| Growing per capita income and adoption of new | | | | and foreign manufacturers of medical devices and |
| lifestyles has made healthcare services in India to | | | | equipments eyeing for India for creating global hub for |
| undergo rapid change to meet the increasing demand | | | | manufacturing medical devices and equipments. |
| for quality healthcare services. Urban areas have seen | | | | According to Cygnus Research estimates the market |
| the construction of new, state-of-the-art hospitals and | | | | is expected to reach US$5 billion by 2012 with an |
| associated satellite facilities, while others in semi-urban | | | | annual growth rate of nearly 15%. |
| and rural areas are yet to avail the same healthcare | | | | In the backdrop of this encouraging scenario, Cygnus |
| infrastructure. This has fueled the demand for | | | | Research has come up with an industry analysis of |
| healthcare equipment and devices across segments | | | | medical devices and equipments in India. The report |
| and according to Cygnus Research estimates Indian | | | | comprises eleven chapters. It discusses general |
| medical equipment and devices market in 2008 was | | | | overview of the global medical devices industry with |
| US$2.75 billion in 2008. The medical instruments & | | | | brief discussion about some major global markets, |
| appliances segment, which has been estimated at | | | | India's market and key market trend in the recent past, |
| US$690 million in 2008, is further projected to reach | | | | growth drivers of the industry, issues and challenges, |
| US$1,236.5 million in 2012. The medical devices and | | | | major players, major associations leading the industry, |
| equipments market is poised for phenomenal growth | | | | critical success factors and future outlook. |
| due to focused investment in healthcare infrastructure | | | | |