Market Analysis of Medical and Laboratory Sterilizers in India
The relevance of research
Sterilization is a set of measures aimed at the destruction of all living microorganisms, of any nature and any form, on an ideally cleaned object. Sterilization is carried out using a sterilizer. It is necessary to prevent infection of the patient and medical personnel. For a medical device that has undergone sterilization to be considered ""sterile"", the theoretical probability of the presence of viable microorganisms in it must be practically zero.
Purpose of the study
Analyzing the state of the medical and laboratory sterilizers market in India, assessing the market size, analyzing competitors, and identifying factors affecting the medical and laboratory sterilizers market in India)
Content
Part 1. Overview of the Indian market of sterilizers
1.1. Main characteristics of the market
1.2. Dynamics of the market volume of sterilizers 2017–2021 Potential market capacity
1.3. Assessment of factors affecting the market
1.4. Sterilizer Market Life Cycle Stage
1.5. Competition from substitute products
Part 2. Competitive analysis in the market of sterilizers
2.1. Major players in the market
2.2. Market shares of the largest competitors
2.3. Profiles of major players
Part 3. Analysis of the production of sterilizers
3.1. Volume and dynamics of domestic production of sterilizers
3.2. Share of exports in the production of sterilizers
3.3. Segmentation of production of sterilizers by regions
3.3.1. Production by Union Territories
3.3.2. Production by states of India
Part 4. Analysis of foreign trade supplies of sterilizers
4.1. Volume and dynamics of imports of sterilizers
4.2. Import structure
4.3. The volume and dynamics of exports of sterilizers
4.4. Export structure
Part 5. Analysis of the consumption of sterilizers
5.1. Sterilizer consumption dynamics
5.2. Analysis of the results of tenders for the purchase
Part 6. Price Analysis
6.1. Average producer prices by union territories
6.2. Average consumer prices by states in India
Part 7. Assessment of factors of investment attractiveness of the market
Part 8. Forecast of the development of the market of sterilizers until 2026
Part 9. Recommendations and conclusions
Research excerpt
Part 1. Overview of the Indian market of sterilizers
1.1. Main characteristics of the market
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The introduction of new types of diagnostic and treatment equipment, the use of high-tech invasive procedures, the widespread use of various antibacterial drugs, leading to the selection of highly virulent strains - these and many other factors contribute to the growth of nosocomial infection of patients and staff.
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The Indian market for sterilizers is dominated by imported products. In the analyzed period, the share of domestic products amounted to … - … % of the market volume.
In medicine, sterilizers are primarily used to decontaminate surgical instruments. For this purpose, steam and dry heat cabinets are used. To maintain the sterility of the processed products, they are placed in quartz sterilizers. Ultrasonic sterilizers are practically not used because the surgical instrument is made in such a way that it does not have hard-to-reach cavities that cannot be cleaned mechanically.
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1.2. Dynamics of the market volume of sterilizers 2017–2021 Potential market capacity
Market volume of sterilizers in 2017–2019 was in stagnation with the values of … – … billion Rs.
In 2020, the market volume increased by … % to … billion Rs., which was the maximum value in the entire period under study.
The growth is primarily due to the need to increase sterilizers in medical and laboratory facilities against the backdrop of the spread of a new coronavirus infection.
In 2021, the market volume returned to its “usual” values and amounted to … billion Rs.
Diagram 2. Dynamics of the market volume of sterilizers, 2017–2021, billion Rs.
The market potential of sterilizers is estimated by GidMarket analysts as “plus” …–…%, which will be mainly due to price growth.
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1.3. Assessment of factors affecting the market
Consider the main factors affecting the market and, accordingly, demand.
- Economic
India GDP
GDP is a macroeconomic indicator that reflects the market value of all final goods and services produced in a year in all sectors of the economy on the territory of the state for consumption, export and accumulation.
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In 2020, the decline in India's GDP, according to Rosstat, amounted to …%. This is the biggest drop in GDP since 2009, when the country's economy shrank by …%. According to Rosstat, the decline in GDP is mainly due to restrictive measures due to the pandemic, as well as a drop in global demand for energy resources.
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Decrease in availability and increase in the cost of credit resources
This factor affects both in the short term - to ensure current activities, and in the long term - in terms of ensuring investment activities with a long maturity (acquisition of new equipment).
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- Социальные
Real income of the population
Dynamics of real disposable income of the population during 2014-2017 of the population is negative, so in 2014 real incomes decreased by 1,2% compared to 2013, in 2015 - by 2,4% compared to 2014, in 2016 - the situation worsened even more - the decrease was 4,5% compared to 2015, in 2017 they decreased by another 0,5% compared to 2016.
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- technological
Digitalization
In terms of Internet use activity, India is on par with the leading countries and even somewhat ahead of them, taking into account the achieved level of development of telecommunications infrastructure. Indians are online for 7 hours 52 minutes daily.
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Improvement of sterilizers
In response to the growing interest in sustainable instrument decontamination technologies, manufacturers are offering resource-saving sterilizers. For example, the Vacuklav steam sterilizers (by MELAG) in the premium Evolution series reduce drying times by up to 80% thanks to the patented DRYtelligence technology, and there is also a sleep button that instantly puts the device into energy-saving mode. Extremely fast processing cycles and increased capacity significantly speed up the sterilization process.
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- Political
This group of factors has an indirect but significant impact on the situation in the industry, both in the form of state support and development programs for Indian manufacturers of medical equipment and instruments, and due to the situation with sanctions and restrictions on India's access to markets, resources and investments. At the same time, customs and tariff regulation currently does not restrict the import of imported medical equipment and instruments, since supplies are vital for India's medicine.
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Table 1. STEP analysis of factors affecting the market of sterilizers
1.4. Sterilizer Market Life Cycle Stage
The market of sterilizers is at the stage of maturity. The maturity stage is the longest of all life cycle stages. It is built on the popularity and wide representation of the product, which ensures a stable level of sales over a long period.
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1.5. Competition from substitute products
Disinfection of products is carried out by physical (boiling, saturated water steam under excess pressure, dry hot air) and chemical (use of chemical solutions) methods. The choice of disinfection method depends on the characteristics of the product and its purpose.
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Table 2. Modes of physical disinfection
Disinfection using chemicals is carried out by immersing products in a solution in special containers made of glass, plastic or enameled without damage. The most convenient is the use of special containers in which the products are placed on special perforated grids. Detachable products are disinfected in disassembled form. The channels and cavities of the products are filled with a disinfectant solution.
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Part 2. Competitive analysis in the market of sterilizers
2.1. Major players in the market
Among the main companies participating in the market of sterilizers, only one Indian manufacturer, JSC Tyumen Plant of Medical Equipment and Instruments, became the leader.
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2.2. Market shares of the largest competitors
The assessment of the shares of the largest operators in the market of sterilizers was carried out by GidMarket analysts based on the forecast data of the companies' revenue in 2021, taking into account the share of sterilizers in the total range of companies. The share of import manufacturers is estimated based on the volume of imports of sterilizers to India.
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Diagram 4. Shares of the largest competitors in the market of sterilizers in 2021, %
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Part 3. Analysis of the production of sterilizers
3.1. Volume and dynamics of domestic production of sterilizers
It is not possible to determine the exact data on the production volumes of sterilizers, there is no information in open sources. To estimate the production volumes of sterilizers in India, export deliveries data were used, as well as the revenues of the main manufacturers. In this regard, some error is possible in the calculation of production volumes.
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3.3. Segmentation of production of sterilizers by regions
3.3.1. Production by Union Territories
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Part 4. Analysis of foreign trade supplies of sterilizers
4.1. Volume and dynamics of imports of sterilizers
Since 2019, India's imports of sterilizers have shown an annual increase. In 2019–2020 supplies of sterilizers from Germany and China grew the most.
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In value (dollar) terms, the volume of imports of sterilizers in 2021 amounted to … million US dollars, which is … % lower than in 2020, due to the growth in imports of cheap used sterilizers.
For 2017–2021 In ruble terms, imports of sterilizers to India decreased from … billion Rs. in
2017 to … billion Rs.
Table 6. Structure of imports of sterilizers by importing countries in 2021
4.2. Import structure
In the structure of imports of sterilizers by importing countries in 2021, the key suppliers are Germany, which accounts for …% of all imported sterilizers, and China with a share of …%.
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Part 5. Analysis of the consumption of sterilizers
5.1. Sterilizer consumption dynamics
Estimated per capita consumption volume was made by GidMarket based on the ratio of the market size of sterilizers to the population of India.
Consumption of sterilizers per capita for 2017–2021 grew by … %, and relatively
2020 decreased by …%. According to GidMarket, in 2021 consumption amounted to … Rs./person.
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Part 6. Price Analysis
6.1. Average producer prices by union territories
The prices for sterilizers vary widely and depend on the size, design, as well as the functionality and reliability of a particular sterilizer model.
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Part 8. Forecast of the development of the market of sterilizers until 2026
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Part 9. Recommendations and conclusions
Market volume of sterilizers in 2017–2019 was in stagnation with the values of … –… billion Rs. In 2020, the market volume increased by … % to … billion Rs., which was the maximum value in the entire period under study.
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For new and existing sterilizer market operators, it is important to note:
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Diagrams
Diagram 1. The ratio of imported and domestic products in the market of sterilizers, 2017–2021, %
Diagram 2. Dynamics of the market volume of sterilizers, 2017–2021, billion Rs.
Diagram 3. Revenue (net) from the sale of sterilizers by union territories for 2017–2021, %
Chart 4. Dynamics of India's GDP, 2012–2021, % to the previous year
Diagram 5. Monthly dynamics of the US dollar against the rupee, Rs. for 1 US dollar, 2017-Feb. 2022
Diagram 3. Dynamics of real disposable income of the population of India, % to the previous year, 2012–Sep. 2021
Diagram 6. Dynamics of the population of India, million people, as of 01 Jan. 2012–2022
Diagram 7. Industry life cycle stage
Diagram 8. Shares of the largest competitors in the market of sterilizers in 2021, %
Diagram 9. Dynamics of production volumes of sterilizers in India for 2017–2021, million Rs.
Diagram 10. Dynamics of the total revenue of the largest manufacturers (TOP-5) of sterilizers in India, 2017–2021, million Rs.
Diagram 11. The share of exports in production for 2017–2021, %
Diagram 12. Volume and dynamics of imports of sterilizers in physical terms, 2017–2021, pcs.
Diagram 13. Volume and dynamics of imports of sterilizers in monetary terms, 2017–2021, thousand US dollars
Diagram 14. Dynamics of export of sterilizers in physical terms, 2017–2021, thousand tons
Diagram 15. Dynamics of exports of sterilizers in monetary terms, 2017–2021, thousand US dollars
Diagram 16. Balance of exports and imports, 2017–2021, million Rs.
Chart 17. Structure of exports by countries in 2021, %
Diagram 18. Dynamics of consumption of sterilizers in monetary terms, 2017–2021, Rs./person
Diagram 19. Shares of sterilizer supply regions by total amount among auctions worth more than 25 million Rs. in 2020-2021, %
Chart 20. Forecast of the market size in 2022–2026, billion Rs.
Tables
Table 1. STEP analysis of factors affecting the market of sterilizers
Table 2. Modes of physical disinfection
Table 3. The main companies participating in the market of sterilizers in 2021
Table 4. Profiles of companies participating in the market of sterilizers in 2021
Table 5. Dynamics of the production of sterilizers in India by union territories, 2017–2021, million Rs.
Table 6. Structure of imports of sterilizers by importing countries in 2021
Table 7. Data on completed tenders for the purchase of sterilizers with a contract amount of more than 25 million Rs., 2020–2021
Table 8. Average producer prices in the market of sterilizers across the Union Territories, 2019–2021, Rs./pc.
Table 9. Average consumer prices in the market of sterilizers by states of India, 2021, thousand Rs./pcs.
Table 10. Assessment of factors of investment attractiveness of the market of sterilizers
Table 11. Forecast indicators of the development of the Indian economy
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