India Medical Consumables Market is expected to reach around INR 210 billion in terms of Revenue by the year ending 2023: Ken Research

• In accordance with, Ministry of Road Transport and Highways the number of road accidents in India has increased from 406,726 in 2003 to 461,000 in 2018.
• India collected 11.45 million units of blood in 2017-18, and met 88% of its 13 million units target based on World Health Organization (WHO) norms.
• In accordance with National Health Policy 2017, the government health expenditure would increase from 1.4% of GDP in 2017 to 2.5% of GDP by 2025.

Healthcare sector gaining Traction in India: India is witnessing growth in its healthcare sector owing to the increasing government investments in this sector, increasing health issues in the country coupled with growing health tourism in the country. In accordance with National Health Policy 2017, the government health expenditure would increase from 1.4% of GDP in 2017 to 2.5% of GDP by 2025. These all factors are fueling the growth of healthcare sector in the country which in turn would lead to the growth of medical consumables market.

Increase in trend for consumable medical supplies to avoid contamination and healthcare-acquired infections: The country is observing a growth in the awareness and adoption of medical consumable products. Development of the economy along with increasing literacy rate is leading to more health conscious consumers who are now demanding more hygiene in surgeries and treatments and this trend is expected to grow in the future. The growing prevalence of diseases, increasing number of accidents and surgeries in the country has augmented the demand for medical consumables. The country is soon to be named as the country with the most Cesarean births in the world and is expected to be the osteoarthritis capital of the world by 2025 with over 60 million cases.

Increasing Geriatric Population: In accordance with World Bank, Population aged 65 and above (% of total) in India was reported at 5.989 % in 2017. The government stated in the Parliament that India will have 34 crore people above 60 years of age by 2050. During 2000-2050, the overall population of India will grow by 56%, while the 60-plus population will increase by a whopping 326% and 700% in 80-plus age group. The increasing population of age group above 60 would lead to increase in the inpatients with chronic diseases which would lead to a higher demand for the medical consumable products in the country.

Analysts at Ken Research in their latest publication “India Medical Consumables Market Outlook to 2023 – Driven by Surge in adoption of Innovative Medical consumable products coupled with Rising Outpatient Revenue” believe that the medical consumables industry in India has been growing and is expected that it will expand further owing to the innovations in the medical consumable products, increasing awareness, increasing accidents and surgeries in the country, rise in the number of hospitals, growing healthcare sector, government initiatives and others. The industry revenue is expected to register a positive CAGR of 11.6% for India medical consumables market during the forecast period 2019-2023.

For more information on market research report, please refer to the link below:
https://www.kenresearch.com/healthcare/medical-devices/india-medical-consumables-market/249977-91.html

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:
o Traditional Wound Care:
 Gauze
 Dressing
 Tape and Bandage
 Compression Bandage and Plasters
o Advanced Wound Care
 Dressings:
 Advanced Silver Dressings
 Foam
 Collagen
 Hydrocolloid
 Alginate
 Devices:
 Negative Pressure wound therapy
 Pressure Relief
 Hyberbaric
 Syringes
 Sutures:
o Absorbable:
 Synthetic
 Catgut
o Non -Absorbable
 Catheters:
o Urinry and PI
o Cardiovascular catheter
o Haemodialysis catheter
o Others
 IV Cannula
 IV Set
 Blood bags:
o Single bags
o Multiple bags:
Double bags
Triple Bgas
Quadruple bags
o Inline filter bags
 Ostomy
 Needle
 Others:
o HME
o Endotracheal tubes
o 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
• Medical consumables Distributors
• Ministry of Health
• Venture capitalist
• Medical device/ Consumables company

Time Period Captured in the Report:
• Historical Period - 2013-2018
• Forecast Period – 2019P-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

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