India is a very important market for St Jude Medical. There is currently a significant size of underserved population and, at present, many patients with various heart ailments remain undiagnosed and untreated. But with increase in awareness, growing income level, rapid increase in health infrastructure, gradual increase in state level reimbursement, and the enhancements of institutional and private medical insurances, India is now one of the fastest growing healthcare markets in the world.
India is one of the fastest growing markets in the medical device industry, and yet it faces important challenges. The field of cardiology has grown significantly in India over the past few decades and continues to do so at a fast pace. This growth is mainly derived from the increasing awareness in the importance of this field.
A few factors influencing positive growth are the gradual increase in the reimbursement schemes from various state governments, which helps to reduce the affordability related access barrier for many patients. Also, the positive changes being made in the regulatory environment can only help improve quality of healthcare and patient outcomes.
Ref and Read more: http://www.expresshealthcaremgmt.com/201109/market12.shtml