India Advanced Wound Care Market Size and Forecast (2018-2028)
Description
Executive Summary
The wound care market in India is experiencing significant growth, driven by factors such as the rising prevalence of chronic wounds, an aging population, and an increasing number of surgical procedures. Additionally, the growing awareness about advanced wound care products and the availability of innovative treatment options are contributing to the market's expansion. With a focus on improving patient outcomes and reducing healthcare costs, the Indian wound care market is witnessing a shift towards advanced wound care products and therapies. This report provides an in-depth analysis of the market dynamics, trends, challenges, and opportunities shaping the future of wound care in India.
In 2022, the wound care sector accounted for significant share of the total medical consumables market, and experiencing more than 9% year-on-year growth. Traditional wound dressings like cotton gauze remain dominant in this market. However, the advanced wound care segment in India lags behind other emerging markets due to limited availability and higher prices of these products, which are mostly supplied by multinational companies. Smith & Nephew, 3M, and Johnson and Johnson are the key players in the advanced wound dressings market, collectively holding a significant market share. While these products are widely used in Tier-1 cities, their adoption in Tier-2 cities and beyond is still low.
As per the Economic Survey of 2022-23, the government's budgeted expenditure in the healthcare sector has increased to nearly 2.1% of GDP in FY23 from 2.2% in FY22, compared to 1.6% in FY21. The survey also highlights a rise in the proportion of healthcare service expenditure, increasing from in FY19 to 26% in FY23. Initiatives like Ayushman Bharat and various state government schemes are playing a pivotal role in expanding insurance coverage for surgical procedures, thereby improving access to healthcare services in both public and private sectors.
India Wound Care Market: By Application
The wound care market in India is currently in its early stages, characterized by intense competition among numerous manufacturers striving for market dominance. The market is divided into traditional and advanced wound care products, with the advanced category including moist, antimicrobial, and interactive dressings. Globally, the advanced segment has gained significant traction due to its widespread use and enhanced product efficacy.
While traditional wound dressing holds the largest share in terms of both volume and value, the increasing uptake of advanced wound care dressings in India indicates that the revenue from advanced wound care is set to surpass that of traditional wound care in the coming years. However, traditional wound care continues to lead in volume sales, highlighting its widespread adoption across the country.
Conventional wound care remains the preferred treatment method in India due to its cost-effectiveness. Despite offering fewer benefits compared to advanced wound care products, traditional methods such as cotton, gauge pads, gauze rolls, and bandages are widely used due to their affordability. These products are highly favored in medical institutions, clinics, and among consumers.
Future Outlook of India Wound Care Market
The future outlook for the Indian wound care market suggests that it has the potential to emerge as a global leader in both production and innovation. To achieve this, policymakers in India are being advised to develop a strategy aimed at reducing the country's dependence on imported technology and medical equipment. The recently introduced National Medical Devices Policy 2023 is expected to play a crucial role in this regard, with the aim of boosting the medical devices sector's growth from the current USD 11 billion to USD 50 billion by 2030 with a CAGR of 6.1% in the forecasted period. A collaborative study by KPMG, Invest India, and the Asia Pacific Medical Technology Association (APACMed) outlines key factors for achieving this growth, including establishing a predictable regulatory environment, harmonizing quality standards, adopting a favorable public procurement policy, creating a robust supplier ecosystem and skilled talent pool, and positioning "brand India" as a global hub for medical device manufacturing and innovation.
Scope of India Wound Care
The scope of work involves conducting a detailed analysis of the wound care market in India. This includes examining market trends, growth drivers, challenges, and opportunities. The report offers a detailed analysis of key players in the Indian wound care market which covers the following companies Ramaraju Surgical Cotton Mills Limited, Smith+Nephew Associated Companies Limited, 3M Company Limited, Medline Industries Limited, Baxter International Incorporation, Medicare Hygiene Limited, Sundaram Surgical, Cardinal Health Incorporation, KS Surgical Private Limited, Johnson & Johnson. The study will cover market segmentation, regulatory environment, technology trends, and market opportunities. The deliverables include a comprehensive report, executive summary, presentation for stakeholders, and data illustrations.
Key areas discussed in the report:
Medical Consumables
• What is the market size of the wound care segment in India's Medical Device & Consumables Industry?
• How has India's market for wound care products evolved recently?
• What are the main drivers and challenges in India's wound care market growth?
• How is the market divided between Advanced and Traditional Wound Care Products?
• What are the major types and market shares of Advanced Wound Care Products in India?
• How do Traditional Wound Care Products perform in terms of market size and growth compared to Advanced Wound Care Products?
• What are the trends in adopting Advanced versus Traditional Wound Care Products in India?
• How does the regulatory environment affect the wound care products sector in India?
• Who are the key players in India's wound care market and what are their strategies?
• What are the future growth and innovation opportunities in India's wound care market?
The wound care market in India is experiencing significant growth, driven by factors such as the rising prevalence of chronic wounds, an aging population, and an increasing number of surgical procedures. Additionally, the growing awareness about advanced wound care products and the availability of innovative treatment options are contributing to the market's expansion. With a focus on improving patient outcomes and reducing healthcare costs, the Indian wound care market is witnessing a shift towards advanced wound care products and therapies. This report provides an in-depth analysis of the market dynamics, trends, challenges, and opportunities shaping the future of wound care in India.
In 2022, the wound care sector accounted for significant share of the total medical consumables market, and experiencing more than 9% year-on-year growth. Traditional wound dressings like cotton gauze remain dominant in this market. However, the advanced wound care segment in India lags behind other emerging markets due to limited availability and higher prices of these products, which are mostly supplied by multinational companies. Smith & Nephew, 3M, and Johnson and Johnson are the key players in the advanced wound dressings market, collectively holding a significant market share. While these products are widely used in Tier-1 cities, their adoption in Tier-2 cities and beyond is still low.
As per the Economic Survey of 2022-23, the government's budgeted expenditure in the healthcare sector has increased to nearly 2.1% of GDP in FY23 from 2.2% in FY22, compared to 1.6% in FY21. The survey also highlights a rise in the proportion of healthcare service expenditure, increasing from in FY19 to 26% in FY23. Initiatives like Ayushman Bharat and various state government schemes are playing a pivotal role in expanding insurance coverage for surgical procedures, thereby improving access to healthcare services in both public and private sectors.
India Wound Care Market: By Application
The wound care market in India is currently in its early stages, characterized by intense competition among numerous manufacturers striving for market dominance. The market is divided into traditional and advanced wound care products, with the advanced category including moist, antimicrobial, and interactive dressings. Globally, the advanced segment has gained significant traction due to its widespread use and enhanced product efficacy.
While traditional wound dressing holds the largest share in terms of both volume and value, the increasing uptake of advanced wound care dressings in India indicates that the revenue from advanced wound care is set to surpass that of traditional wound care in the coming years. However, traditional wound care continues to lead in volume sales, highlighting its widespread adoption across the country.
Conventional wound care remains the preferred treatment method in India due to its cost-effectiveness. Despite offering fewer benefits compared to advanced wound care products, traditional methods such as cotton, gauge pads, gauze rolls, and bandages are widely used due to their affordability. These products are highly favored in medical institutions, clinics, and among consumers.
Future Outlook of India Wound Care Market
The future outlook for the Indian wound care market suggests that it has the potential to emerge as a global leader in both production and innovation. To achieve this, policymakers in India are being advised to develop a strategy aimed at reducing the country's dependence on imported technology and medical equipment. The recently introduced National Medical Devices Policy 2023 is expected to play a crucial role in this regard, with the aim of boosting the medical devices sector's growth from the current USD 11 billion to USD 50 billion by 2030 with a CAGR of 6.1% in the forecasted period. A collaborative study by KPMG, Invest India, and the Asia Pacific Medical Technology Association (APACMed) outlines key factors for achieving this growth, including establishing a predictable regulatory environment, harmonizing quality standards, adopting a favorable public procurement policy, creating a robust supplier ecosystem and skilled talent pool, and positioning "brand India" as a global hub for medical device manufacturing and innovation.
Scope of India Wound Care
The scope of work involves conducting a detailed analysis of the wound care market in India. This includes examining market trends, growth drivers, challenges, and opportunities. The report offers a detailed analysis of key players in the Indian wound care market which covers the following companies Ramaraju Surgical Cotton Mills Limited, Smith+Nephew Associated Companies Limited, 3M Company Limited, Medline Industries Limited, Baxter International Incorporation, Medicare Hygiene Limited, Sundaram Surgical, Cardinal Health Incorporation, KS Surgical Private Limited, Johnson & Johnson. The study will cover market segmentation, regulatory environment, technology trends, and market opportunities. The deliverables include a comprehensive report, executive summary, presentation for stakeholders, and data illustrations.
Key areas discussed in the report:
Medical Consumables
- Wound care
- Wound closure
- Surgical gloves
- Traditional Wound Care
- Advance Wound care
- Adhesive Foam Dressing
- Chlorhexidine Gauze Dressing
- Film Dressing
- Hydrogel
- Collagen
- Clean Wound
- Trauma Wound
- Infacted Wounds
- Ramaraju Surgical Cotton Mills Limited
- Smith+Nephew Associated Companies Limited
- 3M Company Limited
- Medline Industries Limited
- Baxter International Incorporation
- Medicare Hygiene Limited
- Sundaram Surgical
- Cardinal Health Incorporation
- KS Surgical Private Limited
- Johnson & Johnson
• What is the market size of the wound care segment in India's Medical Device & Consumables Industry?
• How has India's market for wound care products evolved recently?
• What are the main drivers and challenges in India's wound care market growth?
• How is the market divided between Advanced and Traditional Wound Care Products?
• What are the major types and market shares of Advanced Wound Care Products in India?
• How do Traditional Wound Care Products perform in terms of market size and growth compared to Advanced Wound Care Products?
• What are the trends in adopting Advanced versus Traditional Wound Care Products in India?
• How does the regulatory environment affect the wound care products sector in India?
• Who are the key players in India's wound care market and what are their strategies?
• What are the future growth and innovation opportunities in India's wound care market?
Table of Contents
100 Pages
- Report Synopsis
- Market Definitions
- Antibacterial Dressing: Wound Types, Usage and Consideration
- Protective Dressing: Wound Types, Usage and Consideration
- Absorbent and Debriding Dressing: Wound Types, Usage and Consideration
- 1. Research Methodology
- 1.1. Research Process
- 1.2. Data Collection Methods
- 1.3. Analytical Framework
- 2. Hospital Infrastructure in India
- 2.1. India Hospital Infrastructure : An Overview
- 2.2. India Hospital Infrastructure : Expenditure Breakdown
- 3. India Medical Devices & Consumables Industry
- 3.1. India Medical Device and Consumables Industry Structure
- 3.2. Manufacturing Ecosystem for Medical Devices & Consumables
- 3.3. India Medical Devices and Consumables Industry: An Overview
- 3.3.1. India Medical Devices and Consumables: Imports
- 3.3.2. India Medical Devices and Consumables: Exports
- 3.4. India Medical Devices and Consumables Industry: Segmentation
- 3.4.1. India Medical Consumables Industry Segmentation: WoundCare, Wound Closure, Surgical Gloves
- 4. Exploring the India Wound Care Market
- 4.1. India Wound Care Market: Supply Chain
- 4.2. Essential Characteristics of Ideal Wound Dressing for EffectiveWound Care
- 4.3. Drivers of Wound Care Market
- 4.4. India Wound Care Market Revenue: Past & Present Analysis
- 5. India Wound Care Market Segmentation
- 5.1. India Wound Care Market: By Application
- 5.2. Traditional Wound Care Market: Demand of Absorbent Cotton
- 5.3. Surgical Cotton Gauze Cluster Zone at Chatrapatti (Tamilnadu)
- 5.4. Annual Turnover of Surgical Cotton Gauze Cluster at Chatrapatti(Tamilnadu)
- 5.5. Advanced Wound Care Market: An Overview
- 5.5.1. India Advanced Wound Care Market: Product Types
- 5.5.2. Application of Various Types of Gauzes in India
- 5.5.3. Pricing of Different Types of Dressing
- 5.5.3.1. Pricing of Hydrogel Dressing
- 5.5.3.2. Pricing of Hydrocolloid Dressing
- 6. India Wound Care Market: Future Outlook
- 6.1. India Medical Consumables Market Growth Outlook
- 6.2. India Wound Care Market Revenue Forecast
- 6.2.1. India Advance Wound Dressing Market Scenario Analysis – Best Case Scenario
- 6.2.2. India Advance Wound Care Market Scenario Analysis – Moderate Case Scenario
- 6.2.3. India Advance Wound Dressing Market Scenario Analysis – Worst Case Scenario
- 6.3. Opportunities for Hydrogel Dressing in India
- 7. Company Profiles
- 7.1. Company Profile: Ramaraju Surgical Cotton Mills Limited
- 7.2. Company Profile: Smith+Nephew Associated Companies Limited
- 7.3. Company Profile: 3M Company Limited
- 7.4. Company Profile: Medline Industries Limited
- 7.5. Company Profile: Baxter International Incorporation
- 7.6. Company Profile: Medicare Hygiene Limited
- 7.7. Company Profile: Sundaram Surgical
- 7.8. Company Profile: Medilivescare Manufacturing Private Limited
- 7.9. Company Profile: Cardinal Health Incorporation
- 7.10. Company Profile: KS Surgical Private Limited
- 7.11. Company Profile: Johnson & Johnson
- 8. Analyst Recommendations
Pricing
Currency Rates
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