India, Nov. 30 -- image credit- shutterstock

The MedTech segment is now beginning to bloom for four reasons: policy stimulus, increased demand, favorable startup ecosystem, and increasing investments. According to the survey of medical devices clusters, 2023, the MedTech landscape has around 800 domestic medical device manufacturers, including 736 active units in 21 medical devices clusters spread over 9 states. Policy interventions like the Production Linked Incentive (PLI) scheme, Assistance to Medical Device Clusters for Common Facilities, and Medical Devices Park scheme are catalysing the domestic manufacturing of affordable (low-cost) medical devices in India. The nation's healthcare sector not only meets domestic needs but has also...