India Static Compression Therapy Market is estimated to be valued at US$ 181.1 Mn

naufan

posted on 10 months ago — updated on 1 second ago

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Static compression therapy products are used to treat swelling, pain, and varicose veins. Static compression therapy relies of applying graduated compression to limbs via medical hosiery, bandages or tape to aid blood flow.

Market Overview
The global India Static Compression Therapy Market is estimated to be valued at US$ 181.1 Mn or Mn in 2022 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.

Static compression therapy products are used to treat swelling, pain, and varicose veins. Static compression therapy relies of applying graduated compression to limbs via medical hosiery, bandages or tape to aid blood flow. This effectively treats venous insufficiency and prevents deep vein thrombosis.

Market key trends
One of the key trends in the India static compression therapy market is the growing adoption of advanced compression garments for medical and sports applications. Advanced compression garments provide graduated, proportional compression through specialized fabrics and designs. They aid blood flow, prevent deep vein thrombosis, reduce muscle fatigue and speed up recovery. Growing sports popularity and increase in lifestyle disease are driving demand for advanced compression clothing in India.

Segment Analysis
The India static compression therapy market is segmented by product, application, end-user and distribution channel. By product, the stockings segment is dominating the market as it is easy to use, wear and remove for the patients. Stockings provide graduated compression and improve blood circulation efficiently.

By application, the varicose veins segment dominates the market due to high prevalence of varicose veins in the country. According to some studies, varicose veins affect around 30-40% of adult population in India. Rising awareness regarding complications of varicose veins like leg swelling, skin discoloration etc. is driving the growth of this segment.

Key Takeaways
The India Static Compression Therapy Market Size was valued at US$ 181.1 million in 2022 and is expected to reach US$ 309.6 million by 2030, expanding at a CAGR of 7.4% from 2023 to 2030. The growth of the market can be attributed to the increasing geriatric population suffering from chronic venous diseases and rising awareness regarding advantages of compression therapy.

Regional analysis indicates that South India dominates the market owing to increasing healthcare expenditure, surge in bariatric surgeries and growth of medical tourism in the region. The availability of advanced treatment options and skilled medical professionals in major cities of South India like Hyderabad and Bangalore have made it the dominant region in the static compression therapy market.

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. 3M leads the market with wide range of compression therapy products like bandages, hosiery and compression garments. BSN Medical also has a significant market share owing to its diverse product portfolio catering to various indications.