Investment and Localisation Opportunities in Indian Medical Device IndustryIndia is ranked as the 4th largest medical device market in Asia, the industry was valued at 11.5 bln EUR in 2023 and is projected to grow at a CAGR of over 21%, reaching 46 bln EUR by 2030. The industry is experiencing a transformative phase, fuelled by robust healthcare infrastructure expansion, government initiatives, increasing per capita income, and increasing healthcare awareness. This growth is expected to lead the India’s emergence as a strategic hub for affordable and innovative healthcare solutions.Below are details of key growth drivers: Indian government’s “Ayushman Bharat” scheme …
Localization Pressure in China’s Healthcare Industry
Localization Pressure in China’s Healthcare IndustryChina’s rising demand for healthcare products and especially medical devices has been a major growth driver for both international and domestic companies in recent years. But barriers to participate in the booming MedTec market as a foreign company are becoming higher, since the Chinese government is increasingly pushing for localization.How is China’s healthcare industry developing? China’s rising demand for healthcare products and especially medical devices has been a major growth driver for both international and domestic companies in recent years – supported by a general rise in accessibility and affordability of health services. Further increasing …