India Medical Devices Report
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1 India Medical Devices Report Executive Summary You have downloaded a PDF of Espicom's latest views on the market, summarising the key findings that are assessed in detail in the new report, as well as the full report Table of Contents. Find out more about this report by contacting one of our experts on
2 India Medical Devices Report Published Date: 01 Jul 2016 Table of contents BMI Industry View 7 Table: Projected Medical Device Market, Latest Updates And Key Forecasts 7 SWOT 8 Medical Device Market 8 Industry Forecast 10 Medical Device Market Forecast 10 Latest Updates 10 Structural Trends 10 Table: Detailed Medical Device Market By Product Area, (USDmn) 12 Consumables Market Forecast 16 Latest Updates 16 Structural Trends 16 Bandages & Dressings 16 Suturing Materials 17 Syringes, Needles & Catheters 17 Other Consumables 17 Table: Consumables Market, (USDmn) 18 Table: Consumables Market, (USDmn % Change) 19 Diagnostic Imaging Market Forecast 21 Latest Updates 21 Structural Trends 21 Electrodiagnostic Apparatus 21 Radiation Apparatus 22 Imaging Parts & Accessories 22 Table: Diagnostic Imaging Market, (USDmn) 22 Table: Diagnostic Imaging Market, (USDmn % Change) 24 Dental Products Market Forecast 26 Latest Updates 26 Structural Trends 26 Capital Equipment 26 Instruments & Supplies 26 Table: Dental Products Market, (USDmn) 27 Table: Dental Products Market, (USDmn % Change) 28 Orthopaedics & Prosthetics Market Forecast 30 Latest Updates 30 Structural Trends 30 Fixation Devices 30 Artificial Joints 30 Other Artificial Body Parts 31 Table: Orthopaedics & Prosthetics Market, (USDmn) 31 Table: Orthopaedics & Prosthetics Market, (USDmn % Change) 31 Patient Aids Market Forecast 33
3 Latest Updates 33 Structural Trends 33 Portable Aids 33 Therapeutic Appliances 34 Table: Patient Aids Market, (USDmn) 34 Table: Patient Aids Market, (USDmn % Change) 34 Other Medical Devices Market Forecast 36 Latest Updates 36 Structural Trends 36 Table: Other Medical Devices Market, (USDmn) 37 Table: Other Medical Devices Market, (USDmn % Change) 38 Annual Medical Device Imports 40 Table: Medical Device Imports By Product Area, (USD000s) 43 Table: Medical Device Imports By Product Area, (Local Currency 000s) 44 Table: Top 20 Medical Device Suppliers, 2014 (USD000s) 46 Table: Detailed Medical Device Imports By Product Area, (USD000s) 47 Table: Detailed Medical Device Import Trends By Product Area, Table: Detailed Leading Medical Device Suppliers By Product Area, 2014 (USD000s) 53 Monthly Medical Device Imports 57 Table: Monthly Medical Device Imports By Product Area, Year Ending April 2015 (USDmn) 57 Annual Medical Device Exports 58 Table: Medical Device Exports By Product Area, (USD000s) 61 Table: Medical Device Exports By Product Area, (Local Currency 000s) 62 Table: Top 20 Medical Device Destinations, 2014 (USD000s) 64 Table: Detailed Medical Device Exports By Product Area, (USD000s) 65 Table: Detailed Medical Device Export Trends By Product Area, Table: Detailed Leading Medical Device Destinations By Product Area, 2014 (USD000s) 71 Table: Detailed Medical Device Balance Of Trade, (USD000s) 74 Monthly Medical Device Exports 78 Table: Monthly Medical Device Exports By Product Area, Year Ending April Industry Risk/Reward Index 79 Table: APAC Medical Device Risk/Reward Index, Q Market Overview 81 Medical Device Market Overview 81 Table: Medical Device Market, Key Ratios, Table: Medical Device Market By Product Area, Healthcare Overview 82 Health Status 82 Healthcare System 84 Private Healthcare Providers 85 Healthcare Funding 86 Health Expenditure 87 Healthcare Resources 88 Healthcare Activity 88 Healthcare Personnel 88 Key Healthcare Data 89 Table: Key Healthcare Data, Industry Trends And Developments 91
4 Industry Trends & Developments 91 Regulatory Development 94 Medical Device Regulations 94 Competent Authority 94 Regulations 94 ASEAN Medical Device Directive (AMDD) 97 Competitive Landscape 98 Domestic Medical Device Manufacturing 98 National Medical Device Manufacturers 98 PT 98 PT Andini Sarana 98 Multinational Medical Device Manufacturers 99 B 99 Nipro 100 Sivantos Group 100 Multinational Market Activity 101 Table: Multinational Market Activity, Medical Device Market Access 104 Distribution 104 Trade Fair 104 Methodology 105 Forecast Methodology 105 Trade Code Classifications 106 Table: Rearranged HS Trade Codes 107 Risk/Reward Index Methodology 110 Table: Medical Devices Risk/Reward Index Indicators 111 Sources 113 Contact 114
5 India Medical Devices Report Published Date: 01 Jul 2016 BMI View : The Indian medical device market has entered a phase of more moderate gr owth. The market will still outperform within the Asia Pacific region, underpinned by a strong economy, but y-o-y growth rates will be a long way off the dynamic growth achieved up until 2012, reflecting an increasingly competitive operating environment and grow ing market share for lower cost domestically produced products in some areas. The expanding private sector will remain the main growth driver. Total (USDmn) Per Capita (USD) Projected Medical Device Market, Total (Local Currency mn) Per Capita (Local Currency) Exchange Rate (Local Currency/USD) , , , , , , , , , , , , Source: BMI Latest Updates And Key Forecasts We forecast that the market will record a CAGR of 7.3% in US dollar terms, which will raise the value from USD3.4bn in 2014 to USD4.8bn in Currency weakness will weigh on growth rates at the start of the forecast period, but we expect mid to high single-digit growth from We expect an improved import performance in 2016 on the back of robust economic growth. Growth rates in US dollar terms will continue to be constrained by a further weakening of the rupee against the US dollar. In the 12 months to February 2016, imports grew by 2.4%, taking the running annual total to USD2.6bn. We anticipate that exports will continue to underperform due to weaknesses in key markets. In the 12 months to February 2016, exports fell by 11.1%, taking the running annual total to USD1.1bn. The weak performance primarily reflects a slump in consumables exports. The launch of an online portal for medical device registrations will speed up market access for notified medical devices, but the lack of a dedicated medical device regulatory framework will continue to hinder development of the sector and compromise the export efforts of local Indian firms.
6 India Medical Devices Report Published Date: 01 Jul 2016 Thank you for downloading Espicom's latest views, we hope you found the information insightful. To find out more about how the extensive views, analysis and forecasts contained in the full report will help your company or to discuss your specific information needs please contact one of our experts on
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