India Medical Devices Industry Research 2024: National Medical Devices Policy 2023 Spurs Growth, Fitness and Mental Health Wearables See Unprecedented Growth - Forecast to 2029 [Yahoo! Fin...
Koninklijke Philips N.V. NY Registry Shares (PHG)
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Source: Yahoo! Finance
The Indian medical devices market is significantly smaller than other overseas markets. However, macroeconomic factors suggest there is huge potential for double-digit growth of the Indian medical devices market. The evolving behavior of consumers, along with proactive patients and consumers, is driving the medical devices market. Manufacturers of medical devices create and produce these instruments either as standalone items or in combination with others to aid in diagnosing, preventing, monitoring, treating, and alleviating diseases. This industry benefits from supportive government policies, including provisions that allow up to 100% foreign direct investment (FDI) through the automatic route. The growing demand for advanced and specialized medical equipment is driven by the rapid expansion of luxury healthcare and medical tourism sectors. Market trends: Multiple organizations have been leveraging predictive analytics models by accumulating key patient vital signs, observati
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PHG
Earnings
- 1/29/24 - In-Line
PHG
Sec Filings
- 10/28/24 - Form 6-K
- PHG's page on the SEC website