The compression stockings market provides elastic compression garments and graduated compression stockings to support and relieve swelling, heaviness, aching in the legs. Compression stockings help promote blood circulation in the leg veins and prevent blood from pooling in the legs. These stockings distribute pressure evenly along the leg, enhancing return of blood to the heart. The growing prevalence of chronic venous diseases and varicose veins induced by sedentary lifestyle is poised to drive the demand for compression stockings.

The global compression stockings market is estimated to be valued at US$ 33.81 billion in 2024 and is expected to exhibit a CAGR of 5.9% over the forecast period from 2024 to 2031.

Key players operating in the compression stockings market are Avnon HLS(SKYLOCK), SRC, Raytheon, DroneShield, Blighter Surveillance, HP Marketing & Consulting (Dedrone), Israel Aerospace Industries, Mctech Technology, Stratign, Digital RF, MC2 Technologies, Phanotm Technologies, Bejing Hewei Yongtai.

Key Takeaways
Key players: Avnon HLS(SKYLOCK), SRC, Raytheon, DroneShield, Blighter Surveillance, HP Marketing & Consulting(Dedrone), Israel Aerospace Industries, Mctech Technology, Stratign, Digital RF, MC2 Technologies, Phanotm Technologies, Bejing Hewei Yongtai are well established brands in the compression stockings market. They offer a wide variety of fashionable graduated compression products to cater to various consumer needs.

Key opportunities: Compression Stockings Market Trends awareness about therapeutic benefits of compression stockings, particularly for long haul travel or pregnancy, presents lucrative opportunities for market players. With rising medical tourism, there lies immense scope for cross-border sales and global expansion.

Global Expansion: Major companies are engaged in strategic acquisitions and collaboration to expand global footprint. For instance, in 2021 SIGVARIS Group acquired Australian brand 'Therafirm' to strengthen presence in Asia Pacific region. Compression stockings market is expected to witness high growth in developing countries like India and China.

Market Drivers and Restraint:

Drivers:
- Rising geriatric population prone to chronic venous diseases and varicose veins
- Increasing prevalence of obesity and sedentary lifestyle driving demand.
- Growing awareness about therapeutic benefits of compression garments.

Restraints:
- High cost associated with medical grade compression garments limiting adoption.
- Availability of cheaper alternative therapies may hinder market growth.

Segment Analysis
There are three main types of compression stockings that dominate the market - therapeutic grade compression hosiery, anti-embolism stockings, and compression tights or pants. Therapeutic compression hosiery accounts for over 45% of the overall market share as they are widely recommended by physicians and medical professionals for treating chronic venous issues, varicose veins, edema, and deep vein thrombosis. This segment will continue to lead the overall market during the forecast period due to rising cases of blood circulation-related diseases and growing awareness among consumers about the benefits of compression clothing.

Global Analysis
North America accounts for the largest share of over 35% of the global market and will likely retain its dominant position in the coming years. High per capita healthcare expenditure, significant disease burden, and presence of major manufacturers are fueling the growth of the compression stockings market in the region.

The Asia Pacific region will showcase the fastest growth through 2031 with China and India emerging as lucrative markets. Rapidly developing healthcare infrastructure, rising medical tourism, and growing health consciousness are driving the demand for compression stockings across Asia Pacific countries.