Financial Express (India) reposted this
🔬 India’s Medical Device Sector: Heavy Reliance on Imports 🔬 Despite India's growing presence in the global medical device market, around 80% of medical devices are still being imported, posing significant challenges to domestic manufacturers. In an insightful article by Financial Express, Himanshu Baid, MD of Poly Medicure Ltd, discusses the hurdles faced by the industry, including high import dependence, regulatory barriers, and the need for more government support to boost local production. Key takeaways: 80% of medical devices in India are imported. Strengthening local manufacturing is essential for self-reliance. Regulatory reforms and investment in R&D are needed to unlock India’s potential in the global market. Read the full article here to explore the challenges and potential solutions: Sushmita Panda Sakshi Kuchroo Sumana Sarkar Roshun Povaiah Syed Fazal Bari #MedicalDevices #HealthcareInnovation #IndiaHealthcare #LocalManufacturing #PolyMedicure #SelfReliance #FinancialExpress
