Delloite Report on Bio medical instrumentation
Indian Medical Electronics Industry
Outlook 2020
December 2011
2
Contents
Foreword from FICCI
Preface from Deloitte
Executive Summary
Introduction
Market Size Market Segmentation
Triggers
Demographic Factors Macroeconomic Factors Disease Burden Ecosystem Development Regulatory Factors Foreign Investment Emerging Segments
Challenges
Current Regulatory Regime Current Healthcare Spend Infrastructure Adoption Socio-Economic Inequality
Stakeholder and Value Chains Major Value-Chain Players
Outlook 2020 Future Drivers and Trends Maturity of Value Chain and Stakeholders Unleasing The Market Potential Market Movers – Beyond 2020
A Case Study
Views from Experts
Acknowledgement
About FICCI
About Deloitte
Bibliography
Notes
Contacts
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Indian Medical Electronics Industry Outlook 2020
3
Foreword from FICCI
Medical Electronics Forum
The role of Electronic components, devices and products has been on a positive growth path in the healthcare sector during the last decade. The influx of Medical
Electronics technology has reinforced the existing
Healthcare infrastructure in various ways right from digitizing medical test, diagnostic and therapeutic procedures to enhancing the reach of Healthcare through telemedicine and Health IT. With the fast pace of growth in this domain, need for a common platform where doctors, experts from technology providing industries, key decision makers from various government bodies, academician and other stake holders can together deliberate on the way forward, was recognized.
forum works towards the creation of an Ecosystem for
Manufacturing, Product Development, Research, Testing and Validation Infrastructure as per global standards.
A brief outline of FICCI –
Outlook 2020
December 2011
2
Contents
Foreword from FICCI
Preface from Deloitte
Executive Summary
Introduction
Market Size Market Segmentation
Triggers
Demographic Factors Macroeconomic Factors Disease Burden Ecosystem Development Regulatory Factors Foreign Investment Emerging Segments
Challenges
Current Regulatory Regime Current Healthcare Spend Infrastructure Adoption Socio-Economic Inequality
Stakeholder and Value Chains Major Value-Chain Players
Outlook 2020 Future Drivers and Trends Maturity of Value Chain and Stakeholders Unleasing The Market Potential Market Movers – Beyond 2020
A Case Study
Views from Experts
Acknowledgement
About FICCI
About Deloitte
Bibliography
Notes
Contacts
4
5
6
7
7
9
12
12
13
13
13
14
15
15
16
16
16
16
16
17
18
18
22
22
23
24
26
27
28
35
36
37
38
39
40
Indian Medical Electronics Industry Outlook 2020
3
Foreword from FICCI
Medical Electronics Forum
The role of Electronic components, devices and products has been on a positive growth path in the healthcare sector during the last decade. The influx of Medical
Electronics technology has reinforced the existing
Healthcare infrastructure in various ways right from digitizing medical test, diagnostic and therapeutic procedures to enhancing the reach of Healthcare through telemedicine and Health IT. With the fast pace of growth in this domain, need for a common platform where doctors, experts from technology providing industries, key decision makers from various government bodies, academician and other stake holders can together deliberate on the way forward, was recognized.
forum works towards the creation of an Ecosystem for
Manufacturing, Product Development, Research, Testing and Validation Infrastructure as per global standards.
A brief outline of FICCI –
Bibliography: 1 Indian Brand Equity Foundation (IBEF). (2011). Healthcare. www.ibef.org. Retrieved on 24th August 2011 from http://www.ibef.org/industry/healthcare.aspx 2 Indian Semiconductor Association. (2010). Current status and potential for medical electronics in India. Retrieved on July 4th 2011 from http://isaonline.org/documents/ISA_MedElecn_Executive_Summary__Dec_2010.pdf 3 Indian Semiconductor Association. (2010). Current status and potential for medical electronics in India. Retrieved on July 4th 2011 from http://isaonline.org/documents/ISA_MedElecn_Executive_Summary__Dec_2010.pdf 4 United Nations, Department of Economic and Social Affairs Population Division. (2009). World Population Ageing 2009 August 6th, 2011 fromhttp://mohfw.nic.in/WriteReadData/l892s/9028879081Annualreportpart-1.pdf 9 WHO (2006) India, New Delhi. Retrieved on July 21st, 2011 from http://www.who.int/countryfocus/cooperation_strategy/ ccs_ind_en.pdf 10 IBEF (2008). Healthcare. www.ibef.org. Retrieved on 26th June 2011 from http://www.ibef.org/artdisplay. 12 United States International Trade commission. (2010). India’s Medical Device Sector: Increasing U.S. Export Opportunities Resources for health in India. Published online January 12, 2011 DOI:10.1016/S0140-6736(10)61888-0. _www. thelancet.com. Retrieved on 24th August, 2011 from _http://www.thelancet.com/journals/lancet/article/ PIIS0140-6736(10)61888-0/fulltext#article_upsell 14 World Health Organization. (2010.). Medical Devices: Managing the mismatch: An outcome of the priority medical device project 23rd, 2011 from http://mohfw.nic.in/WriteReadData/l892s/9028879081Annualreportpart-1.pdf 16 U.S Department of Commerce, International Trade Administration 17 Government of India, Ministry of Health and Family Welfare. 2010. Annual report to the People on Health. Retrieved on July 4th, 2011 from mohfw.nic.in/WriteReadData/l892s/9457038092AnnualReporthealth.pdf 18 Ministry of Health and Family Welfare, Government of India 4th, 2011 from http://mohfw.nic.in/WriteReadData/l892s/9028879081Annualreportpart-1.pdf 38 www.ficcimef.biz Ph: +91 (11) 2332 2375, 2348 7493, Fax: 011-23721504, 23320714 Tanmoy Bose