2012-12-11 21:53:18 - Medical Devices Market in India 2009-2013 - a new market research report on companiesandmarkets.com
Medical devices comprise surgical equipment & appliances, diagnostic devices, X-ray, ophthalmic equipment, laboratory devices & diagnostics, dental equipment, medical disposables and others.
The Indian Medical devices industry is booming with its growing economy and increased healthcare expenditure. With the growing demand of quality healthcare, the existing and new hospitals are procuring modern medical technologies. Also, the Indian government is taking initiatives to provide improved and sustainable healthcare to its rural citizens. Further, the technological advancements leading to innovative devices, and medical solutions coupled with affluent patient base offers potential growth in the Indian Medical devices market.
The Indian Medical devices market is witnessing increased demand for quality and affordable healthcare. Further, with the advancement in technologies and increased affordability by patients,
the market is expected to grow potentially in the future. Among the various segments, cardiovascular devices and orthopedic devices are expected to grow in double digits. Also, the Indian market holds tremendous potential for diagnostic kits (especially blood glucose monitoring systems), which represents one of the high growth segments.
The report by TechNavio Insights forecasts the size of the Medical Devices market in India over the period 2009-2013. Further, it discusses the key market trends, drivers and challenges of Medical Devices market in India, and profiles some of the key vendors of this market.
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