Lewes, DE -- (SBWIRE) -- 02/06/2014 -- Latest market research report titled Medical Devices Market in India 2014 captures the technologically driven aspect currently prevailing within the Indian healthcare sector. The booming Indian economy is also witnessing a tremendous surge in the domestic healthcare scenario which, in turn, is leading to perpetual demand for high quality medical products. The demand for high-end, quality devices is especially driven by the private healthcare sector in its efforts to provide sophisticated treatment to patients.
However, India lags behind in manufacture of technologically advanced high-end medical equipment, and instead has to rely upon imports from multinationals with extensive service networks. On the other hand, the market for less cost intensive medical supplies and disposable equipment is dominated by domestic manufacturers. Due to the industry’s dependence on imports, multinationals are showing interest in relocation of manufacturing facilities to India as well as in forging alliances with healthcare sector stakeholders in order to capture greater market share. This brings into focus a key role played by the government that involves taxation and import regulations. The government also takes up several initiatives for the benefit of the market.
Spanning over 128 pages, “Medical Devices Market in India 2014” report covering the Macroeconomic Indicators, Indian Healthcare Scenario, Introduction, Market Overview, EXIM, Distribution Channel, Drivers & Challenges, Trends, Government Involvement, Competitive Landscape, Recent Investments, Strategic Insights, Appendix. The report covered 6 Public Companies - Centenial Surgical Suture Ltd., Opto Circuits (India) Ltd., Poly Medicure Ltd., Shree Pacetronix Ltd., Siemens Healthcare Diagnostics Ltd., Span Diagnostics Ltd. and 9 Private Companies- Alcon Laboratories (India) Pvt. Ltd., Hindustan Syringes and Medical Devices Ltd., Lotus Surgicals Pvt. Ltd., Roselabs Biosciences Ltd., Sutures India Pvt. Ltd., GE Medical Systems (India) Pvt. Ltd., Johnson & Johnson Medical India Ltd., Philips Electronics India Ltd., Trivitron Healthcare Pvt. Ltd.
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