August 29, 2025 3:34 PM
India’s MedTech sector to outpace global growth: CII-BCG report
The domestic medical technology (MedTech) sector is projected to grow at three times the global rate, according to a report by the Confederation of Indian Industry (CII) in collaboration with the Boston Consulting Group (BCG). Currently valued at around USD 16 billion, India’s MedTech industry accounts for only about 2 per cent of the nearly USD 680 billion global market. However, under the government’s Viksit Bharat 2047 vision, the sector has been identified as a strategic pillar of t...