The world industry of Medical Equipments was estimated to be USD 196.65 billion in year 2006. In 2005 Indian industry for medical devices and equipment was estimated to be USD1318m in 2005, which came to this position with 4.6% of growth rate since 2000. The market of medical equipments and medical implants is dominated by the domestic manufacturers, whereas importers dominate the costly and high end medical equipments.
By year 2012 Indian industry is expected to reach USD75 billion, with growth rate of 15%. The medical equipments and allied infrastructure in India is far from adequate. Demand, for hospitals and beds, far surpasses availability. As per estimation by World Health Organization, at present there is requirement of 80,000 beds per year for next five years. This statistic has also attracted local manufactures of hospital beds.
The industry of health and beauty products is also growing with rapid pace and generating more business opportunities for India health and beauty products manufacturers. There are many domestic manufacturers of health and beauty products, which have got great significant position among Indian customers.
All three: Health and Beauty Products, medical implants and medical equipments industries have been projected to grow with very rapid pace in years to come. For more information, clients are requested to log on to Trademart.in, which is leading B2B portal, providing high quality B2B services for Indian SMEs.
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