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Medical technology in India — a health check

The lack of access to larger overseas markets prevents investors from supporting medical technology companies in India, as opposed to pharmaceutical and vaccine companies, which have a strong overseas presence. (Prasesh Shiwakoti Lomash / Unsplash)

summary

The medical technology industry may have seen a gradual boom amid the pandemic, but several issues are already plaguing the sector and hampering its true potential.

Affected by the Covid-19 Black Swan event and spurred on by the government’s drive to become self-employed in manufacturing, India’s medical technology sector may have been booming lately as some companies focus on manufacturing non-traditional medical devices focused. However, medtech companies say there are some nagging concerns preventing them from realizing their true potential, despite the crucial role the sector plays

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