India stands on a plethora of multiple paradoxical situations as far as the medical devices demand and supply imbalance is pictured. With a large population of 1.3 billion people and with almost 18% of the total population of the world living in India it is no rocket science to assume how much the potential of the demand for medical devices in our own country can be.

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February 23, 2015 — The global preclinical imaging market is expected to grow at a compound annual growth rate (CAGR) of 6% from 2014 to 2019, according to a new market research report from Life Science Industry Research.

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February 24, 2015 — The global market for medical imaging devices is expected to grow at a compound annual growth rate (CAGR) of 5.2% from 2014 to 2020, to reach an estimated value of $35 billion.

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Following a 13% reduction in profit at Siemens Healthcare during the previous quarter, the conglomerate is reportedly planning to cut 7,400 jobs companywide in a bid to achieve cost savings of €1 billion ($1.14 billion).

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