While India’s medical device industry has grown at a steady 14%–15% annually for most of the last decade, it only accounts for 1.5% of the global market. Now the country’s federal government has created a far-reaching policy with the goal of spiking growth to over 20% for the next decade. Read...
India's Government Incentivizes Medical Device Production
The Indian government has announced that it will set up special infrastructure for the manufacture of medical devices. Domestic production meets only 30% of the country’s requirement; most devices manufactured currently in India are low-end ones. The Medical Device Daily reports that the Association of the Indian Medical Device Industry...