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(India.CityRegions.Com, February 10, 2019 ) Netscribes' latest market research report titled Coronary stents Market in India 2013 states that manufacturers of coronary stents are experiencing high demand for their products due to a number of factors. Since cardiovascular diseases have become a common occurrence among the Indian population and the healthcare infrastructure in the country is rapidly improving, it has built a strong case for angioplasty procedures in the country. Moreover, an increase in awareness and the willingness to spend on healthcare is benefiting the market. Also, advancements in technology such as the introduction of bioabsorbable stents in the Indian market in December 2012 has made such stents more acceptable to patients, thereby providing further stimulus for market growth. With growth in the number of cath labs in the country and their subsequent expansion to smaller cities and towns, angioplasties will become more accessible to patients and will aid in further development of the market.
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Products available in the market can be divided into two types - those manufactured by MNCs that command high prices, and those manufactured by domestic companies that are generally priced lower. It is the MNCs that serve the majority of the market with almost all the big hospitals in tier I cities, where most of the angioplasties are performed, preferring to implant stents manufactured by foreign companies over those manufactured by their Indian counterparts. The general perception is that stents manufactured by MNCs are superior in terms of quality and efficacy, whereas those manufactured by domestic companies fail to attain similar high standards of quality. Also, patients are generally unaware of the choices they have in terms of the types of stents and the various brands that are available in the market, and have to buy stents directly from the hospitals. Since profit margins are higher in case of foreign-manufactured stents, hospitals push for the sale of such stents rather than selling the Indian varieties.
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Since the medical equipment and devices industry in India has not been given any separate legal status and coronary stents have been classified as drugs under the provisions of the Drugs & Cosmetics Act, 1940, the Central Drugs Standard Control Organization (CDSCO) is responsible for the regulation of stents in the country.
Table Of Content
Slide 1: Executive Summary
Slide 2: GDP at Factor Cost: Quarterly (2009-10, 2010-11, 2011-12, 2012-13), Inflation Rate: Monthly (Nov 2012 - Apr 2013)
Slide 3: Gross Fiscal Deficit: Monthly (Sep 2011-Feb 2012), Exchange Rate: Monthly (Dec 2012 - May 2013)
Slide 4: Lending Rate: Annual (2009-10, 2010-11, 2011-12, 2012-13), Trade Balance: Annual, FDI: Annual (2009-10, 2010-11, 2011-12, 2012-13)
Slide 5: Coronary stents - Uses, Characteristics and Types
Slide 6: Development of Coronary Stents
Slide 7: Angioplasties - Overview and Number of Procedures Performed in India (2009 - 2017e)
Slide 8: Coronary Stents - Market Overview, Market Size & Growth (Value-Wise; 2011 - 2017e & Volume-Wise; 2011 - 2017e)
Slide 9: Drug-Eluting Stents - Market Overview, Market Size & Growth (Value-Wise; 2011 - 2017e & Volume-Wise; 2011 - 2017e)
Slide 10: Bare Metal Stents - Market Overview, Market Size & Growth (Value-Wise; 2011 - 2017e & Volume-Wise; 2011 - 2017e)
Slide 11: Bioabsorbable Stents - Market Overview, Market Size & Growth (Value-Wise; 2013e - 2017e & Volume-Wise; 2013e - 2017e)
Slide 12: Coronary Stents - Price Trends
Drivers & Challenges
Slide 13: Drivers and Challenges - Summary
Slide 14-18: Drivers
Slide 19-20: Challenges
Slide 21: Organizational Structure of Regulatory Bodies
Slide 22-23: Regulatory Bodies
Slide 24-27: Regulatory Policies
Slide 28: Process of Obtaining License for Manufacturing Medical Device Regulated as Drugs in India
Slide 29-31: Requirements for Grant of License for Manufacture of Medical Devices in India
Slide 32: Process of Obtaining Registration for Import of Medical Device Regulated as Drugs in India
Slide 33-37: Documents Required for the Registering Medical Devices for Import into India
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