siliconindia

At present, the Medical Device Industry in India is evolving at a much faster pace and since there is constant innovation and research work driving the entire ecosystem, the Medical Devices are becoming more affordable and accessible in the market. And also thestartups are doing extremely well in terms of maintaining the standards and are slowly changing people’s mindset in the Medical Community. Since Medical Device Industry keeps fluctuating all the time in terms of product acceptability and technological advancements, implementation plays a vital role. However, with the help of Doctors and Healthcare Institutions, these startups are aiding the best possible results and are turning every ideainto a real time medical application. Moreover, with ‘Make in India’ initiative driving these startups, the entire Healthcare Community is favoring Indian made products, as it comes with better quality, affordability and reliability when compared to other Imported Medical Devices.Added to that, Indian Medical Devices Industry growing atabout 15 percent annually is expected to reach at least $25-30billion (1.36-2.04 lakh crores) by 2025, according to a report inMarch 2016 by Deloitte Touché Tohmatsu India. Having said that, the futures of medical devices in India are sure to change in the next few years as their products and services are bound to create an impact and are sureto revolutionize the entire Healthcare Industry in India. Inthis issue of startup city, we have listed ‘10 Best Startups inMedical Devices’. startupcity’s editorial board scrutinized the index through frequent discussions with out standing panel of industry’s top most CEOs, directors, VCs, and industry analysts,through out the year. The list features some of the prominent startups that are being able to innovate and bring products tothe market faster at a price point that is very attractive.