A Snapshot Of The Market Opportunity In India and China
Saturday, February 21, 2015
Anecdotally, everyone is aware that India and China represent huge opportunities for the medtech industry.
Arecent report provides a deeper dive specifically into the surgical market opportunity in those countries.
The Indian surgical devices market is worth at $2.75 billion and has an annual growth rate of 15%. The world's second-most populous nation imports roughly 75% of its high-value surgical devices, according to a report by Cambridge Consultants, a product development and technology consultancy based in the United Kingdom.
By comparison, China’s market is more than than three times larger at $8 billion and is also growing at 15% annually. The country imports more than 90% of devices imported from the US, Japan and Germany.
Here is a nifty infographic showing how healthcare dollars are invested in healthcare in India, China and the US.