INR Billion
FY ' 2012 FY ' 2013 FY ' 2014 FY ' 2015 FY ' 2016 FY ' 2017
August 2017 India Wound Care Market Outlook to 2022
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WHAT IS THE SCENARIO OF WOUND CARE MARKET IN INDIA ?
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 . 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 .
Figure : India Wound Care Market Size by Revenues in INR Million , FY ’ 2012- FY ’ 2017
7,000.00 6,000.00 5,000.00 4,000.00 3,000.00 2,000.00 1,000.00
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