Healthcare is fastest growing segment fueling the growth of India Static Compression Therapy Market
The global India Static Compression Therapy Market is estimated to be valued at US$ 181.1 Mn in 2023 and is expected to exhibit a CAGR of 7.4% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
Static compression therapy is used primarily to treat chronic venous disease, deep vein thrombosis and lymphedema. Products under this market include compression garments, compression braces and compression pumps which help reduce swelling and promote blood circulation. These products provide uniform pressure all through the therapy process without any restrictions on mobility.
Market key trends:
One of the key trends in the India static compression therapy market is growing adoption of 3D printed compression garments. 3D printing technology allows customization of compression garments as per the patient's body structure which ensures perfect fit and uniform pressure distribution. This personalized approach enhances patient comfort and compliance with compression therapy. 3D printed garments can be easily modified as swelling reduces providing long term therapy support. Their lightweight design also improves wearability. Rising awareness about benefits of 3D printed compression garments among patients and doctors is driving their demand.
Segment Analysis
Content: The India static compression therapy market is dominated by the compression garments segment. Compression garments are gaining popularity in the country due to increasing awareness about the benefits of compression garments in treating various conditions such as varicose veins, deep vein thrombosis, leg fatigue and leg swelling. Compression garments provide constant compression to the legs and improve blood circulation. There is a wide range of compression garments available in the market including stockings, socks and wraps. Among these, compression stockings are highly preferred as they effectively manage blood flow and alleviate pain and swelling.
Key Takeaways
The India Static Compression Therapy Market Size is expected to witness high growth, exhibiting CAGR of 7.4% over the forecast period, due to increasing prevalence of varicose veins, DVT and lymphedema in the country. As per WHO, varicose veins affect about 30-40% of adult population, thereby creating demand for compression therapy.
Regionally, Western and Southern India hold majority share of the India static compression therapy market due to presence of leading healthcare facilities and rising medical tourism. States like Maharashtra and Karnataka are fastest growing markets.
Key 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. Major players are focused on new product launches and partnerships to strengthen their market position.
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