India Wound Care Market Outlook to 2022
Rising Medical Surgeries and Increase in Incidence of Acute and Chronic Wounds to Foster Future Growth
August 2017
115
About the Report
About the Report
The report titled "India Wound Care Market Outlook to 2022 - Rising Medical Surgeries and Increase in Incidence of Acute and Chronic Wounds to Foster Future Growth" provides a comprehensive analysis of the overall wound care market by its key segments including traditional (Gauge, Dressings, Tapes, Compression Bandages and Plasters, and Disinfectants), advanced (Dressings and Devices) and surgical care (Sutures, Staples and Glues), distribution channel, and demand by major cities. The publication also includes competitive landscape, which discusses the major market players along with the detailed discussion about the organizations and their respective market share. The future analysis of overall India Wound Care Market has also been discussed along with recommendations from analyst view.
Market Potential
The wound care market in India grew at an impressive CAGR of ~% during the period FY'2012-FY'2017. Incline in incidences of both acute and chronic wounds in the country coupled with rise in number of cosmetic surgeries and surgical births aided in the growth of wound care market in the last few years. The market growth was fuelled by rise in knee replacement surgeries in the country with over 80,000 knee replacements performed, which represented an incline by 80% in just five years. Furthermore, over 18,000 weight loss surgeries were conducted in India up from just 800 in 2009. Over 9.3 million cosmetic procedures were performed in the country in 2016 as well.
Market Segmentation by Type of Wound Care: Traditional wound care is the primary treatment approach in India. Owing to perception of high cost-low benefit for advanced wound care products, the use of traditional products has been rampant. The segment has witnessed huge demand for products such as cotton, gauge, dressings and bandages. These products are affordable by everyone and enjoy high adoption in medical institutions, clinics and end consumers. Traditional wound care products were the highest revenue generating segment in the wound care market. However, the market for advanced and surgical wound care products has grown at a faster pace than traditional products in the recent past.
Market Segmentation by Type of Advanced Wound Care Devices: Negative Pressure Wound Therapy (NPWT) is the most popular device used in advanced wound management and comprised for highest market share in the advanced wound care device segment, as of FY'2017. Pressure relief devices and hyperbaric oxygen therapy devices had comparatively lower adoption due to superior effectiveness of NPWT. Several other advanced wound care devices including electrical stimulation devices, electromagnetic stimulation devices, ultrasound mist devices and many more are still new to the Indian market and currently had very low penetration.
Competitive Landscape: The wound care market in India is still in its growth phase and is quite a fragmented one characterized by the presence of several manufacturers and fierce competition existing between them. Johnson and Johnson emerged as the market leader in this space, in terms of revenue. Smith and Nephew and Datt Mediproducts were the next two leading companies. These companies had strong product portfolio along with strong distribution systems and promotion strategies that enabled them to keep hold of their market share.
Future Outlook: India wound care market has been mainly driven by technological advances, increasing aging population, problems associated with ineffective traditional wound healing methods and growing incidences of chronic and acute wounds. Rising prevalence of diabetes, attempts to lower the duration of hospital stay in order to reduce the healthcare expenses and the growing inclination towards products that enhance therapeutic outcomes are also driving the demand for the advanced wound care products. India has fast become a global health destination, with the medical tourism industry growing at 30% every year. Over 26 million surgeries were performed in the country in 2016 and reportedly the country's need for surgeries stood at around 65 million. Hence, with increase in number of hospital and specialized doctors, the number of surgeries performed in the country is going to incline at a steady pace. All these factors would result in greater demand for wound care products and the market is expected to grow at a CAGR of 20.3% during the period FY'2017-FY'2022.
Key Topics Covered in the Report:
- India Wound Care Market Size, FY'2012-FY'2017
- India Wound Care Market Segmentation By Type of Wound Care, By Type of Traditional Wound Care Products, By Type of Advanced Wound Care Products, By Type of Advanced Wound Care Dressings, By Type of Advanced Wound Care Devices, By Type of Surgical Wound Care Products,
- India Wound Care Market Segmentation by distribution channel, FY'2017
- India Wound Care Market Segmentation by Demand by Cities, FY'2012-FY'2017
- Trade Scenario in India Wound Care Market
- Trends and Development in India Wound Care Market
- Regulatory Landscape in India Wound Care Market
- Porter Five Forces Analysis in India Wound Care Market
- Competitive Landscape of Major Players
- Market Share of Major Players
- Company Profile of Major Players
- India Wound Care Market Future Outlook and Projections, FY'2018-FY'2022
- Analyst Recommendations
- Macro-economic Factors
Products
Products
Traditional Wound Care - Gauge, Dressings, Tapes, Compression Bandages and Plasters, and Disinfectants; Advanced Wound Care - Dressings (Hydrocolloid, Foam, Advanced Silver Mesh, Alginate and Collagen) and Devices (NPWT, Pressure Relief, Hyperbaric and Other); Surgical Wound care - Sutures, Staples and Glues
Companies
Johnson and Johnson, Smith & Nephew, Datt Mediproducts, 3M India, Coloplast, BSN Medical, Sutures India, KCI Medical, Molnolycke, Covatec
Table of Contents
Table of Contents
1. Executive Summary
Market Potential
Market Segmentation
Competitive Landscape
Future Analysis And Projections
2. Research Methodology
2.1. Market Definitions
2.2. Abbreviations
2.3. Market Size and Modeling
Approach - Market Sizing
Variables (Dependent and Independent)
Multi Factor Based Sensitivity Model
Limitations
Final Conclusion
3. India Wound Care Market Genesis
4. Value Chain Analysis of India Wound care Market
How is Marketing Done?
5. India Wound Care Market Size, FY'2012-FY'2017
6. India Wound Care Market Segmentation
6.1. By Type of Wound Care Products (Traditional, Advanced and Surgical), FY'2017
6.2. By Traditional Wound Care Products (Gauge, Dressings, Tapes, Compression Bandages and Plasters, and Disinfectants), FY'2017
6.3. By Advanced Wound Care Products (Dressings and Devices), FY'2012-FY'2017
6.3.1. By Advanced Wound Care Dressings (Hydrocolloid, Foam, Advanced Silver Mesh, Alginate and Collagen), FY'2012-FY'2017
6.3.2. By Advanced Wound Care Devices (NPWT, Pressure Relief, Hyperbaric and Others), FY'2012-FY'2017
6.4. By Surgical Wound Care Products (Sutures, Staples and Glues), FY'2012-FY'2017
6.5. By Distribution Channels, FY'2017
6.6. By Cities (Tier I, II and III), FY'2012-FY'2017
Scenario in Tier I Cities
7. India Wound Care Market Trade Scenario
7.1. Sutures Imports by Value and Major Destinations, FY'2017
7.2. Staplers Import by Value and Major Destinations, FY'2017
7.3. Adhesive and Dressing Import by Value and Major Destinations, FY'2017
8. Trends and Developments in India Wound Care Market
9. India Wound Care Market Regulatory Landscape
Decision Making Process in India Wound Care Market
10. Porter Five Forces Analysis in India Wound Care Market
High Threats of New Entrants
Moderate Bargaining Power of Consumers
High Rivalry Among Competitors
Moderate Bargaining Power of Suppliers
Low Threat of Substitutes
11. Competitive Landscape of Major Players in India Wound Care Market
11.1. Market Share of Major Players in India Wound Care Market
11.2. Company Profiles
Johnson and Johnson
Smith and Nephew
Datt Mediproducts Private Limited
3M India
Sutures India
Coloplast
BSN Medical
KCI Medical
Molnlycke Health Care
ConvaTec
12. India Wound Care Market Future Outlook and Projections, FY'2018-FY'2022
Improvement in Health Infrastructure
12.1. By Wound Care Products, FY'2022
13. Analyst Recommendations
14. Macroeconomic Factors Impacting India Wound Care Market
14.1. Road Accidents in India, 2011-2021
14.2. Prevalence of Diabetes, 2011-2021
14.3. Healthcare Expenditure in India, FY'2012-FY'2022
14.4. Health Insurance Premium, FY'2012-FY'2022
14.5. Total Population, 2011-2021
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List of Figure
Figure 1-1: India Wound Care Market Scenario, FY'2017
Figure 3-1: Multi-Specialty Hospital Spending on Medical Consumables on the Basis of Cost Contribution in Percentage (%), FY'2017
Figure 3-2: India Medical Institutions Spending Segmentation on Medical Consumables on the Basis of Revenue in Percentage (%), FY'2017
Figure 4-1: Value Chain of India Wound Care Market
Figure 4-2: Marketing Strategies in India Wound Care Market
Figure 5-1: India Wound Care Market Size on the Basis of Revenues in INR Million and Growth Rate in Percentage (%), FY'2012-FY'2017
Figure 6-1: India Wound Care Market Segmentation by Type of Wound Care Products on the Basis of Revenue in Percentage (%), FY'2012-FY'2017
Figure 6-2: India Wound Care Market Segmentation by Type of Traditional Wound Care Products on the Basis of Revenue in Percentage (%), FY'2012-FY'2017
Figure 6-3: India Wound Care Market Segmentation by Type of Advanced Wound Care Products on the Basis of Revenue in Percentage (%), FY'2012-FY'2017
Figure 6-4: India Wound Care Market Segmentation by Type of Advanced Wound Care Dressings on the Basis of Revenue in Percentage (%), FY'2012-FY'2017
Figure 6-5: India Wound Care Market Segmentation by Type of Advanced Wound Care Devices on the Basis of Revenue in Percentage (%), FY'2012-FY'2017
Figure 6-6: India Wound Care Market Segmentation by Type of Surgical Wound Care Products on the Basis of Revenue in Percentage (%), FY'2012-FY'2017
Figure 6-7: India Wound Care Market Segmentation by Distribution Channel on the Basis of Revenue in Percentage (%), FY'2017
Figure 6-8: India Wound Care Market Segmentation by Cities on the Basis of Revenue in Percentage (%), FY'2012-FY'2017
Figure 7-1: India Wound Care Market Import of Sutures by Major Destinations on the Basis of Revenue in Percentage (%), FY'2017
Figure 7-2: India Wound Care Market Import of Staples by Major Destinations on the Basis of Revenue in Percentage (%), FY'2017
Figure 7-3: India Wound Care Market Import of Adhesive and Dressing by Major Destinations on the Basis of Value in Percentage (%), FY'2017
Figure 9-1: Timeline for Key Government Initiatives Impacting the Medical Device Sector
Figure 10-1: Effect of Porter's Five Forces on India Wound Care Market
Figure 11-1: Market Share of Major Players in India Wound Care Market on the Basis of Revenue in Percentage (%), FY'2017
Figure 11-2: Johnson and Johnson Overall Revenue and Net Profit in INR Million, FY'2012-FY'2017
Figure 11-3: Financial Performance of Smith and Nephew on the Basis of Overall Revenue in INR Million, FY'2012-FY'2017
Figure 11-4: Datt Mediproducts Overall Revenue in INR Million, FY'2012-FY'2017
Figure 11-5: Financial Performance of 3M India on the Basis of Overall Revenue in INR Million, FY'2012-FY'2017
Figure 11-6: Coloplast Overall Revenue and Net Profit in INR Million, FY'2012-FY'2017
Figure 11-7: BSN Medical Overall Revenue and Net Profit in INR Million, FY'2012-FY'2017
Figure 11-8: KCI Medical Overall Revenue and Net Profit in INR Million, FY'2012-FY'2017
Figure 11-9: Molnlycke Overall Revenue and Net Profit in INR Million, FY'2012-FY'2017
Figure 11-10: ConvaTec Overall Revenue in INR Million, FY'2012-FY'2017
Figure 12-1: India Wound Care Market Future Outlook on the Basis of Revenue in INR Million and Growth Rate in Percentage (%), FY'2018-FY'2022
Figure 12-2: India Wound Care Market Future Outlook by Type of Wound Care Products on the Basis of Revenue in Percentage (%), FY'2018-FY'2022
Figure 14-1: Incidence of Road Accidents in India in Units, 2011-2021
Figure 14-2: Prevalence of Diabetes in India in Million, 2011-2021
Figure 14-3: Healthcare Expenditure in India in Lakh Crores, FY'2012-FY'2022
Figure 14-4: Health Insurance Premium in India in USD Billion, FY'2012-FY'2022
Figure 14-5: Total Population in India in Million, 2011-2021
List of Table
Table 2-1: List of Tier 1, Tier 2, and Tier 3 Cities in India, 2016
Table 2-2: Correlation Matrix for India Wound Care Market
Table 2-3: Regression Coefficients Output
Table 3-1: Demand and Supply Side Issues in India Wound Care Market
Table 3-2: India Healthcare Statistics on the basis of Health Parameters
Table 3-3: Top Ten Causes of Deaths and Number of Deaths in India, 2014
Table 5-1: Rationale and Description for India Wound Care Market Size on the Basis of Revenues, FY'2012-FY'2017
Table 6-1: Rationale and Description for India Wound Care Market Segmentation by Type of Wound Care Products on the Basis of Revenue in INR Million, FY'2017
Table 6-2: India Wound Care Market Segmentation by Type of Wound Care Products on the Basis of Revenue in INR Million, FY'2012-FY'2017
Table 6-3: Scope for Application of Advanced Wound Care Product by Wound Category
Table 6-4: Rationale and Description for India Wound Care Market Segmentation by Traditional Wound Care Products on the Basis of Revenue in INR Million, FY'2017
Table 6-5: India Wound Care Market Segmentation by Type of Traditional Wound Care Products on the Basis of Revenue in INR Million, FY'2012-FY'2017
Table 6-6: Rationale and Description for India Wound Care Market Segmentation by Advanced Wound Care Products on the Basis of Revenue in INR Million, FY'2017
Table 6-7: India Wound Care Market Segmentation by Type of Advanced Wound Care Products on the Basis of Revenue in INR Million, FY'2012-FY'2017
Table 6-8: Rationale and Description for India Wound Care Market Segmentation by Type of Advanced Wound Care Dressings on the Basis of Revenue in INR Million, FY'2017
Table 6-9: India Wound Care Market Segmentation by Type of Advanced Wound Care Dressings on the Basis of Revenue in INR Million, FY'2012-FY'2017
Table 6-10: List of New Topical Wound Care Products in India, June 2017
Table 6-11: Rationale and Description for India Wound Care Market Segmentation by Type of Advanced Wound Care Devices on the Basis of Revenue in INR Million, FY'2017
Table 6-12: India Wound Care Market Segmentation by Type of Advanced Wound Care Devices on the Basis of Revenue in INR Million, FY'2012-FY'2017
Table 6-13: Rationale and Description for India Wound Care Market Segmentation by Type of Surgical Wound Care Products on the Basis of Revenue in INR Million, FY'2017
Table 6-14: India Wound Care Market Segmentation by Type of Surgical Wound Care Products on the Basis of Revenue in INR Million, FY'2012-FY'2017
Table 6-15: Rationale and Description for India Wound Care Market Segmentation by Distribution Channel on the Basis of Revenue in INR Million, FY'2017
Table 6-16: Rationale and Description for India Wound Care Market Segmentation by Cities on the Basis of Revenue in INR Million, FY'2017
Table 6-17: State / Union Territory Wise Government Hospitals in India, 2016
Table 6-18: Major Distributors of Wound Care Products in India, FY'2017
Table 6-19: India Wound Care Market Segmentation by Cities on the Basis of Revenue in INR Million, FY'2012-FY'2017
Table 6-20: India Wound Care Market Segmentation by Tier I Cities on the Basis of Revenue in INR Million and Market Share in Percentage (%), FY'2017
Table 7-1: India Wound Care Market Import of Sutures on the Basis of Revenue in INR Million and by Major Destinations, FY'2017
Table 7-2: India Wound Care Market Import of Staples on the Basis of Revenue in INR Million and by Major Destinations, FY'2017
Table 7-3: India Wound Care Market Import of Adhesive and Dressing on the Basis of Revenue in INR Million and by Major Destinations, FY'2017
Table 8-1: Trends and Developments in India Wound Care Market
Table 8-2: List of Top 15 Applicants with Wound Dressing Product Patents, April 2017
Table 9-1: Government Regulations for Medical Devices in India
Table 9-2: Currently Regulated Medical Devices in India, FY'2017
Table 9-3: Decision Making Process in India Wound Care Market
Table 11-1: Market Share of Major Players in India Wound Care Market on the Basis of Revenue in INR Million, FY'2017
Table 11-2: Johnson and Johnson Company Profile including Company Overview, USP, and Number of Employees, Product Portfolio, Business Strategies and other KPIs
Table 11-3: Johnson & Johnson Product Portfolio with Description
Table 11-4: Smith and Nephew Company Profile including Company Overview, USP, and Number of Employees, Product Portfolio, Business Strategies and other KPIs
Table 11-5: Smith and Nephew Product Portfolio with Description
Table 11-6: Datt Mediproducts Company Profile including Company Overview, USP, and Number of Employees, Product Portfolio, Business Strategies and other KPIs
Table 11-7: Datt Mediproducts Product Portfolio with Description
Table 11-8: 3M India Company Profile including Company Overview, USP, Number of Employees, Product Portfolio, Business Strategies and other KPIs
Table 11-9: 3M India Product Portfolio with Description
Table 11-10: Sutures India Company Profile including Company Overview, USP, and Number of Employees, Product Portfolio, Business Strategies and other KPIs
Table 11-11: Sutures India Product Portfolio with Description
Table 11-12: Coloplast Company Profile including Company Overview, USP, and Number of Employees, Product Portfolio, Business Strategies and other KPIs
Table 11-13: Coloplast Product Portfolio with Description
Table 11-14: BSN Medical Company Profile including Company Overview, USP, and Number of Employees, Product Portfolio, Business Strategies and other KPIs
Table 11-15: BSN Medical Product Portfolio with Description
Table 11-16: KCI Medical Company Profile including Company Overview, USP, and Number of Employees, Product Portfolio, Business Strategies and other KPIs
Table 11-17: KCI Medical Product Portfolio with Description
Table 11-18: Molnlycke Company Profile including Company Overview, USP, and Number of Employees, Product Portfolio, Business Strategies and other KPIs
Table 11-19: Molnlycke Product Portfolio with Description
Table 11-20: ConvaTec Company Profile including Company Overview, USP, and Number of Employees, Product Portfolio, Business Strategies and other KPIs
Table 11-21: ConvaTec Product Portfolio with Description
Table 12-1: Rationale and Description for India Wound Care Market Future Outlook, FY'2018-FY'2022
Table 12-2: Rationale and Description for India Wound Care Market Future Outlook by Type of Wound Care Products on the Basis of Revenue in INR Million, FY'2022
Table 12-3: India Wound Care Market Future Outlook by Type of Wound Care Products on the Basis of Revenue in INR Million, FY'2018-FY'2022
Table 13-1: Recommendations for India Wound Care Market
Table 14-1: Rationale and Description for Road Accidents in India in Units, 2011-2021
Table 14-2: Rationale and Description for Diabetes in India in Million, 2011-2021
Table 14-3: Rationale and Description for Healthcare Expenditure in India in Lakh Crores, FY'2012-FY'2022
Table 14-4: Rationale and Description for Health Insurance Premium in India in USD Billion, FY'2012-FY'2022
Table 14-5: Rationale and Description for Total Population in India in Million, 2011-2021
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