Export opportunities of medical equipment in India
Amil Ajith
Antony Peter Venat Yesudasan Mohammed Shibil Boby Maliyekkal Siby
INTRODUCTION
INTRODUCTION
Solution for Human Robot Interaction
Established in 2006
It’s a Canadian Company that operates Worldwide over 35 countries
Their Mission is to empower Humanity through Robotics
Background
Surgical Robotics and Assistive solution
Assistive robots are for people with upper limb immobility
Robotics Technology Helps to improve Patients Outcome
Safe and user friendly robots
Canada has a better trade relationship with India in various fields
Indian government focussing on imports of advanced medical devices and equipment
Research Objectives
To determine the demand for medical equipment in India ( especially for persons suffering from upper limb) in order to gain knowledge about export opportunities.
To find out how much of the medical equipment are to be exported to India, for identifying the current requirement of product.
To identify the role of competitors in medical equipment manufacturing in India, so that we can set our goals according to it.
To determine the major users of medical equipment in India, in order to plan the export and manufacturing requirement of the product.
Business Opportunity In world, there are many people suffering from disabilities and interesting fact is that estimated number of children with disabilities between 0 and 18 years range between 93 million and 150 million.
2.1 of Indian population has a disability, a humbling figure ranging between almost 20 – 40 million people
In India 27% of total death happened
Trade relationship between
due to lack of proper health care system.
India and Canada are so for so good.
“Indian
Government focussing more on imports of medical devices and equipment from other countries in order to make Indian health care system more systematic.”
Kinova being successful in Canada, China and Germany, It’s the right time to expand their business in Asian countries especially in India which is 7th largest populated country in the world.
( Kinova Assistive Robots )
Methodology
Found on qualitative and quantitative analysis
Primary source:
Interviews with TFO Canada and ITPO (Indian trade promotion org).
Surveys and questionnaires take from Indian medical industries and customers
Estimation taken from 40 different medical industry. Secondary sources:
Information's taken from both governmental and non governmental sites.
Health India.
Export development Canada.
Reports and journals.
Government of India.
Indian consumers and medical industries .
Implementation plan
Initial information's are gathered : week 1
Implementing and designing the research inquiry: 2 days
Data collection: 4 days
Data interpretation : 1.6 weeks final estimated budget is roughly 11000 CAD
Conclusion The research is to
Identify the potential market opportunities of medical equipment in India
Increase the export of product from Canada to India.
Provide sophisticated medical equipment to help people who are suffering from upper limb.