“India has become one of the leading destinations for high-end healthcare services with tremendous capital investment for advanced medical facilities and also offers vast opportunities in R&D as well as medical tourism which have positively impacted the medical consumable Industry of India.”
The report titled “India Medical Consumables Market Outlook to 2023 – Driven by Surge in adoption of Innovative Medical consumable products coupled with Rising Outpatient Revenue” by Ken Research recommends that the companies operating in medical device market of India can expand their market share and increase revenue generated by increasing awareness among the consumers, increasing investments in the R&D, adopting advanced and innovative medical consumable products, improvement in the marketing strategies, provide training to the sales executives and others. The market is expected to register a positive CAGR of 11.6% in terms of revenue during the forecast period 2018P-2023E.
Increased awareness regarding treatment of chronic and acute wounds: Over the years, India has witnessed an increase in the awareness regarding treatment of chronic and acute wounds such as diabetes, mellitus, atherosclerosis, tuberculosis and leprosy. Both chronic and acute wounds cases have inclined by 3-4% annually in the last five years. In accordance with India Heart Association, India accounts for 60.0% of the world’s heart disease which have been increasing over the years. The country also witnessed about 65 million diabetes patients, and about 80% of those cases are caused by obesity. The dengue cases in India increased from 60,000 in 2009 to 188,401 in 2017 as reported by National Vector Borne Disease Control Programme. Whereas, according to the Union Health Ministry the number of dengue case observed in 2018 (up till September) was around 40,000.
Emergence of Domestic and International Companies: Owing to the increasing health issues in the country, opportunities for the medical device and consumable companies have increased over the years. Factors such as rising population, low cost manufacturing, minimal entry barrier and others have lead to the entrance of both the international and domestic companies in India. Each product category in the market has an extensive list of manufacturing companies which includes both international and domestic companies.
Rising Government Initiatives: Government initiatives such as National Rural Health Mission, National Urban Health Mission, Ayushman Bharat Yojna, Make in India and others have contributed for the development of medical consumables market in India. Make in India initiative was launched by the Government of India in the year 2014 to encourage companies to manufacture their products and to boost entrepreneurship in India, not only in the manufacturing sector but also other sectors. The government’s flagship scheme Ayushman Bharat PMJAY, in its first year managed to empanel over 15,000 hospitals and has already benefitted over 27 lakh patients in India. The Ayushman Bharat scheme is expected to grow the health insurance market in India.
Key Segments Covered:-
By Type of Business Activity:
Local Production
Import
By Mode of selling:
Distributor Mediated
Direct Sales
By Type of Medical Consumables:
Wound care:
Traditional Wound Care:
Gauze
Dressing
Tape and Bandage
Compression Bandage and Plasters
Advanced Wound Care
Dressings:
Advanced Silver Dressings
Foam
Collagen
Hydrocolloid
Alginate
Devices:
Negative Pressure Wound Therapy
Pressure Relief
Hyberbaric
Syringes
Sutures:
Absorbable:
Synthetic
Catgut
Non -Absorbable
Catheters:
Urinry and PI
Cardiovascular catheter
Haemodialysis Catheter
Others
IV Cannula
IV Set
Blood Bags:
Single Bags
Multiple Bags:
Double Bags
Triple Bags
Quadruple Bags
Inline Filter Bags
Ostomy
Needle
Others:-
HME
Endotracheal Tubes
Tracheostomy Tubes
By Type of Material Used For Wound Care Market:-
Glass
Plastic
Textile
By End users:-
Hospitals
Clinics and dispensaries
Others
By Region:-
South
North
West
East
Key Target Audience:-
Medical Consumable Manufacturers
Raw Material Suppliers
Medical Consumables Distributors
Ministry Of Health
Venture Capitalist
Time Period Captured in the Report:-
Historical Period – 2013-2018
Forecast Period – 2019-2023E
Major Companies Covered:-
Hindustan Syringes & Medical Devices Limited
Poly Medicure
Datt Mediproducts Pvt. Ltd.
Sutures India
Romson Group
Becton Dickinson India Pvt. Ltd
B Braun Medical India Pvt. Ltd
Coloplast India Pvt. Ltd
BSN Medical Pvt. Ltd
Terumo Penpol India Pvt. Ltd
Other Players
India Medtronic Pvt. Ltd
Hollister Incorporated
Vygon
Smiths Medical India Pvt. Ltd
Triage Meditech Pvt. Ltd
Fresenius Medical Care India Pvt. Ltd.
Meril Life Sciences India Pvt. Ltd
Teleflex Medical
Lotus Surgical
Centenial Surgicals
Global Medikit
Hemant Surgicals
Peter Surgicals
Convatech
3M
Smith and Nephew Healthcare Pvt. Ltd
Keywords:-
India Medical Consumables Market
India Medical Consumables Market Revenue
India Medical Consumables Market Sales
India Plastic Wound Care Market
India Textile Wound Care Market
Major Blood Banks in India
India Medical Devices Market
India Syringe Market Revenue
India Catheters Market Analysis
India Blood Bag Market
India Epidural Catheter Market
India HME Filter Market
India Gauze Market Size
India Foam Market Size
India Hyberbaric Market
India Single Blood Bag Market
For more information on the research report, refer to below link:-
India Medical Consumables Market
Related Reports:-
Contact Us:-
Ken Research
Ankur Gupta, Head Marketing & Communications
Sales@kenresearch.com
+91-9015378249
