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

India medical equipment market is expected to grow at a formidable CAGR during the forecast period. The India medical equipment market is driven by upsurge in geriatric population in the country. The market is further anticipated to rev up during the forecast period, owing to increasing technological innovations and new product developments. Also, growing awareness regarding lifestyle diseases such as diabetes and obesity is positively influencing the growth of market over the next few years.

The India medical equipment market is segmented based on type, segment, end user, source, company and region. Based on type, the market is segmented into orthopaedic devices, cardiovascular devices, diagnostic imaging, IVD, wound management, diabetes care, ophthalmic devices, dental & nephrology, handheld/homecare products and others. Out of these, the IVD segment dominated the market until 2019 and is anticipated to maintain its leading position during the forecast period as well, as these in vitro diagnostics devices are used to monitor overall health of a person in order to prevent or cure diseases related to in-vitro process. Additionally, the efficient testing of diseases such as cancer, malaria, STDs, diabetes, etc., is the primary factor contributing to the growth of the segment in India.

Major players operating in the India medical equipment market include 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. The companies are adopting competitive strategies include mergers & acquisitions, partnership, agreements, and new device development, in order to expand their geographic reach and to increase the customer bases.

Years considered for this report:

Historical Years: 2015-2018

Base Year: 2019

Estimated Year: 2020

Forecast Period: 2021–2025

Objective of the Study:

• To analyze and estimate the market size of India medical equipment market from 2015 to 2018.
• To estimate and forecast the market size of India medical equipment market from 2019 to 2025 and growth rate until 2025.
• To classify and forecast India medical equipment market based on type, segment, end user, source, company and regional distribution.
• To identify dominant region or segment in the India medical equipment market.
• To identify drivers and challenges for India medical equipment market.
• To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in India medical equipment market.
• To conduct pricing analysis for India medical equipment market.
• To identify and analyze the profile of leading players operating in India medical equipment market.
• To identify key sustainable strategies adopted by market players in India medical equipment market.

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TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of manufacturers across the country. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the manufacturers which could not be identified due to the limitations of secondary research. TechSci Research analyzed the manufacturers, distribution channels and presence of all major players across the country.

TechSci Research calculated the market size of India medical equipment market using a bottom-up approach, wherein data for various end-user segments was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.

Key Target Audience:

• Medical equipment manufacturers, suppliers, distributors and other stakeholders
• Government bodies such as regulating authorities and policy makers
• Organizations, forums and alliances related to medical equipment
• Market research and consulting firms

The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers, suppliers, partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.

Report Scope:

In this report, India medical equipment market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

• 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
• India Medical Equipment Market, By Segment:
• Instrument & Appliances
• Diagnostics Imaging
• Consumables & Implants
• Patient Aids
• Others
• India Medical Equipment Market, By End User:
• Hospitals & Ambulatory Surgical Centres
• Homecare
• Clinics
• India Medical Equipment Market, By Source:
• Domestic
• Import
• India Medical Equipment Market, By Region:
• North
• East
• West
• South

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in India medical equipment market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

• Detailed analysis and profiling of additional market players (up to five).