Global Stretch Socks Market Size By Type (Gradient Socks, Anti-Embolism Socks), By Application (Ambulatory Patients, Post-operative Patients), By Geographic Scope And Forecast

Stretch Socks Market Size And Forecast

Stretch Socks Market size was valued at USD 1814.63 Million in 2021 and is projected to reach USD 3740.18 Million by 2030, growing at a CAGR of 8.37% from 2022 to 2030.

The COVID-19 pandemic is expected to have a significant impact on the expanding Stretch Socks industry. Although the emergence of COVID-19 has had an impact on all major industrial sectors, the Stretch Socks Market is expected to decline in the first two quarters of 2020, owing to an increase in COVID-19 patients worldwide and the closure of various banks and fintech industries. Furthermore, the market is expected to grow in the third and fourth quarters due to increased demand for Stretch Socks from sectors such as financial institutions, telecom operators, manufacturing, and others. Furthermore, due to the lockdown imposed in various countries, there is a high demand to store, create, and manage various types of distributed ledgers.

Global Stretch Socks Market Definition

Stretch socks are a type of medical equipment made of a material with high elasticity. Stretch socks can help relieve symptoms and slow the progression of varicose veins by providing a distributed amount of compression at the ankle and up the leg. They are intended to gently squeeze the legs, promoting healthy blood flow in the veins. Even if they have not recently had sclerotherapy for varicose veins, patients with venous disease may benefit from wearing compression socks or stockings. The primary goal of Stretch Socks Market is to examine the market structure and various factors influencing market growth.

Global Stretch Socks Market Overview

Stretch socks can help relieve symptoms and slow the progression of varicose veins by providing a distributed amount of compression at the ankle and up the leg. They are intended to gently squeeze the legs, promoting healthy blood flow in the veins. Even if they have not recently had sclerotherapy for varicose veins, patients with venous disease may benefit from wearing compression socks or stockings.

Covered the main raw materials used to make stretch socks are yarn, spandex, and nylon. The majority of businesses get their materials from the market. The stretch socks industry has benefited raw material manufacturers to some extent with the development of stretch socks and is expected to the growth of the Stretch Socks Market even further.

Global Stretch Socks MarketSegmentation Analysis

The Global Stretch Socks Market is segmented on the basis of Type, Application, And Geography.

Stretch Socks Market, By Type

• Gradient Socks• Anti-Embolism Socks• Others

Based on Type, The market is segmented into Gradient Socks, Anti-Embolism Socks, and Others. Gradient Socks are more commonly prescribed to ambulatory patients or those who walk, accounting for approximately 72.31 percent of total sales. They believe this is an emerging industry, and as the economy improves and more people pay attention to their physical health, particularly in rural areas with a large population and rapid economic growth, the demand for stretch socks will increase, and the consumption increasing degree will show a rapid growth curve, increasing the market growth of the Stretch Socks Market globally.

Stretch Socks Market, By Application

• Ambulatory Patients• Post-operative Patients• Pregnant Women• Others

Based on Application, The market is segmented into Ambulatory Patients, Post-operative Patients, Pregnant Women, and Others. Women may experience a variety of discomforts during pregnancy as a result of fluctuating hormones, weight gain, and other major changes in the body. This helps prepare you for childbirth, but it can also cause side effects such as body aches and pain. It also makes you more prone to injury. Leg cramps are common during pregnancy’s third trimester. When you’re pregnant, your body produces 50% more fluid. This can result in excessive swelling. Compression socks relieve the discomfort by applying gentle pressure, which is driving the market growth increasing the Stretch Socks Market globally.

Stretch Socks Market, By Geography

• North America• Europe• Asia Pacific• Rest of the world

On the basis of Geography, The Global Stretch Socks Market is segmented into North America, Europe, Asia Pacific, and the Rest of the world. This is a global initiative led by WHO/UNICEF, and Palestine was the first country in the Middle East to implement the NFSI through Juzoor. Policy dialogue and advocacy with Palestinian authorities to change education policy to promote adequate adolescent nutrition are part of the NFSI approach, as is a component focused on modeling and scaling up effective interventions within schools and communities, thereby it will be driving the growth of the region’s Stretch Socks Market in the coming years.

Key Players

The “Global Stretch Socks Market” study report will provide valuable insight with an emphasis on the global market. The major players in the market are Thuasne Corporate, Juzo, MD, Okamoto Corporation, Sigvaris, Gloria Med, Salzmann-Group, Cizeta Medicali, Medi, Maizi.

Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.

Key Developments

• In Jan 2021, Thuasne acquires Knit-Rite, Inc. and its division Therafirm in the United States. Furthermore, Thuasne opens up new market devices for orthopedic prostheses (post-amputation prosthetic socks & prosthetic textile interfaces), with a significant market-leading position in the United States, with this acquisition.

• In March 2022, Okamoto Industries, Inc. completed the purchase of an additional 17.1% stake in Riken Corundum Company Limited for approximately 360 million yen.

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• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes in-depth analysis of the market from various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post-sales analyst support

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