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Indian Medtech sector 2024
December 23 , 2024
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- The 21st Health Summit of the Confederation of Indian Industry (CII) was held under the theme of “Transforming Healthcare for Viksit Bharat 2047”.
- The Indian medical devices sector is estimated to be around $14 billion and it is expected to grow to $30 Billion by 2030.
- India is the fourth largest medical devices market in Asia after Japan, China, and South Korea.
- Also, India is among the top 20 global medical devices markets in the world.
- The Scheme for Promotion of Medical Devices Parks was launched with a ₹400 crore outlay, providing ₹100 crore each to Uttar Pradesh, Tamil Nadu, Madhya Pradesh, and Himachal Pradesh for infrastructure development.
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