Market Trends of India Wound Care Management Industry
The Dressing Segment is Expected to Hold a Significant Market Share During the Forecast Period
A dressing is a sterile pad or compress applied to a wound to promote healing and protect the damage from further harm. Wound dressings represent part of the management of diabetic foot ulceration. Each category of dressings has particular characteristics that aid selection. All dressings require frequent changes for wound inspection. Heavily exuding ulcers like diabetic foot ulcers need frequent dressing changes to reduce maceration of the surrounding skin.
The increasing product launches by market players to expand their wound management product portfolio and increasing research and development activities by research institutes are expected to drive segmental growth. For instance, in October 2022, Healthium Medtech launched a new wound dressing portfolio, Theruptor Novo, for the management of chronic wounds like diabetic foot ulcers and leg ulcers. Theruptor Novo is an anti-microbial and non-toxic wound dressing with technology patented in the US, India, the European Union, and Canada.
Moreover, the growing prevalence of acute and chronic wounds is expected to boost segmental growth. For instance, according to Indian studies on the epidemiology of chronic wounds, the annual prevalence is 4.5 per 1,000 people. Therefore, the significant prevalence of acute and chronic wounds is expected to increase the demand for wound dressing, ultimately boosting segmental growth.
Hence, increasing wound dressing product launches and increasing prevalence of acute and chronic wounds in India are expected to drive segmental growth over the forecast period.
The Diabetic Foot Ulcer Segment is Expected to Hold a Significant Market Share Over the Forecast Period
In India, the increasing prevalence of chronic wounds, ulcers, and diabetic foot ulcers is increasing, generating demand for the proper management of such damages. In addition, with the growing prevalence of diabetes in India, there are increasing cases of diabetic foot ulcers, where wound care management plays a crucial role in preventing amputations, which is anticipated to drive the growth of the segment over the forecast period.
The rising prevalence of diabetic foot ulcers is expected to increase the demand for wound care products, boosting segmental revenue over the forecast period. For instance, according to a study published in the Foot in March 2023, in India, around 15-20% of the population suffering from diabetes was expected to have diabetic foot ulcers at least once in their lifetime. Thus, the rising prevalence of diabetes and diabetic foot ulcer cases are expected to drive the market's growth over the forecast period.
The increasing research and development activities for the treatment of diabetic foot ulcers are also expected to drive market growth over the forecast period. For instance, in January 2022, Sree Chitra Tirunal Institute for Medical Sciences and Technology, India, partnered with Tynor Orthotics Private Limited for the development of wound care devices that treat osteoarthritis and diabetic foot ulcers. Hence, such strategic activities by key players are expected to drive segmental growth over the forecast period.
Hence, the rising prevalence of diabetic foot ulcers and increasing research and development activities for the development of novel wound care products are expected to drive segmental growth during the forecast period.
