Medical technology in India — a health check

Medical technology in India — a health check


The lack of access to larger overseas markets deters the investors from backing medical technology companies in India, unlike pharma and vaccine firms who have a large foothold abroad. (Prasesh Shiwakoti Lomash/Unsplash)

Synopsis

The medical technology devices industry may be showing an incremental uptick on the back of the pandemic, but several issues plague the sector even now, hampering its true potential.

Struck by the Covid-19 Black Swan event and buoyed by the
government’s push to become self-reliant in manufacturing, the medical technology sector in India may have been on an upswing of late with quite a few companies pivoting to produce non-traditional medical equipment.

But medtech players say there are quite a few nagging concerns that prevent them from realising their true potential despite the critical role played by the sector, which

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