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The Medical Device Market in India Split-wide-Open - The healthcare industry is replete with striking opportunities for investment in high quality, specialized medical equipments. While the demand is likely to rise there is complete absence of domestic manufacturing.
The Medical Device Market in India Split-wide-Open

 

PRZOOM - /newswire/ - Delhi, New Delhi, India, 2006/08/17 - The healthcare industry is replete with striking opportunities for investment in high quality, specialized medical equipments. While the demand is likely to rise there is complete absence of domestic manufacturing. .

   
 
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Opportunities in Indian Healthcare sector are quite promising with steady rise in GNP & living standard and favorable demographic figures. The economy has been on the upswing with a number of favorable factors like free market environment and overall industrial development.

Indian Healthcare sector has seen progressive increase in investments in healthcare infrastructure and facilities, especially hi-tech medical devices. In 2004, medical equipment and supplies contributed a significant $ 1263 Mn to the overall HealthCare Industry. Demand for medical equipments is rising annually at an impressive rate of 13-16 %.

As a result of a conspicuous absence of domestic manufacturing for medical devices, there are immense possibilities for multinational players. Foreign participation is required, especially in high-tech devices that account for roughly 45-55 % of the entire market. Most Indian healthcare institutes use foreign medical equipments for the purpose of surgery, diagnosis of cancer and medical imaging.

The market research report, "Opportunities in Indian Healthcare Sector", by RNCOS brings to the fore the escalating demand for Medical Devices in Healthcare Sector in India. The growth in demand is consistent and is expected to touch US$ 1.8 Bn by 2010. However, the country is highly dependent on imports with countries like the U.S, Germany and Japan constituting 85% of the demands.

The research report addresses all critical issues related to the performance of the sector:

• What are the emerging trends in the Healthcare sector in India?
• What are the key policies regulating Healthcare sector in India?
• What is the future scenario of the Healthcare market in India?
• Who are the Key players in the Healthcare Market in India?
• What are the Opportunities in Indian healthcare sector?
• What Challenges affect the Healthcare Sector performance?

This report provides a detailed analysis of the industry, which will help the investors to comprehend the changing dynamics of the Healthcare industry.

About RNCOS
RNCOS, incorporated in 2002, provides Market Research Reports for your business needs and aims to put an end to your information pursuit. Our expertise in gathering global business information for industry research, corporate training, growth consulting, and business consulting, brings reputed companies and firms to us for business enhancement solutions. We can be your one-stop-shop for Industry research information and niche market analysis.

 
 
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The Medical Device Market in India Split-wide-Open

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