Chief Executive Officer HealthCube
2023 witnessed growing demand for medical devices
C O V E R S T O R Y
Runam Mehta
Chief Executive Officer HealthCube
2023 witnessed growing demand for medical devices
In FY 2023 , India ' s medical devices market thrived , achieving substantial growth with revenue reaching INR 1,200.22 Bn and a projected expansion to INR 3,810.45 Bn by FY 2027 , boasting a robust CAGR of ~ 26.50 %. This growth is fuelled by rapid technological advancements , heightened healthcare awareness , and a growing demand for innovative solutions . The G20 New Delhi Leaders ' Declaration emphasized on the global
commitment to building a resilient healthcare system . Notably , Kerala , with the highest per capita health expenditure at Rs 9,871 and a wellstructured healthcare network , secured its position as the leading state in health for the third consecutive year , highlighting a pronounced focus by state governments on healthcare initiatives .
In 2023 , HealthCube achieved significant milestones , deploying close to 1000 devices in Uttarakhand , bolstering healthcare accessibility . The
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BioVoiceNews | January / February 2024