Recent industry data confirms that Latin America and Africa are emerging as vital growth engines for the global medical device industry. According to a March 2026 report by Technavio, the African medical devices market is projected to grow at an impressive CAGR of 8.1% through 2030, driven by rising healthcare expenditure, infrastructure development, and the […]

In March 2026, medical device manufacturers increasingly adopted multi-origin sourcing strategies to mitigate geopolitical, tariff, and logistics risks. This includes: Partial relocation of production from China to India and Southeast Asia Dual or multi-sourcing of critical components The shift is driven by growing supply chain vulnerability and global trade pressures, as medical devices rely on […]

The global Medical Technology (MedTech) market is projected to witness a compound annual growth rate (CAGR) of approximately 7% over the next five years, according to the latest analysis by Medi-Tech Insights. This expansion is fueled by a convergence of rising surgical volumes, an aging population, and a decisive shift toward proactive, technology-driven care. Industry […]

East Africa IVD Market Forecast to Grow SubstantiallyAccording to recent research, the East Africa in vitro diagnostics (IVD) market reached about USD 516 million in 2025 and is expected to grow to approximately USD 753 million by 2034, driven by improved diagnostic capabilities, AI-enabled testing and increased healthcare demand. https://www.openpr.com/news/4359593/east-africa-ivd-market-size-to-surpass-usd-753-2-million-by-2034

Indian IT services company LTIMindtree (LTIM.NS), opens new tab on Monday said it has secured a $100 million, seven-year deal with a Europe-based medical technology company that provides hearing solutions. The IT company did not reveal the name of the European firm. https://www.reuters.com/business/indias-ltimindtree-wins-100-million-deal-with-european-medtech-firm-2026-02-23/