Latest market research report titled Medical Devices
Market in India 2014 captures the technologically driven aspect currently
prevailing within the Indian healthcare sector. The booming Indian economy is
also witnessing a tremendous surge in the domestic healthcare scenario which,
in turn, is leading to perpetual demand for high quality medical products. The
demand for high-end, quality devices is especially driven by the private
healthcare sector in its efforts to provide sophisticated treatment to
patients.
However, India lags behind in manufacture of
technologically advanced high-end medical equipment, and instead has to rely
upon imports from multinationals with extensive service networks. On the other
hand, the market for less cost intensive medical supplies and disposable
equipment is dominated by domestic manufacturers. Due to the industry’s
dependence on imports, multinationals are showing interest in relocation of
manufacturing facilities to India as well as in forging alliances with
healthcare sector stakeholders in order to capture greater market share. This
brings into focus a key role played by the government that involves taxation
and import regulations. The government also takes up several initiatives for
the benefit of the market.
Spanning over 128 pages, “Medical Devices Market in India 2014”
report covering the Macroeconomic
Indicators, Indian Healthcare Scenario, Introduction, Market Overview, EXIM,
Distribution Channel, Drivers & Challenges, Trends, Government Involvement,
Competitive Landscape, Recent Investments, Strategic Insights, Appendix. The
report covered 6 Public Companies - Centenial Surgical Suture Ltd., Opto
Circuits (India) Ltd., Poly Medicure Ltd., Shree Pacetronix Ltd., Siemens
Healthcare Diagnostics Ltd., Span Diagnostics Ltd. and 9 Private Companies-
Alcon Laboratories (India) Pvt. Ltd., Hindustan Syringes and Medical Devices
Ltd., Lotus Surgicals Pvt. Ltd., Roselabs Biosciences Ltd., Sutures India Pvt.
Ltd., GE Medical Systems (India) Pvt. Ltd., Johnson & Johnson Medical India
Ltd., Philips Electronics India Ltd., Trivitron Healthcare Pvt. Ltd.
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