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India External Defibrillator Market Outlook – Rising Incidence of Cardiac Diseases Fuelling Growth
Netscribes, Inc. launches a report on the External Defibrillator Market in India 2014 covering a market with strong growth potential. It is a part of Netscribes’ Healthcare Industry Series.
Mumbai, India – August 21, 2014 – Global market intelligence firm, Netscribes, Inc. released its latest report on the ‘External Defibrillator Market in India 2014’. The increasing number of patients suffering from cardiovascular and other lifestyle related diseases in India has resulted in a rise in the need for proper cardiac care services in the country. The improving health infrastructure in the country and the rapid establishment of emergency and trauma care centers is helping in the growth of the external defibrillator market in the India.
Netscribes’ latest market research report titled External Defibrillator Market in India 2014 states that the demand for external defibrillators is rising in the country due to a number of reasons. Cardiovascular and other lifestyle diseases plaguing a large number of Indians has resulted in a strong case for the growth of healthcare institutions. The number of hospitals and emergency and trauma care centers being set up in the country has been increasing and this in turn is leading to a rise in the demand for defibrillators as these equipments are indispensable to any healthcare institution. Biphasic defibrillators are replacing the monophasic models in most centers and is hence growing at the cost of the latter. However, monophasic defibrillators are still experiencing some demand, especially in rural settings. On the other hand, the portability of automated external defibrillators along with its increased usage in public places such as railway stations, airports, shopping malls, etc. has ensured that this segment is exhibiting the highest growth.
There is an equal mix of domestic and foreign companies operating in the market and high competitive rivalry exist between them. While Indian companies try to provide no-frills products, foreign firms try to provide additional features in their products. As a result products of foreign companies are priced slightly higher than the products of Indian companies and these products are mostly used by top-end hospitals in tier I cities. However, the expansion of medical centers providing quality care in smaller cities and towns, is helping the Indian companies to grow as well. Overall, the market is exhibiting steady growth and promises ample opportunities to all the players operating in the market.
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