Medical Device and Equipment Sector in India: Towards Sophisticated Digital Healthcare Systems—An Overview

Abstract

Healthcare Sector in India is changing rapidly with different types of advancement including introducing latest systems and technologies. Latest Information Technology and Computing Systems have changed entire arena of traditional medical and healthcare operations. Subsystems of IT such as Networking, Website Systems, Database Systems, and Software Systems radically change the scenario. Medical and healthcare segment tremendously changed in last decade and as a result huge gap is noted in current demand and supply systems of medical and allied devices in India. At the same time this gap gives a wonderful opportunity in developing and manufacturing medical devices. Very recently many medical device manufacturers from domestic and international market are engaged in developing and marketing devices in India. The medical devices are growing and there are tremendous growths in the sector by individual efforts, joint initiatives, multinational companies, etc. Government policies and financial changes are also important to note for the significant growth in medical device sector in India. Due to different reasons India is the top 20 markets in the world as far as medical devices are concerned. This chapter is focused on medical devices especially on Indian market. Growth, various changes, market scenario, and policies are also depicted in this work.