Medical Device Market in India (2018-2023)

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    [discount] => ENTERPRISE WIDE LICENCE-30--------
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    [title] => Medical Device Market in India (2018-2023)
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    [seo_url] => medical-device-market-in-india-2018-2023
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    [meta_title] => Medical Device Market in India (2018-2023)
    [keyword] => Medical Device Market in India (2018-2023)
    [description] => 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
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    [published_date] => 2019-04-17
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    [page_num] => 60
    [abstract] => 

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.

Customizations available
With the given market data, we offer customizations according to specific needs. Write to us at support@researchonglobalmarkets.com, or connect with us here.



 

[table_of_contents] =>

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) (only for public companies)
 o Key ratios (only for public companies)
 o Business segments, geographical segments (only for public companies)
 
 *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
 
 COMPANIES COVERED
 
 1. Centenial Surgical Suture Ltd.
 2. Opto Circuits (India) Ltd.
 3. Poly Medicure Ltd.
 4. B. Braun Medical (India) Pvt. Ltd.
 5. Philips India Ltd.
 6. Baxter International Inc.
 7. Becton, Dickinson and Company
 8. GE Healthcare Ltd.
 9. Medtronic, Inc.
 10. Siemens Healthineers, Inc. 

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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.

Customizations available
With the given market data, we offer customizations according to specific needs. Write to us at support@researchonglobalmarkets.com, or connect with us here.



 

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) (only for public companies)
 o Key ratios (only for public companies)
 o Business segments, geographical segments (only for public companies)
 
 *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
 
 COMPANIES COVERED
 
 1. Centenial Surgical Suture Ltd.
 2. Opto Circuits (India) Ltd.
 3. Poly Medicure Ltd.
 4. B. Braun Medical (India) Pvt. Ltd.
 5. Philips India Ltd.
 6. Baxter International Inc.
 7. Becton, Dickinson and Company
 8. GE Healthcare Ltd.
 9. Medtronic, Inc.
 10. Siemens Healthineers, Inc. 


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