List of Top Medical Device Companies in India
The healthcare and medical device companies sectors have grown significantly within the last decade. There’s an enormous gap within the current demand and supply of medical devices in India and this provides a big opportunity for manufacturing devices in India.
The medical device industry has invented and developed uncountable amounts of medical devices, which are used daily for also uncountable sorts of medical treatments and therapies. Medical devices are available during a wide selection of sizes or are size adaptable to match most patients’ needs and anatomical differences.
India has rock bottom per capita spend of US$ 3 on medical devices among BRIC countries like China (US$ 7), Russia (US$ 42), and Brazil (US$ 21). At the present, many medical device manufacturers (domestic and international) are chasing this massive under penetration of medical devices in India as a big growth opportunity.
India is among the highest 20 global markets for medical devices; the market is predicted to extend at a 35.4% CAGR to succeed in Rs. 352,450 (US$ 50 billion) in 2025 from Rs. 77,539 crore (US$ 11 billion) in 2020.
The medical devices sector in India comprises large multinationals and little and midsized companies. Johnson & Johnson is one of the top medical device companies in India.
California is home to more medical device companies than any other U.S. state, with a dense network of high-tech firms and a talented workforce.
There are more than 3,000+medical device Companies in India and over 50,000+ medical device Companies in the United States.
The Government of India (GOI) has commenced various initiatives to strengthen the medical devices sector, with emphasis on research and development (R&D) and 100% FDI for medical devices to spice up the market. From April 2000 to June 2020, FDI inflows within the medical and surgical appliances sector reached US$ 2.13 billion. (Source IBEF)
The top 10 Medical Device companies in India are the following:
- Johnson & Johnson
- Novartis AG
- Abbott Laboratories
- Medtronic PLC
- Baxter International
- Danaher Corporation
- General Electric
- 3M Company
- Siemens Healthineers
- Stryker Corporation
Let’s have a look at the list of medical device companies in India with their key decision-maker contact information.
Comofi Medtech
Industry: Medical Devices
Number of employees: 11–50
Location: Bangalore, Karnataka, India
Comofi Medtech is a Medical Devices company and has headquarters in Bangalore, Karnataka, India. Comofi Medtech has 11–50 employees. Comofi Medtech has raised ₹21.5M.
Molbio Diagnostics
Industry: Medical Devices
Number of employees: 51–200
Location: Verna, Goa, India
Molbio Diagnostics is a Medical Devices company and has headquarters in Verna, Goa, India. Molbio Diagnostics has 51–200 employees. Molbio Diagnostics has raised $32441208.
Axio Biosolutions
Industry: Medical Devices
Number of employees: 51–200
Location: Bengaluru, Karnataka, India
Axio Biosolutions is a Medical Devices company and has headquarters in Bengaluru, Karnataka, India. Axio Biosolutions has 51–200 employees. Axio Biosolutions specializes in medical products. Axio Biosolutions has raised $5.2M.
Hearing Wellness Clinic
Industry: Medical Devices
Number of employees: 11–50
Location: Bengaluru, Karnataka
Hearing Wellness Clinic is a Medical Devices company and has headquarters in Bengaluru, Karnataka. Hearing Wellness Clinic has 11–50 employees.
For the complete list of medical Device companies in India, you may check this link.
This article originally published on EasyLeadzes.
