Research and Markets: The Indian Medical Device Market: Challenges & Opportunities
Research and Markets (researchandmarkets. com/reports/c15193) has announced the addition of The Indian Medical Device Market: Challenges & Opportunities to their offering.
(PRWEB) April 7, 2005
Research and Markets (http://www. researchandmarkets. com/reports/c15193 (http://www. researchandmarkets. com/reports/c15193)) has announced the addition of The Indian Medical Device Market: Challenges & Opportunities to their offering.
Most observers agree that India is a key market of the future. A country where the sheer number of people, changing patterns of disease and high levels of unmet clinical need will create an environment where the medical device industry can thrive.
But what is the exact nature of opportunity? Who will benefit most? What are the operational and regulatory drivers than are forcing or limiting the pace of change?
With estimates of market value reaching US$1.7 billion in 2010, it pays to have a thoroughly researched, independent and balanced analysis of the Indian market.
That is why The Indian Medical Device Market: Challenges & Opportunities is essential to really understanding the business potential for manufacturers, investors and the service industry. With more than 150 pages, the report provides an information rich and readable analysis, containing all you need for a comprehensive understanding.
India is a market of contrast and opportunity. Consider the following:
-The Indian market for medical equipment and supplies was valued at US$1,260 million in 2004 and is expected to grow strongly. The market remains small, relatively speaking, ranking among the top 20 in the world but with per capita spending of less than US$1.
-Continued investment in the rapidly developing private sector infrastructure, coupled with increased healthcare funding from the government, will see a steady increase in the market for medical equipment and supplies. We estimate the market will continue to grow by an average of 4.7% over the next few years, largely driven by health tourism and the size of the Indian middle classes.
-India has a vast rural population for whom all but basic healthcare provision will remain out of reach for the foreseeable future. There are a number of ongoing World Bank assisted projects that aim to improve the healthcare infrastructure. While there will be some opportunity for foreign manufacturers, the low to mid tech end of the market will be met mainly by the domestic industry.
-The sale of medical devices has yet to be regulated. In 2004 a government advisory body, the Mashelkar Committee, called for the creation of a specific medical devices division within the Central Drugs Standard Control Organisation to address the management of the approval, certification and quality assurance of medical devices.
Topics covered in the report include:
-Medical Device Market
-Regulatory Environment
-Distributors
-Domestic Production
-Domestic Producers
-Multinational Activity
-Exports
-Population
-Demographic Indicators
-Mortality
-Morbidity
-Healthcare System: Organisation and Administration
-Health Expenditure
-Hospital Services
-Ambulatory Care
-Medical Personnel
-India in the World
-Directory
For more information visit http://www. researchandmarkets. com/reports/c15193 (http://www. researchandmarkets. com/reports/c15193)
Laura Wood
Senior Manager
Research and Markets
Press@researchandmarkets. com
Fax: +353 1 4100 980
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