India's medical devices industry to reach USD 50.1 billion by 2030: Report

According to the report, growth is being propelled by government initiatives such as National Medical Devices Policy (NMDP), Production-Linked Incentive (PLI) Scheme, Scheme for Promotion of Medical Devices Parks, and MedTech Mitra. The study assumes greater significance in the light of the Union Budget-FY27's renewed focus on bio-pharma research in the country.