Chandra Ganjoo, Group Chief Executive Officer at Trivitron Healthcare, unfolded the intricate dynamics of the medical technology (MedTech) sector. She opened up about the technological leaps, personalized healthcare demands, and strategic collaborations that drive recent growth. Ms. Ganjoo sheds light on strategies employed by Indian MedTech companies for affordability, innovations...
The Indian medical device market is relatively smaller than other overseas markets but holds significant growth potential. But to fully capitalize on this potential, it is crucial to assess the country’s compliance with global standards and explore avenues for improvement. Image Source: Pixabay The Indian medical device market is relatively...
India is one of the fastest-growing markets in the global medical devices industry, faces a significant concern as 70 to 80% of the industry relies on imports. Import dependency is particularly worrisome, with a sharp increase of 48% recorded last year from both the USA and China. But Rajiv Nath,...
In India, robotic intervention can play a critical role in undertaking tasks which may be fatal to human beings. Gen Robotics, a Kerala-based start-up, is ensuring just that. The company began its operations with mere Rs. 10 lakh through the Start-Up Kerala programme and today, it is valued at Rs....
The newly announced National Medical Devices Policy 2023 aims to help the medical devices sector grow from the present US$ 11 billion to US$ 50 billion by 2030. But can this address the persistent import dependence issues plaguing the medical devices sector, given the 12-15% disability factor that impacts its...
Rajiv Nath, Founder and Forum Coordinator of AiMeD, opines that the government interventions helped the medical devices industry scale up production during the pandemic. During this period, domestic manufacturers were able to supply to the world in addition to meeting greater domestic demand, thereby demonstrating the potential of Indian medical...
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