India’s Medical Devices Market Has Huge Growth Potential, Informs GMR Data in Its Topical Report Available at MarketPublishers.com16 Aug 2016 • by Natalie Aster
LONDON – Nowadays, India holds a share of around 17% of the total global population number and a share of 20% of the worldwide disease burden. However, only 1.3% of the country’s GDP is spent on healthcare – it is far below than in other emerging countries.
Owing to the increasing proportion of non-communicable diseases (NCDs), which are usually treated or ameliorated with the use of different medical devices, the medical devices market in India is recognised as a high-growth potential country-wide market if compared with other healthcare market across the globe.
However, at present this domestic medical devices market faces a number of challenges, including strict regulations, industry anomalies and unfavourable policies.
The cutting-edge study “The India Medical Devices Market to 2026” worked out by GMR Data Ltd. opens access to reliable statistics and data on the performance of medical devices market in India. It contains info on the current medical device market scene, gives market forecasts through 2026, uncovers details on the top market participants, reviews the major customers, highlights the regulative landscape, touches upon the market-entry barriers and requirements and discuss the hottest industry related issues.
Many other reports prepared by GMR Data are provided at this page.