Why India!
India, being amongst the fastest developing countries with an estimated medical technology market set to touch $50 billion.
The current Indian Medical Technology market being at$ 11 billion with imports worth $4 billion and Exports worth $1.5 billion. The CAGR of medical
technology in India is 15%.
India, being on the cusp of epidemiological transition is an import driven market with a growing amount of exports.
It is also the 5 th largest market in terms of size with comparatively lower barriers to entry.
India has a 90% cost advantage in low value component processing and product engineering
Challenges faced by developing countries today are lack of quality healthcare facilities due to lack of advanced and updated medical technology. Healthcare
consumes a large part of the household expenses due to the fact that the governments in developing countries are able to afford very limited insurance to
its citizens. Moreover, public healthcare institutions are also restricted in terms of Technology due to restrictions on Government funding.
J.S.G steps in to assist in the following ways:
Source equipment of quality and affordable prices.
Quality devices are being developed and manufactured in developing countries at 1/10 th the price.
J.S.G can help connect and assist in sourcing and fulfilling the needs.
JSG can help metamorphose from being a vendor to a value chain player by unlocking the potential of an organization by serving BOP.