Coronary Stents Market in India 2014

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Coronary Stents Market in
India 2014

• Market Reports On India

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Summary
Coronary Stents Market in India 2014 states that
manufacturers of coronary stents are experiencing
high demand for their products due to a number of
reasons. With cardiovascular diseases becoming a
common occurrence amongst Indians and the
healthcare infrastructure in the country rapidly
improving, the number of angioplasty procedures
being carried out in the country has increased
significantly. Advancements in technology has
resulted in patients being more receptive towards
stent implants. The products available in the
market can be divided into two types those
manufactured by MNCs and commanding high prices,
and those manufactured by domestic companies and
generally having lower prices. 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 quality. As a result,
the MNCs serve majority of the market with almost
all the big hospitals in tier I cities preferring
to implant stents manufactured by foreign
companies.


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Since the medical equipments 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. The
significant reduction in reimbursement rates for
stents under the Central Government Health Scheme
(CGHS) in Feb 2013 and a further reduction in the
reimbursement rates in Apr 2014 has badly
affected manufacturers, especially the MNCs.
Although majority of the angioplasties performed
in the country are done in private establishments
with only a few being done under the CGHS, the
reduction in the reimbursement rates is likely to
force companies to lower price in the open market
as well. However, despite a fall in price of
products, the market is still expected to grow
steadily. Moreover, the penetration of cath labs
in the smaller cities and towns has made
angioplasty more accessible to patients and is
expected to boost demand for stents.


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Table of Contents

1. Macroeconomic Indicators
2. Introduction
3. Market Overview
4. Drivers Challenges
5. Government Involvement
6. Competitive Landscape
7. Buyer Details
8. Recent Developments
9. Strategic Recommendation
10. Appendix

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