Medical Devices Manufacturing Industry in India - A $5.78 Billion Opportunity by 2020, Reveals New Market Research Report by NOVONOUS
Medical Devices Manufacturing Industry in India is expected to be worth US$ 5.78 billion by 2020, finds a new research report launched by NOVONOUS. Indian medical device manufacturing market is expected to grow at a CAGR of 15% by 2020. Indian Medical Devices and Equipment industry is an import-led market and about 70%-80% of finished goods and related components are sourced from foreign countries. This trend is expected to continue till 2020.
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