Group items tagged

The Indian government recently approved 100 percent foreign direct investment (FDI) in medical devices through automatic approval route. This move has been received with mixed reactions from domestic medical device manufacturers.According to Future Market Insights (FMI), "Manufacturers in the Indian medical devices industry are increasingly shifting towards importing and trading rather than investing in manufacturing; and with the introduction of this policy, domestic manufacturers might experience a further decline in revenue."

The global healthcare services and medical equipment market is expected to witness significant contribution from biophotonics. Rise in aging population, key healthcare reforms and government supported initiatives, IT integration in healthcare sectoras well as increasing prevalence of chronic diseases are among the prominent factors that are driving the demand for bio photonic products across the globe.