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Indian Medtech Firms Expand Globally Amid Import Challenges

Why in the news? India’s medtech industry is rapidly growing, focusing on exports to global markets despite importing 80-85% of medical devices, and aims to achieve self-sufficiency within five years. Current Market Scenario and Growth Potential India’s medtech industry is growing rapidly, projected to increase from $12 billion in FY21 to $50 billion by 2030 …

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