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Rapid Growth Projected in India’s Healthcare Market

Foreign Direct Investment in the medical device sector, gains in medical equipment and diagnostics expected to drive 15% annual growth through 2015.

The Indian healthcare sector is growing at a Compound Annual Growth Rate of 15% for the next five years and is projected to become a US$155 billion market by 2017, at which point it will be among the largest revenue-generating sectors in India, according to The Economic Times, Times of India.

India is progressing economically, with a shift from communicable diseases to lifestyle-related diseases. For example, India will become the global “capital” of diabetes in the decade to come.

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