Key Trends and the Way Forward for India The global medical devices market, valued at USD 637.04 billion in 2024, is projected to reach USD 893.07 billion by 2029 (CAGR 6.99%), driven by chronic diseases, aging populations, and technological advancements like AI, IoMT, and robotics. Key segments include In-Vitro Diagnostics (IVD) (USD 128.07 billion), Cardiology Devices (USD 67.95 billion), Diagnostic Imaging Devices (USD 47.81 billion), and Ophthalmology Devices (USD 55.28 billion). North America holds a 38.16% share, followed by Europe (27.3%) and Asia-Pacific (22%), with China and India as high-growth markets. India’s medical devices market, valued at USD 15.35 billion in 2023, is expected to reach USD 20.51 billion by 2029 (CAGR 5.35%) and potentially USD 50 billion by 2030 (CAGR up to 20%), fueled by government initiatives, rising healthcare spending, and medical tourism. Key Trends: Technological Advancements: AI-driven diagnostics, robotic surgery, 3D printing...