The report titled “India Medical Consumables Market Outlook to 2023 – Driven
by Surge in adoption of Innovative Medical consumable products coupled with Rising
Outpatient Revenue” provides a comprehensive analysis of medical consumables
market in India. The report focuses on overall market size for medical
consumable products in India; India medical services market segmentation By
Type of business activity (Local
production, Import), By Mode of selling (Distributor mediated, Direct sales),
By Type of Medical consumables (Wound care, syringes, sutures, catheters, IV
cannulas, IV sets, blood bag, ostomy, needles and others), By catheters (Urinary
and PIV, Cardiovascular catheter, Haemodialysis catheter and others), By others
(HME Filters, Endotracheal tubes and Tracheostomy tubes), By Sutures (Absorbable
sutures and Non-absorbable sutures), By Absorbable sutures (Synthetic suture
and Catgut suture), By wound care (Traditional Wound Care and Advanced Wound
Care), By Traditional wound care (Gauze, dressing, Tape and Bandage and Compression
Bandage and Plasters), By Advanced Wound Care (Dressings and Devices), By Advanced
Wound care Dressings (Advanced Silver Dressings, Foam, Collagen, Hydrocolloid
and Alginate), By Advanced Wound care Devices (Negative Pressure wound therapy,
Pressure Relief and Hyberbaric), By type of material for wound care market (Glass,
Plastic and Textile), By Blood Bags Market (Single bags, Multiple bags and Inline
filter bags), By Multiple Blood Bags Market (Double bags, Triple bags and Quadruple
bags), By End user (Hospitals, Clinics and Dispensaries and others) and By
Region (South, North, West and East). The
report also covers the overall comparative landscape, trends and growth
drivers, issues and challenge, decision making parameters, SWOT analysis and
Government regulations in the market. The report concludes with future projections
for all the segments and analyst recommendations highlighting the major
opportunities and cautions.
India Medical Consumables Market Overview and Size
Medical
consumables market in India is at a growth stage and has significant potential
to grow in the country. The market encompasses of several products from basic
cotton gauze to complex collagen-based dressings, sutures, catheters and
others. The country’s medical consumables market revenues were observed to grow
during the review period 2013-2018. Incline in incidences of accidents and
diseases in the country coupled with rise in number of cosmetic surgeries and
surgical births aided towards the growth of medical consumables market in the last
few years. The market is highly dependent on the local production and the
market continues to expand at a steady pace. The market is price sensitive,
which explains the growing presence of local manufacturers of medical
consumables. Major factors impacting demand are population growth, steady
economic growth and hospital expansion and upgrading.
India Medical consumables Market Segmentations
By Business Activity (Local production and Imports): The Indian market is a mix of both imported and domestically
manufactured medical consumables. The
local production dominated the medical consumables market in India. The international
companies such as Triage Meditech Pvt. Ltd, B Braun Medical Pvt. Ltd and others
have established their manufacturing unit in India owing to the low medical
consumables manufacturing.
By Mode of Selling: Distributor mediated sales have accounted for the largest
share of revenue in India medical consumables market in 2018. The medical
consumable companies including both the international and domestic choose a
distributor mediated network so as to spread the business in different regions
of the country. Direct sales are low owing to the lack of awareness about the
medical consumables companies.
By Type of Medical Consumable: Wound care products were observed to dominate the medical
consumable product category segment in 2018 owing to the increasing number of
accidents and surgeries in India. Also, the wound care products are in demand
both by the hospitals, other health care centers and general public for their
first aid owing to which the market generates the highest revenue share in the
medical consumables industry in India. The market is followed by syringes,
sutures, catheters, IV Cannula, IV Sets, blood bags, ostomy, needles and others
which include consumables such as HME filters, endotracheal tubes and
tracheostomy tubes.
By Catheters: Urinary
and PIV catheters have accounted for the highest revenue share in India medical
consumables market in 2018. The rising diseases such as bladder obstruction,
urinary retention, urinary incontinence, and bladder cancers in India are
leading to the growth of this market. The market was followed by Cardiovascular
in 2018, owing to the high number of cardiac diseases in the country followed
by Haemodialysis catheter and other catheters.
By Wound care: Traditional
wound care is the primary treatment approach in India. Owing to perception of
high cost-low benefit for advanced wound care products, the use of traditional
products has been rampant. The segment has witnessed huge demand for products
such as cotton, gauge, dressings and bandages. These products are affordable by
everyone and enjoy high adoption in medical institutions, clinics and end
consumers. Among the traditional wound care products in India, Gauze
contributed the highest revenue share whereas in the advanced wound care market
dressing was the market dominator.
By Advanced wound care dressings: Advanced silver dressings were the most widely used product
in the advanced wound care dressings segment. Better healing and anti-microbial
properties of advanced dressings has witnessed adoption in the country and was
observed to occupy massive revenue share in the market. Advanced silver
dressing was followed by Foam, Collagen, Hydrocolloid, and alginate products in
the advanced wound care dressing product segment in 2018 respectively.
By Advanced wound care devices: Negative Pressure Wound Therapy (NPWT) is the most popular
device used in advanced wound management and comprised for the largest market
share in 2018. Effectiveness of negative pressure wound therapy in treating
acute and chronic wounds such as leg ulcers, decubitus ulcers, skin grafts,
vascular surgery wounds, burns and several others has been key factor driving
its adoption across hospitals, clinics, and homecare settings. Negative
Pressure Wound Therapy was followed by Pressure relief devices and hyperbaric
oxygen therapy devices.
By Sutures: Absorbable
sutures are the most commonly used sutures in India and increasing awareness
about these absorbable sutures among the general public has also resulted in
the growth of absorbable sutures leading to the highest revenue share in the
sutures segment of medical consumables in 2018 followed by non-absorbable
sutures. In the absorbable sutures category, synthetic sutures dominated the market
followed by catgut suture.
By Blood bags: Multiple
blood bags were the most widely used in the blood bags segment owing to the
increasing surgeries and blood donations in the country where these bags are
widely used. The multiple blood bags dominated the blood bag market in terms of
revenue share in 2018. Multiple blood bags were followed by Single blood bag
and Inline filter blood bag. In the multiple blood bags segment, Triple blood
bag has highest share followed by double blood bag and Quadruple bags.
By End User: Hospitals
both public and private are the major end users of medical consumables and have
witnessed the highest revenue share in India medical consumables market in
2018. The increasing number of hospitals and the adoption of the advanced
facilities at these hospitals are leading to the growth of this end user
segment in the country.
India Medical Consumable Competition Overview
India
medical consumables market is highly fragmented due to the presence of large
number of international companies and local distributors leading to dilution of
market share. The each product category of the medical consumables has a huge
number of companies in the market making each product category fragmented in
the market. The international companies distribute their products through
authorized distributors located across India and few have also set up their
manufacturing unit in the country. Some of the major companies such as 3M,
Coloplast India, Johnson & Johnson, Hindustan syringes and medical devices,
Romson group, Terumo Penpol India Pvt. Ltd., B Braun Medical India Pvt. Ltd., India
Medtronic Pvt. Ltd., Becton Dickinson India Pvt. Ltd. were witnessed to lead in
terms of market share in different medical consumable category followed by Sutures
India, Polymed, Fresenius Medical Care India Pvt. Ltd., Smith and Nephew
Healthcare Pvt. Ltd., Datt Mediproduct and others.
India Medical Consumables Future Outlook and Projections
The country’s medical consumables market revenues are
further estimated to grow in terms of
revenue. The
increasing manufacturing of medical consumables in country would lead to a
massive growth in the volume of medical consumables which would result in the
downfall of the value in the market. Aging
population along with increase in number of hospitals and clinics, increase in
total healthcare expenditure by the government and increase in medical tourism
in the country are going to impact the demand for medical consumables in the
positive manner. Additionally, setting up of research and development centers and
potential medical educational universities is expected to boost demand for
medical devices in the country.
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
Key Topics Covered in the Report:-
Executive Summary
Research Methodology
India Medical Consumables Market Introduction
Value chain analysis in India Medical Consumables
Market
India Medical Consumables Market Size
India Medical Consumables Market Segmentations
Analysis on India Medical Consumables Market
End user analysis for buying Medical consumables in
India
Trends and Developments in India Medical Consumables
Market
Issues and Challenges in India Medical Consumables
Market
Regulatory Environment in India Medical Consumables
Market
SWOT analysis of India Medical Consumables Market
Competitive Landscape In India Medical Consumables
Market
Company Profile Of Major Players In India Medical
Consumables Market
India Medical Consumables Market Future outlook and
projections, 2019-2023
Analyst recommendations
For more information on
the research report, refer to below link:-
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Ankur Gupta, Head Marketing & Communications
Sales@kenresearch.com
+91-9015378249
Ken Research
Ankur Gupta, Head Marketing & Communications
Sales@kenresearch.com
+91-9015378249
