Therapeutic Effects make Hosiery Market increasingly promising to Healthcare Industry
The global hosiery market is projected to rise at a steady, moderate CAGR during 2017–2022, and is anticipated to reach a worth exceeding US$65,000 million by the end of this period.
[USPRwire, Mon Mar 04 2019] The global hosiery market is projected to rise at a steady, moderate CAGR during 2017–2022, and is anticipated to reach a worth exceeding US$65,000 million by the end of this period.
Hosiery garments have risen in popularity as just being legwear in the apparel industry. The worldwide demand for these knitted fabrics has been high and dynamic, targeting demographics in the sports and fitness, healthcare, and fashion industries in its way. Hosiery garments are not confined to meet the needs of comfort and aesthetics. The hosiery market is treading new growth trajectories underpinning the advent of products that can meet the demand for new sets of functionalities and derive new health benefits. The rising demand for hosiery in the sports industry reiterates these trends.
The demand for hosiery has been gathering steam among sportsperson to replace cotton stockings, notably among multi-sports athletes, for preventing risks of injury, improving blood circulation, and protecting against muscle damage. Design of hosiery by garment manufacturers to meet new performance needs of athletes is also boosting the hosiery market.
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The hosiery market is witnessing new growth avenues in the healthcare and sports and fitness industries, world over. The rising demand for garments that support increased performance of sportspersons and athletes and in preventing muscle damage and injuries is a key factor bolstering the growth of the hosiery market. The growing incidence of venous disorders among athletes has led to an attractive demand for hosiery products to minimize the risks.
The substantial prospect of applications of hosiery in schlerotherapy for treating various leg disorders is also propelling the growth of the hosiery market. The rising popularity of hosiery as compression stocking among worldwide populations is a key factor contributing large revenues to the overall hosiery market.
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On the regional front, Asia Pacific excluding Japan (APEJ) is expected to be the major market for hosiery throughout the assessment period. The growth of the APEJ market for hosiery is also propelled by the extensive demand for socks and stockings. The rapidly rising demand for various hosiery products for men is bolstering the growth of this regional market. The substantially rising demand for compression stockings as an attractive category of hosiery market is also catalyzing the growth of the APEJ market. On the other hand, the promising demand for super-premium price range hosiery products in Europe will make this a promising regional market.
A growing number of apparel manufacturers in the global hosiery market are focused on improving the quality fabric for enhancing the product performance. Prominent names in the hosiery market include Wolford Aktiengesellschaft, Jockey International, Golden Lady Company, L Brands, Gildan Activewear, and Hanesbrands.
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