Tag: Medical Industry

India’s Medical Technology Industry

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May 10 – There are many definitions of what is known as ”medical technology.” Officially, it is known as healthcare products (devices, equipments as well as consumables/ supplies) that are meant by its producer to be used particularly for investigative and/or therapeutic purposes.

There can be no superior illustration than India to demonstrate the requirement for medical technology for civilizing healthcare delivery. As the second most crowded country in the world, the supply of healthcare services falls considerably short of the demand. Existing health care delivery mechanisms are insufficient to meet the ever-growing needs of the Indian population, particularly in smaller towns/ rural areas. The limited healthcare facilities obtainable in the country are tilted more in favor of the rich and affluent class of population.

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