What it takes to drive innovation in India’s medical device sector

A report by KPMG and the Asia Pacific Medical Technology Association suggests that collaboration among stakeholders in India could advance development of high-quality medical devices. The report identifies key themes for sector growth, including supportive regulation, incentivised research, a robust digital infrastructure, increased public-private partnerships, conducive ecosystems, and workforce upskilling. Current focus is on transitioning the sector into a global powerhouse by encouraging local innovation and reducing healthcare costs while ensuring affordability and accessibility of medical devices.