Opportunities and Risks of Indian Medical Device Regulations
Main Article Content
Abstract
Objective: This short article aims to provide an overview of the current state of the medical device industry in India. It aims to highlight the drivers of its growth and the challenges and risks it faces. The abstract sets the stage for detailed discussion throughout the article.
Scope: The Indian government has launched several incentives to increase the domestic production of medical devices. Factors such as government incentives, technological advancement, and updated regulations may all be the reasons for the growth of the medical device industry. They form the basis of the medical device market. There has been a significant advancement in the industry, which paved the way for both possibilities and problems.
Results: It encounters challenges and interruptions for a variety of causes. This article highlights the growth factors and the risks faced by the medical device industry in India in the present scenario.