Indian Medical Device Manufacturers Witnessing Tremendous Growth
Unlike other industries in India, healthcare has been observed to be resistant to price sensitivity. Physicians and surgeons prefer the use of imported goods due to their superior quality and proven clinical records. But gradually, the market for locally manufactured good is rising in India. It is expected to grow by around 17% during 2012-2017 mainly backed by demand from expanding healthcare infrastructure in Tier II, III cities and rural regions. Trivitron, Phoenix Medical Systems, Transasia Bio Medicals Ltd. are...
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