The Indian compression garments market is estimated to exhibit a steady CAGR during the forecast period (2020-2026). With a prevalence rate of 8.3%, the country has around 74 million people with diabetes in the country, which is significantly high, which results in increased demand for compression garments. Urban India constitutes a major target segment for BGM devices as they not only have higher disposable incomes but are also aware of several mechanisms for diabetes management. Key players are also offering a wide range of cost-effective product portfolio to suit the demand and requirement of several consumer segments. For instance, F. Hoffmann-La Roche introduced Integrated Diabetes Management Solution (IDMS) through the introduction of the mySugr app and the Accu-Chek Instant BGM system in May 2019. This integrated platform will enable patients, caregivers, and healthcare professionals to view, share, and access blood glucose data anytime seamlessly for timely advice and optimized treatment decisions.
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Such developments in countries like India provide a platform for rising awareness regarding products and therapies available for the management of diabetes and related ailments, thus presenting growth opportunities for compression garments in the country. Apart from healthcare applications, compression garments are also finding rising traction in slim-wear applications, and the demand is further expected to grow during the forecast period, especially in tier 1 and tier 2 cities.
Market Coverage
- The market number available for – 2019-2026
- Base year- 2019
- Forecast period- 2020-2026
- Segment Covered- by Product Type, Application, and Distribution Channel
- Country Covered- India
- Competitive Landscape- Ascent Meditech, Ltd., ASICS Asia Pte. Ltd., Leonisa, LIPOELASTIC, and Tynorindia
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Key questions addressed by the report
- What is the market growth rate?
- Which segment dominates the market in the base year?
- Which segment will project the fastest growth in the market?
- How COVID-19 impacted the market?
Ø Recovery Timeline
Ø Deviation from the pre-COVID-19 forecast
Ø Most affected segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Indian Compression Garments Market Report Segment
By Product Type
- Shapewear
- Compression Tapes
- Facial Garments
- Full Body Garments
- Lower and Upper Extremities Garments
By Application
- Healthcare
- Sports
- Slim-wear
By Distribution Channel
- Pharmacy and Offline Retail
- Online
(This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.)
