By Biovoice News Editorial Team
The growing clout of medical technology sector is not just a testament to growing onus on innovation but also to the confidence of investors
By Biovoice News Editorial Team
In recent years , India has witnessed a transformative wave in its healthcare landscape , propelled by the dynamic and innovative contributions of its burgeoning medtech startup ecosystem . This intersection of technology and healthcare holds the promise of not only improving patient outcomes but also revolutionizing the delivery of medical services across the nation .
Medtech startups in India are redefining the boundaries of what is possible in healthcare . From advanced diagnostics leveraging artificial intelligence to wearable devices monitoring vital signs in real-time , these startups are at the forefront of technological breakthroughs . The infusion of innovation into traditional healthcare practices is fostering a paradigm shift , making healthcare more accessible ,
India is 4th largest medical devices market in Asia
Market size expected to reach $ 50 bn by 2030
efficient , and patient-centric .
Recognized as a Sunrise Sector of India under Make in India Campaign of 2014
As per a recent survey of medical devices clusters , India has about 21 such clusters in the country spreading over 9 states . The highest number of 6 medical clusters are in Uttar Pradesh , followed by 4 each in Maharashtra and Haryana , 2 in Karnataka , and one each in Andhra Pradesh , Gujarat , Rajasthan , Tamil Nadu and Telangana . There are 10 medical devices clusters in North & Central region , while 6 clusters are in West region and 5 clusters are in South region . There are some big medical devices clusters in Gurugram and Bhiwani in Haryana , Kanpur in Uttar Pradesh and Hyderabad in Telangana . Out of the 736 medical devices industries in 21 clusters , 147 are micro industries , 229 are small industries ,
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