India’s medical electronics market will grow to $11.7 billion by 2017, as against the current valuation of $6.5 billion, by helped by increased
awareness for healthcare delivery system in the country.
This encouraging growth projected for the industry is due to the increased awareness about the benefits of healthcare delivery system, lifestyle diseases,
exploding population and increased middle-class income.
The next generation technologies like wireless body networks, bio-sensors, micro fluids, micro electro mechanical systems and Nano-electro mechanical systems
are going to create a revolution in the field of advanced diagnosis for creating a better healthcare delivery system in India.
To protect the integrity and quality of healthcare delivery systems on a national scale, the Ministry of Electronics and Information Technology (MeitY)
strategically focusing on the crucial role of Electronics in the field of Medical application.
This year’s Medical Electronics Innovation 2016 Summit with intellectual guidance form MietY, will focus on channelizing these excellence towards building indigenous innovations in the health sector which will be in sync with the 'MAKE IN INDIA' initiative in the field of Medical Electronics.
The Indian healthcare IT market is valued at $1billion (about Rs 6,650 crore) and is likely to grow about 1.5 times by 2020
Healthcare software segment generated revenues of 124.3 million in 2015 and is likely to grow at a compounded annual growth rate (CAGR) of 11% over the next five years
The worldwide health tech market is estimated to grow at a CAGR of 6% to $25 billion by 2020
Sharp increase in Indian health tech start-ups, attracting funding worth over $120 million since last year
Over the next decade, healthcare predictive analytics and cloud computing solutions are likely to grow rapidly
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