Indian Healthcare Equipment - Making a Mark on the International Canvas

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Indian Healthcare Equipment - Making a Mark on
the International Canvas How has the Indian
healthcare equipment industry evolved over the
past decades? The Indian healthcare system
has been built on a robust foundation
since ancient times. There is historical
evidence that during the times of the Buddha,
in the 6th century BC, there were hospitals in
India. Even Ashoka The Great had built top-class
hospitals during his reign. Cut to the modern
era, India has taken giant strides in radically
minimizing threats from polio, smallpox,
and guinea worms. Theres also
been phenomenal improvement in mortality
rates, immunization, and life expectancy. Massive
technological advancements in Artificial
Intelligence, Machine Learning, Robotic
Process Automation (RPA), etc., have
significantly impacted the growth trajectory
of this sector. What is the current
status of the healthcare equipment
products industry? India is among the top 20
countries in medical equipment in the
world. From the current estimated worth of
around 10.36 billion, the industry is on course
to grow at 37 CAGR to reach the 50 billion mark
by 2050. Foreign Direct Investment in the
medical and surgical equipment sector crossed
2.3 million between Apr 2000- Dec 2021. The
diagnostic imaging sector is scheduled to
grow at a CAGR of more than 13 between
2020-2025. Despite appreciable growth in the
number of healthcare manufacturing companies,
India is still about 75 import dependent. Export
is expected to touch 10 billion by 2025. To
boost the production of critical medical
devices, the government of India
introduced an incentive plan of nearly 5 billion
to be utilized by 2025.
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What are the critical equipment company?
factors
in choosing
a healthcare

• If you are considering partnering with a
  medical device contract manufacturer, do
  factor in the following points before finalizing
• Technical expertise
• Supply chain efficiency
• Post delivery/installation service
• Operational guidance
• Order processing time
• Pricing model
• Payment terms
• Openness to innovation and technological change

Who can guide manufacturer?
me in
selecting
a healthcare equipment
Industry Experts have the market knowledge and
resources to help you select the best medical
device manufacturer from among some of the best
healthcare product companies with a broad
spectrum of equipment to suit your needs.