Market Research Report Wound Care Market,Wound Management Market Share ,A | Page 14

August 2017
India Wound Care Market Outlook to 2022
wound management and comprised for highest market share in the advanced
wound care device segment, as of FY’2017. Pressure relief devices and hyperbaric
oxygen therapy devices had comparatively lower adoption due to superior
effectiveness of NPWT. Several other advanced wound care devices including
electrical stimulation devices, electromagnetic stimulation devices, ultrasound mist
devices and many more are still new to the Indian market and currently had very
low penetration.
Competitive Landscape: The wound care market in India is still in its growth phase
and is quite a fragmented one characterized by the presence of several
manufacturers and fierce competition existing between them. Johnson and Johnson
emerged as the market leader in this space, in terms of revenue. Smith and Nephew
and Datt Mediproducts were the next two leading companies. These companies had
strong product portfolio along with strong distribution systems and promotion
strategies that enabled them to keep hold of their market share.
Future Outlook: India wound care market has been mainly driven by technological
advances, increasing aging population, problems associated with ineffective
traditional wound healing methods and growing incidences of chronic and acute
wounds. Rising prevalence of diabetes, attempts to lower the duration of hospital
stay in order to reduce the healthcare expenses and the growing inclination towards
products that enhance therapeutic outcomes are also driving the demand for the
advanced wound care products. India has fast become a global health destination,
with the medical tourism industry growing at 30% every year. Over 26 million
surgeries were performed in the country in 2016 and reportedly the country’s need
for surgeries stood at around 65 million. Hence, with increase in number of hospital
and specialized doctors, the number of surgeries performed in the country is going
to incline at a steady pace. All these factors would result in greater demand for
wound care products and the market is expected to grow at a CAGR of 20.3% during
the period FY’2017-FY’2022.
Key Topics Covered in the Report:
 India Wound Care Market Size, FY’2012-FY’2017
 India Wound Care Market Segmentation By Type of Wound Care, By Type of
Traditional Wound Care Products, By Type of Advanced Wound Care
Products, By Type of Advanced Wound Care Dressings, By Type of
Advanced Wound Care Devices, By Type of Surgical Wound Care Products,
 India Wound Care Market Segmentation by distribution channel, FY’2017
 India Wound Care Market Segmentation by Demand by Cities, FY’2012-
FY’2017