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Demography & Weather:
India covers an area of 1,269,346 sq. mi. (3,287,590 sq. km) - the seventh biggest in the world. Great mountains separate most of northern India from the rest of Asia. The southern half is a triangular peninsula that extends into the Indian Ocean. The Arabian Sea lies to the west of India, and the Bay of Bengal to the east. The coastline is 4,252 miles (6,843 kilometers), of which 815 miles (1,312 kilometers) belong to India's island territories.
India experiences at least three seasons a year, Summer, Rainy (or "Monsoon") and Winter, each of which can vary in duration from north to south. The heat starts to build up on India's northern plains from around February, and gradually summer hots up by April or May and is at its peak in June. The first signs of the monsoon (rainy season) are visible in some areas of India as early as in the early part of May. It rains heavily when the monsoon finally arrives around 1 June in the extreme south and later sweeping north to cover the whole country by early July. Around October the climate starts becoming cooler and most of the northern cities become crisp at night in December. In the far south, the temperatures are comfortably warm rather than hot, since it never gets cool there.
Medical Device Market in India:
India's medical device market is currently the fourth largest market in Asia and ranks among the world’s top 20. Medical devices and supplies market in India is expected touch USD 1.7 billion in 2010, growing at the rate of 23% annually in the coming years from the current Rs. 5750 crores, says a sector report by National Institute of Pharmaceutical Education and Research (NIPER), Ahmedabad. India has some of the most modern hospitals and medical centres imparting healthcare facilities of International level. The facilities are not only world-class but affordable. Opportunities in Indian Healthcare sector are quite promising with steady rise in GNP & living standard and favorable demographic figures.
Among the segments in the medical devices market diagnostic equipment leads with Rs. 2000 crores, surgical equipment supplies worth Rs 1300 crores comes second and imaging and electronic treatment devices follow with Rs 1300 crores and Rs. 1000 crores respectively.
The Indian medical equipment market is dominated by the medical instruments and appliances used in specialties such as ophthalmic, dental and other physiological classes. This segment accounts for 26% of the total market followed by orthopedic/ prosthetic goods segment accounting for 19% of the total market.
Medical supplies such as bandages and disposables such as syringes, needles and catheters together constituted 21% of the total market. The other equipment which are in demand are high end speciality electro medical equipments that accounted for 11% of the total market. X-ray apparatus accounted for 10% of the total market.
Another high growth segment in the medical devices industry is diagnostic kits. Diagnostic kits has a growth rate of 30% and a market size of USD 133 million in 2005. They include the reagents and the medical kits. With over fifty companies operating in diagnostic kits, the market has seen several interesting trends.
There are immense scope for multinational players. Foreign participation is required, especially in high-tech devices that account for roughly 45-55 % of the entire market. Most of the reputed Indian healthcare institutes use foreign medical equipments for the purpose of surgery, diagnosis of cancer and medical imaging.
Healthcare infrastructure, population rise and growth in economy besides shift in diseases pattern to become more lifestyle-related diseases is expected to fuel the sector's growth. |