Market Research Report : Syringes And Needles Market in India 2011


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In the highly import dependent Indian medical devices market, a large number of indigenous manufacturers of syringes & needles have managed to come up. However it does not mean that imports are low for this market. Imports, as in the case with other medical devices, are quite high but the domestic manufacturers have been able to tap foreign markets through increasing exports. The target base of consumers is growing steadily which is expected to significantly boost sales in the market.

The report provides a snapshot of the syringes & needles market. It begins with the introduction section which mentions the features and uses of syringes & needles along with a brief description of the various phases in their development. The market overview section provides an insight into the market and highlights the market size. Import and export figures for syringes & needles, both in terms of volume and value have been provided in the next section. It also includes the regional break-up of the imports and exports.

An analysis of the drivers explains the factors leading to the growth of the market which include increasing need of insulin doses, increasing demand for vaccines, improving health infrastructure, growing incidence of diseases, changing demographics and health check-up packages. Some of the major challenges to the market are illegal recycling of syringes & needles and problems associated with usage. Government legislation in the market has been discussed in the next section.

The competition section highlights the features of the major players operating in the market. A brief profile of the major domestic and foreign players in the market along with their financials has been included in this section.

A section providing strategic recommendations has been given at the end of the report which gives effective solutions to existing and potential players for improving market share and increasing profitability.

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Market Research Report : Syringes And Needles Market in India 2011

  1. 1. Insert Cover Image using Slide Master View Do not distortSyringes & Needles Market – IndiaOctober 2011
  2. 2. Executive Summary Syringes & needles market in India is expected to grow at an impressive CAGR of x% over 20-- - 20--e Market Greater emphasis being laid on safety has prompted many manufacturers to start producing Type 1 syringes Type 2 syringes is a relatively new concept in India and is still in its infancy Drivers: Challenges: Increasing need of insulin doses Illegal recycling of syringes LE Increasing demand for vaccines & needles Drivers & Problems associated with Improving health infrastructureChallenges P Growing incidence of diseases M Changing demographics usage SA Health check-up packages Major Domestic Players Major Foreign Players Company 1 Company 3 Company 5 Company 7Competition Company 2 Company 4 Company 6 Company 8 SYRINGES & NEEDLES MARKET IN INDIA 2011.PPT 2
  3. 3. •Introduction•Market Overview•Import-Export•Drivers & Challenges•Government Legislation•Competition•Strategic Recommendations SYRINGES & NEEDLES MARKET IN INDIA 2011.PPT 3
  4. 4. Syringes & needles market in India is poised to grow at a steady rate in the coming years Syringes & Needles Market – Overview Market Size & Growth (Volume-wise) • Indian market for syringes & needles is poised to grow bn units in the coming years, providing opportunities to 25 f existing and potential players to earn higher revenues 20 x% e 15 d and increase profits c 10 b • Foreign companies have strong presence in the Region a 5 1 and Region 2 but presence in Region 3 is weak due 0 LE to the presence of many domestic brands here that 20-- 20--e 20--e 20--e 20--e 20--e sell their products at relatively lower prices an increasing demand for safety syringes MP • Safety concerns and regulatory activity has resulted in Market Segments (Based on units sold) SA • A lot of manufacturers are realizing the importance of setting up facilities to manufacture Type 1 syringes • Type 2 syringes are a relatively new concept in the Indian market u% Syringes Needles v% Company A, an Indian biotech company, was the first to bring pre-filled syringes in India from Company B in 2008 2010Source: SYRINGES & NEEDLES MARKET IN INDIA 2011.PPT 4
  5. 5. While imports of syringes & needles have increased in the Indian market… Imports – Overview Import of Syringes & Needles • India imports a large quantity of syringes & needles INR mn Volume mn units and in the last three years, the market has shown an 1,200 Value s 500 p increasing dependency on imports 1,000 400 800 r • Import duty includes basic custom duty of u%, 300 q additional duty of v%, excise cess at w%, customs 600 200 cess at x% and education cess at y% 400 200 100 • Majority of the imports are from Country 1, Country LE 0 0 2, Country 3 and Country 4 20-- 20-- 20-- 20-- Import (Region Wise: 2010) MP Import (Region Wise: 2011) i1% j1% g1% h1% f1% e1% a1% SA Country 1 Country 2 Country 3 Country 4 Country 6 Country 7 Country 8 Country 9 h2% j2% f2% g2% i2% a2% Country 2 Country 1 Country 8 Country 3 Country 5 Country 7 Country 6 Country 11 e2% Country 5 Others Country 10 Others d1% d2% b2% b1% c1% c2%Source: SYRINGES & NEEDLES MARKET IN INDIA 2011.PPT 5
  6. 6. Drivers & Challenges – Summary Drivers Increasing need of insulin doses Increasing demand for vaccines Challenges Improving health infrastructure Illegal recycling of syringes & needles Growing incidence of diseases Problems associated with usage Changing demographics Health check-up packages SYRINGES & NEEDLES MARKET IN INDIA 2011.PPT 6
  7. 7. Major Domestic Players (u/v) Company Snapshot: Company 1 Corporate Information Financial Performance Headquarters City 1, State 1 Revenue Revenue Profit / Loss Profit INR bn INR bn Founded 19-- 3 0.15 c2 d2 b2 Products Product 1, Product2, Product 3 2 a2 0.10 1 c1 d1 0.05 LE a1 b1 Key People Person X – Chairman & MD 0 0.00 P 20-- 20-- 20-- 20-- Business Highlights M • Is a WHO approved supplier of medical products A • Covers around u retail outlets across the country and has v factories based in City 1, City 2 and City 3 S • Products are exported to several countries including Country 1, Country 2, Country 3, Country 4, Country 5, Country 6, Country 7, Country 8, Country 9, Country 10, Country 11, Country 12, Country 13, Country 14, Country 15, Country 16, Country 17, Country 18 and Country 19 • Disposable syringes and needles are produced in the company’s manufacturing facility in City 3 which is ISO 9002 and CE certified • A variety of syringes & needles ranging from 2 ml to 5 ml from the company exists in the market and are sold under the brand name ‘Y’Source: SYRINGES & NEEDLES MARKET IN INDIA 2011.PPT 7
  8. 8. Thank you for the attentionThe Syringes & Needles Market – India report is part of Research on India’s HealthcareIndustry Series.For more detailed information or customized research requirements please contact:Tamojit Roy Gagan UppalPhone: +91 33 4064 6215 Phone: +91 22 4098 7530E-Mail: E-Mail: gagan.uppal@netscribes.comResearch on India is a product of Netscribes (India) Pvt. Ltd. Research on India is dedicated to disseminating information and providing quickinsights on “hot” industries in India and other emerging markets. Track our new releases and major updates in these industries onAbout NetscribesNetscribes is a knowledge-consulting and solutions firm with clientele across the globe. The company’s expertise spans areas of investment &business research, business & corporate intelligence, content-management services, and knowledge-software services. At its core lies a truevalue proposition that draws upon a vast knowledge base. Netscribes is a one-stop shop designed to fulfil clients’ profitability and growthobjectives.Disclaimer: This report is published for general information only. Although high standards have been used the preparation, Research on India,Netscribes (India) Pvt. Ltd. or “Netscribes” is not responsible for any loss or damage arising from use of this document. This document is thesole property of Netscribes (India) Pvt. Ltd. and prior permission is required for guidelines on reproduction. SYRINGES & NEEDLES MARKET IN INDIA 2011.PPT 8