• E-mail
• Print
• Comment
• Font Size
• Digg
• del.icio.us
• Discuss article

The Indian Medical Equipment & Supplies Market is Among the Top 20 in the World

Posted on: Thursday, 16 November 2006, 03:00 CST

Research and Markets (http://www.researchandmarkets.com/reports/c45298) has announced the addition of the Espicom Business Intelligence Ltd report: The Medical Device Market: India to their offering.

Our in-depth medical device market reports are ideal for executives wanting to understand the key drivers in medical markets and have access to a wealth of statistical data. Each report opens with an outlook section that provides analysis of the market, 5-year market forecasts, national data projections, market outlook and key developments such as regulation, health facilities and government policy. The report also provides extensive background information, population trends, health status, health expenditure, organisation & administration, hospital services, medical personnel, healthcare development, market access information, trade data and essential industry contacts. Included with the report are 3 free quarterly updated outlook reports, enabling you to keep up to date with market developments for a year.

Topics Covered 1. Executive Summary 2. Medical Device Market 3. Key National Data Projections 4. Geography 5. Political Overview 6. Economic Overview 7. Population 8. Demographic Indicators 9. Mortality 10. Morbidity 11. Organisation & Administration 12. Health Expenditure 13. Hospital Services 14. Ambulatory Care 15. Medical Personnel 16. Regulatory Environment 17. Trade Fairs 18. Distributors 19. Medical Device Imports 20. Domestic Production 21. Directory

Summary

While the Indian market for medical equipment and supplies ranks among the top 20 in the world, average per capita spending remains low at only around US$1. This in-depth market report provides 5-year market forecasts, analysis of trends, domestic production, medical imports and exports, health provision and health funding. Included with the report are 3 free quarterly updated outlook reports, enabling you to keep up to date with market developments for a year.

India has a huge population in excess of one billion people. At current growth rates, it will reach around 1.2 billion by 2010, of whom around 58 million will be aged 65 years and over. While the proportion of the elderly population remains comparatively small by developed nation standards, the number is equivalent to the entire population of Italy.

As the country develops, India has a growing middle class population with access to high quality healthcare in some of the best private healthcare facilities in the world. Leading business and healthcare providers are also striving to make India an international health resort, with an airport to airport concept of health tourism. In 2004, the Maharashtra state government established a Medical Tourism Council to try to attract more foreign medical patients, the main incentive being Indias comparatively low costs, quoted at around one fifth of those in the West.

But, India is a country of extremes and developments at the top of the market are unlikely to filter through to the public health system. The vast majority of the Indian population is both rural and poor, although urban poverty is also a problem. Modern healthcare technology and western style pharmaceuticals are not even an issue for millions of people. On a national level, the Indian health system is ill-equipped to cope with the rising number of elderly and the changing disease patterns, with an average of just 0.7 hospital beds and 0.6 physicians per thousand population. India faces the continuing challenge of fighting infectious diseases like malaria, tuberculosis and leprosy alongside increases in lifestyle related problems faced by the developed world, such as cancer, cardiovascular disease and diabetes.

The best opportunities for foreign manufacturers are in the private sector, particularly for high quality products that represent value for money, although competition is fierce and the high tech end of the market is dominated by multinationals with extensive service networks. At the other end of the scale, the low to mid tech end of the market will be met mainly by the domestic industry.

This report comprises four main sections: Medical Device Market Outlook, Background Data, Healthcare System, and Accessing the Medical Device Market. The Outlook section provides analysis of the market and five-year forecasts by technology category, national data projections and key market developments. Other sections provide a wealth of background and market access information, including population trends, morbidity and mortality, health expenditure, organisation & administration, hospital services, ambulatory care, medical personnel, trade data and essential industry contacts.

Highly detailed report content

MARKET OUTLOOK

Current market size

Unique 5-year market projections

Market outlook

Market structure

Market developments, covering recent and impending developments with respect to key issues such as regulation, health facilities and government policy

India has a huge population in excess of one billion people. At current growth rates, it will reach around 1.2 billion by 2010, of whom around 58 million will be aged 65 years and over. While the proportion of the elderly population remains comparatively small by developed nation standards, the number is equivalent to the entire population of Italy.

As the country develops, India has a growing middle class population with access to high quality healthcare in some of the best private healthcare facilities in the world. Leading business and healthcare providers are also striving to make India an international health resort, with an airport to airport concept of health tourism. In 2004, the Maharashtra state government established a Medical Tourism Council to try to attract more foreign medical patients, the main incentive being India's comparatively low costs, quoted at around one fifth of those in the West.

But, India is a country of extremes and developments at the top of the market are unlikely to filter through to the public health system. The vast majority of the Indian population is both rural and poor, although urban poverty is also a problem. Modern healthcare technology and western style pharmaceuticals are not even an issue for millions of people. On a national level, the Indian health system is ill-equipped to cope with the rising number of elderly and the changing disease patterns, with an average of just 0.7 hospital beds and 0.6 physicians per thousand population. India faces the continuing challenge of fighting infectious diseases like malaria, tuberculosis and leprosy alongside increases in lifestyle related problems faced by the developed world, such as cancer, cardiovascular disease and diabetes.

The best opportunities for foreign manufacturers are in the private sector, particularly for high quality products that represent value for money, although competition is fierce and the high tech end of the market is dominated by multinationals with extensive service networks. At the other end of the scale, the low to mid tech end of the market will be met mainly by the domestic industry.

For more information visit http://www.researchandmarkets.com/reports/c45298

Source: Business Wire

More News in this Category