Medical Syringe Market Forecast in India
The relevance of research
Due to the high level of morbidity of the population, medical instruments and syringes are in increasing demand
Purpose of the study
Analyzing the state of the medical syringe market in India, assessing the market size, analyzing competitors, and identifying factors affecting the medical syringe market
Content
Chapter 1. Key Components of the Medical Syringe Market
1.1. Market size
1.2. Growth rate of the market of medical syringes
1.3. The ratio of imported and domestic products in the market
1.4. The volume and dynamics of the production of medical syringes
1.5. Import of medical syringes. Volume and dynamics
1.6. Export of medical syringes. Volume and dynamics
1.7. Share of exports in production
Chapter 2. Economic characteristics of the market
2.1. Medical syringe market trends
2.2. The main problems of the industry
2.3. Estimation of the number of buyers and their financial capabilities
2.4. Estimated consumption per capita
2.5. Analysis of sectoral indicators of financial and economic activity
2.6. Compact location of industry companies in certain regions
2.7. Life cycle stage of the market of medical syringes
Chapter 3
3.1. Economic components
3.2. Social Components
3.3. Technological components
3.4. Political Components
3.5. STEP-analysis of the market of medical syringes
Chapter 4. Assessment of the degree of competition
4.1. Scale of competition (local, regional, national, global)
4.2. Number of competitors and relative market shares of the largest competitors
4.3. Competition from substitute products
Chapter 5 Industry Forecasts
5.1. Analysis of the impact of recent crises on the industry (the global crisis of 2008 and the currency crisis in India in 2014)
5.2. Analysis of the impact on the state aid industry at the current date
5.3. Assessment of the degree of impact of the crisis due to covid-19 on the analyzed market. Barriers existing in the market of medical syringes
5.4. Prospects and growth drivers for the medical syringe market
5.5. Forecast for the development of the market of medical syringes in the context of the current economic crisis due to covid-19
Chapter 6 Forecasting Methodology
6.1. Methods for forecasting key industry indicators
6.2. Sources of information for forecasting
6.3. Timing of forecasting
Research excerpt
Chapter 1. Key Components of the Medical Syringe Market
1.1. Market size
For the analyzed period 2013-2020. The volume of the market of medical syringes in physical terms increased … billion units. in 2013 up to … bln pcs. in 2020
During 2013-2020 The largest volume of the market in volume terms was observed by … – … billion units, which was due to …% growth compared to …year.
During the period under review, the minimum volume of the market in real terms was recorded in …g. – … bln pcs. medical syringes, which was associated with …% and a decrease in …
In 2019–2020, the volume of the medical syringe market is … billion units.
In monetary terms, the market volume of medical syringes for 2013-2020. increased by … Rs. in 2013 up to … billion Rs. in 2020
The market grew mainly under the influence of…
1.2. Growth rate of the market of medical syringes
In the study period 2013–2020. market volume in physical terms …% in 2020 compared to 2013, i.e. the growth rate was …%.
Diagram 1. Dynamics of the market volume of medical syringes in real terms, 2013–2020, mln pcs.
The lowest growth rate of the market of medical syringes in physical terms during the study period was observed in …g. (…%) compared to 2016 due to the decrease of … (growth rate …%) and … medical syringes in India (growth rate …%).
The maximum growth rate of the market of medical syringes in physical terms was observed in …year, it amounted to …% compared to the market volume of …year, the growth was mainly due to …, the growth rate of which amounted to …%. The growth rate of production in this period amounted to …%.
At the end of 2020 The growth rate of the medical syringes market was equal to …% compared to 2019, which indicates …
In value terms, the market volume of medical syringes for the study period 2013-2020. ...
During the analyzed period, the growth rate of the market volume in value terms was more than …% in all years except for …g. and varied within …%–…%. The growth rate of the market of medical syringes less than 100% was observed only in …g. – …%, when the market volume compared to 2016 …% influenced by decline ...
Growth rate of the market of medical syringes in 2020. amounted to …% compared to 2019, the market growth was due to ...
1.3. The ratio of imported and domestic products in the market
A feature of the Indian medical syringe market is that it...
In 2013 the share of imports of medical syringes in India was …%, in 2020. the share of imports in the volume of the Indian market was equal to …%, it is …
Diagram 3. The ratio of imported and domestic products in the market of medical syringes, 2013–2020, %
However, it should be noted that in 2020 share of imports of medical syringes … compared to 2019 from …% to …% due to … volumes of domestic production of medical syringes by …% and growth of …%.
1.4. The volume and dynamics of the production of medical syringes
For the analyzed period 2013-2020. according to … volume of production of medical syringes in India …% from … mln pcs. in 2013 up to … mln pcs. in 2020
In 2013-2014 Production volumes of medical syringes ...
In 2015 occurred …% (… million units) due to the growth of …, as well as in connection with the implemented …
In 2016 kept...
In 2019, production volumes …% compared to 2018 and amounted to … million units, due to the growth of … at existing enterprises and the growth of ...
According to GidMarket at the end of 2020. volume of production of medical syringes …% compared to 2019 and amounted to … mln pcs. … volumes were influenced by …% on …, followed by interruptions in … Medical syringe manufacturing companies are ready …, however, due to insufficient production volumes and …
1.5. Import of medical syringes. Volume and dynamics
...
1.6. Export of medical syringes. Volume and dynamics
For 2013-2020 the volume of Indian exports of medical syringes increased from … mln. in 2013 up to … mln pcs. in 2020 - ... It happened under the influence of ...
Diagram 7. The volume and dynamics of exports of medical syringes, 2013–2020, million units
The highest growth rate occurred in ...g. under the influence of... when the Indian...
In monetary terms, the volume of exports of Indian medical syringes also ... during the period under review, it increased ... from ... million Rs. in 2013 up to … million Rs. in 2020 Export volume annually …%.
The largest growth rate of Indian medical syringes exports in value terms occurred in …, similar to exports in ...
1.7. Share of exports in production
The share of exports in the production of medical syringes in India during the analyzed period 2013-2020. …% in 2013 to …% in 2020
In 2019 share of export …% due to the fact that the main efforts of producers …
Chapter 2. Economic characteristics of the market
2.1. Medical syringe market trends
Among the main trends and trends in the market of medical syringes, the following can be noted:
- the market is at the stage of ...;
- Crisis phenomena in the economy lead to ...;
- at present, to a large extent, the volume of the market is influenced by ...;
...
In the market of medical syringes in India, the balance of exports and imports is traditionally….
Diagram 10. Balance of exports and imports in 2015-2020, million Rs.
In monetary terms, the volume of … exceeds the volume of … at the end of 2020. by … times, the balance of exports and imports amounted to (… mln Rs.).
2.2. The main problems of the industry
...
2.3. Estimation of the number of buyers and their financial capabilities
Consumers in the medical syringe market are…
According to Rosstat, at the end of 2020. operating medical organizations (hospitals, dental and other clinics, pharmacies) in India - ...
For the period 2012-2020. the number of the above medical organizations and pharmacies increased by …% from … in 2012. until … in 2020
End users of medical syringes…
During 2012–2018 observed ... Growth of …% in 2015 compared to 2014 due to ... Since 2019. population growth …, level ... As of January 1, 2021, another …% was observed.
The market of medical syringes in India, taking into account the commercial sector, exceeds ... billion Rs., according to ... the state order of medical institutions is more than ... billion Rs., respectively ... billion Rs. falls on ... - private ...
Consider the real disposable income of the population, which determine the level of effective demand. Diagram 14 shows the dynamics of the growth rates of this indicator.
Since 2014 to 2017 there is a trend towards ... real disposable income of the population. In 2014 real disposable incomes of the population decreased …%, in 2015. – by ..%, in 2016 …
Preliminary data for 2020 real disposable incomes of the population …%, the index amounted to …% by 2019, which has ... For the 1st quarter of 2021. real disposable income of the population …% compared to Q1 2021
...
Thus, the indicators characterizing the dynamics of the overall level of final demand for medical syringes have ...
The number of medical organizations based on trends will be ...
2.4. Estimated consumption per capita
Let's estimate the volume of consumption of medical syringes in physical terms per capita. Consumption volume is calculated by GidMarket based on …
Chart 15. Consumption in the market of medical syringes per capita, 2013-2020
The indicator has a trend towards … except for the decrease …d. In 2020 consumption amounted to … pieces/person, which is …% more than in 2019. For the period from 2013 consumption of medical syringes in physical terms …%.
2.5. Analysis of sectoral indicators of financial and economic activity
Important data for analyzing the state of the industry is the dynamics of such indicators as profitability and liquidity.
The table below shows the dynamics of the gross margin indicator (the ratio of gross profit to income).
For the period under review, from 2015 by 2020 the dynamics of the gross margin indicator in the medical syringe manufacturing industry was …: up to 2016. inclusive ..., in 2017-2019. was …, in 2020 it became equal to …%. For the period under review 2015-2020. gross margin …% in 2015 to …% in 2020 Negative impact on the gross margin of the medical syringe industry…
During the entire period, the gross margin in the industry under consideration was … the level of all sectors of the economy, which is generally associated with the launch of …
Consider the dynamics of profitability before tax.
In general, for the period, the profitability of profit before tax in the medical syringe production industry was ..., if in 2015. it was equal to (…%), then in 2020. she became (…%). The performance of the industry is influenced by new ... The work of the industry can still be called ..., since the profitability is significantly ... indicator for all sectors of the Indian economy, in 2020. the difference was … p.p.
Consider liquidity indicators in the medical syringe industry. The indicator of current liquidity is ...
The estimated indicator of current liquidity of a normally operating solvent legal entity should be ...
For the studied industry during the period from 2015 to 2020. current liquidity indicator … in 2015-2016. and was significantly ... During 2017-2019. current liquidity ratio … to the level of …, in 2020 increased ..., which indicates the ability ...
The absolute liquidity ratio shows what part of short-term liabilities can be repaid if necessary ...
The normal value of the absolute liquidity ratio fluctuates in ...
The table shows the dynamics of this coefficient.
During the period under review, the overall indicator for all sectors of the Indian economy did not fall below ..., which indicates ... In the medical syringe manufacturing industry, the indicator in 2015-2020. was ... average Indian level of absolute liquidity. In 2020 the difference was...
Overall, an analysis of the industry financial ratios of the medical syringe industry in India shows …
2.6. Compact location of industry companies in certain regions
Production sites of leading Indian manufacturers are located in … federal districts:
- ... The Union Territories occupies ...% in the structure of the production of medical syringes, the main manufacturing companies are: LLC ""..."" (... region), LLC ""..."" (... region), LLC ...
- … Union Territories occupies …% in the structure of medical syringes production, the main manufacturing companies: …;
2.7. Life cycle stage of the market of medical syringes
...
Chapter 3
3.1. Economic components
GDP
The dynamics of GDP is a determining factor in the development of the country's economy, it forms the main trends in consumer effective demand and economic activity.
From 2012 to 2014 GDP growth was …, after the 2014 crisis. GDP growth rate in 2015 became ... In 2016-2019. occurred …% year on year.
According to the estimate of …, the decline in India's gross domestic product in 2020 amounted to …%. The Government of India predicted a decrease by …%. The index of its physical volume relative to the first quarter of 2020 amounted to …%
GDP decline by …% in 2020 related to the input...
3.2. Social Components
...
3.3. Technological components
...
3.4. Political Components
...
3.5. STEP-analysis of the market of medical syringes
Let's analyze the influence of the above factors in the framework of the STEP-analysis.
Table 3. STEP analysis of factors influencing the market of medical syringes
According to the results of the performed STEP-analysis, macro-environmental factors have a greater influence on the market of medical syringes.
Economic factors such as … have a negative impact on the market for medical syringes. India's economic recovery and projected GDP growth, realization…
Social factors: …, has a negative impact on the market under study. Projected increase…
A group of technological factors brings to the market …
The medical syringe market is most influenced by … factors that will have a greater impact on ...
Chapter 4. Assessment of the degree of competition
4.1. Scale of competition (local, regional, national, global)
Global competition: The market for medical syringes is …, as the share of foreign-made goods is …%.
...
Indian manufacturers are also making … deliveries outside of India, which forms a variety of …
...
National Competition: …
Regional and local competition: …
4.2. Number of competitors and relative market shares of the largest competitors
The largest competitors in the medical syringe market and their relative market shares are presented in the table.
Diagram 22. Shares of the largest competitors in the market of medical syringes in 2020, %
Top-5 companies of the market occupy …% in its structure in terms of money.
The leading players are:
- … with a share of …%;
- … - …%;
...
Other manufacturers and importers account for …% of the market.
The degree of concentration of players in the market can be assessed using the Herfindahl-Hirschman index, an indicator used for …
For the Indian market of medical syringes in 2020. the Herfindahl-Hirschman index was ... - the market is ...
4.3. Competition from substitute products
...
Chapter 5 Industry Forecasts
5.1. Analysis of the impact of recent crises on the industry (the global crisis of 2008 and the currency crisis in India in 2014)
In the first half of 2020 The medical syringe market, like many other industries, has felt the impact of the pandemic and the onset of the economic crisis.
Let us analyze data on the impact of recent crises on the industry (the global crisis of 2008 and the currency crisis of 2014).
...
5.2. Analysis of the impact on the state aid industry at the current date
In recent years, the state has created many tools to support the medical industry, which includes the medical syringe industry: subsidies, …
5.3. Assessment of the degree of impact of the crisis due to covid-19 on the analyzed market. Barriers existing in the market of medical syringes
...
5.4. Prospects and growth drivers for the medical syringe market
The further development of the market for medical syringes in India will largely depend on the overall economic condition of India. According to India's socio-economic development forecast, …
Drivers of growth in the development of the market of medical syringes are:
...
5.5. Forecast for the development of the market of medical syringes in the context of the current economic crisis due to covid-19
...
Chapter 6 Forecasting Methodology
...
Diagrams
Diagram 1. Dynamics of the market volume of medical syringes in real terms, 2013–2020, mln pcs.
Diagram 2. Dynamics of the market volume of medical syringes in value terms, 2013–2020, billion Rs.
Diagram 3. The ratio of imported and domestic products in the market of medical syringes, 2013–2020, %
Chart 4. Dynamics of production volumes of medical syringes in India, 2013-2020
Diagram 5. Volume and dynamics of imports of medical syringes, 2013–2020, million units
Diagram 6. Volume and dynamics of imports of medical syringes, 2013–2020, billion Rs.
Diagram 7. The volume and dynamics of exports of medical syringes, 2013–2020, million units
Diagram 8. Volume and dynamics of export of medical syringes, 2013–2020, million Rs.
Chart 9. Share of exports in production, 2013–2020, %
Diagram 10. Balance of exports and imports in 2015-2020, million Rs.
Chart 11. Dynamics of the number of operating medical organizations (hospitals, dental and other clinics, pharmacies), India, 2012-2021
Diagram 12. Population dynamics in India, as of 01 Jan. 2012–2021
Chart 13. Population forecast in India for the period 2021-2024, million people
Chart 14. Dynamics of real income of the population of India, 2012-2020, available period 2021
Chart 15. Consumption in the market of medical syringes per capita, 2013-2020
Diagram 16. Profitability before tax (profit of the reporting period) in the industry of medical syringes in comparison with all sectors of the Indian economy, 2015-2020, %
Diagram 17. Current liquidity (total coverage) for the medical syringe industry for 2015–2020, times
Diagram 18. Compactness of location of companies in the industry in certain regions
Diagram 19. Stage of the life cycle of the market for medical syringes
Chart 20. Dynamics of India's GDP, 2012-2020, available period 2021, % of the previous year
Chart 21. Monthly dynamics of the US dollar against the rupee, 2016 - available period 2021, Rs. for 1 US dollar
Diagram 22. Shares of the largest competitors in the market of medical syringes in 2020, %
Chart 23. White market size for botulinum toxins in India
Tables
Table 1. Gross Margin of the Medical Syringe Industry Compared to All Industries in India, 2015-2020, %
Table 2. Absolute liquidity of the medical syringe industry compared to all sectors of the Indian economy, 2015-2020, times
Table 3. STEP analysis of factors influencing the market of medical syringes
Table 4. The main companies participating in the medical syringe market in 2020
Table 5. Assessment of the impact of recent crises on the industry
Table 6. Analysis of the impact on the industry of the state aid proposed to date
Table 7. Forecast indicators of the development of the Indian economy until 2024 (basic version), units rev.
Table 8. Morbidity of the population, India, 2013-2019
Table 9. Distribution of the elderly population by age group, India, 2013-2021 (as of January 1), thousand people
Table 10 India Medical Syringe Market Size Forecast 2021-2025
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