Partnership

SERCURA  MEDICAL is dedicated to offering the latest, cutting-edge technology products to medical equipment users in India. We are constantly seeking opportunities to collaborate with technology leaders around the globe, providing them with a platform to participate in India’s vast market potential.

Partnering With SERCURA MEDICAL

SERCURA MEDICAL was established with a clear objective – to become the ethical and reliable partner of choice for connecting global manufacturers with the Indian healthcare system, in order to address unmet medical needs.

Why SERCURA MEDICAL ?

 

  • We have earned a high level of professional reputation and goodwill among the medical fraternity.
  • Our commitment to high-quality after-sales and application support is unwavering.
  • We possess industry expertise and have existing resources at our disposal.
  • With our knowledge of the market and the service level required, we assure that your needs are met.
  • Our top priority is to prioritize and fulfill the needs and requirements of our customers.
  • As a renowned medical device partner in India, we have established a solid reputation
  • We have nationwide organizational support to promote our products.
  • Our product-dedicated marketing team ensures a focus on each individual product.

“Indian healthcare: A burgeoning sunrise sector full of limitless potential.”

India plans to set up an additional 3 million hospital beds by 2025, investing a total of around USD 200 billion in state hospital. infrastructure. The market remains lucrative for international manufacturers, as the import quota for medical technology products remains at a high level of 70 percent

The Indian healthcare landscape offers several noteworthy advantages, some of which include:

  • The healthcare and medical device sectors have grown significantly in the last decade. There is a huge gap in the current demand and supply of medical devices in India and this provides a significant opportunity for manufacturers.
  • The Indian Healthtech industry was valued at $1.9bn in 2020. By 2023, it is expected to reach $ 5B by 2023 at a CGAR of 39%.
  • Over the next 10 years, National Digital Health Blueprint can unlock the incremental economic value of over $200 bn for the healthcare industry in India.
  • Over $200 bn to be spent on medical infrastructure by 2024. 
Increase in Demand
  • The medical technology sector in India is projected to reach US$ 50 billion by 2025 and the rising number of medical facilities will boost the demand for medical devices in the market.
  • Various government initiatives such as ‘Production Linked Incentives (PLI) Scheme for Medical Devices 2020’ and establishing medical parks will augment demand.
Government Initiatives
  • In the Union Budget 2022-23, Rs. 86,200 crores (US$ 11.3 billion) were allocated as a budget for the pharmaceutical and healthcare sector.
  • The government also approved applications for nine eligible projects that are expected to lead to a total committed investment of ~Rs. 729.63 crore (US$ 100.01 million) and generate ~2,304 jobs.
Market Size
  • India is among the top 20 markets for medical devices worldwide. The market is expected to increase at a 37% CAGR to reach US$ 50 billion in 2025, from Rs. 75,611 crore (US$ 10.36 billion) in 2020. The medical devices sector in India comprises large multinationals and small and midsized companies.
  • The Government of India (GOI) has commenced various initiatives to strengthen the medical devices sector, with emphasis on research and development (R&D) and 100% FDI for medical devices to boost the market.
  • About 80% of the sales in value terms is generated through imported medical devices signaling a significant presence of multinational companies in the Indian medical device market.

Partner with SERCURA to tap into the vast and rapidly expanding markets of India, and attain your objectives in the shortest timeframe possible.

 

Sources: IBEF – www.ibef.org, Invest India – www.investindia.gov.in, www.business-standard.com, www.medgadget.com

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