Title: India’s Medical Device Sector
Indian medical device industry has a turnover of Rs. 78,000 crores. But, we import nearly 80% of the devices from the US, Germany, or China. The industry is expected to grow at the rate of 35 %. However, there are several challenges for the Indian medical device industries including, lack of human resources, technology, regulatory framework, backward integration, etc. Moreover, the device development needs domain knowledge that extends beyond the regular curriculum of many of the technical institutions.
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