Ken Research Latest Report on “India Wound Care Market Outlook to 2022 – Rising Medical Surgeries and Increase in Incidence of Acute and Chronic Wounds to Foster Future Growth” provides a comprehensive analysis of the overall wound care market by its key segments including traditional (Gauge, Dressings, Tapes, Compression Bandages and Plasters, and Disinfectants), advanced (Dressings and Devices) and surgical care (Sutures, Staples and Glues), distribution channel, and demand by major cities. Wound Care Market ,Market Growth Wound Care ,Sutures Market Wound Care ,Value Chain wound Care ,Advanced wound care Industry . The publication also includes competitive landscape, which discusses the major market players along with the detailed discussion about the organizations and their respective market share. The future analysis of overall India Wound Care Market has also been discussed along with recommendations from analyst view.
Market Potential
The wound care market in India grew at an impressive CAGR of ~% during the period FY’2012-FY’2017. Incline in incidences of both acute and chronic wounds in the country coupled with rise in number of cosmetic surgeries and surgical births aided in the growth of wound care market in the last few years. The market growth was fuelled by rise in knee replacement surgeries in the country with over 80,000 knee replacements performed, Advanced Wound Care Market Trends,Market Developments Collagen,Value Chain wound Care,Johnson and Johnson Market Share,Smith and Nephew Competition India
which represented an incline by 80% in just five years. Furthermore, over 18,000 weight loss surgeries were conducted in India up from just 800 in 2009. Over 9.3 million cosmetic procedures were performed in the country in 2016 as well.
Market Segmentation by Type of Wound Care: Traditional wound care is the primary treatment approach in India. Owing to perception of high cost-low benefit for advanced wound care products, the use of traditional products has been rampant. The segment has witnessed huge demand for products such as cotton, gauge, dressings and bandages. These products are affordable by everyone and enjoy high adoption in medical institutions, clinics and end consumers. Traditional wound care products were the highest revenue generating segment in the wound care market. However, the market for advanced and surgical wound care products has grown at a faster pace than traditional products in the recent past.
Market Segmentation by Type of Advanced Wound Care Devices: Negative Pressure Wound Therapy (NPWT) is the most popular device used in advanced wound management and comprised for highest market share in the advanced wound care device segment, as of FY’2017. Pressure relief devices and hyperbaric oxygen therapy devices had comparatively lower adoption due to superior effectiveness of NPWT. Several other advanced wound care devices including electrical stimulation devices, electromagnetic stimulation devices, ultrasound mist devices and many more are still new to the Indian market and currently had very low penetration.
Competitive Landscape: The wound care market in India is still in its growth phase and is quite a fragmented one characterized by the presence of several manufacturers and fierce competition existing between them. Johnson and Johnson emerged as the market leader in this space, in terms of revenue. Smith and Nephew and Datt Mediproducts were the next two leading companies. These companies had strong product portfolio along with strong distribution systems and promotion strategies that enabled them to keep hold of their market share.
Future Outlook: India wound care market has been mainly driven by technological advances, increasing aging population, problems associated with ineffective traditional wound healing methods and growing incidences of chronic and acute wounds. Rising prevalence of diabetes, attempts to lower the duration of hospital stay in order to reduce the healthcare expenses and the growing inclination towards products that enhance therapeutic outcomes are also driving the demand for the advanced wound care products. India has fast become a global health destination, with the medical tourism industry growing at 30% every year. Over 26 million surgeries were performed in the country in 2016 and reportedly the country’s need for surgeries stood at around 65 million. Hence, with increase in number of hospital and specialized doctors, the number of surgeries performed in the country is going to incline at a steady pace. All these factors would result in greater demand for wound care products and the market is expected to grow at a CAGR of 20.3% during the period FY’2017-FY’2022.
Key Topics Covered in the Report:
- India Wound Care Market Size, FY’2012-FY’2017
- India Wound Care Market Segmentation By Type of Wound Care, By Type of Traditional Wound Care Products, By Type of Advanced Wound Care Products, By Type of Advanced Wound Care Dressings, By Type of Advanced Wound Care Devices, By Type of Surgical Wound Care Products,
- India Wound Care Market Segmentation by distribution channel, FY’2017
- India Wound Care Market Segmentation by Demand by Cities, FY’2012-FY’2017
- Trade Scenario in India Wound Care Market
- Trends and Development in India Wound Care Market
- Regulatory Landscape in India Wound Care Market
- Porter Five Forces Analysis in India Wound Care Market
- Competitive Landscape of Major Players
- Market Share of Major Players
- Company Profile of Major Players
- India Wound Care Market Future Outlook and Projections, FY’2018-FY’2022
- Analyst Recommendations
- Macro-economic Factors
- Wound Care Market
- Market Growth Wound Care
- Sutures Market Wound Care
- Value Chain wound Care
- Advanced wound care Industry
To know more about the research report:
https://www.kenresearch.com/healthcare/general-healthcare/india-wound-care-market/128724-91.html
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