Medical Devices Market in India 2011

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Medical Devices Market - India
November 2011
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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
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MEDICAL DEVICES MARKET IN INDIA 2011.PPT
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Introduction
Market Overview
Drivers Challenges
Trends
Government Involvement
Government Bodies
Government RegulationsGovernment Initiatives
Competition
Strategic Recommendations
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MEDICAL DEVICES MARKET IN INDIA 2011.PPT
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India's medical device market is currently the
fourth largest
market in Asia and ranks among the worlds 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
s2r2
Treatment 1, Treatment 2 and Treatment 3
r1s1
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
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MEDICAL DEVICES MARKET IN INDIA 2011.PPT
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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
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MEDICAL DEVICES MARKET IN INDIA 2011.PPT
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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
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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
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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
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