Medtech Sector Hits Roadblock: Export Growth Proves to Be a Tough Challenge

India's medtech industry is confronting difficulties in the expansion of exports despite its rapid development and increased foreign demand for medical devices. Regulators have mentioned strict regulatory processes, heavy logistics fees, and limited overseas market access as key barriers to exports expanding.

Though India has emerged as a hub of low-cost and innovative medtech solutions, the lack of harmonized international standards and trade agreements continues to be a growth hurdle. The sector is urging the government to streamline export processes, improve infrastructure, and propel good trade policy.

Experts indicate that addressing these challenges can unlock huge potential for the medtech industry and further consolidate India's position as a global leader in medical technology. Firms are also focusing on scaling up R&D capabilities to international quality levels.

Source: Economic Times, Business Standard, The Hindu BusinessLine