Insights and Opportunities, India’s Medical Devices | PBNS Exclusive Interview

Anchor Script ( From Interview)

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Touching heights in Medical Sector
New door of Opportunities

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The dedication of India is unmatched when it comes to providing a healthy living for its citizens. Along with adequate health infrastructure, the nation has also focussed on the growing opportunities for manufacturing medical devices in the country.

To gain more insights about India’s medical device industry, PBNS had a detailed conversation with the Chief Executive Officer (CEO) of Collateral Medical Private Limited, Nikhilesh Tiwari.

(00:00:40 – 00:00:52) – CEO Collateral Medical Private Limited, Nikhilesh Tiwari

India is among the top 20 markets for medical devices worldwide and the sector comprises large multinationals and small and midsized companies. CEO Nikhilesh highlighted the core medical devices manufactured in the country.

(00:01:09 – 00:01:33) + (00:15:17 – 00:16:00) – CEO Collateral Medical Private Limited, Nikhilesh Tiwari

In India’s medical device industry, there has been continuous momentum in the flow of incentivized investments. Further, the export scenario is expected to increase at a compound annual growth rate of 29.7% to reach Rs. 70,490 crore in 2025. CEO Nikhilesh explains more about the rising demand for Indian medical devices.

(00:08:40 – 00:09:04) – CEO Collateral Medical Private Limited, Nikhilesh Tiwari

To promote the medical device industry, the government has initiated several measures like the development of medical parks and PLI schemes. During this outbreak, the Indian government has also played a major role in helping not just its citizens but also supplying aid across the globe.

(00:33:47 – 00:34:16) + (00:02:22 – 00:02:49) – CEO Collateral Medical Private Limited, Nikhilesh Tiwari

The healthcare and medical device sectors have grown significantly in the last decade and various efforts have been laid to boost domestic production in the sector.

(00:24:58 – 00:25:19) + (00:27:08 – 00:27;28)

CEO Nikhilesh Tiwari also ascribed how the entire medical industry has worked round the clock to provide the essentials across the country during this unprecedented health crisis.

(00:21:49 – 00:22:42) – CEO Collateral Medical Private Limited, Nikhilesh Tiwari

India’s medical device industry is boosting at a tremendous pace and with the help of innovative skill up-gradation and enhanced policy frameworks, India is set to become a hub of Medical Device Manufacturing.

Source – https://www.ibef.org/industry/medical-devices.aspx