Market Overview: Many in the international investment community have identified healthcare in India as a major business
opportunity as the sector expands to meet the needs of India?s growing middle-class, a population of around 300 million with rising
income, increasing expectations and greater access to healthcare services. Despite India?s relatively low per capita expenditure
on healthcare to date, India?s market for medical devices is in the world?s top twenty - in 2007 India?s medical equipment market
was estimated at about $1.56 billion. The market is expected to grow about 8 percent annually and approach $2.3 billion by
2012 [source: Espicom Business Intelligence]. Although India has a growing domestic medical device manufacturing sector the
country still imports more than half of its healthcare equipment, in particular high technology products.
India has both government and private healthcare providers, however most growth in recent years has occurred in the
private sector (which currently contributes about 80 percent to growth in the healthcare delivery market). Medical equipment
distribution in India is through regional distributors who have networks of sub-distributors, and the use of a local, well-qualified
distributor helps in establishing good relationships influencing buying decisions. Smaller medical electronics manufacturer may
find it difficult to compete with the larger, branded medical electronics manufacturers unless the product has niche applications.
Regardless of the electronics equipment being imported, a rigorous after-sales servicing plan is expected.
He has completed his B.Pharmacy education at Maharashtra College of Pharmacy in 2003. He completed his Masters at Vinayaka Mission Research
Foundation in 2009. He served as a Sr. officer- Regulatory Affairs and Compliance in Wockhardt Limited, Gujarat. He also served as Regulatory
Specialist (People Manager) Novartis Healthcare Pvt Ltd, Hyderabad. Currently he is working as Manager-Regulatory Affairs India Medtronic Pvt
Ltd, New Delhi.
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