The Indian medical devices industry has witnessed significant growth and transformation over the past decade. The sector has been on an upward trajectory, driven by factors such as the increasing prevalence of chronic diseases, rising incomes, and advancements in medical technology. The industry has also been boosted by government initiatives to improve healthcare infrastructure and increase access to affordable medical care.
Looking ahead, the Indian medical industry is poised for continued growth, and savvy players need to stay prepared for the following developments:
- Digital transformation – Telemedicine, e-pharmacies, and remote monitoring are some of the areas that have seen rapid growth.
- Medical tourism: India has emerged as a popular destination for medical tourism due to its highly trained doctors and affordable medical care.
- Research and development: With a large population and a high burden of disease, India presents significant opportunities for medical research and development.
Stay ahead of the competition by exploring the reasons behind the growth of the Indian medical device industry with our comprehensive infographic. Learn the main driving forces behind this shift and how to modify your strategies to outperform the competition.
