India Advanced Wound Care Management market Skin Care segment contributing large share

India Advanced Wound Care Management market
India Advanced Wound Care Management market 


The global India Advanced Wound Care Management market is estimated to be valued at US$ 276.3 million in 2022 and is expected to exhibit a CAGR of 5.1% over the forecast period 2022-2030, as highlighted in a new report published by Coherent Market Insights.


Market Overview:
Advanced wound care management products help in faster healing of chronic and acute wounds. These products maintain a moist environment which facilitates cell migration and tissue remodeling for wound repair.

Market key trends:
The advanced wound care management market in India is witnessing increasing adoption of advanced wound care products such as silver wound dressings. Silver has anti-microbial properties and silver dressings helps in preventing wound infections by releasing silver ions. These dressing inhibits the growth of bacteria, yeast, and viruses and maintains a moist healing environment. Hence, the increasing use of silver based wound care dressings is expected to support the market growth over the forecast period.

Segment Analysis
The India advanced wound care management market is segmented by product, wound type, end user and region. Based on product, the advanced wound dressings segment dominated the market in 2021 due to high prevalence of diabetic foot ulcers and surgical wounds which require advanced wound dressings for effective healing. Advanced wound dressings help manage wound exudate and maintain a moist environment around the wound which aids faster healing.

Key Takeaways
The India advanced wound care management market size was valued at US$ 263.0 million in 2021 and is expected to reach US$ 436.7 million by 2030, exhibiting a CAGR of 5.1% during the forecast period. The market is witnessing high growth due to increasing prevalence of diabetes and associated diabetic foot ulcers in the country.

Regional analysis indicates that South India region captured over 30% share of the India market in 2021 owing to higher burden of chronic wounds and presence of major players in this region.

Key players such as Smith and Nephew, Coloplast, Johnson and Johnson and 3M collectively accounted for over 50% share of the India market in 2021 due to their wide product portfolio and strong brand presence. Other prominent players operating in the market are Convatec Group, Cologenesis Healthcare, Mil Laboratories, Essity AB and Eucare Pharmaceuticals. Cologenesis Healthcare has emerged as the leading player in advanced therapy products in India.

 

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