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India Medical Equipment Industry: Defying Global Recession
GlobalData, Oct 2009, Pages: 18
India Medical Equipment Industry: Defying Global Recession
Summary
Our new report - 'India Medical Equipment Industry: Defying Global Recession', explores the medical equipment industry in India.
The medical devices industry in India was valued at $2.7 billion in 2008. Driven by increasing awareness and affordability coupled with an increasing patient pool, the market is forecast to grow by 12% annually for the next seven years to reach $6 billion in 2015.
While the ongoing global recession continues to hurt businesses around the globe the medical devices industry in India is expected to come out unscathed. The fact that the Indian medical devices industry, so far, has remained insulated from the global recession can be attributed to several ongoing trends. Firstly, the demand for healthcare in India is not tied to consumer discretionary spending. Secondly, an affluent and aware patient population in India continues to demand improved health services. Finally, the fact that the corporate hospital groups in India are responding to the demand by building up new healthcare infrastructure should ensure that the all stakeholders in this industry continue to benefit.
Scope
- Insights into market sizing and top level data on the medical equipment industry in India
- Analysis of the key recent trends and factors driving the growth of the market
- Review of key factors enabling the medical equipment industry in India to resist the economic recession
Reasons to buy
- Develop business strategies with the help of specific insights from GlobalData on key events within the medical equipment industry.
- Gain a strong understanding and analyze major trends in the Indian medical equipment industry
- Identify growth opportunities within the medical equipment industry in India
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