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Medical Devices Industry To Grow Beyond $50 Bn: CII-BCG Report

The Indian medical technology sector has the potential to touch $50 billion by 2025 if it continues to grow at 10-12 per cent annually. Globally, the medical technology market is expected to be $600 billion+ by 2025. India can capture 10 per cent of that share by 2025 if provided with adequate support and policy guidance, according to a CII and Boston Consulting Group (BCG) study.

Commerce Ministry Brings Export Of Medical Devices, Pharma Machinery Under EEPC

In a strategic move to address major export related concerns of the medical device and pharma machinery sector, the Government recently announced that EEPC INDIA formerly Engineering Export Promotion Council will henceforth handle the export related issues and promotional activities of the industry. It is understood that the government took this decision after lot of deliberation and suggestions from Pharmexcil who has been handling the sector till recently and the stakeholders, simultaneously.