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India Medical Devices Report Q3 2016

India Medical Devices Report Q3 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 growing 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 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.


 

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 February 2016 (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 February 2016 (USDmn)

Industry Risk/Reward Index

Table: APAC Medical Device Risk/Reward Index, Q316

Market Overview

Medical Device Market Overview

Table: Medical Device Market, Key Ratios, 2015

Table: Medical Device Market By Product Area, 2015

Healthcare Overview

Health Status

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

Boston Scientific

Fresenius

Medtronic

Stryker

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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