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Its latest data on Medtech Industryn by Pwc
Citation preview
October 2013
Indian Medical Technology Industry
Strictly Private and Confidential
3 October 2013
www.pwc.com
1 Indian Medical Technology Industry 1
2 Trends Driving Growth in Indian Medical Technology Industry 4
3 Indian Medical Technology Industry : The Future 11
Page Section Overview
Table of Contents
PwC
3 October 2013
Section 1 Indian Medical Technology Industry
1
Indian Medical Technology Industry October 2013
PwC
3 October 2013
India Medtech market is poised for major growth
India Medtech Market Growth1
23 out of the 25 top medical device firms have established at a minimum a direct sales and marketing presence in India
Higher-end medical devices such as orthopedics and other implantables are projected to grow at 19% CAGR until 20152
1. PRTM Emerging Markets Supply Chain Survey, MDISCC 2011 2. EPSICOM India Medical Device Report, 2010
$890 $1,188
$1,444 $1,626 $1,904
$1,988
$2,320 $2,695
$3,135
$3,650
$4,245
$4,844
$-
$1,000
$2,000
$3,000
$4,000
$5,000
$6,000
2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
Sale
s (
$M
)
Consumables Diagnostic Imaging Dental Products Orthopaedics & Implantables Others
Plans to gain more share of the Indian health care market and take advantage of the country's patient pay-based
health care system Medtronic CEO
16% CAGR
(forecast)
18% CAGR (actual)
2
Indian Medical Technology Industry October 2013
Section 1 Indian Medical Technology Industry
PwC
3 October 2013
India Medtech growth Top three major trends driving growth projections
1 2 3 4 5
Governmnet subsidies/tax breaks
Better IP protection
Introduction of new low cost products
Increased awareness about products
Penetration into rural markets
Increased Government healthcare spending
Stable regulatory enironments
Improvement in healthcare inf rastructure
Increasing health insurance coverage
Rapidly growing middle class
Average Companies Score
India Medtech Growth Trends1
Least Likely Most Likely
3
Indian Medical Technology Industry October 2013
Section 1 Indian Medical Technology Industry
PwC
3 October 2013
Section 2 Trends Driving Growth in Indian Medical Technology Industry
4
Indian Medical Technology Industry October 2013
PwC
3 October 2013
Regulation Financing Innovation
Collaboration Investments
Medical Technology Growth is driven by profound changes in the Industry Environment in India
5
Section 2 Trends Driving Growth in Indian Medical Technology Industry
Indian Medical Technology Industry October 2013
PwC
3 October 2013
Regulation
Regulatory Authority
FDI Clinical Trials
Pricing Compliance
Regulatory Environment is Seeing Major Changes which will Impact the Medical Technology Industry
6
Section 2 Trends Driving Growth in Indian Medical Technology Industry
Indian Medical Technology Industry October 2013
PwC
3 October 2013
Financing
Government Health
Insurance
RSBY, State Government
Social Insurance
CGHS, ESIC
Private Health
Insurance
Individual, Group
Employer Provided
Railways, Armed Forces
A range of Healthcare Financing Mechanisms are Contributing to the Growth of the Medical Technology Industry
7
Section 2 Trends Driving Growth in Indian Medical Technology Industry
Indian Medical Technology Industry October 2013
PwC
3 October 2013
Innovation
Product
Low Cost Breakthrough
Business Model
PPP
Medical Technology Industry in India is characterized by Innovation across both Product and Business Model dimensions
8
Section 2 Trends Driving Growth in Indian Medical Technology Industry
Indian Medical Technology Industry October 2013
PwC
3 October 2013
Collaboration
Industry-Academics
Industry-Research
Industry-Industry
New collaboration Models are emerging to aid Medical Technology Innovation in India
9
Section 2 Trends Driving Growth in Indian Medical Technology Industry
Indian Medical Technology Industry October 2013
PwC
3 October 2013
Investments
Strategic
R&D Manufacturing Channels
Private Equity
Established Startups
Indian Medical Technology Industry is seeing surge in Investments from both Strategic Investors and Private Equity Funds
10
Section 2 Trends Driving Growth in Indian Medical Technology Industry
Indian Medical Technology Industry October 2013
PwC
3 October 2013
Section 3 Indian Medical Technology Industry : The Future
11
Indian Medical Technology Industry October 2013
PwC
3 October 2013
Companies That develop operational capabilities to drive India specific product and business model innovation are better positioned to win
Establish a Low-cost Manufacturing Network
1
Customize Commercial Operations
3
Establish India Specific R&D Operations
2
Allows to compete on price Enable companies to penetrate all
market segments Combines local strengths with global
model
Focus on creating market appropriate products for India (and other emerging markets)
Align India R&D with global R&D operating model
Evolving healthcare ecosystem requires entrepreneurial approach to commercialization
Entering new market segments in India will require redesign of commercial operations
12
Indian Medical Technology Industry October 2013
Section 3 Indian Medical Technology Industry : The Future
2013 PricewaterhouseCoopers Private Limited. All rights reserved. In this document, PwC refers to PricewaterhouseCoopers Private Limited (a limited liability company in India), which
is a member firm of PricewaterhouseCoopers International Limited, each member firm of
which is a separate legal entity.
Thank You