GMR Data’s new pharmaceutical market report ‘The India Medical Devices Market to 2026' is released today, the report highlights the growth opportunities in this great untapped market, with exclusive interviews from industry experts.

 

The India Medical Devices Market to 2016 describes the current medical devices scene, in one of the most populated and most market challenging nations globally.

Key questions such as how will new governmental rules effect the market and how easy is it for foreign companies to enter the market are discussed with support from charts, graphs and tables and by exclusive expert opinion.

India constitutes 17% of the global population and 20% of the global disease burden, but spends only 1.3% of GDP on healthcare; far below other emerging markets.

Given the rising proportion of Non-Communicable Diseases (NCDs), that are typically treated or ameliorated with medical devices, the India medical devices segment reflects a high-growth market when compared to other healthcare markets globally.

Key figures that will drive the India Medical Devices market to 2026;

India has a geriatric (aged 60+ years) population base of 100 million in 2015, this figure will increase to reach 300 million by 2050.

Diabetics accounted for 2.8% of the total India population in 2005, this figure rose to 3.7% of India’s population in 2015 (number of hospitalised cases: ~3.0 million in 2015); however India imports simple devices like glucometers from Johnson and Johnson, Roche, Bayer and Abbott; these foreign owned devices account for more than 95% of the glucometers market in India.

Cardiovascular diseases that affected the populace increased from 3.3% of the total population in 2005 to 4.9% of India’s population in 2015 (number of hospitalised cases: ~7.0 million in 2015)

Asthma affected populace increased from 2.5% of the total population in 2005 to 2.7% of India’s population in 2015

Cancer affected populace increasing from 0.18% of total population in 2005 to 0.20% of India’s population in 2015 (number of hospitalised cases: ~3.5 million in 2015)

The India medical devices market is constrained by a number of barriers, notably, challenging regulations, unfavourable policies and industry anomalies.

Learn, by reading this report, how foreign companies have gained a foothold in this key emerging market; what actions have produced positive results; who has made the break through and why.

 

To order this report please contact Alice Morgan on TEL: +353 86 075 2687

or by emailing Alice.Morgan@GMRData.com