Wound Care Market In India

India’s wound care market has grown manifold in recent years due to the high incidence of both acute and chronic wound conditions. Rising incidence of diabetes, venous leg ulcers, as well as other chronic conditions, add majorly to the burden of chronic wounds significantly. The growing middle class with higher awareness and disposable income, the increasing geriatric population, and the number of surgeries are the major growth drivers. Therefore, the need for effective wound management solutions is gaining more acceptance with each passing day. The wound care market in India is highly attractive in terms of its sheer size and volumes, thus several multinationals & Indian players are competing to gain market share. In this newsletter, we shall assess the overall wound care market, major segments, and adaptation of advanced wound products.

The CAGR of 12% of the total wound care market makes it an attractive playing field for the MNCs & Indian players.

The traditional methods to manage the wounds such as cotton gauzes & pads are still the most popular due to their low cost and widespread availability. Advanced wound dressings have been gaining traction due to clinical evidence-based products with reduced wound healing time and shorter hospital stays. However, their penetration is still low due to higher cost and availability being limited to Metros/Tier-1 cities.

Negative pressure wound therapies (NPWT) and active therapies such as Platelet-derived factors and dermal matrix etc, are also very effective in chronic wound management. The adoption of these technologically advanced solutions has increased a lot in specialized wound clinics and tertiary care hospitals including key Government centres.

The high volume of both acute and chronic wounds in India is driving the adoption level of advanced wound care methods significantly.

With 1Lattice comprehensive 1Insight market assessment and sizing, we can provide data-driven actionable insights to the healthcare organizations active in this segment. We can provide city tier-wise market attractiveness and therapy adaption rates.

Further granularity such as therapy-wise AWC adaption rates and much more is possible through our robust methodology and advanced analytical tools.

09 Nov 2023

Wound Care Market In India

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