The Indian economy is growing at a modest rate due to huge advancement in various domains. Healthcare domain is growing significantly due to huge demand in national and international level. Low rate of surgeries and quality healthcare are some of the major drivers for the market. Also,the well-developed hospital chains provide quality and affordable surgeries to the foreign patients. 

The healthcare spending of India is modestly growing owing to increased prevalence of diseases.India has high incidence and prevalence rate of CVD, CHD, stroke and other heart diseases. As per Institute of Health Metrics and Evaluation, Ischemic heart disease is the largest cause of death in Indians. It had showed a growth between theintervals of 53% from 2005 to 2015.In the time interval of 2005-2016 high blood pressure has grown as a major problem in the country with a growth rate of 34%. As the nation is growing as a medical tourism hub, the major hospitals involved in ICD implant in India are Fortis Hospital, Sevenhills Hospital, Medanta and others.Thecost of ICD implant varies from $3000 to $20,000 from hospital to hospital.

Major market players such asGE Healthcare, Medtronic, Philips and other key players have complied with government policies to establish their businesses in India. India has favorable regulations for companies who want to set their business in India. However, the companies have to comply with the regulations for medical device and drugs for patient’s safety and security. The Indian government has favorable policies to attract major players to invest in the Indian market. The Drugs and Cosmetics Amendment Bill will revolutionize the laws governing medical devices. The new law would differentiate drugs and medical devices as different entities. Further, Government of India Directory of Health and Family Welfare, Central Drug Standard Control Organization (CDSCO), Ministry of Health and Family Welfare (MHFW), and Indian Council of Medical Research (ICMR) are some of the Indian government regulations and policies regarding the healthcare sector in the country. 

Research Methodology

The market study of the India Defibrillators market is incorporated by extensive primary and secondary research conducted by the research team at OMR.  Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior and macro-economic factors. Numbers extracted from Secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity to our reports.

Secondary Sources Include

• Financial reports of companies involved in the market.
• Whitepapers, research-papers, and news blogs.
• Company websites and their product catalog.

The report is intended for medical device manufacturing companies, distributors and suppliers, and other related companies for overall market analysis and competitive analysis.The report provides an in-depth analysis of market size, intended quality of the service preferred by consumers. The report will serve as a source for a 360-degree analysis of the market thoroughly integrating different models.

Market Segmentation

1. India Defibrillators Market Research and Analysis by Type

2. India Defibrillators Market Research and Analysis by End-users

The Report Covers

• Comprehensive research methodology of the India Defibrillators market.
• This report also includes a detailed and extensive market overview with key analyst insights.
• An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
• Analysis of regional regulations and other government policies impacting the India Defibrillators market.
• Insights about market determinants which are stimulating the India Defibrillators market.
• Detailed and extensive market segments with regional distribution of forecasted revenues.
• Extensive profiles and recent developments of market players.