Indian Pharmaceutical and Medical Devices Industry Outlook-2023
The Indian pharmaceutical industry is expected to maintain a steady growth rate of 8-10% in 2023 and is estimated to be worth USD 120 billion.
This growth is likely to be supported by the government's focus on healthcare, the rising trend of generics, and the increased investment in research and development.
The Indian Medical devices industry is expected to experience positive growth in 2023, with increasing demand for innovative products, rising healthcare expenditure, and higher adoption of medical technology.
The medical device industry is anticipated to grow at a CAGR of 10-12% over the next five years and is expected to be worth USD 30 billion by 2023.
The government's initiatives, such as Make in India, are expected to bolster further the growth of the medical devices industry in 2023.
To connect with our expert visit us at https://www.tecnovaglobal.com/sectors/pharmaceuticals-healthcare/
Or drop us a line at [email protected]
#india #marketing #pharmaceutical #unitedkingdom #managementconsulting #help #pharmaceutical #pharma #pharmacy #pharmacist #medicine #pharmaceuticals #healthcare #medical #health #pharmacists #covid #research #bioeconomy #pharmaceuticalindustry #biotech #pharmacylife #laboratory #drug #biotechnology #biology #news #consultingfirmsindia #Tecnovaindiapvtltd #Tecnova #Tecnovaglobal #india #businessadvisory #globalbusiness #epharmacy