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India launches 500 crore scheme to boost medical devices industry

The Indian government has launched a Rs 500 crore scheme to bolster the medical devices industry, focusing on manufacturing, skill development, clinical studies, and infrastructure. The initiative includes grants for common facilities, a marginal investment scheme to reduce import dependence, and support for clinical trials, aiming to enhance India's self-reliance and position in the global market. With a current market size of $14 billion, the sector is projected to grow to $30 billion by 2030, benefiting both industry growth and healthcare infrastructure.

Ashish Kyal recommends Poly Medicure and Fortis Healthcare for Muhurat trading

Ashish Kyal, CMT and CEO of Waves Strategy Advisors, predicts a challenging start to Samvat 2081, suggesting that Nifty could breach its August low of 23,893 in November, potentially targeting 23,300. For Muhurat trading, he recommends Poly Medicure and Fortis Healthcare, highlighting Poly Medicure's recent breakout and consistent upward trend since October 28.

india's medtech industry poised for global leadership through innovation and collaboration

India is rapidly emerging as a global hub for medical technology, projected to reach a $50 billion market by 2030, driven by rising healthcare demands and government support. The industry benefits from a robust startup ecosystem, technological advancements, and a focus on innovation, despite facing challenges like regulatory hurdles and infrastructure constraints. Collaborative efforts between academia and industry are essential for fostering talent and developing cutting-edge medical solutions.

Indian Med-Tech industry aims for growth amid import challenges and innovation focus

India's Med-Tech industry is growing rapidly but faces challenges, particularly a heavy reliance on imported medical devices, with 80% sourced from abroad. To address this, companies like Poly Medicure are investing Rs. 500 crore to expand manufacturing and innovate in critical care, oncology, and cardiology, while also targeting growth in European, US, and Latin American markets. The sector aims to enhance healthcare outcomes and solidify India's position as a global leader in medical technology.
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