Vivek Shah Chief Executive Officer Meril group
We delivered state of the art medical devices in 2023
C O V E R S T O R Y
Vivek Shah Chief Executive Officer Meril group
We delivered state of the art medical devices in 2023
The Indian MedTech sector is now at an inflexion point to move in the direction of exponential growth in terms of quantity , quality & its reach globally . The current market size of the medical devices industry in India is estimated at $ 11 bn . As per estimates by the
Government of India , the sector is pegged to grow at 28 per cent per year to reach a size of USD 50 Billion by 2030 . With the help of the NMDP 2023 , India hopes to become one of the world ' s top five manufacturing hubs and less dependent on imports in alignment with the ' Atmanirbhar Bharat ' and ‘ Make in India ’ initiatives . In 2023 , Meril has been successful in
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BioVoiceNews | January / February 2024