The India Static Compression Therapy Market Expected to Witness Robust Growth at a 7.4% CAGR, Surpassing US$ 148.4 Million in Revenue by 2024, According to Coherent Market Insights.
The strong demand from diabetics and the geriatric population will be the primary drivers of growth in the India static compression therapy market in 2016. This demand will be further bolstered by the increasing incidence of venous ulcers and other vein-related diseases. In 2015, compression bandages dominated the market, accounting for more than 60% of the revenue. Overall, the India static compression therapy market is poised to generate approximately US$ 112 million in revenue for the year 2016.
Retail pharmacies are expected to maintain their dominance as the primary distribution channel, contributing to over 62% of the market’s revenue in 2016. The retail pharmacy distribution channel, which was valued at US$ 63 million in 2015, is projected to grow by 7.4% in terms of revenue, reaching US$ 67.6 million in 2016.
Click Here to Access Your Visuals-Packed Report!
https://www.futuremarketinsights.com/reports/sample/rep-in-1680
Sales of compression therapy products and services are also growing through online channels. Online pharmacies are leveraging on offering doorstep delivery and competitive pricing to appeal to end-users. Sales through online pharmacies totalled US$ 39.9 Mn in 2015, and are expected to grow at 5.5% in 2016 to reach US$ 42.11 Mn.
Several players are anticipated to enter the India static compression therapy market, considering the steady growth that the market is currently experiencing. 3M Co., BSN Medical, Sigvaris AG, and Vissco Healthcare are some of the leading players in the India static compression therapy market.
The key players in the India static compression therapy market are focusing on establishing the distribution channels and creating awareness about the benefits of compression stocks among patients. Coban 2 Lite Compression Systems, Jobst, and Vissco Platinum are some of the well-known static compression therapy products available in the market.
Long-term Outlook: The long-term outlook on the India static compression therapy market is positive, with total revenues expected to increase at a CAGR of 7.2% during the forecast period 2015-2025.
Discovering the assumptions behind the study. Ask an Analyst Now.
https://www.futuremarketinsights.com/ask-question/rep-in-1680
Competitive Landscape
Key market participants covered in the report include 3M Co., BSN Medical., Sigvaris AG and Vissco Healthcare. The primary focus of these companies is towards establishing distribution channel and creating awareness about benefits of static compression therapy in India. The report covers several important developments in these companies as well as their SWOT analysis.
Key Segments Covered
By Product Type:
- Compression Bandages
- Compression Garments
- Upper Garments
- Lower Garments
By Distribution Channel:
- Retail Pharmacies
- Online Pharmacies
Get Your Customized Impactful Report Now!
https://www.futuremarketinsights.com/customization-available/rep-in-1680
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5,000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube
