Medical Healthcare Equipment
According to Ernst & Young, the size of the Indian medical equipment industry was US$ 2.16 billion in 2006 (6% of the total turnover of the health care industry) and is growing at 15% and is expected to reach US$ 3.2 billion by 2009 and US$ 4.5 billion by 2012. Nearly 35% of the medical equipment is accounted for by the domestic sector, while the rest is accounted by imports.
Among the leading foreign suppliers of advanced equipment are Siemens, GE, Philips Medical Systems, Toshiba, Hitachi and Boston Scientific. Many foreign players have also been entering in to joint ventures with domestic players to either manufacture their products locally or employ local agents to distribute them.
The medical and surgical instruments segment received a cumulative investment of US$ 115.29 million over the period from August 1991 to April 2007.