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Leveraging on the middle-class populations growing demand for non-invasive surgery and their inclination to spend out of pocket on expensive medical devices required for arthroscopic surgeries, the Health Ministry plans to support the production of local, high quality devices through Healthcare 2020, a long-term plan that encourages innovation and...

The global medical devices industry was valued at $545.38 billion in 2024 and is expected to reach $801.34 billion in 2029. Companies continue to focus on and invest in new product development to ensure long-term and sustained growth. The cardiovascular devices market attracted significant investments, especially in transcatheter technologies for m...