Business Opportunties : Indian medical equipment market to clock USD 2 billion by 2015

• Medical equipment market is estimated to grow at a CAGR of 17% over the next five years and reach USD 2.075 Billion (INR 9735 Cr)
• The domestic market for medical equipment currently stands at USD 820 Million (INR 3850 Cr)
• Annually, medical equipments worth USD 520 Million (INR 2450 Cr) is manufactured in India, out of which USD 75 Million (INR 350 Cr) is exported
• The growth of medical equipment market is directly proportionate to growth of healthcare delivery which stood at USD 45.36 Billion (INR 2, 16,000 Cr) in 2009
• Siemens, Wipro GE and Philips are the leaders in the space with 18%, 17% and 10% market share respectively; however 45 % of the market is addressed by smaller, niche domestic players
• The role of a semiconductor components becomes more critical as the medical equipment devices move towards portable and smaller medical devices
• Medical imaging systems, patient monitoring systems, digital hearing aids and infusion pumps to drive electronic consumption in the space
• Governments efforts towards population stabilization, increased demand for affordable, portable and quality healthcare, usage of telecommunications in telemedicine are few major factors pushing electronics consumption in the healthcare segment
• Some of the widely used semiconductor components in medical equipments are – microcontrollers, amplifiers, sensors, Digital Signal Processors (DSP) and Application Specific Integrated Circuits (ASIC)
• ME hubs/upcoming projects in India: Agartala, Bangalore, Bhopal, Bhuvaneshwar, Chennai, Delhi, Faridabad, Gurgaon, Jaipur, Kolhapur, Kolkata and Mumbai  (alphabetical & indicative list)

Source : ISA Report