Medical Equipment Dealers

A medical device is a product which is used for medical purposes in patients, in diagnosis, therapy or surgery. The medical devices and equipments are used for diagnosis, therapy and patient monitoring. Market for medical supplies and disposables is dominated by the domestic manufacturers, whereas importers dominate the costly and high end medical equipments.

The global market of medical devices reached roughly 209 billion US Dollar in 2006 and is expected to grow with an average annual rate of 6 - 9% through 2011. The size of Indian medical equipment supplies industry is likely to touch US$ 7 billion by 2012 since a large of public and private healthcare facilities would come up by then in different locations, especially in metros and other emerging satellite town with concentration for economic activities. The projections are based on the fact that medical equipment supplies have already started stretching their plans since a substantial number of healthcare facilities are likely to be added in metros and more so in satellite town adjoining to metros since such townships are being promoted for industrial development.

Most of such facilities are estimated to come up through public private initiatives in which leading healthcare facilities are likely to forge alliances with state owned healthcare facilities. In view of this, naturally medical equipment suppliers would have to play a pivotal role to meet the requirement to set up world class laboratories and other centres in such utilities. Most of the equipment in the Indian market is imported, especially from the USA.

However, in the past few years there has been a mushrooming of Indian players who cater to the demands of the quality conscious private hospitals as well as the cost conscious public government hospitals. Some of the Indian companies that have established a lead in the industry include Medived Innovations, Opto Circuits, Trivitron Healthcare, etc. Though these companies manufacture niche products with international accreditations, they are mostly export oriented rather than supplying their produce to domestic market. As the Indian market is maturing, however, these companies will now increase their focus on Indian market, keeping in mind the regulatory requirements and the cost dynamics.

Useful Links :
Surgical Instrument Suppliers
Orthopedic Equipments Manufacturers