industry

India's Medical Equipment Industry
The Indian Medical Electronics industry was valued at around USD $ 1 billion & growing at an average rate of 17 % for past couple of years. It is strongly believed that growth will outperform the pace, resulting in the Indian Medical Electronics market reaching close to USD $ 6.5 billion by the year 2020. The government and private sector thrust into ultramodern healthcare is is expected to generate demand in medical electronic equipment devices, disposables & consumables, X-Ray and imaging equipment, pathological analyzers, probes, mains and battery operated devices, mobile detection and therapeutic equipment, AEDs, equipment for sanitizing and infection protocols, robotics and radio-therapeutic equipment’s, cardiovascular & neurovascular detection, bionics, systems along with modular life support systems, patient monitoring, internal & external implants, minimally invasive and non-invasive surgery, distant monitoring, diagnosis and remedial management - FICCI



India's Medical Tourism Potential
The Indian medical tourism market is projected to hit $ 3.9 billion mark, having grown at a CAGR of 27 % over the last 3 years - KPMG FICCI report. The inflow of medical tourists is expected to cross 400 million by 2020 and gets maximum patients for heart surgery, knee transplant, cosmetic surgery and dental care. The cost of treatment in India is considered to be the lowest in Asia, much lower than Thailand, Indonesia, Singapore and Hong Kong. The year 2010 witnessed about 6,00,000 patients travelling to India and spending Rs. 4,500 crore in getting treated here from over 30 counties around the world, USA, Canada, UK, Russia, the Middle East, Uganda, Tanzania, Sri Lanka, the Central Asian Republics. In the year 2012 more than 18000 medical visas issued by Indian High Commission - 10,621 for Abuja and 7,611 for Lagos. Besides the western markets, the SAARC countries have been an important source of medical tourists for India - FICCI




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