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India Wound Care Management Devices Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)
The Indian Wound Care Management Devices Market is Segmented by Product and Wound Type (Chronic Wound and Acute Wound)
- ABOUT THIS REPORT
- Market Snapshot
- Market Overview
- Scope of the Report
- Key Market Trends
- Competitive Landscape
- Major Players
- TABLE OF CONTENTS
Market Snapshot
Study Period:
2018 - 2026
Base Year:
2020
CAGR:
6.2 %
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Market Overview
The wound care management devices market in India is expected to grow due to the increasing incidences of chronic wounds, ulcers, and diabetic ulcers. There is also an increasing prevalence of diabetes, which is the primary cause of diabetic foot ulcer in India.
The number of diabetic patients is also expected to increase, with the increasing geriatric population, which, in turn, will drive the growth of the wound care management devices market over the forecast period. This can have a major impact, as the recovery period of injuries is delayed among the geriatric population. This will also positively affect the Indian wound care management devices market. Hence, all these factors have been aiding the growth of the wound care management devices market in India.
Scope of the Report
As per the scope of the report, wound management products are majorly used to treat complex wounds. Wounds and injuries are common afflictions that affect billions of people, worldwide. The products are highly resistant to environmental inhibitors and foreign particles, and are used by a nurse under the physician’s orders and supervision, for various reasons. Therefore, the rising risk factors and the need for cost-efficient treatments are driving the need for better wound care products.
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Key Market Trends
Application in Diabetic Foot Ulcer is Expected to Dominate the Market
Wound dressings represent a part of the management of diabetic foot ulceration. Each category of dressings has particular characteristics that aid selection. All dressings require frequent change for wound inspection. Heavily exudating ulcers like diabetic foot ulcer require a frequent change to reduce maceration of surrounding skin.
The prevalence of diabetic foot ulcer directly relates to the increasing prevalence of diabetes in India. The probability of incidence of diabetic ulcer in a diabetes patient lifetime is very high, Moreover, some reports have suggested that the prevalence of diabetes has increased in India over the past few decades. Therefore with the increasing of the diabetic population, there is an increase in the prevalence of diabetic foot ulcer as well. Hence, this will increase the demand for diabetes foot ulcer wound care management devices, which, in turn, will help the growth of the wound care management devices market in India.
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Competitive Landscape
India is a developing country. As result, there is an increasing demand for wound care management devices. This has, in turn, helped in the growth of the wound care management devices market. This has made the market more lucrative. This will encourage the global players to make their presence felt in India.
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Table Of Contents
1. INTRODUCTION
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Increasing Incidences of Chronic Wounds, Ulcers, and Diabetic Ulcers
4.2.2 Increase in the Volume of Surgical Procedures, Worldwide
4.3 Market Restraints
4.3.1 Lack of Awareness Regarding Advanced Wound Care
4.3.2 High Treatment Costs
4.4 Porter's Five Forces Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 By Product
5.1.1 Wound Care
5.1.1.1 Dressings
5.1.1.2 Bandages
5.1.1.3 Other Wound Care Products
5.1.2 Wound Closure
5.2 By Wound Type
5.2.1 Chronic Wound
5.2.1.1 Diabetic Foot Ulcer
5.2.1.2 Pressure Ulcer
5.2.1.3 Other Chronic Wounds
5.2.2 Acute Wound
5.2.2.1 Surgical Wounds
5.2.2.2 Burns
5.2.2.3 Other Acute Wounds
6. COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 3M Company
6.1.2 B. Braun Melsungen AG
6.1.3 Cardinal Health Inc.
6.1.4 Coloplast A/S
6.1.5 ConvaTec Group PLC
6.1.6 Integra Lifesciences
6.1.7 Medtronic PLC
6.1.8 Molnlycke Health Care
6.1.9 Paul Hartmann AG
6.1.10 Smith & Nephew
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
*List Not Exhaustive
**Competitive Landscape covers- Business Overview, Financials, Products and Strategies and Recent Developments
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