Compression Socks Market Projections Highlight Positive Revenue Share during 2018-2028

From: Fact.MR
Published: Tue Jun 04 2019

With the rising standard of living, of consumers across developed and developing countries have been aiding the demand for compression socks. The growing inclination for branded products has a direct impact on the Global Compression Socks Market. With an increasing trade agreements across the world, the global compression socks market has an incremental growth opportunities pertaining to strategies and operations for the business. The rising popularity among women and various medicinal benefits will boost the global compression socks market in the forecast period. The impact of versatility, comfort and style attributes on the worldwide compression socks market is expected to intensify in the future. The growing youth population globally will look for these attributes.

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The compression socks trend is a bright spot in sportswear right now and responsible for the category growth in the recent years. With increasing urbanization and rise in purchasing power, customers are spending more on high-end premium and branded products as it comes with good quality complementary wheels and handles that are durable and long lasting. In addition, increasing spending on casual wear by the younger generation is another factor driving the growth of the global compression socks market, and this is expected to continue over the forecast period. Women consumers have been observed inconsistent in demand for compression socks, and they demand a newer style on their every purchase. This has led to set a competition trend of innovative ways to tap women consumer.

Medicinal benefits of compression socks has fueled demand globally

Athletes and runners sometimes wear compression socks to improve athletic performance or prevent injury. Medicinal benefits have created significant demand for consumer socks among athletes and led to an increase in the global market at a substantial rate. Compression socks avoids the risk of blood clot and also recommended by physicians using compression socks on long airline flights.

Brand endorsement increases the attraction of consumers toward compression socks

The sales of compression socks also depends upon factors as what their favorite stars and athletes are wearing. Since different actors and athletes are famous in their countries and regions, footwear and other compression socks providers have different brand ambassadors in different countries based on their popularity.

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The global compression socks market can be segmented on the basis of product type, compression level, end-use and sales channel.

East Asia & South Asia is estimated to have major share in global compression socks market

The primary market for compression socks are China and India, which accounts for the largest customer base for branded compression socks products. The availability of cheap labor in China is one of the critical factors for the establishment of large numbers of compression socks in the country, by several international manufacturers. North America is expected to be the most significant market for compression socks market due to the establishment of leading brands across the regions.

Global Compression Socks Market Key Players

The key players in compression socks are also striving to bring about products that are entirely new for customers to experience. To maintain supremacy in the global compression socks market manufacturers are investing sums of money for increasing production capacity of the compression socks. Owing to these factors, the global compression socks industry is rejuvenated, and the demand is escalating. Some of the key market players in the global compression socks market are:

FLA Orthopedics Inc., 3M, Sigvaris Group, Juzo, 2XU Pty. Ltd. JOBST USA, Prime Compression, Bio Compression Systems Inc. Comfort Plus Corporation, Medline Industries Inc. Duluth Trading Company

The research report presents a comprehensive assessment of the Compression socks market and contains thoughtful insights, facts, and historical data and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to Compression socks market segments such as geographies, application and industry.

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