Showing posts with label Number Of Caesarean Surgeries In India. Show all posts
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Tuesday, September 3, 2019

India Medical Consumables Market Research Report And Market Outlook: Ken Research


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:-

Related Reports:-



Contact Us:-
Ken Research
Ankur Gupta, Head Marketing & Communications
Sales@kenresearch.com
+91-9015378249

Monday, September 2, 2019

Medical Consumables Sector in India Driven by Increasing Pool Of Well-Trained Medical Professionals And Country’s Healthcare Cost Competitiveness Compared To Its Peers In Asia And Western Countries: Ken Research


“India has become one of the leading destinations for high-end healthcare services with tremendous capital investment for advanced medical facilities and also offers vast opportunities in R&D as well as medical tourism which have positively impacted the medical consumable Industry of India.”

The report titled India Medical Consumables Market Outlook to 2023 – Driven by Surge in adoption of Innovative Medical consumable products coupled with Rising Outpatient Revenueby Ken Research recommends that the companies operating in medical device market of India can expand their market share and increase revenue generated by increasing awareness among the consumers, increasing investments in the R&D, adopting advanced and innovative medical consumable products, improvement in the marketing strategies, provide training to the sales executives and others. The market is expected to register a positive CAGR of 11.6% in terms of revenue during the forecast period 2018P-2023E.

Increased awareness regarding treatment of chronic and acute wounds: Over the years, India has witnessed an increase in the awareness regarding treatment of chronic and acute wounds such as diabetes, mellitus, atherosclerosis, tuberculosis and leprosy. Both chronic and acute wounds cases have inclined by 3-4% annually in the last five years. In accordance with India Heart Association, India accounts for 60.0% of the world’s heart disease which have been increasing over the years. The country also witnessed about 65 million diabetes patients, and about 80% of those cases are caused by obesity. The dengue cases in India increased from 60,000 in 2009 to 188,401 in 2017 as reported by National Vector Borne Disease Control Programme. Whereas, according to the Union Health Ministry the number of dengue case observed in 2018 (up till September) was around 40,000.

Emergence of Domestic and International Companies: Owing to the increasing health issues in the country, opportunities for the medical device and consumable companies have increased over the years. Factors such as rising population, low cost manufacturing, minimal entry barrier and others have lead to the entrance of both the international and domestic companies in India. Each product category in the market has an extensive list of manufacturing companies which includes both international and domestic companies.

Rising Government Initiatives: Government initiatives such as National Rural Health Mission, National Urban Health Mission, Ayushman Bharat Yojna, Make in India and others have contributed for the development of medical consumables market in India. Make in India initiative was launched by the Government of India in the year 2014 to encourage companies to manufacture their products and to boost entrepreneurship in India, not only in the manufacturing sector but also other sectors. The government’s flagship scheme Ayushman Bharat PMJAY, in its first year managed to empanel over 15,000 hospitals and has already benefitted over 27 lakh patients in India. The Ayushman Bharat scheme is expected to grow the health insurance market in India.

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

For more information on the research report, refer to below link:-

Related Reports:-



Contact Us:-
Ken Research
Ankur Gupta, Head Marketing & Communications
Sales@kenresearch.com
+91-9015378249