India Advanced Wound Care Management Market Is Driven By Increasing Incidence Of Diabetic Foot Ulcers
The India advanced wound care management market offers solutions for effective wound healing through various products such as traditional wound care products, advanced wound care products, negative pressure wound therapy, bioactive therapy, and skin substitutes & grafts. Advanced wound care products provide protection to wounds against microbial infections, maintain a moist environment that promotes healing. They help manage wounds affected by diabetes, pressure, and surgeries effectively. The increasing prevalence of diabetes and related foot ulcers is propelling the demand for advanced wound care solutions. The surge in road accidents and trauma injury cases is generating the need for wound healing treatments as well.
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 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. The key players are focusing on new product launches and strategic collaborations to gain a competitive edge in the market.
The growing demand for advanced wound care solutions among hospitals, clinics, and home healthcare is a major factor driving the growth of the market. With increasing awareness regarding wound healing, quick treatment-seeking behavior has been observed.
The India Advanced Wound Care Management Market Size is witnessing expansion across Asia Pacific with growing strategic investments by global market leaders. The improving healthcare infrastructure and increasing healthcare spending in developing Asian countries offer lucrative growth opportunities.
Market drivers
The major drivers influencing the growth of the India advanced wound care management market include increasing incidence of diabetic foot ulcers, rise in surgical procedures, trauma cases, and aging population. As per the International Diabetes Federation, there were around 77 million adults suffering from diabetes in India in 2019. Non-healing diabetic foot ulcers often lead to other foot complications, requiring advanced wound management. The growing hospitalization rates and surgeries are fueling the demand for better wound healing products to avoid post-surgical site infections.
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