Static Compression Therapy in India Market Detailed Analysis and Forecast by 2025
This report examines the static compression therapy market for the period 2015–2025. The primary objective of the report is to offer insights into developments in the static compression therapy market that are significantly helping transform the Indian healthcare industry.
This report on the static compression therapy market in India begins by defining static compression therapy and listing related products. The overview section includes FMI’s analysis on key trends, drivers, restraints and opportunities that are influencing growth of the static compression therapy market in India currently.
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Some of the factors driving growth of the static compression therapy market in India are significant increase in diabetic patients in the country, increasing geriatric population, incidence rate of varicose and spider veins, increase in per capita healthcare expenditure and increasing awareness about static compression therapy for treatment foot ulcer and regulation of blood circulation. On the other hand, factors hampering growth of the static compression therapy market in India are high cost of and low awareness about static compression therapy products in the country.
The static compression therapy market in India is segmented on the basis of product type into compression garments and compression bandages. Compression garments segment is further sub-segment into compression stockings and diabetic socks. The static compression therapy market in India is also segmented on the basis of distribution channel into online pharmacies and retail pharmacies.
The report evaluates the static compression therapy market by product type and by distribution channel based on present scenario and growth prospects of the static compression therapy market for the period 2015 –2025. We have considered 2014 as the base year and provided data for the forecast period, i.e. 2015–2025.
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To ascertain size of the static compression therapy market, we have also considered revenue generated by companies that are developing static compression therapy products. The forecast presented here assesses the total revenue generated across the static compression therapy market in India over the forecast period. In order to offer an accurate forecast, we started by sizing up the current market, which forms the basis of how the static compression therapy market is expected to develop in the future. Given the characteristics of the market, we triangulated the outcome on the basis of three different types of analysis, i.e., by supply side, downstream industry demand and the economic envelope.
It is imperative to note that in an ever-fluctuating global economy, we not only conduct forecasts in terms of CAGR, but also analyses based on key parameters, such as Year-on-Year (Y-o-Y) growth rates, to understand the predictability of the market and to identify the right opportunities in it.