Surgical & Disposable Medical Projects (Syringes, Gloves, Needles, Cotton And Bandages Etc.)

The economic outlook for India is positive. A growth rate of above 8% was achieved by the Indian economy in the last 4 years, with current growth rate of 9%. Industrial Growth has touched 14%. Growth in the Indian economy has steadily increased since 1992. Many factors are behind this robust performance of the Indian economy in the last few years. High growth rates in industry & service sector and a benign world economic environment provided a backdrop conducive to growth of the Indian economy. Another positive feature is that prices have been relatively stable. The healthcare industry in India has come a long way from the days when those who could afford it had to travel abroad. Today patients from neighboring countries, Middle East, UK and now even USA are flocking to India for specialized treatment.

In India healthcare is delivered through both the public sector and private sector. The public healthcare system consists of healthcare facilities run by central and state government which provide services free of cost or at a subsidized rates to low income group in rural and urban areas. With the Indian economy enjoying a steady growth, the industry is heading towards growth phase. The prevailing mood of economic confidence is likely to be reflected in the Indian healthcare industry. The introduction of product patents in India in 2005 is expected to boost the industry by encouraging multinational companies to launch specialized life-saving drugs. As a result of the new drug regime, large number of clinical research companies are setting up businesses in India. Attracted by the advantages such as lower costs of production and skilled workforce that India offers, these companies are looking to set up research and development as well as production centers here.

New Business Opportunities

Government of India has accorded a high priority to the healthcare sector by an increased budgetary outlay and heavily slashed customs duty on imports of medical equipments. Also there are special incentives being provided for setting up new hospitals. There is a vibrant private sector, actively involved in the development of the healthcare sector. These initiatives are giving fillip to various market opportunities in the segments detailed below.

• Clinical Research
• Pharmaceuticals & Food Supplements
• Biotechnology
• Tertiary & Secondary Care Facilities
• Clinical Laboratories
• Imaging Diagnostic Centers
• Pharmacy Chains
• Telemedicine
• Mobile and Home Care
• Biotechnology
• Training & Education Opportunities
• Knowledge & Business Process Outsourcing (Medical Writing, Pharmacovigilance, Insurance, Healthcare Processes and other areas)
• Healthcare Information Technology
• Medical Tourism
• Medical Equipment/Instrumentation/Consumables
• Specialized Consulting Services
• Hospital Administration & Management
• Healthcare Placement Services
• Quality Accreditations/Certifications
• Specialized Marketing & Promotions
• Medical Publications/Medical Writing