Low-end medical electronic transfer to developing countries, India growth 15%

Global medical device industry formed two pattern, as a classic of low-end medical device industry pattern and high technology, high-end medical equipment industry, the pharmaceutical industry in the investment advisor, researcher, Guo where ritual that along with the classic of the low-end market medical devices for transfer to developing countries, India as a medical device industry's rising star of the year-over-year growth in the future will be more than 15%.

Labour-intensive and is not high technology content of the classic medical device products including disposable gloves, syringes, blood transfusion bag and so on, back in the 1990s, producing these low-end medical device industry chain has already begun to relatively low labor cost countries, mainly in addition to the Asian countries other than Japan.

As Asia's largest low end medical device products exporting and importing countries, India is in fact in the previous few years and there is a large gap, because most of the medical device before India products need to be imported from abroad, and India medical device industry's production capacity and product variety and quantity aspects still behind a large.

Guo where ritual pointed out, however, the development of the medical device industry in India to benefit from the strong Government support in recent years, whether in money or in policy on Government are inclined to India medical device industry of great assistance, in the affirmative, India medical device industry's annual growth rate of more than 15%, and likely beyond Korea become Asia's third largest producer of medical devices.