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EY predicts India's global MedTech market share will surge to 10-12%, from 1.6%, by 2049, with the market tripling by 2030.
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.
The Indian medical device market, currently valued at USD 12 billion, is expected to reach over USD 50 billion by 2030.
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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EY predice que la cuota de mercado global de MedTech en India aumentará al 10-12%, desde el 1,6%, en 2049, con el mercado triplicado para 2030.