Medical devices

India's medical devices market is one of the fastest growing in the world, driven by factors such as its increasing population, rising middle class, and governmental support.

Nevertheless, the market is characterised by intricate regulations, posing distinct challenges for stakeholders. When coupled with cost constraints and insufficient investment in research and development, the sector experiences adverse effects. By implementing a well-defined regulatory roadmap, placing a stronger emphasis on Production-Linked Incentive (PLI) schemes, and leveraging the benefits of the Make in India programme, the industry is poised for an upward trajectory.