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.

Okay, so the COVID-19 pandemic? Big changes expected for the Stretch Socks industry. Yeah, pretty much every industry got hit, and we're thinking the Stretch Socks Market probably dipped in the first half of 2020, with all those COVID-19 cases and banks and fintech places shuttering their doors. But hey, things are looking up! We're predicting a rebound in the second half of the year as financial institutions, telecom operators, manufacturing – you name it – start needing more Stretch Socks. Plus, with all the lockdowns, everyone's scrambling to store, create, and manage those distributed ledgers, so that's driving demand too.

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

Okay, so who's using stretch socks? Well, it breaks down into a few groupsAmbulatory Patients, Post-operative Patients, Pregnant Women, and Others. Let's talk about pregnancy for a sec. Women, bless them, go through a lot! Fluctuating hormones, weight gain, all kinds of changes. It's all prepping them for childbirth, but it can also lead to aches, pains, and generally making them more prone to injury. And leg cramps? Especially in the third trimester! Then there's the fluid retention. Your body's pumping out 50% more fluid when you're pregnant, which can cause some serious swelling. That's where compression socks come in. They offer gentle pressure to ease the discomfort, and that relief is a big part of what's driving the market growth for Stretch Socks globally.

Stretch Socks Market, By Geography

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

When we look at the Geography of the Global Stretch Socks Market, we can break it down into regions like North America, Europe, Asia Pacific, and basically everywhere else! This whole thing is like a global push led by WHO and UNICEF. Interestingly, Palestine was the first in the Middle East to use the NFSI through Juzoor. A big part of their plan involves talking with and encouraging Palestinian leaders to tweak education policies so that teens get the right nutrition. Plus, they're working on showing off and expanding successful projects in schools and neighborhoods, which should really boost the Stretch Socks Market in that area down the road.

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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