GlobalData's new report - "India Medical Equipment Industry: Defying Global Recession", explores the medical equipment industry in India.

The medical devices industry in India was valued at $2.7 billion in 2008. Driven by increasing awareness and affordability coupled with an increasing patient pool, the market is forecast to grow by 12% annually for the next seven years to reach $6 billion in 2015.

While the ongoing global recession continues to hurt businesses around the globe the medical devices industry in India is expected to come out unscathed. The fact that the Indian medical devices industry, so far, has remained insulated from the global recession can be attributed to several ongoing trends. Firstly, the demand for healthcare in India is not tied to consumer discretionary spending. Secondly, an affluent and aware patient population in India continues to demand improved health services. Finally, the fact that the corporate hospital groups in India are responding to the demand by building up new healthcare infrastructure should ensure that the all stakeholders in this industry continue to benefit. >> Read more

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