Abstract
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.
Includes 3 quarterly updated outlook reports!
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.
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.
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