Medical Devices Market in India 2014
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Netscribes’ latest market research report titled Medical Devices Market in India 2014 captures the technologically driven aspect currently prevailing within the Indian healthcare sector. The booming Indian economy is also witnessing a tremendous surge in the domestic healthcare scenario which, in turn, is leading to perpetual demand for high quality medical products. The demand for high-end, quality devices is especially driven by the private healthcare sector in its efforts to provide sophisticated treatment to patients. However, India lags behind in manufacture of technologically advanced high-end medical equipment, and instead has to rely upon imports from multinationals with extensive service networks. On the other hand, the market for less cost intensive medical supplies and disposable equipment is dominated by domestic manufacturers.
Due to the industry’s dependence on imports, multinationals are showing interest in relocation of manufacturing facilities to India as well as in forging alliances with healthcare sector stakeholders in order to capture greater market share. This brings into focus a key role played by the government that involves taxation and import regulations. The government also takes up several initiatives for the benefit of the market.
Netscribes’ latest market research report titled Medical Devices Market in India 2014 captures the technologically driven aspect currently prevailing within the Indian healthcare sector. The booming Indian economy is also witnessing a tremendous surge in the domestic healthcare scenario which, in turn, is leading to perpetual demand for high quality medical products. The demand for high-end, quality devices is especially driven by the private healthcare sector in its efforts to provide sophisticated treatment to patients. However, India lags behind in manufacture of technologically advanced high-end medical equipment, and instead has to rely upon imports from multinationals with extensive service networks. On the other hand, the market for less cost intensive medical supplies and disposable equipment is dominated by domestic manufacturers.
Due to the industry’s dependence on imports, multinationals are showing interest in relocation of manufacturing facilities to India as well as in forging alliances with healthcare sector stakeholders in order to capture greater market share. This brings into focus a key role played by the government that involves taxation and import regulations. The government also takes up several initiatives for the benefit of the market.
Slide 1: Executive Summary
MACROECONOMIC INDICATORS
Slide 2: GDP at Factor Cost: Quarterly (2010-11 – 2013-14), Inflation Rate: Monthly (Jun 2013 – Nov 2013)
Slide 3: Gross Fiscal Deficit: Monthly (Feb 2013 – Jul 2013), Exchange Rate: Half Yearly (Aug 2013 – Jan 2014)
Slide 4: Lending Rate: Annual (2008-09 – 2011-12), Trade Balance: Annual (2009-10 – 2012-13), FDI: Annual (2009-10 – 2012-13)
INDIAN HEALTHCARE SCENARIO
Slide 5-9: Indian Healthcare Industry Overview
INTRODUCTION
Slide 10-13: Medical Devices – Definition and Medical Devices Classification
MARKET OVERVIEW
Slide 14-16: Medical Devices – Market Overview, Market Size & Growth (Value-Wise; 2012 – 2018e)
EXIM
Slide 17-18: Export and Import of Medical Devices – Overview, Size (Value-Wise; 2009-10 – 2012-13), Region-Wise Exports (Value-Wise; 2011-12, 2012-13)
DISTRIBUTION CHANNEL
Slide 19: Distribution Channel
DRIVERS & CHALLENGES
Slide 20: Drivers and Challenges – Summary
Slide 21-27: Drivers
Slide 28-29: Challenges
TRENDS
Slide 30: Trends – Summary
Slide 31-35: Major Trends in the Market
GOVERNMENT INVOLVEMENT
Slide 36-37: Government Bodies
Slide 38-41: Government Regulations
Slide 42-43: Government Initiatives
COMPETITIVE LANDSCAPE
Slide 44: Porter’s Five Forces Analysis
Slide 45-49: Competitive Benchmarking (FY 2013)
Slide 50-74: Major Public Players
Slide 75-120: Major Private Players
Slide 121-122: Snapshot of Other Renowned Players
RECENT INVESTMENTS
Slide 123: Recent Major Investments
STRATEGIC INSIGHTS
Slide 124-126: Strategic Insights
APPENDIX
Slide 127: Key Ratios Description
Slide 128: Sources of Information
MACROECONOMIC INDICATORS
Slide 2: GDP at Factor Cost: Quarterly (2010-11 – 2013-14), Inflation Rate: Monthly (Jun 2013 – Nov 2013)
Slide 3: Gross Fiscal Deficit: Monthly (Feb 2013 – Jul 2013), Exchange Rate: Half Yearly (Aug 2013 – Jan 2014)
Slide 4: Lending Rate: Annual (2008-09 – 2011-12), Trade Balance: Annual (2009-10 – 2012-13), FDI: Annual (2009-10 – 2012-13)
INDIAN HEALTHCARE SCENARIO
Slide 5-9: Indian Healthcare Industry Overview
INTRODUCTION
Slide 10-13: Medical Devices – Definition and Medical Devices Classification
MARKET OVERVIEW
Slide 14-16: Medical Devices – Market Overview, Market Size & Growth (Value-Wise; 2012 – 2018e)
EXIM
Slide 17-18: Export and Import of Medical Devices – Overview, Size (Value-Wise; 2009-10 – 2012-13), Region-Wise Exports (Value-Wise; 2011-12, 2012-13)
DISTRIBUTION CHANNEL
Slide 19: Distribution Channel
DRIVERS & CHALLENGES
Slide 20: Drivers and Challenges – Summary
Slide 21-27: Drivers
Slide 28-29: Challenges
TRENDS
Slide 30: Trends – Summary
Slide 31-35: Major Trends in the Market
GOVERNMENT INVOLVEMENT
Slide 36-37: Government Bodies
Slide 38-41: Government Regulations
Slide 42-43: Government Initiatives
COMPETITIVE LANDSCAPE
Slide 44: Porter’s Five Forces Analysis
Slide 45-49: Competitive Benchmarking (FY 2013)
Slide 50-74: Major Public Players
Slide 75-120: Major Private Players
Slide 121-122: Snapshot of Other Renowned Players
RECENT INVESTMENTS
Slide 123: Recent Major Investments
STRATEGIC INSIGHTS
Slide 124-126: Strategic Insights
APPENDIX
Slide 127: Key Ratios Description
Slide 128: Sources of Information
Market
- Domestic market for medical devices in India was pegged at INR X 1 bn in 20-- which is poised to grow to INR X 7 bn by 20--
- Growing hospital infrastructure and healthcare spending is fostering the need for high-end devices for accurate and fast treatment
Drivers
- Improving health infrastructure
- Increasing healthcare spending
- Changing demographics and growing target consumer group
- Increasing lifestyle diseases and therapies
- Increasing medical tourism in India
- Growing health insurance market
Challenges
- High dependency on imports
- Lack of standard regulatory structure
Trends
- Relocation of manufacturing facilities
- Increasing joint ventures and tie-ups
- Various exhibitions and trade fairs
- Increasing demand for refurbished devices
- Focus on cost reduction and innovation
- Use of plastics in medical devices
Government Involvement
- Govt. bodies and associations such as MoHFW, CDSCO and AIMED are aiming to provide medical devices sector with a regulatory structure in order to promote indigenous production
- CDSCO has laid down registration and license mechanisms to regularize import of drugs and devices
