India Static Compression Therapy Market Research focuses on the key trends prevailing in the India Static Compression Therapy Industry sector. The existing Industry scenario has been studied and future projections with respect to the sector have also been investigated.ย Market study report comprises evaluation of numerous influential factors including industry overview in terms of historic and present situation, key manufacturers, product/service application and types, key regions and marketplaces, forecast estimation for global market share, revenue and CAGR.
๐๐๐ญ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ฉ๐จ๐ซ๐ญ ๐ฐ๐ข๐ญ๐ก ๐๐๐ญ๐๐ฌ๐ญ ๐๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ @ https://www.coherentmarketinsights.com/insight/request-sample/3532
Compression therapy is a proven medical treatment for various types of edema. It benefits many different patients. There are many different types, and the type of treatment that are depend on several factors, including mobility, exercise level, and the needs of body. Compression therapy is a medical procedure that helps improve circulation and ease symptoms associated with venous illness. It’s an effective treatment for spider veins, leg sores, and heavy feet. It also increases the effectiveness of prescribed treatments and doesn’t have any harmful side effects.
India static compression therapy market is estimated to account for US$ 138.6 Mn in terms of value in 2019 and is expected to reach US$ 241.8 Mn by the end of 2027.
India Static Compression Therapy Market: Drivers
Growing incidence of diabetes is uplifting growth of India static compression therapy market. For instance, according to the National Diabetes andย Diabetic Retinopathyย Survey report published in October 2019, the prevalence of diabetes in India was 11.8% during 2015-2019 and the prevalence of known diabetes cases was 8.0% and new diabetes cases was 3.8% during the period.
Moreover, growing aging population is again expected to aid in growth of the market. For instance, according to the United Nations April 2019 data, the share of geriatric population in India is expected to increase to nearly 20% in 2050
๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐๐๐ ๐๐ซ๐จ๐๐ก๐ฎ๐ซ๐ ๐ฐ๐ข๐ญ๐ก ๐๐๐ญ๐๐ฌ๐ญ ๐๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ @ https://www.coherentmarketinsights.com/insight/request-pdf/3532
India Static Compression Therapy Market: Restraints
Lower healthcare spending is projected to restricted growth of India static compression therapy market. For instance, according to the National Health Profile 2019 released in November 2019, in 2016, public spending on health was 1.17% of the GDP, whereas nations classified as Lower Income Countries by the World Bank spent 1.57% of their GDP on health that year.
Moreover, lack of knowledge and low awareness regarding the use of the static compression products such as bandages and stockings is projected to hinder growth of the market.
India Static Compression Therapy Market: Opportunitiesย
Players in the market are focusing on raising product awareness with major focus on expanding the distribution channel through strategic partnerships.
Moreover, correct usage of compression bandages requires trained professionals. However, India has a poor doctor-patient ratio. Therefore, proper training is expected to aid in growth of the market.
Compression bandages segment in India static compression therapy market was valued at US$ 78.3 Mn in 2018 and is expected to reach US$ 148.4 Mn by 2027 at a CAGR of 7.4% during the forecast period.
Market Trends/Key Takeaways
There is a low product awareness regarding stockings. Sales of diabetic socks and stockings is comparatively higher through online pharmacies, whereas sales of bandages is higher through retail pharmacies, due to higher availability and accessibility to this channel in semi urban and remote areas. This trend is changing and more users are adopting online pharmacies and online company stores to make purchases.
The product awareness for bandages is high in India, whereas as that for socks is moderate. Shift in the adoption rate of static compression therapy products is slow. Adoption rate of stockings and diabetic socks is growing and is projected to outpace that of compression bandages. This is due to ease of wearing compression garments and availability of newer fashionable stockings in the market.
๐๐ฎ๐ซ๐๐ก๐๐ฌ๐ ๐๐ก๐ข๐ฌ ๐๐ซ๐๐ฆ๐ข๐ฎ๐ฆ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐จ ๐๐๐๐๐ฌ๐ฌ ๐ ๐ฎ๐ฅ๐ฅ ๐๐ง๐๐จ๐ซ๐ฆ๐๐ญ๐ข๐จ๐ง (Flat USD 2000 OFF)@ https://www.coherentmarketinsights.com/promo/buynow/3532
India Static Compression Therapy Market: Competitive Landscape
Major players operating in India static compression therapy market include, 3M, BSN Medical, Sigvaris AG, and Vissco Healthcare.
India Static Compression Therapy Market: Key Developmentsย ย
Key players in the market are focused on introducing new products to expand their product portfolio. For instance, in April 2018, Sigvaris AG launched the new version of SAMSON stockings for women and men with new colors, improved characteristics, and a new look. The product is has skin-friendly cotton that keeps away moisture and offers long lasting comfort.
๐๐๐จ๐ฎ๐ญ ๐๐จ๐ก๐๐ซ๐๐ง๐ญ ๐๐๐ซ๐ค๐๐ญ ๐๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ
Coherent Market Insights is a global market intelligence and consulting organization that provides syndicated research reports, customized research reports, and consulting services. We are known for our actionable insights and authentic reports in various domains including aerospace and defense, agriculture, food and beverages, automotive, chemicals and materials, and virtually all domains and an exhaustive list of sub-domains under the sun. We create value for clients through our highly reliable and accurate reports. We are also committed in playing a leading role in offering insights in various sectors post-COVID-19 and continue to deliver measurable, sustainable results for our clients.