Catheterization Laboratory Market – India September 2014
Executive Summary Market
Cath labs market in India was pegged at INR ‘b’ bn in 2013 and is expected to grow at a CAGR of +x1% till 2018 There are three types of cath labs available in the market, Segment 1, Segment 2, and Segment 3 cath labs, with Segment 2 having the highest market share
Drivers:
Drivers & Challenges
Technological Trends
Challenges:
Increasing lifestyle based diseases Improving technology Improving health infrastructure Changing demographic structure Growing medical tourism Increasing healthcare spending Rotational Angiography Biplane Digital Subtraction Angiography
Improvements in other diagnostic modes
Swing Lab Stent Boost Robotic-Operated Systems
Major Domestic Players
Competition
3D Rotational Angiography Hybrid Cath Lab / OR Remote Magnetic Navigation Major Foreign Players
Company 1
Company 3
Company 5
Company 2
Company 4
Company 6
CATHETERIZATION LABORATORY MARKET IN INDIA 2014.PPT
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•Macroeconomic Indicators •Introduction •Market Overview •Drivers & Challenges •Technological Trends •Competitive Landscape •Strategic Recommendations •Appendix CATHETERIZATION LABORATORY MARKET IN INDIA 2014.PPT
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Indian market for cath labs is poised to grow in the coming years with emphasis on the performance segment Market Overview
Market Size and Growth (Value-wise)
• Indian market for cath labs is expected to show steady growth in coming years, providing strong opportunities to present and potential players to earn high revenues and increase their profits In 2013, the market for cath labs was valued at INR ‘b’ bn, with a total of ‘q’ units being sold across the country By 2018, this value will increase to INR ‘h’ bn and will see the number of cath labs sold reaching ‘v’ units
• There are three types of cath labs available in the market – Segment 1, Segment 2, and Segment 3 Segment 2 has been dominating the market
• Several technological advancements are taking place which will lead to growth in the market
INR bn
Segment 2
Segment 3
10 +x1%
8 6
2
a a1% a2%
0
4
c c1%
b b1%
f f1%
d d1%
g g1%
h h1%
f2%
g2%
h2%
b2%
c2%
d2%
a3%
b3%
c3%
d3%
f3%
g3%
h3%
2012
2013
2014e
2015e
2016e
2017e
2018e
Market Size and Growth (Volume-wise) Segment 1
Units
Segment 2
Segment 3
350
Introduction of flat panel detectors and digital imaging has greatly benefited the market
300
It has resulted in increased efficiency of physicians and preciseness during procedures
200
• Continuous technological progress will result in steady growth of the market
Segment 1
+x2%
250 150
p p1%
q q1%
100
p2%
q2%
p3% 2012
r r1%
u u1%
u2%
v2%
r2%
s2%
t2%
q3%
r3%
s3%
t3%
u3%
v3%
2013
2014e
2015e
2016e
2017e
2018e
50 0
s s1%
t t1%
v v1%
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Drivers & Challenges – Summary
Drivers Increasing lifestyle based diseases Improving technology
Challenges
Improving health infrastructure
Improvements in other diagnostic modes
Changing demographic structure
High costs and non feasibility in rural areas
Growing medical tourism Increasing healthcare spending
CATHETERIZATION LABORATORY MARKET IN INDIA 2014.PPT
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Technological Trends – Summary Rotational Angiography Swing Lab 3D Rotational Angiography Biplane Technological Trends `
Stent Boost Hybrid Cath Lab / OR Digital Subtraction Angiography Remote Magnetic Navigation Robotic-Operated Systems CATHETERIZATION LABORATORY MARKET IN INDIA 2014.PPT
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Market Competition – Porter’s Five Forces Analysis Threat of New Entrants
Impact
Impact
Impact Impact
Bargaining Power of Suppliers
Bargaining Power of Buyers
Competitive Rivalry
Impact Threat of Substitutes
CATHETERIZATION LABORATORY MARKET IN INDIA 2014.PPT
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Competitive Benchmarking (1/3) Key Ratios of Top 3 Companies – Operational Basis (FY 2013) (1/3) Operating Margin
%
25
Net Margin
a1
20
a2
15 10
b2 b1
5
a3
b3
0 Company 1
Company 2
Company 3
• Company 1 recorded operating margin of a1%, higher than both Company 2 which recorded operating margin of a2% and Company 3 which recorded operating margin of a3% • Company 2 recorded the highest net margin of b2%, higher than Company 1 which recorded a net margin of b1% and Company 3 which recorded a net margin of b3%
CATHETERIZATION LABORATORY MARKET IN INDIA 2014.PPT
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Public: Foreign Company – Company 1 (1/4) Company Information
Offices and Centres – India
Corporate Address
Tel No. Fax No. Website Year of Incorporation Ticker Symbol Stock Exchange
Head Office
Products and Services Category Medical Imaging Laboratory Diagnostics Therapy Systems
Products/Services
Key People Name
Designation
Person 1
Chairman
Person 2
Chief Executive Officer and Managing Director
Person 3
Chief Financial Officer and Executive Director
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Public: Foreign Company – Company 1 (2/4) Financial Snapshot Total Income
INR mn 150,000
Key Ratios b2
a2
Net Profit / Loss c2
10,000
d2
100,000 50,000
INR mn
8,000 6,000
b1
a1
c1
d1
4,000 2,000
0
0
2010
2011
2012
2013
Financial Summary • It reported total Income of INR XX mn in FY 20XX, registering an increase of X per cent over FY 20YY • It earned an operating margin of X.X per cent in FY 20XX an increase of X.X percentage points over FY 20YY • The company reported debt to equity ratio of X.XX in FY 20XX, an increase of X.X per cent over FY 20YY
2013
2012
2011
2010
Profitability Ratios Operating Margin Net Margin Profit Before Tax Margin Return on Equity Return on Capital Employed Return on Working Capital Return on Assets Return on Fixed Assets Operating costs (% of Sales) Administration costs (% of Sales) Interest costs (% of Sales)
Liquidity Ratios Current Ratio Cash Ratio
Leverage Ratios Debt to Equity Ratio Debt to Capital Ratio Interest Coverage Ratio
Financial Summary Market Capitalization (INR mn) Total Enterprise Value (INR mn) EPS (INR) PE Ratio (Absolute)
y-o-y change (2013-12)
Cost Ratios
• Company earned a net profit of INR XX mn in FY 20XX, as compared to net profit of INR Y mn in FY 20YY
Indicators
Particulars
Value (dd/mm/yyyy)
Efficiency Ratios Fixed Asset Turnover Asset Turnover Current Asset Turnover Working Capital Turnover Capital Employed Turnover Improved
CATHETERIZATION LABORATORY MARKET IN INDIA 2014.PPT
Decline
10
Public: Foreign Company – Company 1 (3/4) Key Business Segments Segment 1
Segment 2
Key Geographic Segments Segment 3
Segment 4
Region 1
Region 2
100%
100% 50% 0%
m1%
n1%
m2%
n2%
50%
m3% m4%
n3% n4%
0%
2012
2013
p1%
q1%
r1%
s1%
p2%
q2%
r2%
s2%
2010
2011
2012
2013
Business Highlights Description
Details
Overview Cath Lab Products
New Launches Share Holding Pattern
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Public: Foreign Company – Company 1 – SWOT Analysis (4/4)
S
W
O
T
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Private: Domestic Company – Company 2 (1/5) Company Information
Offices and Centres – India
Corporate Address Tel No. Fax No. Website Year of Incorporation
Products and Services Category
Head Office
Products/Services
Key People Radiology Name
Designation
Cardiology
Person 1
Chairman and Managing Director
Surgery
Person 2
Additional Managing Director
Neurology
Person 3
Whole-Time Director
Person 4
Whole-Time Director
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Private: Domestic Company – Company 2 (2/5) Shareholders of the Company Name
Ownership Structure No. of Shares held
Category 1
Category 3
Category 2
Category 4
Shareholder 1 b%
Shareholder 2
c% d%
Shareholder 3 Shareholder 4
Shareholder 5 Shareholder 6 Shareholder 7
a%
Shareholder 8 Total
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Private: Domestic Company – Company 2 (3/5) Financial Snapshot
Key Ratios
Total Income
INR mn
Particulars
Net Profit / Loss
INR mn s2
2,000
150
r2 1,500
q2
100
p2
1,000 500
p1
q1
r1
s1
50 0
0
-50 2010
2011
2012
2013
Financial Summary • Company earned a net profit of INR XX mn in FY 20XX, as compared to net profit of INR Y mn in FY 20YY • It reported total Income of INR XX mn in FY 20XX, registering an increase of X per cent over FY 20YY • It earned an operating margin of X.X per cent in FY 20XX an increase of X.X percentage points over FY 20YY • The company reported debt to equity ratio of X.XX in FY 20XX, an increase of X.X per cent over FY 20YY
y-o-y change (2013-12)
2013
2012
2011
2010
Profitability Ratios Operating Margin Net Margin Profit Before Tax Margin Return on Equity Return on Capital Employed Return on Working Capital Return on Assets Return on Fixed Assets
Cost Ratios Operating costs (% of Sales) Administration costs (% of Sales) Interest costs (% of Sales)
Liquidity Ratios Current Ratio Cash Ratio
Leverage Ratios Debt to Equity Ratio Debt to Capital Ratio Interest Coverage Ratio
Efficiency Ratios Fixed Asset Turnover Asset Turnover Current Asset Turnover Working Capital Turnover Capital Employed Turnover Improved
CATHETERIZATION LABORATORY MARKET IN INDIA 2014.PPT
Decline
15
Private: Domestic Company – Company 2 (4/5) Business Highlights Description
News
Overview
Cath Lab Products
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Private: Domestic Company – Company 2 – SWOT Analysis (5/5)
S
W
O
T
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