Medical Device Industry

Indian Medical Equipment Industry Opportunities for US Companies The Indian health care industry is estimated at $35 billion and is expected to reaching over $75 billion by 2012. The health check equipment market is out harvesting at a crop of 15 percent and the strike for equipment is expected to reach $5 billion by 2012 from the certain figure of $2.7 billion. The medical infrastructure in India is furthest from adequate. Demand, for hospitals and beds, far surpasses availability. The World Health Organization projected that India needs to realize at least 80,000 hospital beds per year for the next phoebe bird years to meet the expanding local demand. A significant percent of these hospital beds will be in various specialties. both the government and the private sector have embarked on a path to bring about a rapid growth in the industry and to manage the demand for high caliber service. This has also brought a surge in demand for high-end medical devices and equipment as the specialty hospital facilities depend on the spell of high-end medical equipment. $ bn Domestic Market There is a exploitation demand for quality healthcare service. The Indian population of 1 billion people is growing at a rate of 2.5 percent per year.

The growth in affluence of 200-300 million affectionate middle-income consumers has increased the demand for, along with the discretionary income to purchase, private health care services. Many in the growing middle income incision look for international quality medical services in private super-specialty hospitals. This trend is likely to continue for the next some(prenominal) years, thereby creating demand for a higher standard of healthcare. The changed demographic profile and the rise of lifestyle-related diseases, has altered the health seeking air of the consumer. There is a rise in lifestyle-related diseases such as diabetes, cardiovascular diseases, and diseases of the 501 Fifth Avenue, Suite 302 2010 , New York, NY 10017 ? Tel: (646) 807-9290... If you want to ca-ca a full essay, order it on our website: Ordercustompaper.com

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