The Medical Device Market: India

  • January 2014
  • -
  • Espicom Business Intelligence
  • -
  • 192 pages

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


PROVIDING STRATEGIC MARKET ANALYSIS EVERY MONTH

Espicom's highly-regarded world medical technology and device market research reports provide enhanced strategic intelligence in a user-friendly format Each report provides in-depth information, setting the medical equipment market in context The reports provide:

Unique projected estimates of market size and growth for 33 equipment categories
Five year statistical data for key economic and healthcare indicators
Information on regulation, distribution and market access, including Espicom’s unique distributor directory
Detailed Medical trade data
Data on leading local/multinational medical equipment players in 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


Table Of Contents

Espicom Industry View 7
SWOT 10
Medical Device Market 10
Political 11
Economic 13
Business Environment 15
Industry Forecast 17
Medical Device Market Forecast 17
Past Performance 2008-2013 17
Future Performance 2013-2018 19
Table: Projected Medical Device Market, 2013-2018 22
Table: Detailed Medical Device Market By Product Area, 2008-2018 (US$mn) 23
Table: Detailed Medical Device Market By Product Area, 2008-2018 (US$ Per Capita) 26
Table: Detailed Medical Device Market By Product Area, 2008-2018 (% Of Total) 29
Table: Detailed Medical Device Market By Product Area, 2009-2018 (US$mn, % Change) 32
Consumables Market Forecast 35
Table: Consumables Market, 2008-2018 (US$mn) 37
Table: Consumables Market, 2008-2018 (US$ Per Capita) 38
Table: Consumables Market, 2009-2018 (US$mn, % Change) 39
Diagnostic Imaging Market Forecast 41
Electrodiagnostic Apparatus Sector 41
Radiation Apparatus Sector 42
Imaging Parts and Accessories Sector 43
Table: Diagnostic Imaging Market, 2008-2018 (US$mn) 43
Table: Diagnostic Imaging Market, 2008-2018 (US$ Per Capita) 44
Table: Diagnostic Imaging Market, 2009-2018 (US$mn % Change) 45
Dental Products Market Forecast 47
Table: Dental Products Market, 2008-2018 (US$mn) 48
Table: Dental Products Market, 2008-2018 (US$ Per Capita) 48
Table: Dental Products Market, 2009-2018 (US$mn, % Change) 49
Orthopaedics and Prosthetics Market Forecast 51
Table: Orthopaedics and Prosthetics Market, 2008-2018 (US$mn) 52
Table: Orthopaedics and Prosthetics Market, 2008-2018 (US$ Per Capita) 53
Table: Orthopaedics and Prosthetics Market, 2009-2018 (US$mn, % Change) 53
Patient Aids Market Forecast 55
Table: Patient Aids Market, 2008-2018 (US$mn) 56
Table: Patient Aids Market, 2008-2018 (US$ Per Capita) 56
Table: Patient Aids Market, 2009-2018 (US$mn, % Change) 57
Other Medical Devices Market Forecast 59
Table: Other Medical Devices Market, 2008-2018 (US$mn) 60
Table: Other Medical Devices Market, 2008-2018 (US$ Per Capita) 61

Table: Other Medical Devices Market, 2009-2018 (USmn,% Change) 62
Annual Medical Device Imports 65
Table: Medical Device Imports By Product Area, 2008-2012 (US$000s) 68
Table: Medical Device Imports By Product Area, 2008-2012 (US$000s, % Change) 69
Table: Medical Device Imports By Product Area, 2008-2012 (Local Currency 000s) 70
Table: Medical Device Imports By Product Area, 2008-2012 (Local Currency 000s, % Change) 71
Table: Medical Device Imports By Product Area, 2008-2012 (% Distribution) 73
Table: Leading Medical Device Suppliers By Product Area, 2012 (US$000s) 75
Table: Leading Medical Device Suppliers By Product Area, 2012 (% Distribution) 76
Table: Top 20 Medical Device Suppliers, 2012 (US$000s) 78
Table: Detailed Medical Device Imports By Product Area, 2008-2012 (US$000s) 79
Table: Detailed Medical Device Import Trends By Product Area, 2012 82
Table: Detailed Leading Medical Device Suppliers By Product Area, 2012 (US$000s) 86
Monthly Medical Device Imports 89
Table: Monthly Medical Device Imports By Product Area, July 2010 - June 2013 (US$mn) 89
Annual Medical Device Exports 91
Table: Medical Device Exports By Product Area, 2008-2012 (US$000s) 94
Table: Medical Device Exports By Product Area, 2008-2012 (US$000s, % Change) 95
Table: Medical Device Exports By Product Area, 2008-2012 (Local Currency 000s) 96
Table: Medical Device Exports By Product Area, 2008-2012 (Local Currency 000s, % Change) 97
Table: Medical Device Exports By Product Area, 2008-2012 (% Distribution) 99
Table: Leading Medical Device Destinations By Product Area, 2012 (US$000s) 101
Table: Leading Medical Device Destinations By Product Area, 2012 (% Distribution) 102
Table: Top 20 Medical Device Destinations, 2012 (US$000s) 104
Table: Detailed Medical Device Exports By Product Area, 2008-2012 (US$000s) 105
Table: Detailed Medical Device Export Trends By Product Area, 2012 108
Table: Detailed Leading Medical Device Destinations By Product Area, 2012 (US$000s) 112
Table: Detailed Medical Device Balance Of Trade, 2008-2012 (US$000s) 115
Monthly Medical Device Exports 118
Table: Monthly Medical Device Exports By Product Area, July 2010 - June 2013 (US$mn) 118
Macroeconomic Forecasts 120
Economic Analysis 120
Table: India - Economic Activity 124
Industry Risk Reward Ratings 125
Industry Risk Reward Ratings 125
Table: Espicom Analysis of the Medical Device Market, 2013 125
Market Overview 127
Medical Device Market Overview 127
Overview 127
Table: Medical Device Market, Key Ratios, 2013 128
The Market In 2013 129
Table: Medical Device Market By Product Area, 2013 130
Healthcare Overview 131
Healthcare System 131
Public Healthcare Services 135
Private Healthcare Services 135

Health Insurance 140
Health Expenditure 141
Key Data 142
Table: Key Data, 2008-2013 142
Industry Trends And Developments 145
Industry Trends and Developments 145
Regulatory Development 151
Medical Device Regulations 151
Competent Authority 151
Regulation 151
Competitive Landscape 157
Domestic Medical Device Production 157
National Medical Device Manufacturers 158
Multinational Medical Device Manufacturers 167
Baxter International 167
B Braun 167
Becton Dickinson 168
Carl Zeiss Meditec 169
GE Healthcare 169
Johnson and Johnson 171
Nipro Corporation 172
Philips 173
Schiller Healthcare India 175
Siemens 175
Smith and Nephew 177
Terumo 178
Multinational Market Activity 179
Table: Multinational Company Activity, 2013 179
Medical Device Market Access 182
Market Environment 182
Distribution 182
Import Duties 183
Trade Associations 183
Trade Show 184
Methodology 185
Table: Used HS Trade Codes, 2013 186
Table: Rearranged HS Trade Codes, 2013 188

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