The market is dominated by domestic suppliers, as imports account for 16.5% of total market size in 2022. B2B drives market demand, with B2B spending representing 97.5% of total demand in 2022. India has the third largest market size for medical and surgical equipment regionally, with demand reaching USD12.1 billion in 2022. Wipro Ge Healthcare Pvt Ltd is the largest company in India, generating 6.2% of the industry’s total production value in 2022. The industry is fragmented, with the top five companies generating 13.2% of total production value in 2022. The total number of companies increases in 2022, to 780,872 units. The costs of the industry increase by 4.5% in 2022, largely driven by rising B2B costs. The industry’s profitability increases and stands at 14.8% of production value in 2022, the 12th highest regionally. The industry’s exports share decreases in 2022 to 19.0% of total production output. With production value of USD12.3 billion, India accounts for 11.5% of the Asia Pacific total in 2022.
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This Euromonitor industrial report provides unique information on Medical and Surgical Equipment in India: ISIC 3311. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Medical and Surgical Equipment in India: ISIC 3311 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
Pharmaceuticals and Medical Equipment is an aggregation of Pharmaceuticals, Medical and Surgical Equipment.
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