10 Best Medical Equipment Manufacturers - 2020

India's Medical Devices industry is currently evaluated at USD 5.2 billion. It is roughly contributing 4-5 percent to the USD 96.7 billion Indian health care industry. According to Make in India, which posted the stated facts, also says that about 750-800 medical devices' manufacturers in India, received an average investment of Rs. 170-200 million, generates an approximate turnover of Rs 450-500 million. The manufacturers of the medical devices industry in India include large multinationals and small and medium enterprises (SMEs), which are plagued with unprecedented growth. Presently, the medical device sector is projected for reaching to USD 65 billion industrial marks by 2024 and growing uniformly, the industry, as predicted, will reach the mark of USD 50 billion by 2025. Flaunted among the top 20 global medical devices market, India is the fourth largest medical devices' market in Asia, residing after Japan, China and South Korea. The strata of pieces of equipment ­ surgical and non-surgical instruments, forming the largest segment, are a non-fluctuating market, being in demand every time. With the plethora of private players proactively improving the healthcare industry with the increasing number of hospitals, diagnostic centers and specialized healthcare facilities, more and more medical equipment will be in demand in the following years. It is also become one of the international standard pieces of equipment in the remotest part of India, with 393 hospitals already receiving the National Accreditation Board for Hospitals and Healthcare Providers (NABH) accreditation in the last decade. In this issue of CEO Insights magazine, we present a list of `10 Best Medical Equipment Manufacturers - 2020', featuring the best of the medical equipment providers. The listing will provide the eminent names from the equipment manufacturing industries and these are selected by the industry veterans, CEOs and VCs, medical professionals and the CEO Insights editorial board.