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Medical technology companies are extensively investing in technological innovation to enhance low cost digital and device solutions.
India is recognized as one of the fastest developing countries in the world with significant progress and growth across all sectors including healthcare, education, technology, finance and service industry. The healthcare industry in the country has evolved rapidly to 5269.05₹ billion in 2013 and is expected to grow at a CAGR of 17% by 2020, up from 11% in 1990. Growing and ageing population, economic development and increase in health awareness are primary factors that resulted in this growth.