Page 6 - ie2 August 2019

SPOTLIGHT
India’s medical devices sector:

Prospects and challenges

Growing disposable income, increasing spending in healthcare systems by both government as well as private parties,

and emergence of India as a sought-after medical tourist destination is leading to tremendous growth prospects in
the Indian healthcare industry. As a key component of that industry, the medical devices sector is also assuming

growing importance in the government and has been proclaimed as a Sunrise sector. To promote exports of this
industry, the government is encouraging EEPC India to participate in a number of exhibitions abroad, one such
exhibition being the India Engineering Pavilion in Ethiopia in January 2020. This article looks at the major dynamics

of the Indian industry vis-à-vis the global industry with special emphasis on industry structure, trade trends, and
importance of Africa as a major exports destination. It also critically explores the regulatory environment of the Indian

medical devices sector in an attempt to identify issues that may impact its growth.

6 l INDIAN ENGINEERING EXPORTS l AUGUST 2019