India’s medical device industry is set to expand dramatically, projected to reach $250 billion by 2047 from approximately $14 billion today. This forecast was presented at the India Medical Device 2026 conference, highlighting the sector’s potential driven by rising healthcare demand, advanced technologies, and government initiatives. Key discussions focused on the importance of developing a robust ecosystem for medical equipment servicing and maintenance, enhancing domestic manufacturing, and establishing an export-oriented industry. A report on AI in MedTech was released, emphasizing AI’s roles in diagnostics and healthcare innovation while addressing regulatory challenges. The conference underscored collaboration among stakeholders to position India as a global leader in medical technology.
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Link to original article source: https://medicalbuyer.co.in/indias-medical-device-industry-charts-path-to-250-billion-by-2047/
