Summary
Espicom's in-depth medical device market reports are ideal for executives wanting to understand the key drivers in medical markets and have access to a wealth of statistical data. Each report opens with an outlook section that provides analysis of the market, 5-year market forecasts, national data projections, market outlook and key developments such as regulation, health facilities and government policy. The report also provides extensive background information, population trends, health status, health expenditure, organisation & administration, hospital services, medical personnel, healthcare development, market access information, trade data and essential industry contacts. Included with the report are 3 free quarterly updated outlook reports, enabling you to keep up to date with market developments for a year.
Description
India has a huge population in excess of one billion people and a growing middle class with access to high quality healthcare. Conversely, in this geographically vast country plagued by natural disasters, the majority of the population is both rural and poor.
The Indian market for medical equipment and supplies ranks among the world's top 20 but, despite strong growth rates, the market remains disproportionately small with per capita spending of US$2.
High quality, high tech products are sought after, particularly in the private sector.
Future increased demand for medical equipment and supplies will come mainly from private sector hospitals and medical centres.
Detailed regulation of medical devices is still under consideration. In October 2005, a number of in vivo medical devices were added to the Drugs and Cosmetics Act, bringing them into regulatory control. New guidelines for sterile medical devices came into force on 1st March 2006. In March 2009, clarification was published, which provided a list of additional sterile medical devices to be included under the provisions of the Drugs and Cosmetics Act and Rules.
Latest annual data to May 2011 saw imports rise by just 2.3%, which is fairly low for India, but a higher rate can expected once the full year 2011 data is collated based on recent annual data trends. The total for the period, at US$1,648.5 million, is the highest on record. Orthopaedics was the strongest performer, rising by 24.8% during the period followed by consumables, which grew by 13.5%. Patient aids remained flat during the period and diagnostic imaging fell by 4.2%.
Includes 3 quarterly updated outlook reports!
Please note: Report sections are periodically updated and some sections may have been updated more recently than the publication date given for the full report.
Related Pages
The Medical Device Market Hong Kong
The Medical Device Market Indonesia
More Information...
MARKET OUTLOOK
Key national data projections
Current market size
Unique 5-year market projections
Market outlook
Market structure; Including statistical data on imports and exports;
Market access; Including distribution and medical device regulation;
Healthcare analysis; Including demographics, healthcare system, health expenditure, healthcare infrastructure and personnel
HEALTHCARE DATA: A comprehensive tabula review of the market, including economic indicators, demographics, health expenditure, hospital and primary care data, and healthcare personnel.
DISTRIBUTORS: Details of the medical equipment distributors held in Espicom's database at the time of publication.
