Import Need for Wound Care and Burn Dressings in India: A Bioeconomic Challenge

Abstract

To present an overview of import need for wound care and burn dressings in India. This article provides a complete analysis of the import-export value of wound care and burn dressings in India. It helps in preparing growth strategies, knowledge about leading players, recent developments, business strategies, and manufacturing status of the wound care and burn dressings in India. A trend analysis of import-export was carried out for wound and burn dressings in India. Raw data of the years (2008-2017) were collected from various market research analysis sites and import need was identified. The detailed analysis reveals that India is a growing market for wound and burn dressings and spends a lot of the exchequer on importing the subject commodity. Wound dressing export is averaged to the same from 2013 to 2017. India saw a rise in wound dressing export after 2012. India saw a rise of wound dressing import over the past 10 years. It averaged 502.6 million from 2008 to 2017 and it reached its all-time high of 765 million in 2016. The import value was found quite high as compared to export. The report of import and export analysis very clearly highlights that there is a strong demand for dressings in the country and due to lack of own manufacturers of such dressing in India, these are imported. Since these products are expensive, there is a large outflow of Indian currency due to imports. It is imperative that such products get government attention and should be manufactured within the country.