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The Medical Device Market: India
Date:11/25/2013

London (PRWEB) November 25, 2013

OVERVIEW OF THE MEDICAL MARKET IN INDIA

India has the third largest GDP in Asia, behind China and Japan. Per capita GDP remains relatively low, however, at around US$1,488 in 2013. Economic growth hit a decade-low of 5.0% in 2012, but growth rates are expected to gradually pick up reaching 5.5% in 2013 and 6.0% in 2014. BMI is forecasting average real GDP expansion of 6.4% per annum over the next five years, driven, ultimately, by the Indian consumer. However, per capita income will remain less than a third that of China's at US$2,435 in 2018.

The private sector is the dominant healthcare provider, particularly in urban areas, and as such is the major end-user of medical equipment. High quality, high tech products are sought after, particularly by facilities run by corporate groups such as Apollo Hospitals and Fortis Healthcare. An estimated 95% of all new hospital beds created in recent years have been in the private sector and future increased demand for medical equipment and supplies is likely to continue to come mainly from private sector hospitals and medical centres.

Health insurance uptake remains low; private health insurance funds less than 5.0% of private health spending and only around 3.2% of total health expenditure. Since 2008, the government has funded a scheme to provide health insurance coverage for the very poor, which currently covers around 32mn families.

Detailed regulation of medical devices remains a work in progress. To date a number of implantable and sterile medical devices have been added to the Drugs and Cosmetics Act, bringing them into regulatory control and new guidelines for sterile medical devices came into force on 1st March 2006. The government has been working on the revision of rules in recognition of the need to consider medical devices as a separate category. The new regulations were to have been published as the Drugs, Cosmetics and Medical Device bill in the winter 2012 parliamentary session, but doubt remains over the future of the bill amidst reports that it does not meet the requirements of the medical device industry in its present form. In the meantime, the medical device industry has called on the government to come up with an interim regulatory mechanism in the form of a guidance document.

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WITH THIS MARKET REPORT YOU CAN
Evaluate the potential of the market
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Understand the operating and regulatory environment
Gain a complete picture on health expenditure and infrastructure
Review the competitive environment

Espicom Industry View 7
Espicom Industry View 7
SWOT 9
Medical Device Market 9
Political 10
Economic 12
Business Environment 14
Industry Forecast 16
Medical Device Market Forecast 16
Past Performance 2008-2013 16
Future Performance 2013-2018 18
Table: Projected Medical Device Market, 2013-2018 21
Table: Detailed Medical Device Market By Product Area, 2008-2018 (US$mn) 22
Table: Detailed Medical Device Market By Product Area, 2008-2018 (US$ Per Capita) 25
Table: Detailed Medical Device Market By Product Area, 2008-2018 (% Of Total) 28
Table: Detailed Medical Device Market By Product Area, 2009-2018 (US$mn, % Change) 31
Consumables Market Forecast 34
Table: Consumables Market, 2008-2018 (US$mn) 36
Table: Consumables Market, 2008-2018 (US$ Per Capita) 37
Table: Consumables Market, 2009-2018 (US$mn, % Change) 38
Diagnostic Imaging Market Forecast 40
Electrodiagnostic Apparatus Sector 40
Radiation Apparatus Sector 41
Imaging Parts & Accessories Sector 42
Table: Diagnostic Imaging Market, 2008-2018 (US$mn) 42
Table: Diagnostic Imaging Market, 2008-2018 (US$ Per Capita) 43
Table: Diagnostic Imaging Market, 2009-2018 (US$mn % Change) 44
Dental Products Market Forecast 46
Table: Dental Products Market, 2008-2018 (US$mn) 47
Table: Dental Products Market, 2008-2018 (US$ Per Capita) 47
Table: Dental Products Market, 2009-2018 (US$mn, % Change) 48
Orthopaedics & Prosthetics Market Forecast 50
Table: Orthopaedics & Prosthetics Market, 2008-2018 (US$mn) 51
Table: Orthopaedics & Prosthetics Market, 2008-2018 (US$ Per Capita) 52
Table: Orthopaedics & Prosthetics Market, 2009-2018 (US$mn, % Change) 52
Patient Aids Market Forecast 54
Table: Patient Aids Market, 2008-2018 (US$mn) 55
Table: Patient Aids Market, 2008-2018 (US$ Per Capita) 55
Table: Patient Aids Market, 2009-2018 (US$mn, % Change) 56
Other Medical Devices Market Forecast 58
Table: Other Medical Devices Market, 2008-2018 (US$mn) 59
Table: Other Medical Devices Market, 2008-2018 (US$ Per Capita) 60
Table: Other Medical Devices Market, 2009-2018 (USmn,% Change) 61
Annual Medical Device Imports 64
Table: Medical Device Imports By Product Area, 2008-2012 (US$000s) 67
Table: Medical Device Imports By Product Area, 2008-2012 (US$000s, % Change) 68
Table: Medical Device Imports By Product Area, 2008-2012 (Local Currency 000s) 69
Table: Medical Device Imports By Product Area, 2008-2012 (Local Currency 000s, % Change) 70
Table: Medical Device Imports By Product Area, 2008-2012 (% Distribution) 72
Table: Leading Medical Device Suppliers By Product Area, 2012 (US$000s) 74
Table: Leading Medical Device Suppliers By Product Area, 2012 (% Distribution) 75
Table: Top 20 Medical Device Suppliers, 2012 (US$000s) 77
Table: Detailed Medical Device Imports By Product Area, 2008-2012 (US$000s) 78
Table: Detailed Medical Device Import Trends By Product Area, 2012 81
Table: Detailed Leading Medical Device Suppliers By Product Area, 2012 (US$000s) 85
Monthly Medical Device Imports 88
Table: Monthly Medical Device Imports By Product Area, April 2010 - April 2013 (US$mn) 88
Annual Medical Device Exports 90
Table: Medical Device Exports By Product Area, 2008-2012 (US$000s) 93
Table: Medical Device Exports By Product Area, 2008-2012 (US$000s, % Change) 94
Table: Medical Device Exports By Product Area, 2008-2012 (Local Currency 000s) 95
Table: Medical Device Exports By Product Area, 2008-2012 (Local Currency 000s, % Change) 96
Table: Medical Device Exports By Product Area, 2008-2012 (% Distribution) 98
Table: Leading Medical Device Destinations By Product Area, 2012 (US$000s) 100
Table: Leading Medical Device Destinations By Product Area, 2012 (% Distribution) 101
Table: Top 20 Medical Device Destinations, 2012 (US$000s) 103
Table: Detailed Medical Device Exports By Product Area, 2008-2012 (US$000s) 104
Table: Detailed Medical Device Export Trends By Product Area, 2012 107
Table: Detailed Leading Medical Device Destinations By Product Area, 2012 (US$000s) 111
Table: Detailed Medical Device Balance Of Trade, 2008-2012 (US$000s) 114
Monthly Medical Device Exports 117
Table: Monthly Medical Device Exports By Product Area, April 2010 - April 2013 (US$mn) 117
Macroeconomic Forecasts 119
Economic Analysis 119
Industry Risk Reward Ratings 126
Industry Risk Reward Ratings 126
Table: Espicom Analysis of the Medical Device Market, 2013 126
Market Overview 128
Medical Device Market Overview 128
Overview 128
Table: Medical Device Market, Key Ratios, 2013 129
The Market In 2013 129
Table: Medical Device Market By Product Area, 2013 130
Healthcare Overview 131
Healthcare System 131
Health Insurance 135
Health Expenditure 137
Table: Key Data, 2008-2013 137
Industry Trends And Developments 140
Industry Trends & Developments 140
Regulatory Development 146
Medical Device Regulations 146
Competent Authority 146
Regulations 146
Competitive Landscape 152
Domestic Medical Device Production 152
National Medical Device Manufacturers 153
Multinational Medical Device Manufacturers 160
Baxter International 160
B. Braun 161
Becton Dickinson 162
Carl Zeiss Meditec 162
GE Healthcare 162
Johnson & Johnson 164
Nipro Corporation 165
Philips 166
Schiller Healthcare India 168
Siemens 168
Terumo 170
Multinational Market Activity 171
Table: Multinational Company Activity, 2013 171
Medical Device Market Access 174
Distribution 174
Import Duties 174
Trade Associations 174
Trade Show 175
Methodology 176
Table: Used HS Trade Codes, 2013 177
Table: Rearranged HS Trade Codes, 2013 179

Read the full report:

The Medical Device Market: India

http://www.reportbuyer.com/pharma_healthcare/medical_devices/medical_device_market_india.html#utm_source=prnewswire&utm_medium=pr&utm_campaign=Medical_Devices

For more information:
Sarah Smith
Research Advisor at Reportbuyer.com
Email: query@reportbuyer.com
Tel: +44 208 816 85 48
Website: http://www.reportbuyer.com/

Read the full story at http://www.prweb.com/releases/2013/11/prweb11367797.htm.


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