India's market will grow quicker with regulation
This article was originally published in Clinica
Regulation can boost economic prosperity, through developing a competitive marketplace and an efficient, cost-effective healthcare sector. Milind Shah, managing director of Medtronic (India), says patients would also get the best available diagnosis and monitoring and that recover at a faster pace. Innovation and awareness drives are both important factors to medtech market development. The Indian market is growing at around 10-15% (cardiac devices: +20%), due to greater numbers of people who can afford private healthcare, and who are aware of healthcare options.