India’s MedTech Industry: From Import Reliance to Global Powerhouse
India’s MedTech industry is transforming from an import-reliant market to a global innovation hub. Driven by regulatory reforms, digital integration, and domestic manufacturing initiatives, the sector is projected to grow from $12 billion in 2023 to $50 billion by 2030. Key challenges include import dependence, infrastructure gaps, and high R&D costs.
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