INDIA STATIC COMPRESSION THERAPY MARKET ANALYSIS

Market Challenges And Opportunities

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.

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: 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.