ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846
-A A +A
Estimation of Market Size and Import Dependence in India

Medical Devices Manufacturing Industry

Not much is widely known about the market size and dynamics of the Indian medical devices industry. The size of the market for medical devices and equipment in India and its dependence on import is estimated. The market size of medical devices and equipment has been estimated for the period from 2010–11 to 2013–14, which was found to have accelerated from $2.7 billion to $4 billion, while imports served 70% of the total domestic needs in 2013–14. The share of medical devices-based diagnosis in households’ out-of-pocket expenditure on health has increased from 2.2% in 1993–94 to 7.6% in 2011–12. Regulatory mechanisms must be put in place to bring all key medical equipment under price control in order to drive down prices.



Subscribers please login to access full text of the article.

New 3 Month Subscription
to Digital Archives at

826for India

$50for overseas users

Get instant access to the complete EPW archives

Subscribe now

Updated On : 13th Apr, 2019

Comments

(-) Hide

EPW looks forward to your comments. Please note that comments are moderated as per our comments policy. They may take some time to appear. A comment, if suitable, may be selected for publication in the Letters pages of EPW.

Back to Top