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flag EY predicts India's global MedTech market share will surge to 10-12%, from 1.6%, by 2049, with the market tripling by 2030.

flag EY India's report forecasts that India's share in the global medical technology (MedTech) market will grow from 1.6% to 10-12% within 25 years. flag The Indian medical device market, currently valued at USD 12 billion, is expected to reach over USD 50 billion by 2030. flag Key drivers for this growth include a skilled workforce, cost advantages, technological advancements, government support for domestic manufacturing, a growing elderly population, and increased focus on preventive healthcare.

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