India Advanced Wound Care Management Market, by Product Type (Wound Dressings (Foam Dressings, Hydrocolloid Dressings, Film Dressings, Alginate Dressings, Collagen Dressings, and Contact Layer), Wound Therapy Devices (Pressure Relief Devices, Negative Pressure Wound Therapy Systems, Hyperbaric Oxygen Equipment, and Electrical Stimulation Devices), and Active Wound Care (Artificial Skin Substitutes and Topical Agents)), By Wound Type (Surgical Wounds, Ulcers (Pressure Ulcers, Diabetic Foot Ulcers, and Arterial and Venous Ulcers), Traumatic Wounds, Burns, and Others), By End User (Hospitals, Clinics, Ambulatory Surgical Centers, Home Care Settings, and Others), and by Region (North India, South India, West India, East India, Central India, and North East India), is estimated to be valued at US$ 227.2 million in 2020 and is expected to exhibit a CAGR of 5.5% during the forecast period (2020-2027), as highlighted in a new report published by Coherent Market Insights.
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Increasing research and development activities in field of advanced wound care management are expected to drive growth of the India advanced wound care management market, owing to the increasing demand for advanced wound care products for treatment of various types of wounds.
For instance, in December 2016, scientists from the CSIR-Institute of Himalayan Bioresource Technology in Palampur, Academy of Scientific and Innovative Research in New Delhi, and Center of Innovative and Applied Bioprocessing in Mohali reported that the combination of nanobiocomposites made from bamboo cellulose nanocrystals and silver nanoparticles can accelerate healing of skin wounds in mice, as shown in their new research.
These nanobiocomposites could be converted to films and ointment that are useful as wound-healing dressing material. Scientists synthesized nanobiocomposites by inserting silver nanoparticles into the matrix of cellulose nanocrystals isolated from two species of bamboo leaves.
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India Advanced Wound Care Management Market – Impact of Coronavirus (Covid-19) Pandemic
Supply chain and manufacturing activities in India have been disrupted due to nationwide lockdowns in the past few months. Countries such as France, Italy, Spain, U.K., Russia, U.S., Mexico, and China others are facing problems with regards to transportation of products.
Advanced wound care is required for treatment of several severely wounded patients to avoid amputation of limbs. During the COVID-19 pandemic, several surgeries which are classified as non-essential have been postponed or cancelled.
For instance, according to a study published in the British Journal of Surgery, in May 2020, an estimated 505,800 non-emergency surgeries, 51,100 cancer surgeries, and 27,700 obstetric surgeries in India have been cancelled or delayed as a result of the COVID-19 pandemic.
Many patients with severe wounds have struggled to receive treatment due to hospitals canceling or delaying surgeries and other procedures, including wound cleaning and wound dressing.
Moreover, during the pandemic, demand for treatment of severe wounds has not reduced, however, inadequate supply of personal protective equipment (PPE) for healthcare providers, limited hospital capacity, and intensive care units (ICUs), and lack of point-of-care testing has negatively impacted the management of severe wounds.
Browse 29 Market Data Tables and 45 Figures spread through 220 Pages and in-depth TOC on India Advanced Wound Care Management Market, by Product Type (Wound Dressings (Foam Dressings, Hydrocolloid Dressings, Film Dressings, Alginate Dressings, Collagen Dressings, and Contact Layer), Wound Therapy Devices (Pressure Relief Devices, Negative Pressure Wound Therapy Systems, Hyperbaric Oxygen Equipment, and Electrical Stimulation Devices), and Active Wound Care (Artificial Skin Substitutes and Topical Agents)), By Wound Type (Surgical Wounds, Ulcers (Pressure Ulcers, Diabetic Foot Ulcers, and Venous Ulcers), Traumatic Wounds, Burns, and Others), By End User (Hospitals, Clinics, Ambulatory Surgical Centers, Home Care Settings, and Others), and by Region (North India, South India, West India, East India, Central India, and North East India)- Forecast to 2027″
To know the latest trends and insights related to India Advanced Wound Care Management Market Press Release, click the link below: https://www.coherentmarketinsights.com/press-release/india-advanced-wound-care-management-market-3113
Key Takeaways of the India Advanced Wound Care Management Market:
- India advanced wound care management market is expected to exhibit a CAGR of 5% during the forecast period (2020-2027), owing to increasing research and development activities
- Among product type, wound dressings segment is expected to hold a major revenue share in 2027, owing to product innovations and launches. For instance, in February 2019, Axio Biosolutions, an India-based company, launched MaxioCel, a next-generation wound care dressing made of chitosan in New Delhi, India.
- Major players operating in the India advanced wound care management market are Smith & Nephew Plc, Coloplast A/S, Johnson & Johnson, 3M, Convatec Group Plc, Cologenesis Healthcare Pvt Ltd, Mil Laboratories Pvt. Ltd, Essity AB, and Eucare Pharmaceuticals (P) Ltd.
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