Defining the Future of Diagnostics

This newsletter explores the evolving dynamics of India's trade landscape as rising tariff barriers and shifting bilateral relationships place Indian businesses at a pivotal crossroads. It highlights critical aspects shaping the country’s trade outlook, including India's export dependence on the US, the notable resilience of Indian exports in the face of global disruptions, key sectors at risk from tariff-related challenges, emerging opportunities in strategic trade partnerships, and potential scenarios for the future of global trade.

This edition delves into the evolving global trade landscape, highlighting how rising tariffs and changing bilateral relations present both challenges and opportunities for India. It emphasizes the need for Indian businesses to rethink their global strategies to remain competitive and resilient in a rapidly changing environment.

Saudi Arabia is rapidly emerging as a global hub for healthcare innovation, driven by its ambitious Vision 2030 agenda. With a healthcare market valued at US$ 67B in 2024—over half of which is healthcare delivery—the Kingdom is undergoing a sweeping transformation. By 2029, the delivery segment alone is projected to reach US$ 46B, creating major opportunities for investors, innovators, and global partners.

The MedTech industry is experiencing a profound transformation as Chinese companies move beyond their traditional role as low-cost manufacturers. Once known primarily for affordability, these firms are now emerging as global leaders in innovation, product quality, and international expansion—reshaping the narrative and redefining the future of medical technology.

India’s retail credit market reached $884B in FY24, fueled by economic formalization and rising incomes. Vehicle financing, now at $172B, is the second-largest segment after housing loans. Notably, two-wheeler financing has emerged as a key growth driver, supported by greater rural reach and improved credit access.

India’s potato market, valued at ~US$ 43B, makes up 26% of the country’s agriculture sector, driven by high consumption and strong production. The processed potato segment is projected to grow at a 6% CAGR, reaching 12M tonnes by 2030. The Philippines has become a key export market, accounting for 39% of processed potato exports in 2023, highlighting its strategic importance.

Thailand’s home renovation market is seeing strong growth, driven by government incentives, rising rental yields, and increasing foreign investment. Reduced ownership transfer fees and a 5.07% rental yield in Bangkok are encouraging property upgrades. Demand is also rising for smart-home tech and green solutions, with 15% of 2023 renovations focused on solar panels and energy-efficient appliances.

In the span of just a few centuries, a blink in historical terms, human life expectancy has more than doubled. What was once a rare privilege has become the norm, giving rise to a rapidly expanding 50+ demographic that is reshaping global economic and healthcare landscapes. This is not merely a demographic evolution; it represents a structural transformation. The 50+ population is emerging as a major driver of consumption, investment, and policy reform. At the same time, it is placing new and complex demands on healthcare systems, shifting focus from acute and episodic care to long-term chronic disease management, preventive health, and holistic aging solutions.