The wound care market in India is witnessing significant growth, buoyed by factors such as the escalating prevalence of chronic wounds, a burgeoning aging population, and a surge in surgical procedures. Moreover, heightened awareness regarding advanced wound care products and the advent of innovative treatment modalities are fueling the market's expansion trajectory. With a paramount focus on enhancing patient outcomes while curbing healthcare expenditures, India's wound care sector is transitioning towards advanced products and therapies. This comprehensive report delves into the intricate dynamics, prevailing trends, formidable challenges, and promising opportunities that delineate the future landscape of wound care in India.
In 2022, the wound care sector constituted a substantial proportion of the overall medical consumables market, experiencing a commendable year-on-year growth rate exceeding 9%. Notably, conventional wound dressings like cotton gauze retain their dominance within this market segment. However, the advanced wound care segment in India trails behind its counterparts in emerging markets, primarily due to the constrained availability and relatively higher prices of these products, which are predominantly supplied by multinational corporations. Key players such as Smith & Nephew, 3M, and Johnson & Johnson command a significant market share in the advanced wound dressings sector. Although extensively utilized in Tier-1 cities, the adoption of these products in Tier-2 cities and beyond remains modest.
According to the Economic Survey of 2022–23, the government's allocated expenditure in the healthcare domain has surged to nearly 2.1% of GDP in FY23 from 2.2% in FY22, marking a notable uptick from the 1.6% recorded in FY21. The survey further underscores the escalating proportion of healthcare service expenditure, escalating from 26% in FY19 to 26% in FY23. Initiatives like Ayushman Bharat and various state-led healthcare schemes are instrumental in broadening insurance coverage for surgical procedures, thereby enhancing healthcare accessibility across both the public and private sectors.
Surgical Gloves demand in India
The demand for surgical gloves in India is propelled by a significant volume of consumption, with surgeons typically utilizing 12–15 pairs during each surgery, necessitating adherence to higher quality standards compared to standard examination gloves. This market is primarily dominated by domestic companies, owing to price sensitivity. Recently, Healthium introduced India's first domestically manufactured anti-microbial gloves, incorporating non-leaching anti-microbial technology aimed at enhancing the safety of both patients and healthcare professionals by preventing infections. This innovation addresses a crucial need in India's healthcare landscape, contributing to the overall advancement of wound care practices in the country.
India Wound Care Market: By Application
The wound care market in India is currently witnessing a transformative phase, marked by fierce competition among numerous manufacturers vying for market dominance. This market is distinctly categorized into traditional and advanced wound care products, with the latter encompassing moist, antimicrobial, and interactive dressings. Globally, the advanced segment has garnered substantial momentum owing to its widespread adoption and superior product efficacy.
Although traditional wound dressing commands the largest share in both volume and value, the escalating adoption of advanced wound care dressings in India suggests that revenue from advanced wound care is poised to exceed that of traditional wound care in the foreseeable future. However, traditional wound care maintains its lead in volume sales, underscoring its extensive usage nationwide.
Conventional wound care methods remain the preferred treatment approach in India primarily due to their cost-effectiveness. Despite offering fewer advantages compared to advanced wound care products, traditional methods such as cotton, gauge pads, gauze rolls, and bandages are widely embraced owing to their affordability. These products enjoy significant preference in medical institutions, clinics, and among consumers.
India's medical cotton market, wound bandage market, gauge pads market, gauze rolls market, and surgical gloves market are integral components of the country's healthcare landscape. With the evolving dynamics of the wound care sector, the market size, analysis, and share of wound care products, along with the major players and growth trends, are pivotal factors shaping India's wound care industry. Additionally, the biomaterial wound dressing market in India is poised for significant growth, further augmenting the country's wound care landscape.
Future Outlook of Wound Care Market in India
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 Industry
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, and Johnson & Johnson. The study will cover market segmentation, the regulatory environment, technology trends, and market opportunities. The deliverables include a comprehensive report, an executive summary, a presentation for stakeholders, and data illustrations.
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
Infected 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 Content
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
1.1. Research Process
1.2. Data Collection Methods
1.3. Analytical Framework
2.1. India Hospital Infrastructure: An Overview
2.2. India Hospital Infrastructure: Expenditure Breakdown
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: Wound Care, Wound Closure, Surgical Gloves
4.1. India Wound Care Market: Supply Chain
4.2. Essential Characteristics of Ideal Wound Dressing for Effective Wound Care
4.3. Drivers of Wound Care Market
4.4. India Wound Care Market Revenue: Past & Present Analysis
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
6.1. 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
7.1. 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