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Syringes & Needles Market – India July 2015
Executive Summary Market Overview
Syringes & needles market in India is expected to grow at a CAGR of x% over 2013 -2019 to reach a value of INR ‘h’ bn by 2019 from the 2014 value of INR ‘b’ bn Greater emphasis being laid on safety has prompted many manufacturers to start producing autodisable syringes
Drivers:
Drivers & Challenges
Trends
Challenges: Illegal recycling of syringes & needles Problems associated with usage
Improving health infrastructure Increased need for insulin doses Increased demand for vaccines Growing incidences of diseases Changing demographics Health check-up packages One time use of syringes Painless Needles Pre-filled Syringes Major Players
Competitive Landscape
Company 1
Company 2
Company 3
SYRINGES & NEEDLES MARKET IN INDIA 2015.PPT
Company 4
2
•Macroeconomic Indicators •Introduction •Market Overview •EXIM •Drivers & Challenges •Trends •Government Legislation •Competitive Landscape •Strategic Recommendations •Appendix SYRINGES & NEEDLES MARKET IN INDIA 2015.PPT
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Macroeconomic Indicators (1/3) GDP at Factor Cost: Quarterly INR tn 16 15
a4
14
a3 a2 a1
13
d3 d2 d1
c3 c2 c1
b3 b2 b1
12
Q1
Q2 2011-12
2012-13
2013-14
Q3 2014-15
Q4
Inflation Rate: Monthly % 2 1
p
r
s
q
0 -1
-t
-2
Jul 2013 - Aug 2013
Aug 2013 - Sep 2013
Sep 2013 - Oct 2013
Oct 2013 - Nov 2013
SYRINGES & NEEDLES MARKET IN INDIA 2015.PPT
Nov 2013 - Dec 2013 4
Syringes & needles market in India is poised to grow at a steady rate in the coming years Syringes & Needles Market – Overview
Market Size & Growth (Value-wise)
• Indian market for syringes & needles is poised to grow in the coming years, providing opportunities to existing and potential players to earn higher revenues and increase profits
20
x%
15
d
• Company A with its ‘Brand A’ brand of syringes is one of the most prominent players in the market
5
• A lot of small domestic players operate in Region A of India, and these players mostly sell their products at relatively lower prices • Safety concerns and regulatory activity has resulted in an increasing demand for safety syringes with most manufacturers realizing the importance of setting up facilities to manufacture auto-disable syringes
• Pre-filled syringes are a relatively new concept in the Indian market Biocon, an Indian biotech company, was the first to bring pre-filled syringes in India from Safety Syringes Inc. in 2008
INR bn
10
a
b
c
2013
2014e
2015e
f
h g
0
2016e
2017e
2018e
2019
Auto-Disable Syringes Margin Structure Level of Distribution
Margin %
Manufacturer
p
Distributor
q
Dealer
r
Healthcare Establishment
s
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Although domestic manufacturers have benefitted from the increase in exports… Exports – Overview
Export of Syringes & Needles
• After a slight decline in yyyy-yy, export of syringes and needles increased tremendously in yyyy-yy and the first seven months of yyyy-yy has shown considerable promise • Country 1, Country 2 and Country 3 are the main countries to which products are exported • ‘YY’countries hold a lot of promise for exporters in future
Region Wise Export (2013-14)
INR mn
mn Units s1
q1
2,000
r1
1,500
s2
500
q2
p2
r2
i1%
t2
200 0
2010-11
2011-12 2012-13 2013-14
2014-15 Apr-Oct
Region Wise Export (2014-15, Apr-Oct)
Country 2 Country 3
Country A a2%
i2%
Country 5 Country 6 Country 7 Others
Country B Country C
Country 4 g1% b1% d1% h1% f1% c1%
600 400
0
Country 1 A1%
t1
p1
1,000
800
Country D h2% g2% f2% d2%
Country E b2% c2%
Country F Country G Others
Note: HS Code :901831 - Syringes, with or without needles SYRINGES & NEEDLES MARKET IN INDIA 2015.PPT
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Drivers & Challenges – Summary
Drivers Improving health infrastructure
Increased need for insulin doses
Challenges
Increased demand for vaccines
Illegal recycling of syringes & needles
Growing incidences of diseases
Problems associated with usage
Changing demographics Health check-up packages
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Key Trends – Summary
One time Use of Syringes
Key Trends
Pre-filled Syringes
Painless Needles
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Market Competition – Porter’s Five Forces Analysis Impact Threat of New Entrants
Impact
Impact Impact Medium
Bargaining Power of Suppliers
Competitive Rivalry
Bargaining Power of Buyers
Impact
Threat of Substitutes
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Competitive Benchmarking (1/4) Key Ratios of Top 3 Companies – Operational Basis (FY 2013) (1/3) Operating Margin
%
Net Margin
a2
25 20 15 10
a3 a1
b3
b2
b1
5 0 Company 1
Company 2
Company 3
• Company 1 recorded operating margin of a1% , lower than that of both Company 2 which recorded operating margin of a2% and lower than that of Company 3 which recorded operating margin of a3% • Net margin for all the three companies are positive, however, Company 3recorded the highest net margin of b3%
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Public: Domestic 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: Domestic Company – Company 1 (2/4) Financial Snapshot Total Income
INR mn 150,000
Key Ratios
a2
b2
Net Profit / Loss
INR mn 10,000
c2
d2
100,000 50,000
8,000 6,000
b1
a1
c1
d1
4,000 2,000
0
0
2011
2012
2013
2014
Financial Summary • It reported total Income of INR XX mn in FY 20XX, registering a decrease 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 • It reported debt to equity ratio of X.XX in FY 20XX, an increase of X.X per cent over FY 20YY
2014
2013
2012
2011
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 (2014-13)
Cost Ratios
• The 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 (05/01/2015)
Efficiency Ratios Fixed Asset Turnover Asset Turnover Current Asset Turnover Working Capital Turnover Capital Employed Turnover Improved
SYRINGES & NEEDLES MARKET IN INDIA 2015.PPT
Decline
12
Public: Domestic Company – Company 1 (3/4) Key Business Segments Infrastructure
Key Geographic Segments
Energy
Industry
Healthcare
India
Outside India
100%
100% 50% 0%
a1%
a2%
a3%
b1%
b2%
b3%
c1% d1%
c2% d2%
c3% d3%
2012
2013
2014
50% 0%
p1%
q1%
r1%
s1%
p2%
q2%
r2%
s2%
2011
2012
2013
2014
Business Highlights Description
Details
Overview
Products
New Launches
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Public: Domestic 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 2
Category 3
Category 4
Shareholder 1 Shareholder 2
b%
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
b2
a2
c2
b1
a1
150 100
1,000 500
INR mn
d2
2,000 1,500
Net Profit / Loss
c1
d1
50 0
0
-50 2010
2011
2012
2013
Financial Summary
Particulars
2012
2011
2010
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
• It reported total Income of INR XX mn in FY 20XX, registering an increase of X per cent over FY 20YY
Leverage Ratios
• It reported debt to equity ratio of X.XX in FY 20XX, an increase of X.X per cent over FY 20YY
2013
Profitability Ratios
• The 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 earned an operating margin of X.X per cent in FY 20XX an increase of X.X percentage points over FY 20YY
y-o-y change (2013-12)
Current Ratio Cash Ratio 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
SYRINGES & NEEDLES MARKET IN INDIA 2015.PPT
Decline
17
Private: Domestic Company – Company 2 (4/5) Business Highlights Description
News
Overview
Products
SYRINGES & NEEDLES MARKET IN INDIA 2015.PPT
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Private: Domestic Company – Company 2 – SWOT Analysis (5/5)
S
W
O
T
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