Feature Stories

Combining local innovation & frugal engineering.

How Is The Medical Device Industry Changing The Healthcare System?

22 - May - 2024

The foundation of modern healthcare is knotted with the innovations brought by the medical device industry. Beyond pharmaceuticals and surgical expertise, medical devices are crucial in diagnosis, treatment, and patient care. According to a report by Grand View Research, the global medical device market size was valued at USD 425.5 billion in 2020 and is expected to grow at a CAGR of 5.4 per cent from 2021 to 2028. These devices play a major role in every healthcare sector, from the precision of blood testing to the diagnosis of specific health ailments through X-rays and biochemical analysers.

Visit Site

Chat with us