India Medical Equipment Industry: Defying Global Recession

India Medical Equipment Industry: Defying Global Recession

India Medical Equipment Industry: Defying Global Recession

Summary

GlobalData's new report - "India Medical Equipment Industry: Defying Global Recession", explores the medical equipment industry in India.
The medical devices industry in India was valued at $2.7 billion in 2008. Driven by increasing awareness and affordability coupled with an increasing patient pool, the market is forecast to grow by 12% annually for the next seven years to reach $6 billion in 2015.
While the ongoing global recession continues to hurt businesses around the globe the medical devices industry in India is expected to come out unscathed. The fact that the Indian medical devices industry, so far, has remained insulated from the global recession can be attributed to several ongoing trends. Firstly, the demand for healthcare in India is not tied to consumer discretionary spending. Secondly, an affluent and aware patient population in India continues to demand improved health services. Finally, the fact that the corporate hospital groups in India are responding to the demand by building up new healthcare infrastructure should ensure that the all stakeholders in this industry continue to benefit.

Scope

- Insights into market sizing and top level data on the medical equipment industry in India
- Analysis of the key recent trends and factors driving the growth of the market
- Review of key factors enabling the medical equipment industry in India to resist the economic recession

Reasons to buy

- Develop business strategies with the help of specific insights from GlobalData on key events within the medical equipment industry.
- Gain a strong understanding and analyze major trends in the Indian medical equipment industry
- Identify growth opportunities within the medical equipment industry in India

Table Of Contents

1 Table of Contents 2
1.1 List of Tables 4
1.2 List of Figures 5
2 GlobalData Viewpoint 6
2.1 Summary 6
3 India Medical Equipment Industry: Defying Global Recession 7
3.1 Summary 7
3.2 Positive Demographic and Socio-economic Outlook 7
3.2.1 An Aging Population Growth Demanding Access to Quality and Affordable Healthcare 7
3.2.2 Private Health Insurance Coverage is Set to Increase 7
3.2.3 A Booming Economy Resulting in an Affluent Consumer Base 8
3.3 Devices Indicated for Lifestyle Disorders to Drive Growth 8
3.3.1 The Cardiovascular Devices Market to Grow at a Double-Digit Pace 9
3.3.2 The Orthopedic Devices Market to Double in Size by 2015 10
3.4 The India Medical Equipment Industry Stays Resilient to the Recession 11
4 Appendix 13
4.1 GlobalData Research Methodology 13
4.2 Secondary Research 14
4.3 Primary Research 15
4.4 Models 15
4.5 Forecasts 16
4.6 Expert Panel Validation 16
4.7 Currency Conversion 17
4.8 Contact Us 18
4.9 Disclaimer 18
List of Tables

1.1 List of Tables
Table 1: Medical Equipment, Revenue ($ m), India, 2000 – 2008 9
Table 2: Medical Equipment, Revenue ($ m), India, 2008– 2015 9
Table 3: Cardiovascular Devices, Revenue ($ m), India, 2000 – 2008 10
Table 4: Cardiovascular Devices, Revenue ($ m), India, 2008 – 2015 10
Table 5: Orthopedic Devices, Revenue ($ m), India, 2000 – 2015 11
Table 6: Orthopedic Devices, Revenue ($ m), India, 2000 – 2015 11
Table 7: USD to Local Currency, Average Exchange Rate 2008 17
List of Figures

1.2 List of Figures
Figure 1: Medical Equipment, Revenue ($ m), India, 2000 – 2015 9
Figure 2: Cardiovascular Devices, Revenue ($ m), India, 2000 – 2015 10
Figure 3: Orthopedic Devices, Revenue ($ m), India, 2000 – 2015 11
Figure 4: GlobalData Methodology 14