India Medical Device Market is Driven by Rising Investment in Healthcare, Increasing Number of Chronic Diseases Patients and Growth in Elderly Population: Ken Research REQUEST FOR SAMPLE REPORT Buy Now Request For sample Report × Report Title Name Email Designation Phone No Comapny Name Comapny URL Country -- Please Select Your Country -- Afganistan Africa Albania Algeria Andorra Angola Anguilla Antigua and Barbuda Argentina Armenia Aruba Asia Australasia Australia Austria Azerbaijan Bahamas Bahrain Bangladesh Barbados Belarus Belgium Belize Benin Bermuda Bhutan Bolivia Bonaire Bosnia Herzegovina Botswana Brazil BRICS British Virgin Islands Brunei Darussalam Bulgaria Burkina Faso Cambodia Cameroon Canada Cape Verde Cayman Islands Central African Republic Central and South America Chad Chile China Colombia Comoros Congo Costa Rica Cote d'Ivoire Croatia Cuba Curacao Cyprus Czech Republic Denmark Djibouti Dominica Dominican Republic Ecuador Egypt El Salvador Equatorial Guinea Eritrea Estonia Ethiopia Europe European Union Falkland Islands Faroe Islands Fiji Finland France French Guiana French Polynesia Gabon Gambia Georgia Germany Ghana Gibraltar Global Great Britain Greece Greenland Grenada Guadeloupe Guam Guatemala Guerney & Alderney Guinea Guinea-Bissau Guyana Haiti Honduras Hong Kong Hungary Iceland India Indonesia Iran Iraq Ireland Isle of Man Israel Italy Ivory Coast Jamaica Japan Jersey Jordan Kazakhstan Kenya Kiribati Kosovo Kuwait Kyrgyzstan Laos Latvia Lebanon Lesotho Liberia Libyan Arab Jamahiriya Liechtenstein Lithuania Luxembourg Macao Macau Macedonia Madagascar Malawi Malaysia Maldives Mali Malta Man (Island of) Marshall Islands Martinique Mauritania Mauritius Mayotte Mexico Micronesia Middle East Minnesota Moldova Monaco Mongolia Monserrat Montenegro Morocco Morroco Mozambique Myanmar Namibia Nepal Netherlands New Caledonia New Zealand Nicaragua Niger Nigeria Niue North America North Korea Norway Oman Pakistan Palau Palestine Panama Papua New Guinea Paraguay Peru Philippines Poland Portugal Puerto Rico Qatar Reunion Romania Russia Rwanda Saint Helena Saint Lucia Saint Martin Saint Pierre and Miquelon Saint Vincent and the Grenadines Samoa Samoa (American) San Marino Sao Tome and Principe Saudi Arabia Scandinavia Senegal Serbia Seychelles Sierra Leone Singapore Sint Maarten Slovakia Slovenia Solomon (Islands) Somalia South Africa South Korea South Sudan Spain Sri Lanka Sudan Suriname Svalbard and Jan Mayen Islands Swaziland Sweden Switzerland Syria Taiwan Tajikistan Tanzania Thailand Timor Leste Togo Tonga Trinidad and Tobago Tunisia Turkey Turkmenistan Turks and Caicos Islands Uganda Ukraine United Arab Emirates United Kingdom United States Uruguay Uzbekistan Vanuatu Vatican City Venezuela Vietnam Virgin Islands Western Sahara Yemen Zambia Zimbabwe Requirement Submit “Rising importance of affordable healthcare facilities and growth in number of chronic disease patients in the country has driven the medical device sector in India”. Analysts at Ken Research in their latest publication “India Medical Device Market Outlook to 2023 – by IVD Market (Type of Device, Sales Channel, Domestic Manufacturing and Import), by Diagnostic Imaging Market (Type of Device, Domestic Manufacturing and Import) and by Patient Aid Market (Orthopedic Device, Hospital Furniture and Hearing Aid)” believe that the medical device market in India has been increasing due to rising healthcare expenditure, increase in number of healthcare establishments and increasing penetration of medical insurance in the country. The market is expected to register a positive CAGR of 10.8% in terms of revenue during the forecast period 2018-2023E. Rise in Chronic Diseases and Lifestyle Changes: Lifestyle related changes have resulted in growing number of patients with cardiac disorders and life threatening disease such as cancer. This has led to positive growth in medical device sectors such as diagnostic imaging as more number of Cath labs and nuclear medicine screening facilities has to be established for proper diagnosis of patients in order to provide customized solutions. This in turn has led to healthy growth for medical device sector in recent years. Growing Healthcare Expenditure: The public healthcare expenditure stood at INR 213,719.6 Crore in FY’2018. The government of India has been taking regular initiatives to increase this expenditure to level of 2.5% of country’s GDP by 2025 in regards to its National Health Policy. Increase in healthcare expenditure has led to successive Greenfield and Brownfield growth in hospital sector. Consequentially, this has led to increase in revenue of the medical device industry as new capital systems, upgraded with latest technology are installed at various healthcare facilities. Growing Orthopedic and Auditory Loss Population: Rising elderly population has led to higher demand for implants and hearing aids. Also, with new technologies being introduced in Orthobiologics and sports medicine and rising demand for personalized cure, vendors in the industry have started achieving greater revenue in recent years. Also, factors such as increase in number of road accidents and rising number of people suffering with auditory loss has augmented the demand of varied medical devices in the country. Key Segments Covered:- IVD Device Market: By Business Activity (Import and Domestic Manufacturing) By Sales Channel (Distributor and Direct Sales) By Type of Device (POCT, Immunochemistry, Biochemistry, Hematology, Molecular Diagnostics, Microbiology, Coagulation, Urinalysis and Others) By Type of POCT (Blood Glucose Testing Kit, Infectious Disease Testing Kit, Blood Gas Electrolytes, Pregnancy and Fertility Testing Kit, Cardio Metabolic Monitoring, Anticoagulant Management), Cholesterol Testing Kit and Others) By Immunochemistry Reagent and Instrument By Biochemistry Reagent and Instrument By Hematology Reagent and Instrument By Molecular Diagnostics Reagent and Instrument By Microbiology Reagent and Instrument By Urinalysis Reagent and Instrument By Coagulation Reagent and Instrument Diagnostic Imaging Market: By Business Activity (Import and Domestic Manufacturing) By Type of Device (MRI, CT, Ultrasound, X-Ray, Cath Lab and Nuclear Medicine) By MRI Device (1.5T, 3.0T, 0.2-0.5T) By CT Scan (16Slice, 64-128 Slice, <16 Slice and >128 Slice) By X-Ray (CR, DR and Analog) By Cath Lab (Flat Panel Digital, Biplane and Mobile) By Nuclear Medicine (PET Scanner, SPECT and Cyclotron) Patient Aid Market: By Type of Device (Orthopedic, Hospital Furniture and Hearing Aid) By Orthopedic Devices By Business Activity (Import and Domestic Manufacturing) By Type of Device (Joint, Trauma, Sports Medicine, Spine and Orthobiologics) By Hospital Furniture By Type of Device (Hospital Bed, OT Table and OT Light) By Type of Hospital Bed (Manual and Motorized) By Type of OT Table (Imported and Indian) By Type of OT Light (Imported and Indian) By Hearing Aids By Business Activity (Import and Domestic Manufacturing) By Type of Device (Over the Ear and Inside the Ear) By Sales Channel (Dealer, Retail and Digital Marketing) Key Target Audience:- IVD Device Manufacturers IVD Reagent Manufacturers IVD Device Importers Government Agencies Orthopedic Device Companies Hearing Aid Companies Hospital Furniture Manufacturers Diagnostic Imaging Device Companies Time Period Captured in the Report:- Historical Period: FY’2013- FY’2018 Forecast Period: FY’2019E – FY’2023E Companies Covered:- IVD Devices:- Roche Diagnostics Transasia Biomedical Beckman Coulter Biomerieux Diagnostic Imaging: Wipro GE Healthcare Siemens Healthcare Philips India Patient Aid: J&J Zimmer Biomet Smith and Nephew Arthrex Stryker Medtronic Widex Sivantos Audiology Starkey Laboratories GN Hearing Sonova For more information on the research report, refer to below link:- India Medical Device Market Related Reports:- Philippines Medical Devices Market Outlook to 2023 – Surge in Demand for Used/Refurbished Medical Equipments and New Healthcare Infrastructure Projects to Maintain Healthy Growth India POCT Market Outlook to 2023 – By Major Devices (Blood Glucose Testing Kits, Infectious Disease Testing Kits, Blood Gas Electrolytes, Pregnancy and Fertility Testing Kits, Cardio Metabolic Monitoring, Anticoagulant Management, Cholesterol Testing Kits and Others), By End Users (Hospitals & Clinics, Consumers/ Individuals, Diagnostic Labs, Home Healthcare and Others), By Distribution Channel (Distributors and Direct Sales), By Consumables and Instruments and By Region India Medical Consumables Market Outlook to 2023 – Driven by Surge in adoption of Innovative Medical consumable products coupled with Rising Outpatient Revenue Contact Us:- Ken Research Ankur Gupta, Head Marketing & Communications Sales@kenresearch.com +91-9015378249 Tags: Beckman Coulter Revenue in INR Crore, India Arthrex Medical Device Market Revenue, India Beckman Coulter Medical Device Market Size, India Biochemistry Reagent and Device Market, India Biomerieux Medical Device Market Shares, India Cath Lab Market Shares, India CT Scan Medical Device Market, India Diagnostic Imaging Device Market, India GN Hearing Medical Device Market Revenue, India Hearing Aid Market, India Hearing Aid Market Revenue, India Hearing Aid Market 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