Indigenous medical device and diagnostics market growing at 6% crosses Rs 36,000 crore
The market of indigenous medical device and diagnostics is worth Rs 36,400 crore growing at 6 per cent for 2018-19. Indian medical device and diagnostics market comprises of over 800 companies. The domestic medical devices market is highly fragmented with less than 100 companies generating a revenue of over Rs 50 crore per year. The growing demand for quality healthcare and the absence of matching delivery mechanisms pose a challenge and certainly a great opportunity.
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