The Indian MedTech export market presents a significant opportunity, valued at approximately US$2.6B in CY22. This sector has seen consistent growth, with a CAGR of 12% between CY18 and CY22. The US stands as the largest importer of Indian medical devices, highlighting the global demand for these products.
The following section delves into the burgeoning MedTech export market in India. It highlights the significant growth potential, driven by a diverse product portfolio, cost competitiveness, and increasing global demand. It also underscores the importance of regulatory compliance, effective distribution strategies, and the role of government schemes in this growth trajectory. Furthermore, it introduces Praxis's comprehensive toolkit for developing an effective export strategy, offering a roadmap for companies to navigate this promising landscape.