|
The
Medical Devices Sector in India; Task Force
Recommendations
Summary
of Imports of Medical Devices in India (All values in Rs.
Crore)
Summary of Exports of Medical
Devices in India (All values in Rs. Crore)
Summary
of Sales of Indigenous versus Imported Medical Devices in
India in 2013-14 (All values in Rs. Crore)
Factors
driving the growth of medical devices sector
1. Market
Factors
Growing
population, ageing, income base and associated disposable
income, increasing socio-economic inclusion of rural and
deprived in mainstream economy, heightened manufacturing
innovation to create customized products to meet the needs
of all income segments, changing disease prevalence
pattern (e.g. early onset of diabetes and heart diseases)
and growing awareness among the middle class to focus on
early detection and disease prevention.
2.
Non-market Factors
Development
of infrastructure, favorable regulations, FDI inflow,
outsourcing of manufacturing and R&D activities to India,
government initiatives to improve healthcare access
through insurance schemes such as RSBY (Rashtriya Swasthya
Bima Yojana), Aarogyasri, etc.
The lack of
regulatory systems, harmonized standards, accreditation,
legal requirements, proper guidance on quality and best
practices etc. are affecting the medical devices industry
adversely.
Page
1 :
2 :
3 :
4 :
5
|
