The Global India Advanced Wound Care Management Market Growth Accelerated By Rising Prevalence Of Chronic Wounds

The India advanced wound care management market deals with advanced treatment options for acute and chronic wounds such as pressure ulcers, diabetic foot ulcers, and surgical wounds. Advanced wound care products provide optimal healing conditions through controlled moisture levels, precise temperature maintenance, and mechanical load reduction. The products offer a wide range of dressings, wound closure agents, growth factors, and bioengineered skin substitutes.

The global India advanced wound care management market is estimated to be valued at US$ 263 Mn in 2023 and is expected to exhibit a CAGR of 7.3% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market key trends:

The rising prevalence of chronic conditions such as diabetes mellitus and obesity that increase the risk of chronic wounds is a key trend driving the growth of the India advanced wound care management market. It is estimated that over 73 million people in India suffer from diabetes and the prevalence of diabetes is rising exponentially in both rural and urban regions. Chronic wounds associated with diabetes require long term treatment with advanced wound care products. The increasing market availability of affordable advanced wound care products in India is also promoting the uptake of these therapies. This is expected to further contribute to the overall expansion of the advanced wound care market over the forecast period.

Segment Analysis

The India Advanced Wound Care Management Marketis segmented based on product type, wound type, end-user and region. Within products,advanced wound dressings dominates the market owing to its high adoption for treatment of chronic, acute and traumatic wounds. It accounts for over 45% of market share due toits ability to protect wounds from external environment and provide moist condition for faster healing.

Key Takeaways

The Global India Advanced Wound Care Management Market Demand is expected to witness high growth over the forecast period of 2023 to 2030. The global India advanced wound care management market is estimated to be valued at US$ 263 Mn in 2023 and is expected to exhibit a CAGR of 7.3% over the forecast period 2023 to 2030.

Regional analysis: The Western region dominates the India Advanced Wound Care Management Market with over 30% share due to high incidence of diabetes and related chronic wounds in this region. However, Southern region is expected to grow at the highest CAGR during the forecast period owing to increased infrastructure and expenditure on healthcare sector in states like Telangana and Karnataka.

Key players related content: Key players operating in the India Advanced Wound Care Management Market are Toshiba Corporation, Smith & Nephew plc,3M, Coloplast, ConvaTec Group plc, Mölnlycke Health Care AB, Anika Therapeutics, Integra LifeSciences Holdings Corporation, B. Braun Melsungen AG, Baxter International Inc. Toshiba Corporation dominates the market with over 15% share owing to its diversified product portfolio and strong distribution network across the country.

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