Healthcare is one of the important industry fields all around the world, playing a pivotal role in nurturing an individual and in turn the world at large. Under this industry, the highly innovative Medical Device Market holds a key position, as the state-of-the-art technologies tremendously improve an economy’s healthcare offering.
India is among the top-20 markets for medical devices in the world and 4th largest in Asia (after Japan, China and South Korea), wherein the Market size is expected to reach $50 billion by 2025.
As per government estimates, India's medical devices industry is pegged at a $5.2 billion, and as per a Deloitte report, its 15.8% growth rate is more than double of the global industry growth rate of 4-6%
