The medical devices sector is one of
the most promising segments in the Indian healthcare industry. With continuous
growth in the healthcare infrastructure of the country, that is, the rise in
the number of hospitals, nursing homes and other medical centers, there has
been considerable increase in the demand for medical devices, both high-end
sophisticated devices as well as indigenously manufactured low-end
devices.
The Indian medical devices sector
has traditionally been import dependent for technology intensive devices and
the market for endoscopes is no different. The market is currently dominated by
a number of foreign players who operate in the country through their
subsidiaries or through distributors and partners. The growing target base of
consumers will boost sales and the market is expected to exhibit steady growth
in future.
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The report provides a snapshot of
the endoscope market. It begins with an overview of the major macro economic
indicators which highlights the present economic scenario prevalent in India.
It is followed by the introduction section which briefly discusses the
characteristics and uses of endoscopes. It also includes a brief description of
the various types of endoscopes.
This is followed by the market
overview section which provides an insight into the market, both global and
Indian, and highlights the market size and growth of endoscopes in the country.
The market share of the different types of endoscopes has also been provided in
this section.
This is followed by an analysis of
the drivers leading to growth in the market. This includes improving
technology, massive, growing, ageing, and chronically ill population, improving
hospital infrastructure, increasing healthcare spending and increasing
awareness. The main challenges to the market is hospitals under investing in
endoscopes. A section on the major technological trends in this market has also
been included. This includes white light endoscopy (WLE), chromoendoscopy,
narrow-band imaging (NBI), autofluorescence imaging (AFI), confocal laser
endomicroscopy (CLE) and natural orifice transluminal endoscopic surgery
(NOTES).
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The competitive landscape section
provides an overview of the competitive scenario in the industry and includes a
detailed profile of the major players in the market. The section begins with
the Porter’s Five Forces Analysis, illustrating the competitive rivalry,
bargaining power of suppliers and buyers and threat of new entrants and
substitutes. It also includes competitive benchmarking of the top players
operating in the endoscope market in India.
The report also provides brief
profiles of major domestic and foreign players in the market and a snapshot of
their financial performance along with the key financial ratios, business
highlights, their product portfolio and SWOT analysis, thus providing an
insight into the existing competitive scenario.
A section providing strategic
recommendations has been added at the end of the report which gives effective
solutions to existing and potential players for improving their market share
and increasing their profitability.
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