Srinagar, Aug. 7 -- From prognosis to diagnosis, from safe delivery to critical brain & cardiac bypass surgery, from simple fracture to complex knee implantation, advancements in MedTech industry across the world has supported the medical fraternity to save lives and better the conditions of living. In India, the land of Susruta, Med Tech is considered a strategic sector and the Government of India is invested in its growth.

Driven by policy backing, cost advantages and capital inflows the sector is currently valued at approximately $16-20 billion with $4 billion in exports. From consumables to a number of high-end medical equipments are manufactured in the country. Domestic manufacturing jumped from about Rs 39000 Cr in 2019-20 to over ...