Patient monitoring devices have emerged as a critical component in the rapidly evolving landscape of healthcare, which have been instrumental in ensuring optimal care and improved patient outcomes. With the utilisation of advanced technologies like artificial intelligence (AI) and the Internet of Things (IoT), these devices are reshaping the methods employed to monitor patients' well-being. These new-age technologies provide real-time data, predictive analytics, and remote monitoring capabilities. Thus, these devices hold the potential to transform healthcare delivery in India.
The pandemic highlighted the need to strengthen the health infrastructure in the country. In a diverse and geographically complex nation such as India, technology has emerged as the panacea to the infrastructural gaps in the system. The launch of the National Medical Device Policy in 2023 by the government of India aims to propel the Indian medical device market from its current size of USD 11 billion to USD 50 billion within the next five years, which will boost the segment.
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