2019
DOI: 10.5958/0974-360x.2019.01034.5
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Medical Device Industry in India: Past to Present

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“…Total expenditure on healthcare in India stood at only 3.9% of GDP, compared with 8.9% in Brazil, 6.2% in Russia and 5.2% in China. Out-of-pocket expenses amount to 61%, with just 25% of the population insured [ 37 ]. While medical device firms focus mainly on increasing life expectancy and enhancing the quality of treatment, affordability for a wide range of impacts needs to be increased.…”
Section: Medical Device Industry In India Statesmentioning
confidence: 99%
“…Total expenditure on healthcare in India stood at only 3.9% of GDP, compared with 8.9% in Brazil, 6.2% in Russia and 5.2% in China. Out-of-pocket expenses amount to 61%, with just 25% of the population insured [ 37 ]. While medical device firms focus mainly on increasing life expectancy and enhancing the quality of treatment, affordability for a wide range of impacts needs to be increased.…”
Section: Medical Device Industry In India Statesmentioning
confidence: 99%