Discussions

India’s medical devices industry is undergoing rapid transformation, driven by rising healthcare demand, supportive government policies, and increasing domestic innovation. Traditionally dependent on imports, India is now strengthening its manufacturing ecosystem with initiatives like “Make in India,” the Production-Linked Incentive (PLI) schemes, and the creation of dedicated medical device parks. These measures are designed to reduce import dependence, boost domestic production, and attract global investments.

The industry spans diagnostics, imaging equipment, surgical instruments, wearables, implants, and high-end technologies like ventilators and digital health solutions. Growing healthcare infrastructure, rising lifestyle-related diseases, and expanding insurance coverage have increased the demand for quality medical devices within the country.

India’s strong capabilities in software development and engineering are fueling advances in digital health innovations such as telemedicine tools, AI-based diagnostic platforms, and portable devices designed for rural healthcare. Startups are playing a major role in bringing cost-effective and scalable solutions tailored to the Indian market.

Moreover, regulatory reforms like the Medical Device Rules (MDR 2017) aim to align India with global quality standards, improving safety and encouraging exports. With competitive manufacturing costs, skilled talent, and increasing R&D investment, India is positioning itself as a global hub for medical device manufacturing.

Overall, India’s medical devices industry is poised for substantial growth, supporting both domestic healthcare needs and international markets through high-quality, affordable innovation.