India emerges as a major player in medical devices in the world

India’s medical devices sector has been steadily growing in strength and significance in recent years. With a diverse and rapidly expanding healthcare market, India has become an increasingly attractive destination for medical device manufacturers and investors alike.

The sector benefits from India’s large patient population, rising healthcare expenditure, and growing demand for advanced medical technologies. Additionally, favorable government policies and initiatives aimed at promoting domestic manufacturing and attracting foreign investment have further bolstered the sector’s growth. India’s medical devices industry encompasses a wide range of products, including diagnostic equipment, surgical instruments, medical implants, and healthcare IT solutions. Research and Markets