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India Medical Devices Report Q2 2016

India Medical Devices Report Q2 2016

BMI View: The Indian medical device market has entered a phase of more moderate growth. 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 increasing market share for lower cost domestically produced products in some areas. The expanding private sector will remain the main growth driver.

Latest Updates and

Key Forecasts

We forecast that the market will record a 2014-2019 CAGR of 7.3% in US dollar terms, which will raise the value from USD3.4bn in 2014 to USD4.8bn in 2019. Currency weakness will weigh on growth rates at the start of the forecast period, but we expect mid to high single-digit growth from 2016.

We expect import growth will remain led by diagnostic imaging, which was the only product area to register a double-digit US dollar increase in 2015. In the 12 months to December 2015, imports grew by 0.9%, 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 December 2015, exports fell by 8.6%, taking the running annual total to USD1.1bn. The weak performance reflects a slump in consumables exports and a smaller fall in diagnostic imaging exports.

The Union Budget, released on February 29 2016, will give a financial boost to the health sector after several years of relative stagnation. The extra funding will help finance a new health insurance scheme for poorer families and a national dialysis programme. We believe that these developments along with a reduction in the timeframe to establish more tertiary care hospitals will act as a catalyst for investment in the healthcare sector.


BMI Industry View
Table: Projected Medical Device Market, 2014-2019
Latest Updates and Key Forecasts
SWOT
Medical Device Market
Industry Forecast
Medical Device Market Forecast
Latest Updates
Structural Trends
Table: Detailed Medical Device Market By Product Area, 2009-2019 (USDmn)
Consumables Market Forecast
Latest Updates
Structural Trends
Bandages & Dressings
Syringes, Needles & Catheters
Other Consumables
Table: Consumables Market, 2009-2019 (USDmn)
Table: Consumables Market, 2010-2019 (USDmn % Change)
Diagnostic Imaging Market Forecast
Latest Updates
Structural Trends
Electrodiagnostic Apparatus
Radiation Apparatus
Imaging Parts & Accessories
Table: Diagnostic Imaging Market, 2009-2019 (USDmn)
Table: Diagnostic Imaging Market, 2010-2019 (USDmn % Change)
Dental Products Market Forecast
Latest Updates
Structural Trends
Capital Equipment
Instruments & Supplies
Table: Dental Products Market, 2009-2019 (USDmn)
Table: Dental Products Market, 2010-2019 (USDmn % Change)
Orthopaedics & Prosthetics Market Forecast
Latest Updates
Structural Trends
Fixation Devices
Artificial Joints
Other Artificial Body Parts
Table: Orthopaedics & Prosthetics Market, 2009-2019 (USDmn)
Table: Orthopaedics & Prosthetics Market, 2010-2019 (USDmn % Change)
Patient Aids Market Forecast
Latest Updates
Structural Trends
Portable Aids
Therapeutic Appliances
Table: Patient Aids Market, 2009-2019 (USDmn)
Table: Patient Aids Market, 2010-2019 (USDmn % Change)
Other Medical Devices Market Forecast
Latest Updates
Structural Trends
Table: Other Medical Devices Market, 2009-2019 (USDmn)
Table: Other Medical Devices Market, 2010-2019 (USmn % Change)
Annual Medical Device Imports
Table: Medical Device Imports By Product Area, 2010-2014 (USD000s)
Table: Medical Device Imports By Product Area, 2010-2014 (Local Currency 000s)
Table: Top 20 Medical Device Suppliers, 2014 (USD000s)
Table: Detailed Medical Device Imports By Product Area, 2010-2014 (USD000s)
Table: Detailed Medical Device Import Trends By Product Area, 2014
Table: Detailed Leading Medical Device Suppliers By Product Area, 2014 (USD000s)
Monthly Medical Device Imports
Table: Monthly Medical Device Imports By Product Area, Year Ending December 2015 (USDmn)
Annual Medical Device Exports
Table: Medical Device Exports By Product Area, 2010-2014 (USD000s)
Table: Medical Device Exports By Product Area, 2010-2014 (Local Currency 000s)
Table: Top 20 Medical Device Destinations, 2014 (USD000s)
Table: Detailed Medical Device Exports By Product Area, 2010-2014 (USD000s)
Table: Detailed Medical Device Export Trends By Product Area, 2014
Table: Detailed Leading Medical Device Destinations By Product Area, 2014 (USD000s)
Table: Detailed Medical Device Trade Balance, 2010-2014 (USD000s)
Monthly Medical Device Exports
Table: Monthly Medical Device Exports By Product Area, Year Ending December 2015 (USDmn)
Industry Risk/Reward Index
Table: APAC Medical Device Risk/Reward Index, Q216
Market Overview
Medical Device Market Overview
Table: Medical Device Market, Key Ratios, 2014
Table: Medical Device Market By Product Area, 2014
Healthcare Overview
Health Status
Table: New Cancer Cases By Age Group, 2012/2025
Healthcare System
Public Healthcare Providers
Private Healthcare Providers
Healthcare Funding
Healthcare Resources
Healthcare Activity
Healthcare Personnel
Key Healthcare Data
Table: Key Healthcare Data, 2010-2015
Industry Trends And Developments
Industry Trends & Developments
Table: Medical Device Imports, Leading Suppliers, 2010-2015 (USDmn)
Table: Medical Device Exports, Leading Destinations, 2010-2015 (USDmn)
Regulatory Development
Medical Device Regulations
Competent Authority
Regulation
Table: Medical Devices Classified As Drugs
Materiovigilance
Medical Device Pricing & Reimbursement
Pricing
Reimbursement
Health Technology Assessment
Competitive Landscape
Domestic Medical Device Production
National Medical Device Manufacturers
Anand Medicaids
ASCO
Atlas Surgical
BPL Medical Technologies
Carewell Mediproducts
Cura Healthcare
Endolite India
Endo-Med Technologies
Harsoria Healthcare
HLL Lifecare
Hindustan Syringes and Medical Devices
JBCPL
Kayco
Lifeline Systems
MediRay HealthCare
Narang Medical
Opto Circuits
Pace Devices
Panacea Medical Technologies
Poly Medicure
Prognosys
Relisys Medical Devices
Ribbel International
Sahajanand Medical Technologies
Skanray Technologies
SISCO
SURU International
Sutures India
Trivitron Healthcare
Wadia Group
Multinational Medical Device Manufacturers
B. Braun
Baxter
Becton Dickinson
GE Healthcare
Johnson & Johnson
Nipro Corporation
Philips
Schiller Healthcare India
Siemens Healthcare
Smith & Nephew
Terumo
Multinational Market Activity
Table: Multinational Company Activity, 2016
Medical Device Market Access
Market Environment
Distribution
Import Duties
Trade Associations
Trade Show
Methodology
Forecast Methodology
Trade Code Classifications
Table: Rearranged HS Trade Codes
Risk/Reward Index Methodology
Table: Medical Devices Risk/Reward Index Indicators
Sources
Contact

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