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Latest Articles in medical devices industry

Imports In Medical Devices Rise By 41% In FY22, Domestic Units Closing: AiMeD

AiMeD, an umbrella organisation of domestic medical device manufacturers representing the interest of over 1500 Manufacturers of Medical Devices pointed out that from 1,200 units, the numbers had gone up to 1,800 during the peak of the pandemic. Slowly, units started to shut down as imports from China kept on rising. Now, it is estimated that there are around 1,500 such units, and many more are on the verge of closing down

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A Booming Business

The Make in India initiative is trying to boost the medical devices industry but MNCs have already cornered significant market share.

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