Medical technology in India – a health check

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Lack of access to larger foreign markets deters investors from supporting medical technology companies in India, unlike pharmaceutical and vaccine companies which have a strong overseas presence. (Prasesh Shiwakoti Lomash / Unsplash)

Synopsis

The medical technology device industry may be showing a gradual increase in the wake of the pandemic, but several issues plague the industry even now, hampering its true potential.

Hit by the Covid-19 Black Swan event and supported by government pressure to become self-sufficient in manufacturing, India’s medical technology sector may have seen a recovery in recent times with a number of companies pulling themselves together. turning to produce non-traditional medical equipment. But medtech players say there are quite a few lingering concerns that prevent them from realizing their true potential despite the critical role played by the industry, which

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