The Indian medical devices industry has the potential to grow at 28 per cent yearly to reach $50 bn by 2030, Union Health Minister Mansukh Mandaviya said on Friday.The industry has the power to emerge as the global leader in manufacturing and .
The current market size of the medical devices sector in India is estimated to be $11 billion and its share in the global medical device market is estimated to be 1.5 per cent.
The Indian medical devices industry has the potential to grow at an annual rate of 28 per cent to reach $50 billion by 2030, Union Minister for Chemicals & Fertilizers and Health & Family Welfare Mansukh Mandaviya said on Friday.