Karnataka tops list on medical instruments and supply: Study
Updated: Jul 18, 2015 02:03:25pm
New Delhi, July 18 (KNN) With highest share of over 25 per cent in the total output worth about Rs 5,300 crore, Karnataka has ranked on top of medical and dental instruments and supplies sector generated across India, said a study.
“Though Karnataka had just about eight per cent share in terms of total number of 316 factories operating in medical and dental instruments and supplies sector across India, the state generated highest amount of over Rs 1,360 crore in output of medical and dental instruments and supplies sector across states in India,” noted a study titled ‘Indian Medical Devices Industry: The way ahead,’ conducted by ASSOCHAM.
The findings are based on the analysis of the state-wise distribution of manufacturers of medical and dental instruments and supplies in the country complied as part of Annual Survey of Industries 2011-12 conducted by the central government.
“Karnataka had fourth highest share of about eight per cent in total number of 338 factories in the sector of medical and dental instruments and supplies across India,” it said.
Of the total 26 factories in medical and dental instruments and supplies segment in the state, 25 were under operation as of 2011-12.
The study also showed that Karnataka had sixth highest share of just over eight per cent in terms of direct employment generated by medical and dental instrument factories operating throughout the country.
Over 18,100 people were directly employed in 316 factories under operation in the sector producing a total output worth over Rs 5,300 crore as of ASI survey of 2011-12.
Clocking a compounded annual growth rate (CAGR) of over 15 per cent, imports of medical devices and equipment in India is likely to cross USD 4 billion mark by 2018-19 from a level of about USD 2.3 billion as of 2013-14, the study projected.
Growth of medical goods’ exports to India is expected to continue as a result of burgeoning middle class, growing medical tourism industry, swelling private sector healthcare investment, aging population and heightened government commitment to provide health services to the rural population, the study noted. (KNN Bureau)
“Though Karnataka had just about eight per cent share in terms of total number of 316 factories operating in medical and dental instruments and supplies sector across India, the state generated highest amount of over Rs 1,360 crore in output of medical and dental instruments and supplies sector across states in India,” noted a study titled ‘Indian Medical Devices Industry: The way ahead,’ conducted by ASSOCHAM.
The findings are based on the analysis of the state-wise distribution of manufacturers of medical and dental instruments and supplies in the country complied as part of Annual Survey of Industries 2011-12 conducted by the central government.
“Karnataka had fourth highest share of about eight per cent in total number of 338 factories in the sector of medical and dental instruments and supplies across India,” it said.
Of the total 26 factories in medical and dental instruments and supplies segment in the state, 25 were under operation as of 2011-12.
The study also showed that Karnataka had sixth highest share of just over eight per cent in terms of direct employment generated by medical and dental instrument factories operating throughout the country.
Over 18,100 people were directly employed in 316 factories under operation in the sector producing a total output worth over Rs 5,300 crore as of ASI survey of 2011-12.
Clocking a compounded annual growth rate (CAGR) of over 15 per cent, imports of medical devices and equipment in India is likely to cross USD 4 billion mark by 2018-19 from a level of about USD 2.3 billion as of 2013-14, the study projected.
Growth of medical goods’ exports to India is expected to continue as a result of burgeoning middle class, growing medical tourism industry, swelling private sector healthcare investment, aging population and heightened government commitment to provide health services to the rural population, the study noted. (KNN Bureau)
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