Experts attribute it to hurdles such as an underdeveloped supply chain, regulatory complexities, and talent gaps.
One of the key issues is the lack of a robust local supply chain, which was highlighted at this year's annual health conference ‘Scale-Up Health 2024'. Indian medtech companies struggle with a shortage of component suppliers, which limits their ability to scale operations and compete on pricing. Anish Bafna, MD and CEO of Healthium Medtech, emphasised that the country needed more component suppliers to support its growing manufacturing needs.
This story is from the September 16, 2024 edition of Business Standard.
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This story is from the September 16, 2024 edition of Business Standard.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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