May 22, 2024

Advanced Wound Care Management Market in India set for Strong Growth

The advanced wound care management market in India is comprised of advanced wound dressings, wound therapy devices, and active wound care products used for the treatment of acute wounds and chronic wounds. Advanced wound dressings assist in maintaining a moist wound environment that promotes healing and prevents infection. The active ingredients in these dressings such as hydrocolloids, alginates, collagen, and hydrogels protect the wound and accelerate healing. Additionally, negative pressure wound therapy (NPWT) devices help in removing wound exudate and debridement.

The global India Advanced Wound Care Management Market is estimated to be valued at US$ 263 Mn in 2024 and is expected to exhibit a CAGR of 7.3% over the forecast period 2024-2030, as highlighted in a new report published by Coherent Market Insights.

Market key trends:
Growth Accelerated by Rising Disease Burden of Diabetes
According to the International Diabetes Federation (IDF), approximately 77 million adults in India have diabetes and it is estimated to increase to 134 million by 2045. Diabetes can lead to various chronic wounds such as diabetic foot ulcers, pressure ulcers, and venous leg ulcers that require advanced treatment to heal properly. The high incidence rate of surgical site infections and traumatic injuries also demand efficient wound management solutions. Thus, the growing disease burden of diabetes and injuries is a major market driver.

Segment Analysis
The India advanced wound care management market is segmented based on product type, wound type, and end user. The product type segment is further divided into advanced wound dressings, wound care devices, and active wound care. Among these, advanced wound dressings hold the largest market share as they facilitate faster healing of wounds. Within advanced wound dressings, foam dressings dominate the segment owing to their effectiveness in managing exudate levels and maintaining a moist environment to promote healing.

Key Takeaways
The India Advanced Wound Care Management Market Size is expected to witness high growth.

Regional analysis: India dominates the regional market owing to increasing incidence of chronic diseases like diabetes that result in complex wounds requiring advanced treatment options. Moreover, rising medical tourism in the country is driving market growth. The western region holds the major share in the country due to presence of sophisticated healthcare infrastructure and skilled medical professionals.

Key players operating in the India advanced wound care management market are Toshiba Corporation, Carestream Health, General Electric Company, Hitachi Ltd., Siemens Healthcare Private Limited, Koninklijke Philips N.V., Shimadzu Corporation, MinXray Inc., KA Imaging, Samsung Group, OXOS Medical, InnoCare Optoelectronics, Siemens Healthineers, Shimadzu Medical Systems USA, Konica Minolta Healthcare Americas Inc., Canon Inc., Boston Imaging, Nanox, Fujifilm, Scanna-MSC, VUNO, and Canon Medical Systems USA Inc. The major players are focusing on new product launches and geographical expansion to strengthen their market presence.

Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it