Market Overview
The India medical devices 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 outlook, growth, share, trends, and research of the industry.
Key Trends:
The India Medical Devices Market is undergoing a major transformation as hospitals, clinics, diagnostic centers, and home-care users increasingly adopt advanced technologies for better precision and patient outcomes. The rising demand for high-quality diagnostic imaging systems, surgical instruments, remote monitoring devices, and smart wearable technologies is reshaping the medical equipment landscape. Moreover, the shift toward personalized healthcare is boosting interest in devices such as continuous glucose monitors, portable ECG machines, and AI-powered diagnostic tools that support early detection and remote care. Additionally, the rapid adoption of telemedicine and digital health platforms is creating strong demand for connected devices that integrate seamlessly with healthcare apps and cloud-based patient management systems.
In addition, minimally invasive devices—including endoscopy systems, robotic surgery tools, and advanced infusion pumps—are gaining popularity due to lower recovery times and improved treatment accuracy. Domestic manufacturing is also becoming a significant trend, driven by Make in India initiatives that encourage companies to produce affordable, high-quality devices tailored to local needs. Furthermore, consumers are increasingly purchasing home-use medical devices such as pulse oximeters, digital thermometers, nebulizers, and BP monitors, driven by rising health awareness and proactive wellness habits. Together, these trends highlight a market moving rapidly toward innovation, connectivity, and patient-centric medical solutions.
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Market Growth Factors
The India Medical Devices Market is expanding steadily due to rising healthcare expenditure, supportive government policies, and increasing demand for quality care across urban and rural regions. Strong government initiatives—including the Production Linked Incentive (PLI) scheme, medical device parks, and regulatory reforms—are encouraging domestic production and reducing dependency on imports. Moreover, the growing burden of chronic diseases such as diabetes, cardiovascular disorders, and respiratory illnesses is accelerating demand for diagnostic and therapeutic devices across hospitals and home-care settings. Additionally, increasing penetration of health insurance and expansion of private hospital networks are driving investments in state-of-the-art medical equipment, especially in imaging, surgical, and monitoring categories.
In addition, the growth of diagnostic chains, wellness centers, and teleconsultation platforms is widening market reach by making healthcare technology more accessible and affordable. Rising disposable incomes and higher health awareness are encouraging consumers to invest in home-based devices for continuous monitoring and preventive care. Furthermore, collaborations between global manufacturers and local players are improving affordability, distribution efficiency, and technological innovation. Together, these growth drivers ensure that the India Medical Devices Market continues to expand—supported by policy momentum, growing healthcare infrastructure, and increasing demand for high-quality medical technologies.
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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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