The India medicaldevices market size reached USD 18.02 Billion in 2024. The market is expected to grow to USD 30.64 Billion by 2033, exhibiting a growth rate (CAGR) of 6.08% during 2025-2033 driven by factors such as rising healthcare demands, increasing government investments in healthcare infrastructure, advancements in medical technology, an expanding elderly population, and the growing prevalence of chronic diseases. These dynamics are fostering the adoption of advanced diagnostic and therapeutic devices in the country. The report presents a thorough review featuring the India medical devices market growth, share, trends, and research of the industry.
Key Trends:
The India Medical Devices Market is experiencing rapid
modernization as healthcare providers increasingly adopt advanced diagnostic,
therapeutic, and monitoring technologies to improve patient outcomes. One of
the strongest trends shaping the sector is the rising adoption of digital and
connected medical devices—such as remote patient monitoring tools, wearable
health trackers, AI-powered diagnostics, and IoT-enabled hospital
equipment—which enable real-time data insights and smarter clinical decision-making.
Moreover, minimally invasive surgical devices, robotic surgery solutions, and
next-generation imaging systems are gaining traction as hospitals focus on
improving treatment accuracy, reducing recovery times, and enhancing overall
procedural efficiency.
Additionally, home healthcare is expanding at a fast pace,
driving demand for portable medical devices like glucometers, BP monitors,
nebulizers, ECG patches, and pulse oximeters. In addition, increased focus on
preventive health is encouraging consumers to rely on smart diagnostics and
self-monitoring solutions. The trend toward localized manufacturing—supported
by innovations in consumables, orthopedics, cardiovascular devices, and
diagnostic kits—is strengthening India’s self-reliance in medical technology.
Furthermore, advancements in 3D printing, biocompatible materials, and
personalized implants are opening new avenues for precision treatment.
Together, these trends reflect a market moving toward digital integration,
patient-centric solutions, and advanced clinical innovation.
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Market Growth Factors
The India Medical Devices Market continues to grow strongly
due to rising healthcare expenditure, improving hospital infrastructure, and a
growing emphasis on high-quality medical care. The increasing prevalence of
chronic diseases—such as cardiovascular disorders, diabetes, respiratory
illnesses, and cancer—is driving strong demand for sophisticated diagnostic and
therapeutic devices. Moreover, government initiatives under Make in India, the
PLI scheme, and the development of medical device parks are boosting domestic
manufacturing capacity and reducing dependency on imports. Additionally, rising
health insurance penetration and expanding access to private healthcare are
enabling more patients to undergo advanced medical procedures that rely heavily
on specialized devices.
In addition, the growth of telemedicine and digital health
platforms is expanding the reach of medical care to remote regions while
increasing demand for portable devices and connected diagnostic tools. Medical
tourism is another major growth driver, as India attracts international
patients seeking affordable and high-quality treatments, thereby increasing the
need for world-class equipment and hospital technologies. Furthermore,
collaborations between global med-tech companies, research institutions, and domestic
manufacturers are accelerating product innovation and regulatory compliance.
Together, these growth drivers ensure that the India Medical Devices Market
remains on a strong upward trajectory—supported by policy reforms,
technological advancements, and India’s growing commitment to accessible and
advanced healthcare services.
For more information, visit the India Medical Devices
Market: https://www.imarcgroup.com/india-medical-devices-market
Market Segmentation
Type Insights:
- Orthopedic
Devices
- Diagnostic
Imaging
- Cardiovascular
Devices
- Wound
Management
- Minimally
Invasive Surgical (MIS)
- Diabetes
Care
- Dental
Devices
- Ophthalmic
Devices
- In
Vitro Diagnostics (IVD)
- General
Surgery
- Others
End User Insights:
- Hospitals
and Ambulatory Surgery Centers (ASCs)
- Clinics
- Others
Regional Insights:
- North
India
- South
India
- East
India
- West
India
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Competitor Landscape:
The report offers an in-depth examination of the competitive
landscape. It includes a thorough competitive analysis encompassing market
structure, key player positioning, leading strategies for success, a
competitive dashboard, and a company evaluation quadrant.
Recent Developement & News
- March
2025: Zydus Lifesciences announced plans to acquire an 85.6% stake in
French medical devices company Amplitude Surgical for EUR 256.8 million
(approximately USD 280 million), aimed at expanding its global medical
devices portfolio, particularly in lower-limb orthopedics.
- March
2025: Apollo Hospitals declared intentions to increase investment in
artificial intelligence (AI) for automating routine tasks including
medical documentation, patient diagnosis assistance, transcription of
doctors' notes, and treatment suggestions, aiming to reduce workload for
medical staff.
- November
2024: The Indian government launched an INR 500 crore scheme focused on
strengthening domestic manufacturing, skill development, clinical
research, and infrastructure enhancement in the medical devices sector,
hailed as a "game-changer" by Union Health Minister J.P. Nadda.
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covered currently within the scope of the report, we will provide the same as a
part of the customization.
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