Download - Market analysis of healthcare sectors
VIT BUSINESS SCHOOL
Market Analysis of
Healthcare Sectors COMPANY NAME: GE HEALTHCARE
PRODUCTION
Anamika Dey
Contents
VIT Business School: ............................................................................................ 3
Introduction to Healthcare Sectors: ....................................................................... 4
INTRODUCTION TO GE HEALTHCARE ..................................................................... 5
TYPES OF PRODUCTS IN GE HEALTHCARE: ............................................................. 6
Market Share Analysis ........................................................................................... 7
TURNOVER OF THE COMPANY ............................................................................... 8
BARCHART REPRESENTING TURNOVER & NO.OF EMPLOYEES ............................... 9
Capital Labour Ratio ............................................................................................. 10
Company Analysis ................................................................................................ 11
CONCLUSION ....................................................................................................... 12
REFERENCE: ......................................................................................................... 13
VIT Business School:
VIT University was established in 1984 by well-known educationalist and former
parliamentarian, Dr. G. Viswanathan, Founder and Chancellor. Dr. V. Raju, Former
Professor of State University of New York, USA, currently the Vice Chancellor, Dr. Anand
A. Samuel, Pro-Vice Chancellor. Chennai Campus is in Vandalur-Kelambakkam Road.VIT
University has more than 17 Bachelor’s and 32 Masters’ programmes, 29000 (including 1000
foreign students from 44 countries) and 4000 faculty members
Accreditation:
The National Assessment and Accreditation Council (NAAC) of the University Grants
Commission (UGC) has accredited the university with a 'A'.
The Institution of Engineering and Technology (IET), and the Energy Institute, UK have
audited the teaching-learning processes at VIT and accredited the programmes in 2004, with
the highest validity of five years
Programmes at VIT are accredited by the Institution of Engineers, India (IEI).
The Accreditation Board for Engineering and Technology (ABET) of the USA accredited the
Civil, Mech, CSE, biomedical, ECE, EEE programmes.
VIT Business School, under the aegis VIT University has created a niche for itself as an
institution promoting excellence in management education and research with Dr. M J Xavier as
its Executive Director.
Introduction to Healthcare Sectors:
The health care industry, is an aggregation of sectors within the economic system that
provides goods and services to treat patients with curative, preventive, rehabilitative, and
palliative care.
The Global Industry Classification Standard and the Industry Classification Benchmark
further distinguish the industry as two main groups:
1.Health care equipment and services; and
2.Pharmaceuticals, Biotechnology and related life sciences.
The health care equipment and services group consists of companies and entities that
provide medical equipment, medical supplies, and health care services, such as hospitals,
home health care providers, and nursing homes. The latter listed industry group includes
companies that produce biotechnology, pharmaceuticals, and miscellaneous scientific
services.
INTRODUCTION TO GE HEALTHCARE
GE Healthcare is one of the biggest manufacturing industry for Biomedical Instruments. GE
Healthcare is a subsidiary of General Electric (GE), headquartered in Little Chalfont,
Buckinghamshire, United Kingdom.In India it is located in Bangalore.
Some of the major competitors are:
Johnson & Johnson
Siemens Healthcare
Medronics
Baxter International
Abbott Laboratories
Boston Scientific
Covedian
Becton Dickinson
Stryker Corporation
TYPES OF PRODUCTS IN GE HEALTHCARE:
CT-Scan
MRI Scan
Patient monitoring
Anesthesia Delivery
Diagnostic ECG
Haeodynamic Recorder
Mammograghy
PET/CT
Maternal/Infant Care
Radiography
Ultrasound
GE as a whole also deals with various types of goods other than medical
devices.Some of them are:
Cooktops
Dishwashers
Dryers
Filers & Accessories
Refrigerators
Microwaves
Water Heaters
Market Share Analysis
CAPITAL TURNOVER:
SL NO. NAME OF THE COMPANY TURNOVER
1 GE HEALTHCARE 1,46,045
2 SIEMENS HEALTHCARE 11818
3 JOHNSON & JOHNSON 71,312
4 MEDTRONIC 17,005
5 BAXTER INTERNATIONAL 15,259
6 ABBOTT LABORATORIES 21,848
7 BOSTON SCIENTIFIC 7,143
8 COVIDIEN 10,235
9 BECTON DICKINSON 8054
10 STRYKER CORPORATION 9,021
TURNOVER OF THE COMPANY
The above pie chart represents the turnover of the different companies
in percentage.
GE has the highest turnover of 46 % followed by Johnson & Johnson.
The market share of GE is 262.99 billion.
22%
4%
46%
5%
5% 7%
2% 3% 3% 3%
johnson & johnson
siemens healthcare
GE
medronics
baxter international
abbott laboratories
boston scentific
covidian
becton dickinson
stryker corporation
BARCHART REPRESENTING TURNOVER & NO.OF EMPLOYEES
The Barchart represents the Turnover and Number of Employees together
in different companies.
It shows that GE has the highest turnover as compared to its major
competitors, Johnson & Johnson and Siemens.We see that Siemens has the
highest number of employees but the turnover is very less because higher
number of employees need to be paid and on the other hand the production is
low.
0 50,000 1,00,000 1,50,000 2,00,000 2,50,000 3,00,000 3,50,000 4,00,000
johnson & johnson
siemens healthcare
GE
medronics
baxter international
abbott laboratories
boston scentific
covidian
becton dickinson
stryker corporation
TURNOVER & NO.OF EMPLOYEES
number of employees turnover
Capital Labour Ratio
Labour turnover is the rate at which an employer loses and gains
employees.
0 0.1 0.2 0.3 0.4 0.5 0.6
1
2
3
4
5
6
7
8
9
10
LABOUR TURN OVER RATIO
labour turn over ratio
Company Analysis
WEKA (Analysis for one month)
SPSS(For one month)
Model Summary
Model R R Square
Adjusted R
Square
Std. Error of the
Estimate
1 .581a .338 .264 .130
a. Predictors: (Constant), lagprc, lagvol
The forecasted price is similar to the actual
price with 98% accuracy.
0
5
10
15
20
25
30
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22
actualprc
forecasted
CONCLUSION
Turnover:
The pie chart shows that the turnover of GE Healthcare is higher with a
turnover of $1,46,045 billion followed by Siemens and
Johnson&Johnson.Therefore GE has the highest sales turnover in the global
market.
Turnover and Number of Employees:
GE has the highest turnover as compared to its major competitors, Johnson &
Johnson and Siemens. Siemens has the highest number of employees but the
turnover is very less because more capital is required to pay wages to the
employees rather than using the capital in Production of Goods.
Weka Forecasting:
The Forecast in Weka shows leaps and bounds in the beginning but eventually
it gives a higher prediction for volume .
SPSS Prediction:
The SPSS forecast for GE Healthcare shows that the price rises and becomes
stable at a certain level with higher accuracy as compared to the actual price.
REFERENCE:
www.wikipedia.com
www.nseindia.com
www.nyse.com
www.gehealthcare.com
For Further details Contact:
Dr P James Daniel Paul, Professor, VIT- BS, Chennai, [email protected] Tel: +91 44 3993 1040 HP: +91 98402 94590 Anamika Dey,Student,VIT-BS,Chennai [email protected] Ph.No: 8608270511