Indian Compression Garments Market Size, Share and Forecast 2020-2026
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.
·
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
A
full Report of Indian Compression Garments Market is Available at: https://www.omrglobal.com/industry-reports/indian-compression-garments-market
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
Company
Profiles
·
Adidas
AG
·
Company
Overview
·
Product
Portfolio
·
Recent
Developments/Activities
·
Ascent
Meditech, Ltd.
·
ASICS
Asia Pte. Ltd.
·
Leonisa
·
LIPOELASTIC
S.A.
·
Medi
GmbH & Co. KG
·
New
Balance Athletics, Inc.
·
NIKE,
Inc.
·
Tynorindia
·
Under
Armour, Inc.
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