market research report : pet scanner market in india 2013

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PET Scanner Market IndiaPET Scanner Market – India

March 2013

Executive Summary

Market

PET scanner market in India was pegged at INR ‘b1’ bn in 2011 and is expected to grow at a CAGR of x1% till 2015e

Rising demand from non‐metros and tier II cities will result in a higher number for PET scanners b i ldbeing sold

Drivers: Increasing number of cancer casesI i di l di

Challenges: High costs and operational requirementsDrivers &

Challenges

Increasing cardiovascular diseases Growth in private hospitals and diagnostic centers Changing demographic structure Increasing healthcare spending

requirements Lack of insurance coverage for PET scans

Increasing healthcare spending

Hybrid ImagingNew PET Tracers

TechnologicalTrends

CompetitionMajor Players

Company 1 Company 2 Company 3

2PET SCANNER MARKET IN INDIA 2013.PPT

•Economic Indicators•Introduction•Market Overview•Drivers & Challenges•Technological TrendsTechnological Trends•Competitive Landscape•Strategic Recommendations•Strategic Recommendations•Appendix


Economic Indicators (1/3)

a2a1

INR tn

14b4c4b3

GDP at Factor Cost: Quarterly

d3

a2b2

c2

d2

a1b1

c1

d1

13

12

11

d4c3

Q2Q1

10

Q4Q32012‐132011‐122010‐112009‐10

Inflation Rate: Monthlyy

0 8

1.0

%

ca

0.2

0.4

0.6

0.8

edb

4

0.0

Nov 2012 ‐ Dec 2012Oct 2012 ‐ Nov 2012Sep 2012 ‐ Oct 2012Aug 2012 ‐ Sep 2012Jul 2012‐ Aug 2012

PET SCANNER MARKET IN INDIA 2013.PPT

PET is a form of nuclear imaging that is useful for detecting cancer, brain disorders, heart conditions and other diseases

•Positron emission tomography is a noninvasive and painless molecular imaging technology that allows physicians

Positron Emission Tomography

Positron emission tomography is a noninvasive and painless molecular imaging technology that allows physicians to determine how organs and tissues inside the body are functioning on a molecular and cellular level

•During a PET scan a patient is injected with a very small amount of a radiotracer such as fluorodeoxyglucose

Working of a PET Scanner

•During a PET scan, a patient is injected with a very small amount of a radiotracer such as fluorodeoxyglucose containing both sugar and a radioactive element which is absorbed by the tissues or the organ being studied

•Signals are emitted by the radiotracer which are received by an array of detectors contained in the PET scanner

•With the help of these signals, the metabolic activities are measured by the PET scanner and a computer reassembles the signals into imagesreassembles the signals into images

•PET is useful for diagnosing and determining the stages of various types of cancer such as lung, colorectal, esophageal lymphoma melanoma breast thyroid cervical pancreatic and brain cancers

Uses of PET Scanners

esophageal, lymphoma, melanoma, breast, thyroid, cervical, pancreatic and brain cancers

• It can detect the onset of neurological disorders such as Alzheimer's disease and other memory disorders

• It is useful in detecting cardiovascular diseases such as coronary artery disease and heart damage following a heart attack and can pinpoint areas of decreased blood flow, such as those with blockages, and differentiate living muscle from damaged muscle


living muscle from damaged muscle

Indian market for PET scanners is poised to grow at a steady rate in the coming years

• Indian market for PET scanners is expected to show

steady growth in coming years, providing strong

Market Overview Market Size and Growth (Value‐wise)

4

INR bn

1%g1

opportunities to present and potential players to

earn high revenues and increase their profits

In 2011, the market for PET scanners was valued at INR

‘b1’ bn, with sales of ‘b2’ units 1

2

3

4 x1% f1d1

c1b1

a1

By 2015, this value is expected to increase to INR ‘g1’ bn

and will see sale of about ‘g2’ units

• Average price of PET scanners in 2011 was INR ‘u’ mn

and is expected to fall to around INR ‘v’ mn by 2015

0

2015e2014e2013e2012e20112010

Market Size and Growth (Volume‐wise)and is expected to fall to around INR v mn by 2015

Despite falling prices, the greater volumes sold will result

in steady growth in the market

– Demand for PET scanners is fast arising from non‐metros and tier

II cities which will result in higher volumes sold 50

60 g2

x2% f2

Units

• Indian market is monopolized by three companies,

Company 1, Company 2 and Company 3

• Also, several technological advancements are taking

place which will lead to growth in the market 0

10

20

30

40 d2c2

b2a2


place which will lead to growth in the market 0

2014e2012e 2013e 2015e20112010

Drivers & Challenges – Summary

Drivers

Increasing number of cancer cases

Increasing cardiovascular diseases

G h i i h i l d

Challenges

High costs and operational requirements

Growth in private hospitals and diagnostic centers

Changing demographic structure

Lack of insurance coverage for PET scans

Increasing healthcare spending


Using computed tomography in combination with PET has brought together the best of the two imaging modalities

Fusion Imaging (1/2)

Computed Tomography (CT)

•Computed Tomography (CT) is a kind of diagnostic imaging technique that uses transmission imaging and is an advanced form of X‐Ray machines and these emit electromagnetic waves and capture those that pass through the body

•CT scanners provide cross‐sectional or two‐dimensional views of bones, organs, tumors, and other tissues in the body and is one of the primary tools of measurement in oncology evaluation

CT in combination with PET

•PET/CT scan combines the strengths of the two imaging modalities into a single scan

•While the PET scan provides images of the disorders inside the body at the molecular level, the CT scan provides a detailed picture of the body's internal anatomy

•At first the CT portion of the exam is performed in which X ray beams pass through the body from many•At first, the CT portion of the exam is performed in which X‐ray beams pass through the body from many different angles and sophisticated sensors measure the amount of radiation absorbed by the different tissues of the body after which the PET scan is performed

•Once the images are acquired, the data is processed on a special workstation which performs three‐dimensional fusion of the PET data with the CT data and the fused image represents the most comprehensive view of both


g p pthe form and function of disease available today

Competitive Benchmarking (1/4)

Key Ratios of Top 3 Companies – Operational Basis (FY 2012) (1/3)

6a1

% Net MarginOperating Margin

2

4

6

b1 b3a3

b2a2

0

Company 3Company 2Company 1

• Company 1 recorded operating margin of a1%, higher than that of both Company 2 which recorded operating margin of a2% and Company 3 which recorded operating margin of a3%

• Company 1 recorded net margin of b1%, higher than that of both Company 2 which recorded net margin of b2% and Company 3 which recorded net margin of b3%


Public: Foreign Company – Company 1(1/4)Company Information Offices and Centres – India

Corporate Address

Tel No.

Fax No.

Website

Year of Incorporation

Products and Services

Ticker Symbol

Stock Exchange

Key People

Products and Services

N D i ti

Category Products/Services

Medical Solutions

Head Office

Name Designation

Person 1 Chairman

Person 2 MD

Person 3 CFO

Service Programme


i i l S h K i

Public: Foreign Company – Company 1(2/4)Financial Snapshot Key Ratios

Particulars y‐o‐y change (2012‐11)

2012 2011 2010 2009

Profitability RatiosOperating Margin

Net Profit/LossTotal Income

10

INR bn

150 c28b2a27

INR bn

Net MarginProfit Before Tax MarginReturn on EquityReturn on Capital EmployedReturn on Working CapitalReturn on Assets

5

0

100

50

02012

d2d1

2011

c1

2010

b1

2009

a1

Financial Summary

• Company earned a net profit of INR X mn in FY 20XX, as compared to net profit/net loss of INR Y mn in FY 20YY

• Company reported total Income of INR XX mn in FY 20XX,

Return on Fixed Assets

Cost RatiosOperating costs (% of Sales)Administration costs (% of Sales)

Interest costs (% of Sales)registering an increase of X per cent over FY 20YY

• Company earned an operating margin of X.X per cent in FY 20XX adecrease of X.X percentage points over FY 20YY

Interest costs (% of Sales)

Liquidity RatiosCurrent RatioCash Ratio

Leverage RatiosDebt to Equity Ratio

b i l iKey Financial Performance Indicators

Indicators Value (29/01/2013)Market Capitalization (INR mn)

Total Enterprise Value (INR mn)

EPS (INR)

Debt to Capital RatioInterest Coverage Ratio

Efficiency RatiosFixed Asset TurnoverAsset TurnoverCurrent Asset Turnover

11

EPS (INR)

PE Ratio (Absolute)Working Capital TurnoverCapital Employed Turnover

Improved Decline


Public: Foreign Company – Company 1(3/4)Key Business Segments Key Geographic Segments

%100% 100%

%

100%

Region 2Region 1Segment 4Segment 3Segment 2Segment 1

d%c%

b%

a%

50%

0%

Information regarding business segments prior

to FY 2012 is not available

0%

50%

p4%

q4%

p3%

q3%

p2%

q2%

p1%

q1%

Business Highlights

2012 2012201120102009

Description Details

Overview• Healthcare business of the company was conducted through Company A which got amalgamated with Company 1 in Mar 2011

• Developed solar‐powered x‐ray machines at their manufacturing facility in Goa in 2010

D l d l d hi t th i f t i f ilit i G i 2010X‐Ray Products

• Developed solar‐powered x‐ray machines at their manufacturing facility in Goa in 2010

• Major products of the company in the x‐ray market are Model 1, Model 2, Model 3, Model 4, Model 5, Model 6 and Model 7

New Launches• It has incorporated three new healthcare products under its environment portfolio namely Somatom Definition Flash computer tomograph, the Axiom Luminos dRF fluoroscopy system and the Ysio X‐ray

12

Share Holding Pattern• l% is held by Company B while Public shareholding comprises m%% and other non‐institutional bodies comprise n%% as on 31st Dec, 2010


Public: Foreign Company – Company 1(4/4)

S W

TO


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market research report : pet scanner market in india 2013

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