Restraints & Challenges:
Increasing government initiatives such as financial assistance are expected to drive the market growth during the forecast period.
Increasing government initiatives to enhance product access and improve healthcare infrastructure by providing financial assistance are likely to create significant opportunities for market players and thus drive the market growth. For instance, in 2018, the Technology Development Board (TDB), Ministry of Science & Technology, and Government of India entered into an agreement with S3V Vascular Technologies Pvt. Ltd., a company manufacturing products for cardiovascular diseases. This agreement will provide financial assistance of US$ 130.3 Mn to the company.
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