India Advanced Wound Care Management Market Witnesses High Growth Owing to Rising Incidence of Chronic Diseases

India Advanced Wound Care Management Market Witnesses High Growth Owing to Rising Incidence of Chronic Diseases

These products help manage wound exudate levels and maintain a moist environment which facilitates optimal healing. Rising incidence of chronic diseases such as diabetes in India has increased the prevalence of chronic wounds such as pressure ulcers, diabetic foot ulcers. Additionally, road accidents and burn injuries also contribute to the wound case burden in the country. The advanced wound care products help manage these hard-to-heal wounds effectively and prevent potential amputations or other complications.

India advanced wound care management market is estimated to be valued at US$ 206.5 Mn in 2024 and is expected to exhibit a CAGR of 7.1% over the forecast period 2024 To 2031.

Key Takeaways
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. These players are focusing on new product launches and partnerships to strengthen their market presence.

The growing incidence of chronic diseases is generating significant demand for advanced wound care therapies. India Advanced Wound Care Management Market Size This represents a major growth opportunity for players in the India market. Additionally, rising healthcare expenditure and focus on cost-effective treatments are encouraging patients to opt for advanced wound management options.

Many players are also focusing on expanding their presence in international markets through collaborations with hospitals, clinics and distributors. The large patient population in India affected by hard-to-heal wounds makes it an attractive market for global players.

Market Drivers:
- Rising prevalence of chronic diseases such as diabetes is the major driver as these patients are prone to develop chronic wounds.
- Growing geriatric population susceptible to pressure ulcers and traumatic wounds is also driving market growth.
- Increasing adoption of advanced wound care products due to effectiveness in managing complex wounds.

Market Restraints:
- High cost of advanced wound care products limits their adoption in price sensitive markets.
- Lack of reimbursement policies for advanced therapies in many countries hampers market revenues.
- Shortage of skilled workforce limits market growth to some extent.

Segment Analysis
The India advanced wound care management market is dominated by the chronic wounds sub-segment. Chronic wounds such as diabetic foot ulcers, pressure ulcers, and venous leg ulcers account for the majority share owing to the rising prevalence of diabetes and related chronic conditions in India. As per studies, the prevalence of diabetes in India is predicted to increase by more than 50% from 2010 to 2030, with an especially steep rise in adults over 65. This, along with increasing geriatric population and lifestyle diseases, is leading to more complicated chronic wounds that require advanced treatment options like NPWT, biologics, and antimicrobial therapy offered by the advanced wound care management market.

Global Analysis
Asia Pacific is expected to witness the highest growth in the India advanced wound care management market during the forecast period. This is attributed to factors such as rising geriatric and diabetic population, growing awareness regarding advanced treatment, and improving access to healthcare in emerging economies like India and China. As per the International Diabetes Federation, India had over 77 million diabetic patients in 2019. The number is projected to reach 134 million by 2045. This will fuel the demand for advanced wound care in the region. Moreover, growing healthcare expenditure in Asia Pacific countries provides opportunities for market players to introduce novel and affordable wound care products and technologies. Countries like India are prioritizing investments in healthcare infrastructure development, further supporting market growth.
 
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