Growth opportunities for India medical electronics

India Semiconductor Association (ISA), the trade body representing the Indian semiconductor and electronics industry presented a report on “Current status and potential for medical electronics in India.” The report that details its findings on the opportunities in the Indian medical electronics field was released by Dr. Devi Shetty of Narayana Hrudayalaya in the presence of Dr. Bobby Mitra, ISA chairman, Poornima Shenoy, ISA president and Vivek Sharma, convener of the ISA Medical Electronics Segment.
Some of the key findings in the report indicate that the Indian medical electronics market growth is taking place due to some key features which are unique to India such as changing demographics and age profile which is prone to spend more on healthcare; rise of lifestyle diseases and the need for their diagnosis; increasing awareness leading to the growth of preventive healthcare; increase in healthcare spend due to increase in healthcare insurance; growth in medical tourism to address international needs; and entry of corporates into the healthcare arena.Read more…

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