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Bharatbook.com introduces report on " Medical Devices Market in India 2011 " The report begins with an introduction of medical devices in India and their classification based on relative parameters set by the Indian Government.
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Medical Devices Market - India November 2011
Executive Summary Domestic market for medical devices in India was pegged at INR a bn in 20-- and is expected to grow at a CAGR of x% till 20-- Market Growing hospital infrastructure and healthcare spending is fostering the need for high-enddevices for accurate and fast treatment Drivers: Challenges: Improving health infrastructureIncreasing healthcare spending High dependency on exportsLack of standard regulatorystructure Drivers &Challenges Changing demographics and growing targetconsumer group Increasing lifestyle diseases and therapiesIncreasing medical tourism in India Outsourcing/Relocating of manufacturing Various exhibitions and trade fairs Trends facilities Increasing demand for refurbished Increasing joint ventures and tie-ups devices Govt. bodies and associations like Association 1, Association 2 and Association 3 are aiming toprovide medical devices in India a regulatory structure in order to promote indigenous productionAssociation 1 has laid down registration and license regulations to regularize imports of drugsGovernment has provided tax reliefs, import duty relaxations and has implemented majorinitiatives to boost the sector in India GovernmentInvolvement The industry has a huge influx of foreign players who have consolidated their operations in Indiaeither through establishing subsidiaries or tying up with Indian distributors Competition Players in India are also increasing their manufacturing capacities and are looking at diversifyingtheir product quality and portfolio 2 MEDICAL DEVICES MARKET IN INDIA 2011.PPT
•Introduction •Market Overview •Drivers & Challenges •Trends •Government Involvement Government Bodies Government RegulationsGovernment Initiatives •Competition •Strategic Recommendations 3 MEDICAL DEVICES MARKET IN INDIA 2011.PPT
India's medical device market is currently the fourth largest market in Asia and ranks among the world’s top 20 Market Overview Market Size and Growth •Good healthcare infrastructure, population rise and growing economy are fueling growth in the medical INR bn f 100 x% equipment market ed 80 India's medical devices market is currently the fourth c largest market in Asia b 60 a • There are some ‘y’ medical devices makers in India 40 Most of them make Type 1 products such as Product 1,Product 2, Product 3, Product 4, Product 5, Product 6 andProduct 7 20 0 20-- 20--e 20--e 20--e 20--e 20--e Type 2 products are catered by foreign firms • India requires major foreign participation, especially Market Segmentation in Type 2 devices that account for roughly u-v% of the entire market Segment 1 Segment 3 Currently, most of the reputed Indian healthcare institutesuse foreign medical equipments for the purpose of Segment 2 Segment 4 s2%r2% Treatment 1, Treatment 2 and Treatment 3 r1%s1% • All medical devices sold in India must carry Organization Z ’ s certificate to indicate their p1% p2% q1% conformity with the provisions of this schedule toenable them to move freely within the country q2% 20-- 20--e 4 MEDICAL DEVICES MARKET IN INDIA 2011.PPT
Drivers & Challenges - Summary Drivers Improving health infrastructure Challenges Increasing healthcare spending High dependency on exports Changing demographics and growingtarget consumer group Lack of standard regulatory structure Increasing lifestyle diseases andtherapies Increasing medical tourism in India 5 MEDICAL DEVICES MARKET IN INDIA 2011.PPT
Trends - Summary Outsourcing/Relocating of Increasing demand for refurbished devices manufacturing facilities Key Trends Increasing joint ventures Various exhibitions and trade fairs and tie-ups 6 MEDICAL DEVICES MARKET IN INDIA 2011.PPT
Major Domestic Players (u/v) Company Snapshot: Company 1 Corporate Information Financial Performance Headquarters City 1, State 1Founded 19-- Profit INR mnd 20 Revenue Revenue INR mn Profit / Loss 800 c b 600 a 15400 10 Critical care medical equipments,devices for trauma Products 200 5 Key People Person X - Chairman & MD 0 0 20-- 20-- 20-- 20-- Business Highlights • Provides products and services in the information technology and the healthcare sectors in India • Healthcare division of the company provides medical equipments to critical care, trauma, and operation theatre areasin hospitals; develops specialty critical care/trauma care ambulances; manufactures and supplies mobile medical unitsfor diagnostics; and undertakes turnkey projects for providing customized solutions for construction of modular operation theatres, surgical pendants, and intensive care units • Operates as a subsidiary of Company 2 • Customer base includes major corporates, defense establishments, software technology parks, MNC's and Super-specialty hospitals 7 MEDICAL DEVICES MARKET IN INDIA 2011.PPT