Product Code: ETC353784 | Publication Date: Aug 2023 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
The India wound dressings market import shipment experienced a negative CAGR from 2020 to 2024. However, there was a significant spike in growth between 2023 and 2024. Overall, the market showed signs of stabilization with a notable uptick in momentum towards the end of the period.
The wound dressings market in India is projected to grow at the CAGR of 7.9% and reach USD 99 million. The major factors driving this growth include increasing prevalence of diabetic foot ulcers, rising number of burn injuries and road accidents, and growing geriatric population across India.
The wound dressings market in India is witnessing significant growth due to the increasing number of surgeries, road accidents, and chronic wounds. The rising diabetic population is another factor driving the demand for wound dressings, as diabetics are prone to slow-healing wounds. Furthermore, advancements in wound dressing materials and technology, including the adoption of antimicrobial dressings and bioactive dressings, have boosted the market`s expansion.
In the wound dressings market, a major challenge is the need for cost-effective solutions that cater to the diverse healthcare needs of the India population. While advanced wound dressings offer numerous benefits, their higher cost can be a hindrance, especially for patients from economically disadvantaged backgrounds. Educating healthcare providers and patients about the appropriate use and benefits of different types of wound dressings is essential to ensure optimal outcomes. Furthermore, ensuring a seamless supply chain for wound dressings across all healthcare facilities, including rural areas, is a logistical challenge that needs to be addressed.
The wound dressings market in India saw fluctuations during the COVID-19 pandemic. The increased focus on healthcare preparedness and infection control measures led to a surge in demand for wound dressings, especially in treating COVID-19 patients and managing chronic wounds. However, disruptions in the healthcare supply chain and restrictions on non-essential medical procedures impacted the overall market demand. The increased use of telemedicine and remote wound care solutions also influenced the demand patterns. As the healthcare sector reestablishes routine services and patient volumes normalize, the wound dressings market is expected to witness steady growth.
The India Wound Dressings Market is served by leading medical companies offering a wide range of wound dressing products. These key players provide various dressing materials, including advanced wound dressings such as foams, hydrocolloids, and films, for effective wound management. Some of the major players in this market include Smith & Nephew Healthcare Pvt. Ltd., 3M India Limited, B. Braun Medical (India) Pvt. Ltd., Johnson & Johnson Pvt. Ltd., Convatec India Pvt. Ltd., Medline India, DeRoyal India Pvt. Ltd., Coloplast India Pvt. Ltd., Molnlycke Health Care Pvt. Ltd., and DermaRite Industries, LLC. These companies are at the forefront of innovation, continuously introducing new wound dressing technologies to address the evolving healthcare needs in India.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Wound Dressings Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Wound Dressings Market Revenues & Volume, 2021 & 2031F |
3.3 India Wound Dressings Market - Industry Life Cycle |
3.4 India Wound Dressings Market - Porter's Five Forces |
3.5 India Wound Dressings Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 India Wound Dressings Market Revenues & Volume Share, By Wound Type, 2021 & 2031F |
3.7 India Wound Dressings Market Revenues & Volume Share, By End User, 2021 & 2031F |
4 India Wound Dressings Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing prevalence of chronic wounds and diabetic ulcers in India |
4.2.2 Growing geriatric population leading to higher demand for wound care products |
4.2.3 Technological advancements in wound dressings improving effectiveness and healing outcomes |
4.3 Market Restraints |
4.3.1 Lack of awareness and education among healthcare professionals and patients about advanced wound care products |
4.3.2 Price sensitivity among consumers hindering adoption of expensive wound dressings |
4.3.3 Limited reimbursement policies for wound care products affecting market penetration |
5 India Wound Dressings Market Trends |
6 India Wound Dressings Market, By Types |
6.1 India Wound Dressings Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 India Wound Dressings Market Revenues & Volume, By Type, 2021-2031F |
6.1.3 India Wound Dressings Market Revenues & Volume, By Advanced Wound Dressings, 2021-2031F |
6.1.4 India Wound Dressings Market Revenues & Volume, By Traditional Wound Dressings, 2021-2031F |
6.2 India Wound Dressings Market, By Wound Type |
6.2.1 Overview and Analysis |
6.2.2 India Wound Dressings Market Revenues & Volume, By Surgical and Traumatic Wounds, 2021-2031F |
6.2.3 India Wound Dressings Market Revenues & Volume, By Diabetic Foot Ulcers, 2021-2031F |
6.2.4 India Wound Dressings Market Revenues & Volume, By Pressure Ulcers, 2021-2031F |
6.2.5 India Wound Dressings Market Revenues & Volume, By Venous Leg Ulcers, 2021-2031F |
6.2.6 India Wound Dressings Market Revenues & Volume, By Burns and Other Wounds, 2021-2031F |
6.3 India Wound Dressings Market, By End User |
6.3.1 Overview and Analysis |
6.3.2 India Wound Dressings Market Revenues & Volume, By Hospitals, ASCs, and Clinics, 2021-2031F |
6.3.3 India Wound Dressings Market Revenues & Volume, By Home Care Settings, 2021-2031F |
6.3.4 India Wound Dressings Market Revenues & Volume, By Other End Users, 2021-2031F |
7 India Wound Dressings Market Import-Export Trade Statistics |
7.1 India Wound Dressings Market Export to Major Countries |
7.2 India Wound Dressings Market Imports from Major Countries |
8 India Wound Dressings Market Key Performance Indicators |
8.1 Average healing time of wounds using advanced wound dressings |
8.2 Rate of adoption of advanced wound dressings in hospitals and clinics |
8.3 Number of research and development initiatives focusing on innovative wound care solutions |
8.4 Percentage of healthcare professionals trained in the use of advanced wound dressings |
8.5 Patient satisfaction and reported outcomes with the use of wound dressings |
9 India Wound Dressings Market - Opportunity Assessment |
9.1 India Wound Dressings Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 India Wound Dressings Market Opportunity Assessment, By Wound Type, 2021 & 2031F |
9.3 India Wound Dressings Market Opportunity Assessment, By End User, 2021 & 2031F |
10 India Wound Dressings Market - Competitive Landscape |
10.1 India Wound Dressings Market Revenue Share, By Companies, 2024 |
10.2 India Wound Dressings Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |