Global elderly population rise is anticipated to fuel the compression stocking market's expansion. For instance, the worldwide geriatric population was approximately 962 million in 2017, and it is projected to reach over 2.1 billion by 2050, according to the United Nations World Population Report 2017.
Additionally, a rising patient population with venous diseases is anticipated to fuel market expansion.
In 2022, the market for Compression Stockings was estimated to be worth US$1.5 billion.
Leading Companies in the Compression Stockings Industry:
1. Bio Compression System: For more than 30 years, Bio Compression Systems, Inc. has been a pioneer in compression therapy. A number of conditions are treated by Bio Compression's pneumatic compression devices (PCD). In the United States, Bio Compression Systems is situated in Moonachie, New Jersey.
2. BSN Medical: A Luxembourg-based producer of medical supplies. In order to provide a smooth therapeutic progression for the treatment of acute, chronic, and difficult-to-heal wounds, the company offers orthopaedics, wound care, and compression therapy solutions. Created in 2001. Headquartered in Luxembourg.
3. Devon Medical Products: Medical catheters and related goods are produced and distributed. Serving the urology, gastroenterology, and gynaecology disciplines is one of the company's activities. Established in 1991. Located in Bangalore, Karnataka. Contigo Health, a subsidiary of Premier, purchased significant assets from Devon Health and TRPN Direct Pay.
4. Julius Zorn GmbH: More than 1,000 people work together for the organisation globally. They have made it their mission to enhance patients' quality of life and offer long-lasting symptom alleviation as compression therapy experts. The company is continually creating novel, intelligent products to accomplish this. They have already been working towards this objective for more than a century and are always searching for fresh approaches in the fields of lymphology, phlebology, scar care, and orthopaedics. Located in Ohio, in the United States.
5. Medtronic SIGVARIS.: Supplier of medical equipment. Customers can get diabetes supplies, insulin pumps, fitness and health products, accessories, and glucose monitoring products from the company. Headquartered in Ireland's Dublin. In 2022, Medtronic and BioIntelliSense announced a cooperation for the sole U.S. distribution of a multi-parameter wearable for continuous remote patient monitoring from the hospital to the patient's home.
*Definitionn: Compression stockings are specially designed to apply pressure to your lower legs, helping to maintain blood flow and reduce discomfort and swelling.
