Published on Dec 23, 2024
Current Affairs
Indian Medtech sector 2024
Indian Medtech sector 2024

❖ The 21st Health Summit of the Confederation of Indian Industry (CII) was held under the theme of “Transforming Healthcare for Viksit Bharat 2047”.

❖ The Indian medical devices sector is estimated to be around $14 billion and it is expected to grow to $30 Billion by 2030.

❖ India is the fourth largest medical devices market in Asia after Japan, China, and South Korea.

❖ Also, India is among the top 20 global medical devices markets in the world.

❖ The Scheme for Promotion of Medical Devices Parks was launched with a ₹400 crore outlay, providing ₹100 crore each to Uttar Pradesh, Tamil Nadu, Madhya Pradesh, and Himachal Pradesh for infrastructure development.