Practice Area: Biomedical

Biomedical & Healthcare Opportunities in India

The Indian healthcare industry is experiencing a rapid transformation. According to a World Health Report, India spends about 5.2 percent of its GDP on the healthcare sector, which is expected to rise to 6.1 percent of GDP by 2012. The Indian healthcare industry is estimated at $35 billion and is expected to reach over $75 billion by 2012. The medical equipment market is growing at an impressive rate of 15 percent. The hospital facilities depend on the import of high-end medical equipment.

 In India, healthcare is delivered through both the public and private sectors. The private sector’s contribution to healthcare has been growing at a faster pace than the government’s. There are no restrictions on foreign direct investment in healthcare services.

India's population of over 1 billion people is growing at a rate of 2.5 percent per year. Of that total, about 200-300 million people have both the demand for and the discretionary income to purchase private health care services. The National Rural Health Mission 2005-2020 aims to provide medical care to the all rural Indians. Not only providers but also global private equity and venture capital funds are vying to explore opportunities. The demand for medical equipment is expected to reach $5 billion by 2012 from current figure of $2.7 billion. Imports account for over 65 percent of the entire medical equipment market, of which 85% is from the United States. The  Central Drug Standard Control Organization, has listed devices for regulation www.cdsco.nic.in

Sources: US ITA, Media, Proprietary Reports.