India is one of the top twenty markets for medical devices in the world and is growing at a rapid pace. At present, the medical device industry is at a critical stage. The medical technology sector can make great contributions in terms of economic growth, job creation and enhanced innovation in a more conducive environment. The ‘Make in India’ campaign is a major boon to the medical technology industry. At present, 70 percent of the medical equipments used in India are imported. With the government promoting the Indian manufacturers, we can significantly bring down the import dependency thereby reducing the healthcare costs.

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