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Medical Device Market


Medical Device Market in India (2018-2023)

Report code: SDMRHE325129 | Industry: Healthcare | Published On: 5/2/2019


Developments in healthcare infrastructure, and a rise in lifestyle related diseases like hypertension, diabetes, asthma, etc. have led to an increasing demand for medical devices across India. The Indian medical devices market was valued at INR 338.62 Bn in 2017, and is expected to reach INR 794.29 Bn by the end of 2023, expanding at a compound annual growth rate (CAGR) of ~15.27% during the 2018-2023 period. It stands among the top 20 global medical devices market.
Market segment insights:
The diagnostic imaging segment is considered to be the largest, owing to its ability to facilitate accurate detection of diseases. It had a market share of nearly 30.41% in 2015, and is expected to occupy a similar share till 2020. Apart from diagnostic imaging devices, significant shares in the medical devices market are occupied by medical consumables, IV diagnostic devices, patient aids, etc.

Key growth drivers of the market:
o The central government of India, as well as several private organizations have taken initiatives to improve the condition of public health within the country. Such participation from the public and private enterprises have resulted in the growth of the healthcare sector, thereby leading the medical devices market in India to prosper.
o The Indian government has allowed 100% foreign direct investment (FDI) in the medical devices industry. Inflow of FDI is expected to spur research and development (R&D) activities and manufacturing innovations, which in turn can help in driving the growth of the medical devices market in India.

Key deterrent to the growth of the market:

India imports nearly 70% of the total number of medical devices sold in the country. Excessive dependency on import of high-tech devices from the developed countries is hindering the growth of the domestic medical devices’ manufacturers in India.

Companies covered:

o Centenial Surgical Suture Ltd.
o Opto Circuits (India) Ltd.
o Poly Medicure Ltd.
o B. Braun Medical (India) Pvt. Ltd.
o Philips India Ltd.
o Baxter International Inc.
o Becton, Dickinson and Company
o GE Healthcare Ltd.
o Medtronic, Inc.
o Siemens Healthineers, Inc.

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Chapter  1:  Executive  summary

Chapter  2:  Socio-economic  indicators  

Chapter  3:  Introduction
3.1.  Medical  devices  market  -  definition
3.2.  Medical  devices  market  -  structure
3.3.  Key  products  -  overview
o  Imaging
o  Therapeutic
o  Patient  monitoring  system
o  Handheld/homecare  products

Chapter  4:  Global  medical  devices  market
4.1.  Market  overview
4.2.  Market  size  and  growth  forecast  (2017-2023e)
4.3.  Segment-wise  sales  of  medical  devices  (2018)
o  Orthopedics
o  Minimally  invasive
o  Cardiology
o  Ophthalmology
o  Wound  care
o  Patient  monitoring
o  Audiology
o  Others

Chapter  5:  India  medical  devices  market  
5.1.  Market  overview    
5.2.  Market  size  and  growth  forecast  (2017-2023e)
5.3.  Market  segmentation  (2015  and  2020e)
o  Diagnostic  imaging
o  Consumables
o  IV  diagnostics
o  Patient  aids
o  Orthopedics  and  prosthetics
o  Dental  products
5.4.  Impact  of  goods  and  service  tax  (GST)  
5.5.  Medical  devices  clusters  -  overview

Chapter  6:  Trade  analysis  
    6.1.  Export  of  medical  devices  
o  Value-wise
o  Country-wise
6.2.  Import  of  medical  devices  
o  Value-wise
o  Country-wise

Chapter  7:  Key  growth  drivers  of  the  market

Chapter  8:  Key  deterrents  to  the  growth  of  the  market
  
Chapter  9:  Competitive  landscape
9.1.  Centenial  Surgical  Suture  Ltd.  
o    Corporate  information
o    Business  description
o    Products  and  services
o    Key  people
o    Financial  snapshot  (total  income,  net  profit/loss)
o    Key  ratios  
o    Business  segments,  geographical  segments  

*Note:  Similar  information  areas  will  be  covered  for  the  remaining  competitors

9.2.  Opto  Circuits  (India)  Ltd.
9.3.  Poly  Medicure  Ltd.
9.4.  B.  Braun  Medical  (India)  Pvt.  Ltd.    
9.5.  Philips  India  Ltd.  
9.6.  Baxter  International  Inc.  
9.7.  Becton,  Dickinson  and  Company  
9.8.  GE  Healthcare  Ltd.  
9.9.  Medtronic,  Inc.

9.10.  Siemens  Healthineers,  Inc.  

Chapter  10:  Recent  developments

Appendix
1.  Research  Methodology
2.  About  Research  On  Global  Markets


Medical Device Market in India (2018-2023)
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