The wound dressing market in India is estimated to grow at a CAGR of over 7.0% during the forecast period. India is one of the fastest-growing economies globally and thus contributes considerably to the wound dressing market. The prevalence of diabetes has been significant in the country. People suffering from diabetes tend to develop a diabetic foot ulcer, an open sore or wound, which need wound dressings to reduce its effect or when getting treated. According to the International Diabetes Federation, in 2017, 73 million people in India were found to have diabetes. These numbers are further estimated to reach nearly 134.4 million in 2045. California Podiatric Medical Association estimates that around 15% of the people having diabetes are likely to develop diabetic wounds. Therefore, the increasing prevalence of diabetes in the country increases the number of people with a diabetic wound that ultimately surges the demand for wound dressings.
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The wound dressing market is segmented on the basis of product and application. On the basis of product, the wound dressing market is categorized into two types including advanced wound dressing and traditional wound dressing. Advanced wound dressing held the highest share in 2018. Further, on the basis of application, the market is segmented into surgical wounds, traumatic wounds, ulcers, and burn.
Some of the key players operating in the wound dressing market in India include 3M Co, Smith & Nephew PLC, Johnson and Johnson Services Inc., B. Braun Melsungen AG, and others. These market players have a strong product portfolio which contributes to their business growth. Major strategies adopted by these market players include merger & acquisition, product launch, and geographical expansion. These market players are significantly contributing to the global medical tapes and bandages market.
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India Wound Dressing Market Segmentation
Advanced Wound Dressing
• Alginates Dressing
• Collagen Dressing
• Hydrocolloids Dressing
• Hydrogels Dressing
• Other Dressings
Traditional Wound Dressing
• Surgical Wound
• Traumatic Wound
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• 3M Co.
• B. Braun Melsungen AG
• Goldwin Medicare Ltd.
• JK Medirise
• Johnson & Johnson Services, Inc.
• KMS GROUP
• PerSys Medical
• Smith & Nephew PLC
• TRIAGE MEDITECH PVT. LTD.
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