Increased Number of Lifestyle Diseases and Rising Health Insurance Market to Drive the Market: Ken Research

November 2014  

The wound care products are an important part of the overall healthcare industry in India. The growth in the India wound care market has been largely impelled by the augmenting demand for better quality of health care services and increasing number of lifestyle diseases. Wound care products such as bandages and gauze have been covered in the traditional wound care.

The India wound care market is a highly fragmented market which includes a majority of unorganized players. The number of organized players in the wound care market has been increasing in India due to the penetration of foreign players in the wound care market in India. The exports have also been a major contributor of the wound care market.

“Increasing demand for wound care products is expected to be contributed by the factors including high population growth, rising income and lifestyle diseases. The rising awareness amongst the customers related to the applications and quality of wound care products in the country will aid the market of wound care products in India in the near future. The advanced wound care market has been developing at a tremendous rate and is expected to have a great potential in India wound care market. Additionally, it is expected that the industry will further develop with an increasing number foreign players entering the India market”– according to the research report ‘India Wound Care Market Outlook to 2019’ – Driven by Rising Demand for Advanced Wound Care Products” by Ken Research. 

The report provides detailed overview of the wound care market in India and covers various aspects such as market size of wound care market, segmentation on the basis of different types of products such as traditional wound care products and advanced wound care products. The report is useful for wound care products manufacturers, suppliers and wholesalers of wound care products, new players venturing in the market and other stakeholders to align their market centric strategies according to ongoing and expected trends in future.