Market Size of India Wound Care Management Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 261 Million |
| Market Size (2029) | USD 373.40 Million |
| CAGR (2024 - 2029) | 6.20 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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India Wound Care Management Market Analysis
The India Wound Care Management Market size is estimated at USD 261 million in 2024, and is expected to reach USD 373.40 million by 2029, growing at a CAGR of 6.20% during the forecast period (2024-2029).
India's wound care management market is expected to grow due to the increasing incidences of chronic wounds, ulcers, and diabetic ulcers. There is also a rising prevalence of diabetes, which is the primary cause of diabetic foot ulcers in India.
The rising prevalence of diabetes in the country is expected to increase the number of patients suffering from diabetic ulcers, which would raise the demand for wound care products, driving the market over the forecast period. For instance, according to the Indian Council of Medical Research–India Diabetes (ICMR-INDIAB) study published in the Lancet Diabetes and Endocrinology in June 2023, there were around 101 million diabetic patients in India in 2023. Therefore, the significant prevalence of diabetes patients who are more prone to getting ulcers is expected to boost the market’s growth over the forecast period.
Injuries associated with other sports in the country are anticipated to boost the growth of the wound care management market further. According to a study published in the International Journal of Physical Education, Sports, and Health 2023, Indian wrestlers were at higher risk of injury. There were 122 injuries in 100 wrestlers (aged 12 to 39 years), for a rate of 1.22 injuries per 1,000 athlete exposures. Thus, the country's growing burden of sports injuries is expected to propel the market's growth.
The growing product launches by the key players in the market are expected to propel the market's growth. For instance, in October 2022, Bengaluru-based Healthium Medtech launched a new wound dressing portfolio, Theruptor Novo, for managing chronic wounds like diabetic foot ulcers and leg ulcers. With the launch of Theruptor Novo, Healthium strengthened its existing portfolio of patented products in the advanced wound dressing segment. Such product launches are expected to drive the market over the forecast period.
Factors such as the rising prevalence of diabetes and the launch of wound care products in India support the growth of the wound care management market. However, a lack of awareness regarding advanced wound care is expected to restrain market growth.
India Wound Care Management Industry Segmentation
As per the report's scope, wound management products are majorly used to treat complex wounds. Wounds and injuries are common afflictions that affect billions of people worldwide. The products are highly resistant to environmental inhibitors and foreign particles and are used by a nurse under the physician's orders and supervision for various reasons. The rising risk factors and the need for cost-efficient treatments drive the demand for better wound care products.
The Indian wound care management market is segmented by product type and wound type. By product type, the market is segmented into wound care and wound closure. By wound type, the market is segmented into chronic wounds and acute wounds. The report offers the value (USD) for all the above segments.
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India Wound Care Management Market Size Summary
The India wound care management market is poised for significant growth, driven by the increasing incidence of chronic wounds, ulcers, and diabetic foot ulcers. The prevalence of diabetes, a primary contributor to these conditions, is on the rise, particularly among the geriatric population. This demographic shift is expected to further propel the demand for wound care management devices, as older individuals typically experience delayed recovery from injuries. The COVID-19 pandemic has also influenced the market dynamics, with a shift in focus from healing to preventing complications and reducing hospitalizations. The cancellation of elective surgeries during the pandemic has created a backlog, which is anticipated to boost the demand for wound care management solutions as these procedures are eventually performed.
The market landscape in India is becoming increasingly attractive to global players, with major companies like 3M, Coloplast, and Medtronic establishing a presence alongside local firms such as Centaur Pharma and Axio Biosolutions. The development and certification of advanced wound care products, such as Axio Biosolutions' MaxioCel, highlight the innovation and investment in this sector. The introduction of targeted solutions, like Centaur Pharma's WOXHeal for diabetic foot ulcers, underscores the growing focus on addressing specific wound care needs. As the prevalence of diabetes and related complications continues to rise, the demand for effective wound care management devices is expected to expand, further enhancing the market's growth prospects in India.
India Wound Care Management Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.2.1 Increasing Incidences of Chronic Wounds, Ulcers, and Diabetic Ulcers
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1.2.2 Increase in the Volume of Surgical Procedures, and Product Advancements
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1.3 Market Restraints
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1.3.1 Lack of Awareness Regarding Advanced Wound Care
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1.3.2 High Treatment Costs
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1.4 Porter's Five Forces Analysis
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1.4.1 Threat of New Entrants
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1.4.2 Bargaining Power of Buyers/Consumers
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1.4.3 Bargaining Power of Suppliers
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1.4.4 Threat of Substitute Products
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1.4.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION (Market Size by Value – USD)
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2.1 By Product
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2.1.1 Wound Care
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2.1.1.1 Dressings
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2.1.1.2 Bandages
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2.1.1.3 Other Wound Care Products
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2.1.2 Wound Closure
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2.2 By Wound Type
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2.2.1 Chronic Wound
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2.2.1.1 Diabetic Foot Ulcer
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2.2.1.2 Pressure Ulcer
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2.2.1.3 Other Chronic Wounds
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2.2.2 Acute Wound
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2.2.2.1 Surgical Wounds
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2.2.2.2 Burns
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2.2.2.3 Other Acute Wounds
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India Wound Care Management Market Size FAQs
How big is the India Wound Care Management Market?
The India Wound Care Management Market size is expected to reach USD 261 million in 2024 and grow at a CAGR of 6.20% to reach USD 373.40 million by 2029.
What is the current India Wound Care Management Market size?
In 2024, the India Wound Care Management Market size is expected to reach USD 261 million.
