Western people spotted the medical device market in India

India, like China, as a country with a large population, the demand for medical devices is also very strong. However, compared to China, India medical equipment production and R & D level was significantly lower than China. The survey data show that India's medical device market is worth $ 3.2 billion, lower than the Chinese. While India is still a typical developing country, but the medical device industry in India in the past five years has made the astonishing results of 15.6% CAGR, excellence in the global growth rate topped.

India Medical Equipment Industry started earlier. As early as in the British colonial period, India on the establishment of a certain scale of the medical equipment industry, as general surgical instruments processing plant. However, the medical devices industry in India real progress has been made is a thing of the past 60 years. Currently, the level of development of the medical devices industry in India is lagging far behind in China. In the field of precision medical device manufacturing, China and India to widen the gap in the field of production of the B-device, X-ray machines, CT machine and implantable medical devices, India can not be compared with China.

Western analysts believe that the general characteristics of the medical equipment industry in India is "small and scattered. India, the vast majority of medical device companies, small business employs a dozen people to the dozens of people, but has a few hundreds of employees of large medical equipment manufacturing enterprises. This small workshop-style production mode determines the medical equipment industry in India is lagging behind China's reality.

The medical equipment industry in India is still a closed industry, in addition to a few products are imported from overseas, the medical device industry in India is basically self-sufficiency. India medical equipment imported products mainly ophthalmic surgical instruments, orthopedic devices, cardiovascular devices, electronic imaging, diagnostic equipment and in vivo diagnostic devices, medical equipment in imports between 215 million to $ 230 million. In recent years, the number of imports of these products from China, India has increased year by year.

Western analysts have said that the addition to the industrial structure, the main factors hindering the development of the medical device industry in India there are registration procedures for foreign-funded enterprises, India is very complicated, and government offices procrastinator, corruption is rife, resulting in long foreign product time-consuming approval sometimes take several years for approval of a product, which makes the enterprise a big headache. Therefore, fewer foreign medical device companies to set up wholly-owned companies in India.

In addition, 80% of India's people live in rural areas and a high degree of poverty in some areas less than $ 1 per person per day cost of living. According to foreign media reports, in 2011, India's per capita medical product costs $ 2.97, while China is about $ 7.9, more than twice the size of India, many Southeast Asian countries, per capita medical equipment costs are also much higher than India.

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