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Indian Medical Device Market Outlook to 2017

  • September 2013
  • -
  • RNCOS
  • -
  • 65 pages

India is a land full of opportunities for players in the medical devices industry. The Indian hospital services generated revenue of more than US$ 45 Billion in 2012. This revenue is expected to rise at a CAGR of 20% during 2012-2017 generating immense possibilities for players in the market. Besides, Indian medical service consumers have become more conscious towards their healthcare upkeep. Thanks to India’s economic growth and a rise in penetration of medical insurance, the 300 Million plus middle class population of India can now afford almost any of its healthcare needs. Such a scenario presents immense opportunities for players in the medical devices business.

The report, “Indian Medical Device Market Outlook to 2017”, provides an extensive research and in-depth analysis of the current status and future outlook of the Indian medical devices market. The market, which stood at around US$ 5.1 Billion in 2012, is expected to grow at a rate of around 16% during 2012-2017, representing one of the fastest growing medical devices markets in the world.

Currently, import constitutes almost 70% of the Indian medical devices market. A historical trend analysis of the total import value of medical devices in India shows that despite a depreciating currency, the trend to import has remained positive. For RNCOS’ study, the company analysts have conducted a thorough trend analysis of medical device imports in the country. What medical devices are majorly imported; what are the key drivers behind their import; and what are the challenges that imports of these medical devices face; such and other factors depicting the overall scenario of medical device imports in the country are provided in the report. Similar facts have been reported for exported and locally manufactured medical devices, providing a complete picture of the Indian medical devices industry. Research findings from the study will help players in identifying distinct opportunities. They will get an insight on which medical devices are exported to which countries. Also, local players will get to know which medical devices are majorly imported and thus can be intelligently targeted.

In addition to the above, the study delves into the market by categorizing it on the basis of application of medical devices. The major categories covered are Medical and Diagnostic Equipments; Medical Implants; and Medical Disposables and Supplies. Insights on the current market and future outlook to 2017 will equip companies with business intelligence that will help them align their operations when market grows and thereby maximize earnings.

Other important parameters that will particularly help foreign medical device manufacturers in knowing India better include knowledge on the distribution system and the regulatory environment in India. The report will help build an understanding on the various registration requirements in the country and will also help companies in their regulatory compliance planning and efforts.

The study, in other chapters, importantly provides the latest market trends, drivers and challenges with an overview of the current competitive landscape. All in all, the report is a comprehensive review of the current and expected outlook of the Indian medical devices market by 2017, making it a must buy for everyone keen on making the most in one of the fastest growing medical devices markets in the world.

Table Of Contents

Indian Medical Device Market Outlook to 2017
1. Analyst View
2. Research Methodology
3. Indian Medical Device Market Outlook to 2017
3.1 Imports
3.2 Exports
3.3 Domestic Sales: Locally Manufactured Goods
4. Market Segment Analysis
4.1 Medical and Diagnostic Equipments
4.2 Medical Implants
4.3 Medical Disposables and Supplies
5. Key Trends
5.1 Refurbished Medical Devices: Promoting Affordable Buying
5.2 Domestic Players: Offering Cutting-Edge Tech at Affordable Prices
5.3 Medical Devices for Self Medication and Monitoring Boosting the Indian Market
6. Regulatory Environment
6.1 The Role of the Central Drugs Standard Control Organization
6.2 Registration Requirements
7. Drivers and Challenges
7.1 Drivers
7.2 Challenges
8. Distribution Channel
9. Competitive Landscape
9.1 3M India Limited
9.2 Abbott India Limited
9.3 Baxter (India) Private Limited
9.4 Becton Dickinson
9.5 Boston Scientific
9.6 GE Healthcare
9.7 India Medtronic
9.8 Johnson and Johnson
9.9 Philips Electronics India Limited
9.10 St. Jude Medical India

List of Figures:

Figure 3-1: Medical Device Market (Billion US$), 2012-2017
Figure 3-2: Medical Device Market - Domestic Sales Vs Exports (%), 2012
Figure 3-3: Domestic Sales Breakup by Source of Medical Device (%), 2012
Figure 3-4: Medical Device Imports (Billion US$), 2007-2012
Figure 3-5: Breakup of Medical Device Import by Country (%), 2012
Figure 3-6: Medical Device Exports (Million US$), 2007-2012
Figure 3-7: Breakup of Medical Device Export by Country (%), 2012
Figure 3-8: Medical Device Market for Locally Manufactured Goods (Million US$), 2012-2017
Figure 4-1: Medical Device Market by Segments (%), 2012
Figure 4-2: Medical Device Market by Segments (%), 2017
Figure 4-3: Medical and Diagnostic Equipments Market (Billion US$), 2012-2017
Figure 4-4: Medical Implants Market (Billion US$), 2012-2017
Figure 4-5: Medical Disposables and Supplies Market (Billion US$), 2012-2017
Figure 8-1: Medical Device Market - Distribution Channel

List of Tables:

Table 3-1: Key Imported Medical Devices (Million US$), 2011 and 2012
Table 3-2: Key Exported Medical Devices (Million US$), 2011 and 2012
Table 4-1: Leading Players in the Indian Medical and Diagnostic Equipments Market
Table 4-2: Leading Players in the Indian Medical Implants Market
Table 4-3: Leading Players in the Indian Medical Disposables and Supplies Market
Table 6-1: Medical Devices Notified Under the Drugs and Cosmetics Act
Table 6-2: Key Documents Required for Registration of Medical Devices in India
Table 6-3: Key Documents Required for Medical Device Import License Application in India
Table 6-4: Key Documents Required for Grant of License in Form-28 for Manufacture of Medical Devices in India
Table 9-1: 3M India Limited - Key Medical Devices
Table 9-2: Abbott India Limited - Key Medical Devices
Table 9-3: Baxter India - Key Medical Devices
Table 9-4: Becton Dickinson India - Key Medical Devices
Table 9-5: Boston Scientific India - Key Medical Devices
Table 9-6: GE Healthcare India - Key Medical Devices
Table 9-7: India Medtronic - Key Medical Devices
Table 9-8: Johnson and Johnson India - Key Medical Devices
Table 9-9: Philips Electronics India Limited - Key Medical Devices
Table 9-10: St. Jude Medical India - Key Medical Devices

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