Growth Opportunities for Medical Devices Companies in India and China
The global spread of the COVID-19 pandemic left a decisive mark on all major industries across the globe. As a matter of fact, the healthcare sector has been one of the largest beneficiaries, but at the same time one of the largest sufferers from the pandemic. While turnovers of ‘beneficiaries’, providers of medical equipment required for virus treatments such as diagnostic devices and protection equipment, have soared, ‘sufferers’, offering supply such as for diabetes and cardiovascular diseases, noticed sharp turnover declines in the past months.
Regardless of whether beneficiary or sufferer, future government-initiated savings programs are expected to lead to price-driven and hypercompetitive markets. Medical equipment providers are urgently required to find well-founded solutions to overcome the related challenges.
Further investment into growth initiatives in the two large healthcare markets and traditional growth countries India and China represent an excellent opportunity to compensate for current and future revenue gaps. Also, evaluating how to participate in growth segments related to digitalization (‘Med-Tech’) is worth investigating.
This industry briefing gives a full-fledged picture on major global and India- and China-related developments in the medical devices market and resulting growth potentials for foreign suppliers.
Further investment into growth initiatives in the two large healthcare markets and traditional growth countries India and China represent an excellent opportunity to compensate for current and future revenue gaps. Also, evaluating how to participate in growth segments related to digitalization (‘Med-Tech’) is worth investigating.
This industry briefing gives a full-fledged picture on major global and India- and China-related developments in the medical devices market and resulting growth potentials for foreign suppliers.
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