The Leading Medtech Companies - 2022

A Healthcare Transformational Saga

There was a time in the recent past, especially before the pandemic, when at-home vaccinations, or home and drone delivery of medicine would have been things marveled at in a sci-fi tale. However, in the post-pandemic new normal, such marvels are our day-to-day reality. It is all thanks to the evolution of medical technology companies, which also boosted the COViD-19 vaccination drive across the globe.

“The Leading MedTech Companies – 2022,’ including Innvolution Imaging Technologies Pvt Ltd (IITPL), JVS Technologies Pvt Ltd, MedOnGo Health Pvt Ltd, etc., are the torchbearer in revolutionizing the Indian MedTech scenario further.

In India, with a valuation of $11 billion (as per government data) and a current global market share of 1.5%, the Indian Healthcare Minister, Mansukh Mandaviya, said in Sep 2022, that by 2030 Indian medical devices or MedTech sector have the capability to grow with the past decades CAGR of 10-12 percent and touch $50 mark. The Minister believed, the “Indian medical devices (MedTech) industry has the power to emerge as the global leader in manufacturing and innovation in the next 25 years. We are trying to build an ecosystem for innovation in medical devices and drugs, thereby enhancing the industry-academia linkages to a greater extent.”

In this regard, while IITPL, a Bengaluru-based start-up is on a mission to make cardiac care accessible to everyone; headquartered in Ahmedabad, Gujarat, JVS Technologies Pvt Ltd is transcending healthcare organizations into futuristic wellness brands with its innovative tech solutions; and MedOnGo Health Pvt Ltd intends to deliver primary care to the last man standing with all available means, including Smart Clinics, Health kiosks, Medicine Vending Machines, Tele-Consultations, and At-Home Care.

While reading their enthralling stories in the following pages of this exclusive edition of CIOLOOKINDIA, please also have a quick read of two crafty articles penned by our in-house editorial team for widening your perspective.