Country Analytics

Medical Device industry is currently undergoing a period of significant transformation. As companies develop their new medical devices, they must be mindful of changes caused by regulations and de-regulations in countries all over the globe. Country profile is required to measure the key aspect of a country’s health care and medical device segment dynamics.

Key Questions

•  What is the healthcare structure/scenario of the target market?
•  How much is the healthcare spending in medical device segment?
•  How does the regulatory system work?
      1. Which department in the overall regulatory system can help client to introduce device in the market?
      2. What are the requirements for regulatory approval?
•  Is medical device covered under the reimbursement policy?
•  Does government play any role in medical device pricing?
•  Who all are the key competitors?

How We Help?

•  We analyze the current situation, major challenges and the prospects of the medical device industry in selected geographies
•  We identify major players in medical device industry and make a comparative analysis of their business practices and financial results

Analysis Involved:

•  Current Scenario Analysis: Analysis involves the overall country scenario study, medical device market growth rate, new device launches, population and demography analysis
•  Healthcare Scenario Analysis: Research incorporates in-depth analysis of country specific
healthcare system scenario, decision and advocacy group study, key stakeholder department roles and responsibilities mapping
•  Import-export Analysis: Import-export analysis includes growth rate analysis of import-export business, quality and economic scenario study and regulatory scenario analysis. This analysis helps in detailed understanding of import-export business model and how local as well as multi-national players can make synergy in the entire business operations.
•  Market Analysis: The analysis encompasses market size of local and MNCs players’ their market share, trend and growth. This helps client to get detailed understanding of the entire market and how can they penetrate, launch a new product, gain market share.
•  Government Initiatives and Investment Analysis:Our analysis encompasses the steps taken by the government in the field of medical device, regulatory framework, overall investment and reimbursement space.

Business Impact:

•  Enable client to have detailed understanding of healthcare structure and led them to take strategic decision for market entry
•  Understanding about market size, current trend, major players, and prospective players in the market
•  Understanding of regulatory system provides insights on the device approval process, regulatory process insights. Our clients get to know about the key departments who play a major role in the device process.
•  Help client to get an idea on healthcare spending and consumer purchase power/behavior

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