How
the India Medical Consumables Market is Positioned?
The medical
consumables market in India is currently at its growth stage with rise in
number of domestic and foreign players. The huge number of domestic and
international companies in India has made the medical consumables market highly
fragmented. In terms of revenue, India medical consumables market size was
witnessed to increase from INR ~ crore in the year 2013 to INR ~ crore in 2018,
therefore showcasing a CAGR of ~% over the review period 2013-2018. Growing
population in the country has increased the demand for healthcare services
which in result have developed the medical devices and consumables market in
India. Coupled with the growth in the road accidents and surgeries in India,
the market has witnessed an increase in the demand for the medical consumables.
The rise in the number of hospitals in India has also lead to the growth of the
medical devices/consumables in the country. The 100% FDI in the medical devices
sector has boost the medical device and consumables market in last few years
with increasing Foreign Direct Investments (“FDI”) inflows.
Expanding of the manufacturing units in India and developing a strong
distribution network by the medical consumables companies have helped the revenue
to grow at a CAGR of ~% during the review period. Competition within India
medical consumables market was observed to be highly fragmented with the presence of major
players such as Hindustan Syringes & Medical Devices Limited, Poly
Medicure, Datt Mediproducts Pvt. Ltd., Sutures India, Romson Group and others. The India
medical consumables market was dominated by the local production by both
domestic and international companies with a revenue share of ~% in the year
2018.
India Medical Consumables Market Segmentations
By Business Activity:-
The local production of the
medical consumables by both the domestic and international companies having
their manufacturing unit in India capturing a massive revenue share of ~% in
the year 2018 owing to the Make in India initiative and the low manufacturing
cost in India. Also, owing to the no entry barriers in the medical consumables
sector, international companies have established their manufacturing units to
cut down on the manufacturing cost. They were followed by the imported medical
consumables with respective revenue shares of ~% in the India medical
consumables market in 2018.
By Mode of Selling:-
The Distributor mediated sales
distribution dominated with revenue share of ~% in India medical consumables
market in 2018 owing to a closer connect of the distributors with the end
users. Medical consumable companies have started to develop a strong distributor
network to tap a larger market and different regions of the country. The
direct sales channel contributes a revenue share of ~% in the year 2018 in
India.
By Type of Medical Consumables:-
The wound care segment within India was observed to dominate the
country’s medical consumables market by capturing a massive revenue share of ~%,
in the year 2018 owing to the awareness about the wound care product among the
end users. Apart from the healthcare centers, general consumers also have a
huge demand for the wound care products for the first aid purpose. The
increasing number of accidents in the country has also contributed in the
growth of the wound care market. In accordance with, Ministry of Road Transport
and Highways the number of road accidents in India has increased from ~ in 2003
to ~ in 2018. Wound care products were followed by syringes with a revenue
share of ~% owing to the preventive steps taken by WHO in relation to the
unsafe syringes and increasing vaccinations in the country. Lastly, the Sutures,
catheters, IV Canulas, IV sets, blood bags, ostomy, needles and the remaining
medical consumables collectively captured the remaining ~% revenue share in the
India medical consumables market in the year 2018P.
By Wound Care:-
Traditional wound care was observed to lead the wound care segment and
captured a revenue share of ~% in the year 2018 owing to the high awareness
about these products. Owing to perception of high cost-low benefit for advanced
wound care products, the use of traditional products has been rampant.
Counterfeit and local substitutes are easily available for products in this
segment and there existed a continuous downward pressure on pricing.
By Sutures:-
Absorbable sutures are the most commonly used sutures in India and
contribute a revenue share of ~% in the sutures segment of medical consumables
in 2018. The increasing awareness about
these absorbable sutures among the general public has also resulted in the
growth of absorbable sutures. Non-absorbable sutures are still in demand
because of its effective tensile strength which remains for several months or
even permanent.
By Catheters:-
Urinary and PIV catheters are the leaders in the catheters market and
contributed a revenue share of ~% in the year 2018 followed by cardiovascular
catheter, Haemodialysis catheter and other catheters. The increasing number of
heart disease in India is leading to increased demand of the cardiovascular
catheters. Cardiovascular diseases (CVDs) have now become the leading cause of
mortality in India.
By End User:-
The Hospitals end user segment within India was observed to dominate
the country’s medical consumables market by capturing a massive revenue share
of ~%, in the year 2018 owing to the increasing number of hospitals in the
country and high preference hospitals among patients to avail better and
advanced facilities. The increasing number of accidents, disease and surgeries
in the country is also boosting the hospitals to generate a larger revenue
share in this market. Clinics and Dispensaries generated a revenue share of ~%
in 2018 owing to the prevalence of diseases related to circulatory problems,
diabetes, infections, parasites, and respiratory problems. The smaller clinics
procure the medical consumables products owing to the high number of patients
visiting for the smaller wounds and accidental injury treatment. The others end
user segment includes the other healthcare centers which generated a revenue
share of ~% in 2018.
By Region:-
South region of the country was witnessed to dominate the medical
consumables market with a revenue share of ~% in 2018 owing to the largest
number of hospitals and blood banks available in different states of the south
region. The south region also recorded the highest cases of road accidents
majorly in Tamil Nadu and Maharashtra. South region of the country was followed
by North with a revenue share of ~% as it is the most populated part of India
owing to which the number of patients visiting the hospitals and healthcare
centers is also massive contributing in the medical consumables sector. Lastly,
the west and east region of the country contributed a collective revenue share
of ~% in 2018.
Key Segments Covered:-
By Type of Business Activity:
Local
Production
Import
By Mode of selling:
Distributor
Mediated
Direct
Sales
By Type of Medical Consumables:
Wound care:
Traditional Wound Care:
Gauze
Dressing
Tape
and Bandage
Compression
Bandage and Plasters
Advanced Wound Care
Dressings:
Advanced
Silver Dressings
Foam
Collagen
Hydrocolloid
Alginate
Devices:
Negative
Pressure Wound Therapy
Pressure
Relief
Hyberbaric
Syringes
Sutures:
Absorbable:
Synthetic
Catgut
Non -Absorbable
Catheters:
Urinry
and PI
Cardiovascular
catheter
Haemodialysis
Catheter
Others
IV
Cannula
IV
Set
Blood Bags:
Single
Bags
Multiple Bags:
Double
Bags
Triple
Bags
Quadruple
Bags
Inline
Filter Bags
Ostomy
Needle
Others:-
HME
Endotracheal
Tubes
Tracheostomy
Tubes
By Type of Material Used For Wound Care
Market:-
Glass
Plastic
Textile
By End users:-
Hospitals
Clinics
and dispensaries
Others
By Region:-
South
North
West
East
Key Target Audience:-
Medical
Consumable Manufacturers
Raw
Material Suppliers
Medical
Consumables Distributors
Ministry
Of Health
Venture
Capitalist
Time Period Captured in the Report:-
Historical Period - 2013-2018
Forecast Period - 2019-2023E
Major
Companies Covered:-
Hindustan
Syringes & Medical Devices Limited
Poly
Medicure
Datt
Mediproducts Pvt. Ltd.
Sutures
India
Romson
Group
Becton
Dickinson India Pvt. Ltd
B
Braun Medical India Pvt. Ltd
Coloplast
India Pvt. Ltd
BSN
Medical Pvt. Ltd
Terumo
Penpol India Pvt. Ltd
Other Players
India
Medtronic Pvt. Ltd
Hollister
Incorporated
Vygon
Smiths
Medical India Pvt. Ltd
Triage
Meditech Pvt. Ltd
Fresenius
Medical Care India Pvt. Ltd.
Meril
Life Sciences India Pvt. Ltd
Teleflex
Medical
Lotus
Surgical
Centenial
Surgicals
Global
Medikit
Hemant
Surgicals
Peter
Surgicals
Convatech
3M
Smith
and Nephew Healthcare Pvt. Ltd
Keywords:-
India
Medical Consumables Market
India
Clinics Medical Consumables Market
India
Plastic Wound Care Market
India
Glass Wound Care Market
India
Textile Wound Care Market
Major
Blood Banks in India
India
Medical Devices Market
India
Syringe Market Revenue
India
Sutures Market Size
India
Catheters Market Analysis
India
IV Cannulas Market
India
IV Sets Market
India
Blood Bag Market
India
Ostomy Market Analysis
India
Needle Market Revenue
India
Urinary Catheters Market
India
Peripheral IV Catheter Market
India
Epidural Catheter Market
For more information on the research report, refer to below link:-
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Ken Research
Ankur Gupta, Head Marketing & Communications
Sales@kenresearch.com
+91-9015378249
Ken Research
Ankur Gupta, Head Marketing & Communications
Sales@kenresearch.com
+91-9015378249
