The wound care market in India is characterized by wound treatment products and medical devices meant for traditional, advanced and surgical purposes. The market has grown at a rapid pace in the last few years owing to the continuous launch of new and advanced products. Aging population, rising surgeries, inclining prevalence of chronic and acute wounds have all contributed to the growth of the wound care market in the country. Wound Care Market, Wound Management Market Share ,Market Growth Wound Care, Advanced Wound Care Market Trends, Market Developments Collagen, Market Research Report Wound Care, Johnson and Johnson Market Share ,Smith and Nephew Competition India, Wound Care Products Market Segmentation, Tapes and Bandages Market Size, Disinfectants Market in India, Advanced wound care Industry, Wound Care Markets Skin Ulcer Treatment, Burn Treatment,Bioactive Wound Care Market Analysis, Collagen Dressing Wound Care Products Market, Asia Wound Management Market, Wound Care Market Size, Wound Care Market Share, Wound Care Market Trends and Forecasts,
The wound care market in India grew at an impressive CAGR of ~% during the period FY’2012-FY’2017. The market registered growth in revenues from INR ~ million in FY’2012 to INR ~ million in FY’2017. The market growth was also fuelled by rise in knee replacement surgeries in the country with over 80,000 knee replacements performed, 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. Moreover, India recorded annual burn incidence of approximately 6-7 million every year which resulted in growth of market revenues.
The medical and surgical equipment sector received a total foreign direct investment of INR 83.4 billion between 2000 and 2016. In 2013 alone, FDI inflow was recorded at INR 9.2 billion and the number jumped to INR 10.1 billion in 2015. India is the diabetes capital in the world with 74.4 million diabetic patients in 2016.
Prevalence of diabetes in Indians was recorded at 2.4% in rural areas and 12-17% in urban population. In India, prevalence of foot ulcers in diabetic patients was recorded as 3%. Recurrence rate of diabetic foot ulcers in India was as high as 66% as of 2016 which also augmented the growth in market revenues.
Which Segments Are Doing Well In Wound Care Market In India?
Traditional wound care is the primary treatment approach in India. 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 of the country and accounted for ~% of the overall market share as of FY’2017. Owing to perception of high cost-low benefit for advanced wound care products, the use of traditional products has been rampant. Counterfeit and local substitutes are easily available for products in this segment and there existed a continuous downward pressure on pricing.
NPWT (Negative Pressure Wound Therapy) is the most popular device used in advanced wound management and comprised for ~% market share in the advanced wound care device segment, as of FY’2017. It involves enveloping a non-healing wound coupled with application of negative pressure through foam or gauge dressing. It has been especially been utilized for management of diabetic foot wound. Among newer interventions in diabetic foot wound therapies, NPWT has become an established method of wound management in the last few years. Wound Care Market, Wound Management Market Share ,Market Growth Wound Care, Advanced Wound Care Market Trends, Market Developments Collagen, Market Research Report Wound Care, Johnson and Johnson Market Share ,Smith and Nephew Competition India, Wound Care Products Market Segmentation, Tapes and Bandages Market Size, Disinfectants Market in India, Advanced wound care Industry, Wound Care Markets Skin Ulcer Treatment, Burn Treatment,
Bioactive Wound Care Market Analysis, Collagen Dressing Wound Care Products Market, Asia Wound Management Market, Wound Care Market Size, Wound Care Market Share, Wound Care Market Trends and Forecasts,
Standalone, single-use and portable NPWT devices are available in the market. Commercially available NPWT systems are very expensive are not available in most rural areas of the country.
Topics Covered in The Report
- Wound Care Market,
- Wound Management Market Share ,
- Market Growth Wound Care,
- Advanced Wound Care Market Trends,
- Market Developments Collagen,
- Market Research Report Wound Care,
- Johnson and Johnson Market Share ,
- Smith and Nephew Competition India,
- Wound Care Products Market Segmentation,
- Tapes and Bandages Market Size,
- Disinfectants Market in India,
- Advanced wound care Industry,
- Wound Care Markets Skin Ulcer Treatment, Burn Treatment,
- Bioactive Wound Care Market Analysis,
- Collagen Dressing Wound Care Products Market,
- Asia Wound Management Market,
- Wound Care Market Size,
- Wound Care Market Share,
- Wound Care Market Trends and Forecasts,
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