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Wound Care and Wound Closure Market in India

  • April 2014
  • 159 pages
  • Frost & Sullivan
Report ID: 2080617

Summary

Table of Contents

A Blend of Traditional and Advanced Products for Effective Wound Healing

Key Findings

•Wound Closure Market accounted for x % of the total market contributing to $x M revenue in the year 2012 and is expected to grow at a rate of x % during 2012–2017.
•The Wound Closure market is dominated by the sutures- and energy-based closure devices, contributing x % market share followed by others like tissue sealants and hemostats, mechanical wound closure devices, and wound closure strips.
•This market thrives on distribution structure and relationship with doctors or hospitals; Companies like Johnson & Johnson holds monopoly in products like sutures and energy-based closure devices (the biggest pie of the market) due to their extensive marketing and distribution network.
•Wound Care Market formed x % of the total market which is about $x M. This market is estimated to grow at a CAGR of x % during 2012–2017.
•Traditional wound care products like gauze and gamgee pads still constitute major share (x %) of this market. Low cost, local availability, ease of use and maintenance are the primary reasons for gauze dominating the wound care materials currently.
•The advanced wound care products are still in the developmental stage and has currently penetrated only tertiary care hospitals in Metros and Tier I cities.

Scope and Segmentation

•Wound management is broadly classified into Wound Closure and Wound Care Products market.
•The products covered under wound closure include:
oSutures, mechanical wound closure devices, energy-based closure devices, tissue sealants and hemostats, wound closure strips.
•The products covered under wound care products include:
oTraditional wound care products like gauze, gamgee pads, tulle, and others.
oMoist wound dressing, anti-microbial wound dressing, negative pressure wound therapy, active therapy.

Key Questions This Study Will Answer

Is the market growing, how long will it continue to grow, and at what rate?
How are the existing competitors structured to meet customer needs?
How will the structure of the market change with time?
Are the products/services offered today meeting customer needs or is additional development needed?
Are the vendors in this space ready to go alone, or do they need to get into partnership to take their businesses to the next level?

CEO’s Perspective

Wound management products have a huge opportunity due to high incidence of chronic and acute wound patients in India.
Improving healthcare infrastructure and establishment of new hospitals will pave way for increasing number of wound management procedures.
Growing middle-class population with increasing affordability, rising health awareness will act as a driving force.
Advanced wound management techniques are gaining fast acceptance among physicians due to reduced length of hospital stay, improved performance, increased promotion by companies and word of mouth.
Penetration of advanced wound management techniques beyond Metros & Tier–I cities is widening the growth opportunities.

Key Companies to Watch

Sutures India Ltd
Sutures India is the leading Indian company in the wound closure market. It is the biggest company next to the multinational giant Johnson & Johnson in the sutures market. It manufactures medical products like absorbable and non-absorbable sutures, eyeless needles and surgical meshes. The company employs over x sales personnel & supplies its products to reputed hospitals & nursing homes overx distributors and x stockists.

Lotus Surgicals
Another notable company in the wound closure industry that manufactures sutures, meshes and mechanical wound closure devices with x sales personnel and more than x dealers.

Datt Medi Products Ltd
Datt Medi Products is one of the notable Indian companies in the wound care market segment. They are present in a wide variety of product spectrum, which includes antimicrobial dressings, negative pressure wound therapy, active therapy and transparent films.

Aristo Pharma Pvt. Ltd
Aristo Pharma, an indigenous company based out of Hyderabad, is one of the leading participants in the silver anti-microbial dressing (hydrogel based).

Eucare Pharmaceuticals Pvt. Ltd
Among the very few companies having product line in active therapy segment, Eucare is one of the notable Indian companies. Eucare’s products also span across alginates, hydrocolloid, foam, transparent film, antimicrobial dressing.

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