Medical Equipment Industry Report | Medical Equipment
For Mechanical, Electrical and Electronics Engineers
Domain : ELECTRICAL
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A career in the medical equipment industry allows you to leverage your engineering education in creating and maintaining equipment that can save lives. The medical equipment industry is broadly classified into four varied classes - consumables and implants, instruments and appliances, diagnostic imaging, and patient aids. This sector is prime to see an increase of 60,000 new jobs in the next 2 years alone. To help you start your career in the medical equipment industry, we have created this industry report to help you make prudent choices.
The medical equipment industry in India is divided into design and development and manufacturing and after sales services. The Indian medical equipment market is growing at a rate of 12% every year and is expected to reach a market cap of $50 billion by 2025, translating to a variety of jobs within the ecosystem. Engineering students can find meaningful employment in global healthcare providers like Philips, Abbott, Baxter, Braun and others. But, this is still a relatively niche field for most engineering students, which is why we have prepared this industry report to serve as a roadmap for your career.