INDIA STATIC COMPRESSION THERAPY MARKET ANALYSIS

The India static compression therapy market is estimated to be valued at US$ 181.1 Milion in 2023 and is expected to exhibit a CAGR of 7.4% during the forecast period (2023-2030).

Analysts’ Views on India Static Compression Therapy Market:

Increasing prevalence of diabetes disease, rising geratic population and increasing awareness about diabetic diseases are expected to drive the India static compression therapy market  over the forecast period. To enable a platform that is rapid, efficient sample processing and in order to reduce the risk of manual errors, medical device manufacturers in the endovenous laser treatment market are focusing on offering end users with user-friendly products.

Figure 1. India Static Compression Therapy Market Share (%), By Product Type, 2023

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India Static Compression Therapy Market – Driver

Rising incidence of  Diabetes

Rising incidence of diabetes is expected to drive the India static compression therapy market growth over the forecast period. For instance, according to the World Health Orgnisation in May 2021, 77 million people above the age of 18 years in 2020 are suffering from diabetes (type 2) and nearly 25 million are prediabetics (at a higher risk of developing diabetes in near future) in India. More than 50% of people are unaware of their diabetic status that leads to health complications if not detected and treated early in India.

 Figure 2. India Static Compression Therapy Market Share (%), By Distribution Channel, 2023

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India Static Compression Therapy Market – Impact of Coronavirus (COVID-19) Pandemic

Since the COVID-19 virus outbreak in December 2019, the disease has spread to over 100 countries across the globe, and the World Health Organization declared it a public health emergency on January 30, 2020.

COVID-19 affected the economy in three main ways: by directly affecting the production and demand of drugs, by creating disruptions in distribution channels, and through its financial impact on firms and financial markets. Due to nationwide lockdowns, India faced problems regarding  transportation of pharmaceutical products from one place to another.

However, the COVID-19 pandemic had a positive impact on the India static compression therapy market. For instance, According article published in World health orgnisation in 2021, Compression therapy is an essential part of universal health coverage along with the promotion of good health, prevention of disease, treatment, and palliative care which include compression therapy in Covid-19. There are several advantages associated with compression therapy, that is expected to drive the marketgrowth.

 India Static Compression Therapy Market- Segmentation:

The  India static compression therapy market report is segmented into by product type and by distribution channel.

By Product Type , the market is segmented into compression bandages and compression garments out of which, the compression garments segment is expected to hold a dominant position in the India static compression therapy market during the forecast period, owing increase in surgeries of arms and legs.

By distribution channel, the market is segmented into retail pharmacies and online pharmacies. Out of which, the Retail pharmacies segment is expected to hold a dominant position in the India static compression therapy market during the forecast period, owing to increasing number of retail pharmacies in India

Among all the segmentations the product type segment has the highest potential due to the compression garments is widely used in medical treatments. In many sportswear, it is an important addition to athletics and fitness activities. It is expected to enhance the performance of the athletes, decrease the possibility of injury, and accelerate the recovery process. In many burn cases, compression garments are very helpful in minimizing the formation of hypertrophic scars and enhancing the maturation process of scars.

India Static Compression Therapy Market: Key Developments

In September 2021, Arjo, is a medical technology company, announced that it had received 510(k) clearance from the U.S. Food and Drug Administration (FDA) for WoundExpress, Arjo’s WoundExpress is an Intermittent Pneumatic Compression (IPC) system that is used to manage lower leg wounds with a garment applied on the patient’s thigh, uniquely placed away from the wound site to avoid painful pressure while increasing blood flow to the leg ulcer.

In May 2020, AIROS Medical, Inc., is a medical technology manufacturer specialized in compression therapy products, launched its updated AIROS 6 Sequential Compression Therapy device. Its updated AIROS 6 Sequential Compression Device provides an efficient, and effective treatment for patients with chronic swelling caused by lymphedema.

In October 2020, 3M, is an U.S. based medical equipment company, expands Surgical Portfolio with PREVENA RESTOR AXIO FORM Incision Management System is reduce edema, help to remove infectious material, stabilize the incision, and reduce the time required for recovery.

 In March 2022, Goldwin Ltd., a India-based healthcare business group, launched collection in India to incorporate LYCRA FitSense technology, a water-based dispersion screen printed onto LYCRA fiber stretch clothing used to manage lower leg wounds with a garment applied on the patient’s thigh, uniquely placed away from the wound site to avoid painful pressure while increasing blood flow to the leg ulcer

 India Static Compression Therapy Market: Key Trends

Increasing adoption of stockings expected to boost the India static compression therapy market

Increasing adoption of stockings expected to boost the India static compression therapy market expansion in the India. For instance, According to the article released in Dov medical press journal in September 2021, Reported the Improving Adherence to Wearing Compression Stockings for Chronic Venous Insufficiency and Venous Leg Ulcers. Patient adherence to wearing compression stockings in the management of chronic venous insufficiency (CVI) and venous leg ulcers (VLUs) is low. Poor adherence with compression stockings contributes to recurrence and impaired healing of VLUs.

India Static Compression Therapy Market: Restraint

Low patient compliance with compression garments

Patient non-complince with compression products and non adherence to treatment protocol are the comman issues related to compression therapy. Non-complience specially high in long term treatments, when the primary goal is prevent the occurance of specific condition such as oocurance and re-occurance of ulcers. Since compression therapy isused as preventive therapy is in a majority of cases, the complince rate of patients with the therapy decreases over time. Moreover, Companies are working on advance technology in compression products which is help to compliance with compression garments.

India Static Compression Therapy Market - Key Players

Major players operating in the India static compression therapy market are 3M , BSN Medical, Sigvaris AG, Cardinal Health,Medi GmbH & Co, ArjoHuntleigh Healthcare India, Bio Compression Systems Inc, Zimmer Biomet India, Spectrum Healthcare and Vissco Healthcare

Global India Static Compression Therapy Market: Definition

Compression therapy is a form of wound care in which specifically designed stockings are worn to gently apply pressure to the ankles and legs. Static compression therapy products include, compression garments, compression stockings, and compression socks. Bandages are easy to wear, and are affordable. Bandages are made from elastic material, and are used on various parts of the body to reduce swelling. The compression bandages are used to apply pressure to produce a desired clinical effect after trauma  known as pressure bandages, and are used to control conditions such as edema, lymphedema, and reduce swelling in the treatment of venous disorders of the leg. These also can be easily adjusted to fit different limb size and individual patient’s compression needs. The pressure bandage are highly recommended in the medical settings, owing to the wide availability of options such as the difference in compression pressure allowing efficient treatment for severe to acute injuries.