For the complete report, get in touch with us at : info@netscribes.com Magnetic Resonance Imaging (MRI), a medical imaging technology, is used in radiology to visualize detailed internal structures of tissues, bones or any other part of the body. It can be used to detect neurological, musculoskeletal, cardiovascular and oncological problems. MRI equipments require a huge installation cost, and consequently, the service charge becomes very high. The Indian MRI market is characterized by a large number of foreign players with only a handful of local manufacturers and is largely dependent on imports. The growth in aging population along with an increase in medical tourism is offering strong opportunities. The Indian Government, on its part is taking initiatives to engage in public-private partnership projects (PPP) and reduce the import duties on medical equipments. The market is expected to exhibit steady growth over the next few years.

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MRI Equipment Market – India
MRI Equipment Market India
July 2011

2. Executive Summary
 MRI equipment market in India is valued at INR x bn and is growing at y% CAGR
 Huge installation cost accounts for high service charges
Market  Indian MRI equipment market is expected to grow at a CAGR of z% from 20‐‐ ‐ ‐‐e
Drivers: Challenges:
 Heavy patient flow  High maintenance cost
Drivers &  Increase in insurances  Lack of expertise
Challenges  Increased healthcare spending
Increased healthcare spending  Lack of affordability
Lack of affordability
by the Government
 Medical tourism
 PPP projects
p j
Government  Reduction in import duties
Initiatives  Government health insurance schemes
 Majority of players in the MRI equipment industry are foreign companies with distributors in
India
 Major players include Company 1, Company 2 and Company 3
Competition
 Handful of local manufacturers in the market include Company 4, Company 5 and Company 6
MRI EQUIPMENT MARKET IN INDIA 2011.PPT 2

3. •Introduction
I d i
•Market Overview
•Drivers & Challenges
•Government Initiatives
Government Initiatives
•Technological Developments
•Competition
C titi
MRI EQUIPMENT MARKET IN INDIA 2011.PPT 3

4. Indian MRI market has witnessed strong growth over the
last few years
Indian MRI Market – Overview Market Size and Growth
• Indian market is expected to witness significant INR bn
growth due to increased healthcare spending 8
y% zz
• Witnessed a growth of x% from 20‐‐ to 20‐‐ 6 yy
• Huge installation cost of MRI equipment, minimum ww xx
4
being INR y mn
2
• Consequently high service charges, as high as INR z
for a single scan 0
2007 2008 2009 2010
• Dominated by foreign players with only a handful of
local manufacturers Market Segmentation (20‐‐)
• Market is witnessing entry of some Country 1 c% Segment 1
players b%
Segment 2
Segment 3
a%
Source:
MRI EQUIPMENT MARKET IN INDIA 2011.PPT 4

5. Indian MRI markets is heavily dependant on imports
specially from Country 1
Imports of MRI equipments ‐Overview Total Imports
•Imports come from technologically advanced INR bn
countries including Country 1, Country 2, 4,000 y% i5
i4
Country 3 and Country 4 3,000 i3
•Country 1 accounts for the largest share 2,000 i2
i1
•Reduction in import duties has increased 1,000
volume of imports over the last few years
volume of imports over the last few years
0
2005‐06 2006‐07 2007‐08 2008‐09 2009‐10
Imports – Region wise (2008‐09) Imports – Region wise (2009‐10)
I6I7 Country 1 E7 Country 1
I5 Country 2 E6 E1 Country 2
I1
I4 Country 3 E5 Country 3
Country 4 E4 Country 4
Country 5 Country 5
Country 6 E3 Country 6
I3 Others Others
E2
I2
Source:
MRI EQUIPMENT MARKET IN INDIA 2011.PPT 5

6. Drivers & Challenges – Summary
Challenges
Drivers High maintainence cost
Heavy patient flow Lack of expertise
Increase in insurances Lack of affordability
Increased healthcare spending
Medical tourism
6

7. Government Initiatives – Summary
Public Private Partnership (PPP)
Projects
j
Government
Initiatives
I iti ti
Government Health Insurance Reduction in import duties on
Schemes
S h medical equipments
di l i t
MRI EQUIPMENT MARKET IN INDIA 2011.PPT 7

8. Major Domestic Players in the Market (1/4)
Company Snapshot: Company 1
Corporate Information (Domestic) Financial Performance (Domestic)
Revenue Revenue Profit
Headquarters
H d t City 1, Country 1
Cit 1 C t 1 INR bn INR bn
Profit / Loss
r1 r2 r3 r4
Founded 19‐‐ 100 30
20
Products Product 1, Product 2 and Product 3 50
10
Key People Person X – Chairman
0 0
2007 2008 2009 2010
Business Highlights
Business Highlights
• Operates through three segments – Segment 1, Segment 2 and Segment 3
• The first molecular biomarker imaging facility was opened in City 2, Country 1
• The diagnostic imaging department produces a wide range of solutions in angiography, computed tomography
oncology care ,radiography and surgery systems
• Siemens produces a vast range of refurbished systems of Product 1 and Product 2
• MRI products include Product 1, Product 2 and Product 3
• Product 4 is the latest refurbished MRI
Source:
MRI EQUIPMENT MARKET IN INDIA 2011.PPT 8

9. Thank you for the attention
The MRI equipment Market ‐ India report is part of Netscribes’ Healthcare Industry Series.
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MRI EQUIPMENT MARKET IN INDIA 2011.PPT 9