Page 10 - ie2 August 2019

SPOTLIGHT

Trade scenario of the medical between 2015-16 and 2018-19. destinations for Indian medical devices
devices sector in India Table3 shows the products which and constitute almost 27.6 percent of
Exports of medical devices from India underwent maximum growth between the total medical devices exports. Ta-
exhibited a healthy growth trend with a 2015-16 and 2018-19. ble6 shows the top five export destina-
CAGR of 12.3 percent in the last four Table4 lists the top 10 medical devic- tions for India. Together they constitute
years. However, at the same time im- es imported by India. 42.6 percent of the total medical devic-
ports also grew at a CAGR of 10.2 per- es exports and have exhibited positive
cent and overall there is a trade deficit Observation: All the top 10 imported growth between 2014 and 2018.
which has grown at 9.4 percent in the products have enjoyed a positive CAGR
last four years. between 2015-16 and 2018-19. Major import partners for India
Table5 shows the products which The USA also features as the largest im-
Item-wise export-import trends underwent maximum growth between port partner for the Indian medical de-
Table2 lists the top 10 medical devices 2015-16 and 2018-19. vices industry. Table7 shows the top five
exported from India. import partners for India. together they
Major export destinations constitute 62.2 percent of the total med-
Observation: All the top 10 exported of India ical devices exports and have exhibited
products have enjoyed a positive CAGR The USA and China are the top export positive growth between 2014 and 2018.

Table2: Top 10 medical devices exported from India
HS Code Product description 2015-16 2016-17 2017-18 2018-19 CAGR %
901839 Catheters and the like; Other needles 195.89 217.75 256.82 300.06 15.3
901890 Other Instruments and appliances of medical science 202.83 190.69 194.15 218.8 2.6
902230 X-ray tubes 70.64 77.6 84.8 125.91 21.2
901819 Other electro-diagnostic apparatus including those for functional exploratory 53.02 43.91 63.05 109.54 27.4
examination or checking physiological parameters

902290 Other, including parts and accessories 95.3 102.11 101.16 97.79 0.9
902214 Other, for medical, surgical or veterinary uses 25.43 39.97 40.59 61 33.9
382200 Composite diagnostic/laboratory reagents excl goods of heading 3002/3006 32.62 52.99 45.95 54.91 19.0
902139 Other 30.46 36.53 38.58 48.65 16.9
902110 Orthopaedic or fracture appliances 25.29 28.21 32.16 38.52 15.1
901832 Tubular metal needles and needles for suture 27.16 32.12 36.45 35.58 9.4
Source: DGCI&S

Table3: Top five products exhibiting highest export growth between 2015-16 and 2018-19

HS Code Product description 2015-16 2016-17 2017-18 2018-19 CAGR %
902212 Computed tomography apparatus 1.93 5.28 11.8 12.37 85.8
902131 Artificial joints 3.76 7.15 14.14 19.01 71.6
902750 Other instruments and apparatus using optical radiations (UV, visible, IR) 3.62 5.54 12.22 17.95 70.5
901910 Machino-therapy appliances; Massage apparatus; Psychological aptitude- 0.87 1.44 2.64 3.12 53.1
testing apparatus
901811 Electro-cardiographs 8.92 13.94 15.81 30.01 49.8
Source: DGCI&S

10 l INDIAN ENGINEERING EXPORTS l AUGUST 2019