Growing prevalence of
chronic diseases to drive the growth of India medical equipment market
According
to TechSci Research report, “India Medical Equipment Market By Type (Orthopaedic
Devices, Cardiovascular Devices, Diagnostic Imaging, IVD, Wound Management,
Diabetes Care, Ophthalmic Devices, Dental & Nephrology, Handheld/Homecare
Products, Others), By Segment (Instrument & Appliances, Diagnostics
Imaging, Consumables & Implants, Patient Aids & Others), By End User
(Hospitals & Ambulatory Surgical Centres, Homecare and Clinics), By Source
(Domestic, Import), By Region, Forecast & Opportunities, 2025”, the India medical equipment market is expected to grow at
an impressive rate during the forecast period on account of growing healthcare
expenditure. Additionally, increasing heath consciousness coupled with
supportive government policies & schemes is expected to positively
influence the market growth over the coming years. Furthermore, rising prevalence of chronic diseases such as cardiovascular
diseases, diabetes, renal disorders, cancer, among others, due to sedentary
lifestyle of the population is expected to create lucrative opportunities for
the market growth. Moreover, growth in surgical procedures and complex
surgeries are making headway for the growth of India medical equipment market
over the coming years. Along with this, major players operating in the market
are interested in investing more in research and development of new generation
medical equipment, which is further expected to drive the market growth during
the next five years. However, factors such as lack of awareness about chronic
diseases, high cost of equipment and decreased healthcare reimbursements might
act as major impediments to the growth of India medical equipment market during
the forecast period.
Browse
XX market data Tables and XX Figures spread through XXX
Pages and an in-depth TOC on
"
India Medical Equipment Market"
The India medical equipment market is segmented based on type, segment, end user, source, company, and region. In
terms of end user, the market is fragmented into hospitals & ambulatory
surgical centers, homecare and clinics. Out of these, the hospitals &
ambulatory surgical centers segment dominated the market until 2019 and is expected
to hold its dominance in the market during the next five years, which can be
attributed to developing healthcare infrastructure coupled with impressive
reimbursement policies. In addition to this, growing emphasis of hospitals for
better patient outcome, is further contributing to the growing trend. Based on segment,
the market is divided into instrument & appliances, diagnostics imaging,
consumables & implants, patient aids and others. Out of these, the instrument
& appliances is forecast to register high growth until 2025 which can be
attributed to ongoing technological advancements.
Philips India Limited, GE Healthcare Private Limited, India Medtronic
Pvt Ltd, Siemens Healthcare Pvt Ltd, Johnson & Johnson Pvt Limited, Baxter
India Private Limited, B. Braun Medical (India) Pvt Ltd, Abbott India Limited,
Robert Bosch India Limited, Roche Diagnostics India Private Limited, Fresenius
Medical Care, Becton Dickinson India Pvt Ltd, Smith & Nephew Healthcare Pvt
Ltd, 3M India Limited, Boston Scientific India Pvt Limited and others are some
of the leading players operating in India medical equipment market. The market
players are adopting competitive strategies include mergers & acquisitions,
partnership, collaborations, and new product developments, in order to increase
their market share.
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“India medical equipment market is
expected to witness substantial growth during the forecast period on account of
faster adoption of new medical technologies. Additionally, increase in aging
population and growing disease awareness is further expected to create
lucrative opportunities for the market growth in the country.”
said Mr. Karan Chechi, Research Director with TechSci Research, a research
based India management consulting firm.
“India Medical Equipment Market By Type (Orthopaedic
Devices, Cardiovascular Devices, Diagnostic Imaging, IVD, Wound Management,
Diabetes Care, Ophthalmic Devices, Dental & Nephrology, Handheld/Homecare
Products, Others), By Segment (Instrument & Appliances, Diagnostics
Imaging, Consumables & Implants, Patient Aids & Others), By End User
(Hospitals & Ambulatory Surgical Centres, Homecare and Clinics), By Source
(Domestic, Import), By
Region, Forecast & Opportunities, 2025”, has evaluated
the future growth potential of India medical equipment market and provides
statistics & information on market size, structure and future market
growth. The report intends to provide cutting-edge market intelligence and help
decision makers take sound investment decisions. Besides, the report also
identifies and analyzes the emerging trends along with essential drivers,
challenges and opportunities in India medical equipment market.
Global Healthcare Analytics Market By
Component (Hardware, Software, Service), By Service (Software Service &
Business Analytics Service), By Deployment Mode (On-premise v/s Cloud), By Type
(Predictive Analytics, Prescriptive Analytics, Descriptive Analytics), By
Application (Financial Analysis, Operational & Administrative Analysis,
Clinical Analysis, Population Health Analysis), By End User (Healthcare Payers,
Healthcare Providers, Third-Party Administrators (TPA), Others), By Region,
Competition, Forecast & Opportunities, 2025
Global Diagnostic Imaging Market By
Product Type ( Architecture (Open/Closed), By Field Strength (High and
Very-High Field MRI Systems)) By Systems (Ultrasound Systems, Nuclear Imaging
Systems, X-Ray Imaging Systems, CT Scanner, MRI System, Mammography System,
Fluoroscopy), By Portability (Stationary, Portability), By Application (OB/Gyn,
Orthopaedic, Musculosekeletal, Neuro &Spine, General Imaging, Cardio
&Thoracic, Breast health, Others), By End Users (Hospitals, Diagnostic
Imaging Centers, Others), By Region, Forecast & Opportunities, 2025
Contact
Mr. Ken Mathews
708 Third Avenue,
Manhattan, NY,
New York – 10017
Tel: +1-646-360-1656
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