising sedentary lifestyles of the working population across the globe is significantly contributing to the growth of the compression socks market. The surging incidences of chronic venous insufficiency and varicose veins among the growing geriatric population are expected to further propel the market demand in the coming years.
The increasing research and development activities and the introduction of new products are boosting the growth of the market. As compression therapy increases blood flow in the lower and upper limbs, the requirement for compression garments such as compression stockings by patients is rising. As a result, the market is expected to be driven by the growing popularity of compression therapy over the forecast period. Furthermore, the rising consumer disposable income and the expansion of the retail sector are likely to positively influence the market for compression socks in the forecast period.
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|Headquarters:||Minnesota, United States|
The 3M Company is a global company that manufactures and markets industrial solutions and products. The company is a pioneer in marketing, scientific, as well as technical innovations. Over 60,000 of its products are utilised in schools, homes, hospitals, businesses, and various other industries. In 2021, the company has a vast presence in 87 countries, employing 93,000 people.
Medi, headquartered in Bayreuth, Germany, is a market leader in the field of medical assistance. Its products are used for the treatment of various illnesses and disorders, including back discomfort, a damaged ligament from athletics, varicose veins, a skew- or flat-foot, or chronic wounds. Medi employs about 3,000 people globally and has 25 offices. Medi has two manufacturing sites in Germany and the United States and sells its products to more than 90 countries.
|Headquarters:||Castel Goffredo, Italy|
Calzificio Zeta is an Italian company that designs, produces, and markets customised compression products. It uses raw materials that are free from harmful substances. The product line of the company intends to relieve discomforts associated with a fast-paced lifestyle and blend comfort with elegance and attention to detail. It produces various wellness and therapeutic products, including sports items, therapeutic items, graduated compression hosiery, and legwear items.
BSN medical is a market leader in wound care, incontinence products, compression therapy, associated vascular disorders and lymphology, and non-invasive orthopaedics, among others. Its major business areas include consumer goods, professional hygiene, and health and medical and its products are sold in nearly 150 countries across the globe. In 2021, the company attained sales of SEK 121,867 million, with an employee base of 46,000.
SIGVARIS GROUP is a family-owned business that provides compression goods to enhance a person’s quality of life. The company’s products are sold in pharmacies, DMEs, orthopaedics, medical speciality stores, medical experts, and hospitals. It has offices and distributors situated in over 70 countries across the world. Approximately 1,700 professionals are dedicated to the well-being of its customers.
Santemol Group Medikal is a supplier, wholesaler, and distributor of original equipment manufacturers (OEMs) of hospital furniture and disposable medical products, staff uniforms, rehabilitation aids, hence supporting both international and local markets. Its registered trademarks include ADELBRAND ®, TRENDOSET ® / TRENDOPLAST ®, TRENDOMEDI ®, BAGTIMIST ®, and SANTEMOL ®.
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