Static compression therapyproducts are highly effective in the treatment of varicose veins and spiderveins. The adoption of compression bandages is higher compared to compressionsocks and stockings due their low cost. Stockings used in static compressiontherapy are effective in the treatment of varicose veins and spider veins.Socks are effective for leg pain in diabetic patients.
IndiaStatic Compression Therapy Market is estimated to account for US$ 138.6 Mnin terms of value in 2019 and is expected to reach US$ 241.8 Mn by the end of2027.
India Static Compression TherapyMarket: Drivers
Increasing prevalence of venousulcers and other vein diseases is expected to propel growth of India staticcompression therapy market over the forecast period. For instance, according tothe study, ‘Estimation of Prevalence of Varicose Veins Formation and AssociatedRisks in North Indian Population’, published in 2019 in Research & Reviews:A Journal of Health Professions, the prevalence of varicosities formation wasnoted high in the Northern Indian population with around one-third of women (inthe study group) and one fifth of men found affected by this disorder.
India Static Compression TherapyMarket: Opportunities
Older debilitated patients withcomorbidities find it difficult to use compression stockings. Market playerscan focus on developing products that are convenient for the geriatric agegroup to enhance their market share.
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India Static Compression Therapy Market:Restraints
Availability of substitutes isexpected to hider growth of India static compression therapy market. Thesubstitute for static compression therapy is dynamic compression therapy.Moreover, increasing use of compression devices could hamper demand for bandagesand stockings.
Key Takeaways:
Compression bandages segment inIndia static compression therapy market was valued at US$ 78.3 Mn in 2018 andis expected to reach US$ 148.4 Mn by 2027 at a CAGR of 7.4% during the forecastperiod. The compression bandages provide compression to the injured bloodvessels by facilitating blood clot formation, thereby treating rapid blood lossor haemorrhage. Compression bandages are highly suited at stabilizing wounds onlimbs. The bandages also find application in treating venomous snake bites, toavoid venom progression into the bloodstream. Pressure bandages are idealemergency tools for severe injuries such as sports injuries and accidents.
The retail pharmacies segmentheld dominant position in India static compression therapy market in 2018,accounting for 63.6% share in terms of value, followed by online pharmacies.There is a presence of large number of retail pharmacies in the country whoreadily make available newer products in the market. Moreover, increasingspending capacity of the population is also expected to support growth of thesegment over the forecast period.
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Market Trends
Major players in the market areoffering sizing mobile apps. For instance, Sigvaris AG offers Sizing App, whichhelps users find the suitable compression stockings and provides size recommendationsand product suggestions.
The use of static compressiontherapy in gym is a new trend. It helps to increase blood flow to specificparts of the body, thereby providing more oxygen and nutrients to those areasfor speedy recovery, relieving pain, and improving performance during variousgym activities.
India Static Compression TherapyMarket: Competitive Landscape
Major players operating in Indiastatic compression therapy market include, 3M, BSN Medical, Sigvaris AG, andVissco Healthcare.
India Static Compression TherapyMarket: Key Developments
Major players in the market arefocused on launching new products to expand their product portfolio. For instance,in May 2018, Sigvaris AG launched DELILAH, a support stockings in thefine-structured 140D FLAT.
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