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This chapter explores the evolving global med-tech industry, with a focus on India’s expanding market. It reviews advancements in artificial intelligence (AI), robotics, telemedicine, and wearable technologies that enhance patient care and diagnostic precision, accelerated by the COVID-19 pandemic. The chapter highlights the global medical device market’s growth, with North America leading in revenue and the Asia-Pacific region, especially China and India, experiencing rapid expansion due to increased healthcare investments. In India, the med-tech sector is poised for significant growth, potentially reaching $50 billion by 2025, driven by rising demand, government initiatives like the Production Linked Incentive (PLI) scheme, and investment opportunities. This chapter examines trends such as big data analytics, robotics, and medical start-ups, and the impact of COVID-19 on the industry. It also addresses challenges, including high import dependency and nontariff barriers, while emphasizing strategic measures and government policies aimed at fostering domestic manufacturing and achieving a self-reliant med-tech sector.

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The Global Landscape of Med-Tech Industry with Special Reference to the Indian Scenario

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  • 发表日期：

    2025年

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  • Varinder Garg

摘要

This chapter explores the evolving global med-tech industry, with a focus on India’s expanding market. It reviews advancements in artificial intelligence (AI), robotics, telemedicine, and wearable technologies that enhance patient care and diagnostic precision, accelerated by the COVID-19 pandemic. The chapter highlights the global medical device market’s growth, with North America leading in revenue and the Asia-Pacific region, especially China and India, experiencing rapid expansion due to increased healthcare investments. In India, the med-tech sector is poised for significant growth, potentially reaching $50 billion by 2025, driven by rising demand, government initiatives like the Production Linked Incentive (PLI) scheme, and investment opportunities. This chapter examines trends such as big data analytics, robotics, and medical start-ups, and the impact of COVID-19 on the industry. It also addresses challenges, including high import dependency and nontariff barriers, while emphasizing strategic measures and government policies aimed at fostering domestic manufacturing and achieving a self-reliant med-tech sector.