Medical Device Manufacturing Moves to India

Medical device manufacturers are migrating to India as medical pipelines in the west get seriously thin, said Professor Balram Bhargava of the All India Institute of Medical Sciences during a lecture at Judge Business School, Cambridge University. He also predicted that China, Israel and India would join forces in the next decade or so to develop devices for western consumption. India is “poised to lead in a decade of frugal and affordable innovation that will impact global economies,” he added.

Tags: frugal innovation, India medical device manufacturing, ofshoring