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Indian MedTech market to touch Rs. 55,040 crore by 2020: ASSOCHAM-MRSSIndia.com

Indian MedTech market to touch Rs. 55,040 crore by 2020: ASSOCHAM-MRSSIndia.com

May 04, 2018, at 10:05 pm

New Delhi, May 4 (IBNS): The Indian MedTech market may see twofold rise as its size in value terms is likely to reach Rs. 55,040 crore by 2020 from the current level of Rs. 26,048, growing at a compounded annual growth rate (CAGR) of 15 per cent against the expected global industry growth of 4-6 percent, according to an ASSOCHAM-MRSSIndia.com joint paper.