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, jamesdanielpaul.p@vit.ac.in Tel: +91 44 3993 1040 HP: +91 98402 94590 Anamika Dey,Student,VIT-BS,Chennai anumodest@gmail.com Ph.No: 8608270511