For the complete report, get in touch with us at : info@netscribes.com MRI market in India is expected to grow at a healthy rate as the awareness for MRI tests increase and also technological advancements make MRI suitable for treating wide variety of diseases. The report begins with an introduction which explains the characteristics of MRI and the various applications of MRI in the medical field. In the market overview section market size in terms of value as well as volume has been depicted along with the growth rate. It also gives segmentation of the MRI market. It also contains the buying behavior of customers for selecting MRI. Further the report gives region specific demand for MRI and the total installed MRI equipments in India. In the next section drivers and challenges has been highlighted. Drivers include increasing demand from hospitals and imaging centers which boosts the MRI market. Increase in health insurance and per capita disposable income also makes MRI treatment more affordable. Growth in medical tourism increases the demand for MRI tests in India as tests are far cheaper in India than US. Also, as the country places more emphasis on the healthcare segment in this budget, it is likely to see strengthening of the government hospital infrastructure. Again as the patients and doctors become more aware MRI tests are likely to find more acceptance. The challenges identified include currency fluctuation where the profit margin of the manufacturer takes a hit. Also, as MRI tests are out of range for majority of the patients as it is still costly for an average Indian. In the next section the value of MRI equipments imported and exported has been highlighted (for last 5 years). It also highlights the major importers and exporters of the industry. The section on Government participation highlights the various steps taken by the government which has impacted the industry. These steps include public private partnership, reduction in import duties for medical equipments and various government health insurance schemes. The section on technological improvements gives a picture about the various technological upgradations that has impacted the industry. The trends section gives an idea of the various trends in the current market. These include rising popularity of the refurbished MRI equipments as Indian consumers are still cost conscious especially smaller hospitals from tier 2 and tier 3 cities, MRI installation in various state hospitals in a public private partnership model and how tele-radiology has led to positive growth in the MRI industry The competition section begins with a Porter’s five forces model which analyses the dynamics of the market. The major players in the market have been profiled which includes a financial summary for each of the players. Key ratios and key contacts are also listed. The last section offers strategic recommendations for the players in the ventilator market

1. MRI Market – India
May 2012

2. Executive Summary
 The MRI market in India is growing at a rate of 18% and is likely to reach A bn by 20‐‐
 Type 1 Tesla MRI is the most popular MRI in India
Market  Big government and private hospitals prefer new MRI machines
 Region 1 in India accounts for maximum MRI demand
Drivers Challenges
– Increasing demand from hospitals and – Currency fluctuation
imaging centers
– Lack of affordability among
Drivers & – Increase in health insurance and per
patients
LE
Challenges capita disposable income
– Growth in medical tourism
P
– Increase in health budget
– Increase in awareness
Trends
S AM
 Refurbished MRI gaining popularity
 MRI equipment installation through PPP mode
 Tele‐radiology
 Government encouraging projects through public private partnership
Government
 Reduction in import duties of medical equipments
participation
 Government Health Insurance Schemes
Major Players
Competition
Player 1 Player 2 Player 3
MRI MARKET IN INDIA 2012.PPT 2

3. •Introduction
•Market Overview
•Drivers & Challenges
•Import‐Export
•Government Participation
•Technological Developments
•Trends
•Competition
•Strategic Recommendations
•Appendix
MRI MARKET IN INDIA 2012.PPT 3

4. Magnetic resonance imaging is used in radiology to visualise
detailed internal structures
LE
P
Introduction
M
• Magnetic Resonance Imaging (MRI) is a medical imaging technique
A
• Helps in diagnosis of any disease by providing images of the magnetic field and radio waves
S
• Provides detailed pictures of organs, soft tissues, bones and any other internal body in any plane
Characteristics
E
• Works on magnetic resonance technique
L
• Uses powerful magnetic field, radio waves and a computer to produce images
M P
• Has a high soft tissue resolution, higher than a CT scan
• Has the ability to alter the contrast of the images which is particularly beneficial as different contrasts can
differentiate between tissues
S A
• Can detect masses of soft tissues in the body ,bone tumors, cysts
• Special precaution needs to be taken while conducting MRI with pacemakers, metal implants, insulin
pumps, cardiac defibrillators etc.
Strength
• Strength of a MRI is measured by Tesla (T) [Tesla is standard unit of magnetic flux density]
• Higher the magnetic strength , better is the clarity of the image
• MRI with higher magnetic strength is able to diagnose even small tumors with a diameter of 5 mm
(including prostrate cancer)
MRI MARKET IN INDIA 2012.PPT 4

5. Indian MRI market has witnessed strong growth over the
last few years
Indian MRI Market – Overview (1/2) Market Size & Growth (Value wise)
• Indian market is expected to witness significant
growth over the next few years, at around a CAGR
a%
of a % T
R
E
• Cost of a single MRI scan is INR XYZ W
Q
LE
• Dominated by foreign players with only a handful of
local manufacturers 0
• Market is witnessing entry of some Chinese players
MP 20‐‐ 20‐‐e 20‐‐e 20‐‐e 20‐‐e
Note: Figures are for calendar year
Segmentation
A Tesla B Tesla C Tesla
S A Market Size & Growth (Volume wise)
b% L
B Tesla is the
J
most common G
M % type of MRI in D
A
N % India
B %
0
20‐‐ 20‐‐e 20‐‐e 20‐‐e 20‐‐e
MRI MARKET IN INDIA 2012.PPT 5

6. Drivers & Challenges – Summary
LE
Drivers
Increasing demand from hospitals and
MP
imaging centers
capita disposable income
S
Increase in health insurances and per
A Challenges
Currency fluctuation
Growth in medical tourism Lack of affordability among patients
Increase in health budget
Increasing awareness
MRI MARKET IN INDIA 2012.PPT 6

7. Indian MRI markets is heavily dependant on imports
specially from the US
Imports of MRI Equipments – Overview Total Imports
•Imports are from technologically advanced
countries including country 1 , country 2 etc. K%
4,000 R T
•Country 1 accounts for the largest share E
3,000
W
•Reduction in import duties has increased Q
E
2,000
volume of imports over the last few years
P
1,000
0
L
M
20‐‐‐‐‐ 20‐‐‐‐‐ 20‐‐‐‐‐ 20‐‐‐‐‐ 20‐‐‐‐‐
SA
Imports – Region wise (20‐‐‐‐‐) Imports – Region wise (20‐‐‐‐‐)
8% Germany 9% Germany
11% U S A 6% USA
28% 29%
China China
2%
Japan 14% Netherlands
8%
Singapore Japan
Netherlands Others
10%
Others
18%
23%
34%
Note: All figures are for the respective financial years
MRI MARKET IN INDIA 2012.PPT 7

8. Government Initiatives – Summary
Public Private Partnership (PPP)
Projects
Government
Initiatives
Government Health Insurance Reduction in Import Duties on
Schemes Medical Equipments
MRI MARKET IN INDIA 2012.PPT 8

9. Rapid developments in technology such as faster scan times and
higher imaging quality…
Manufacturers are trying to develop more compact MRI equipment with reduced acoustic noise and
superior imaging quality
• Demand for high field MRI is increasing, as they consume less power but deliver high images
LE
• Development of dedicated MRI addressed to extremities, musculoskeletal parts, knee joints
P
• Development of 3T scanners, known as gold standards, have provided an additional impetus
 3T scanners can show blood vessels as small as 200‐300 microns
growth of MRI market
S M
 They have 3‐4 times higher signal to noise ratio
A
• Introduction of whole body MRI which helps in detecting bone metastasis and black blood MRI increases
• Development of technology in the fields of cancer screening, neurosurgery planning and angioplasty
• Increased applications such as identification of multiple sclerosis
A lot of research is now being increasingly dedicated to increasing the applications of MRI
A lot of research is now being increasingly dedicated to increasing the applications of MRI
MRI MARKET IN INDIA 2012.PPT 9

10. Trends‐ Summary
Refurbished MRIs
Gaining Popularity
Key
Trends
MRI Equipment
Tele‐radiology Installation Through PPP
Model
MRI MARKET IN INDIA 2012.PPT 10

11. Public : Domestic Company – Company 1
Company Information Offices and Centres – India
Block ABC
Corporate Address City XYZ
Tel No. 123456
Fax No. 1234567
Website http://www.abc123com/
Year of
Incorporation
20‐‐
P LE City A
Products and Services
Category
Product 1 P1,p2,p3 S AM
Products/Services
Key People
Name Designation
ABC abc
XYZ xyz
MNO mno
MRI MARKET IN INDIA 2012.PPT 11

12. Public: Domestic Company – Company 1
Financial Snapshot Key Ratios
y‐o‐y change
Particulars 20‐‐ 20‐‐ 20‐‐ 20‐‐
Revenue Net Income (20‐‐‐‐‐)
Profitability Ratios
6 x4 0.15 Operating Margin a1 a a2 a3 a4
x3
Net Margin b1 b b2 b3 b4
4 x1 x2 0.10
Profit Before Tax Margin c1 c c2 c3 c4
2 0.05 Return on Equity d1 d d2 d3 d4
Return on Capital Employed e1 e e2 e3 e4
0 0.00 Return on Working Capital f1 f f2 f3 f4
20‐‐ 20‐‐ 20‐‐ 20‐‐ Return on Assets g1 g g2 g3 g4
Financial Summary Return on Fixed Assets h1 h h2 h3 h4
Cost Ratios
• The company incurred a net profit of INR A mn in FY 20‐‐, as
E
Operating costs (% of Sales) i1 i i2 i3 i4
compared to net profit of INR B mn in FY 20‐‐
L
Administration costs (% of
j1 j j2 j3 j4
• The company reported total Income of INR X mn in FY 20‐‐, Sales)
registering an increase of r % over FY 20‐‐
• The company earned an operating margin of d1 % in FY 20‐‐ an
decrease of k % points over FY 20‐‐
MP Interest costs (% of Sales)
Liquidity Ratios
Current Ratio
k1
l1
k
l
k2
l2
k3
l3
k4
l4
A
Cash Ratio m1 m m2 m3 m4
• The company reported debt to equity ratio of g in FY 20‐‐, an
S
Leverage Ratios
increase of r % over FY 20‐‐ Debt to Equity Ratio n1 n n2 n3 n4
Financial Summary Debt to Capital Ratio 01 o o2 o3 o4
Interest Coverage Ratio p1 p p2 p3 p4
Indicators Value (DDD/MMM/YYYY) Efficiency Ratios
Market Capitalization (INR) a Fixed Asset Turnover q1 q q2 q3 q4
Total Enterprise Value (INR) b Asset Turnover r1 r r2 r3 r4
EPS (INR) Current Asset Turnover s1 s s2 s3 s4
c
Working Capital Turnover t1 t t2 t3 t4
PE Ratio (Absolute) d
Capital Employed Turnover u1 u u2 u3 u4
Improved Decline
MRI MARKET IN INDIA 2012.PPT 12

13. Public: Domestic Company – Company 1.
Key Business Segments Key Geographic Segments
Enamelled Wire and Strips
India
6,000 6,000 c1
d b1
c 4,000
4,000 b a1
a
2,000 2,000
0
20‐‐ 20‐‐ 20‐‐ 20‐‐
P
0
20‐‐
LE
20‐‐ 20‐‐
M
Key Recent Developments
Description
Overview
Production facilities
S A News
• It sells product A under the brand name of ‘abg’ & ‘def’
• In India the company has k manufacturing hubs and j marketing offices
Shareholding pattern • Promoters of the company hold j % of the share while k % is held by general public
Clients • Clients are spread across ghj countries spanning across t continents
Investments • The company wants to invest INR K mn in a company through a joint venture in Country 2
producing product a and product b
• So far the company invested INR 0.C mn in company A in country A
MRI MARKET IN INDIA 2012.PPT 13

14. Thank you for the attention
The MRI Market – India report is part of Research on India’s Healthcare Series.
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MRI MARKET IN INDIA 2012.PPT 14