India MedTech Market Overview, 2030

The ""Make in India"" program, which prioritized domestic manufacturing and reduced dependence on imports, was a major factor in the revolutionary growth of India's MedTech industry. As a result of this legislation, both domestic and foreign businesses were encouraged to set up manufacturing plants in India, which resulted in affordable innovation that was catered to the nation's varied healthcare requirements. India's MedTech environment has grown quickly to address the disparity in healthcare between urban and rural areas as a result of persistent public health issues, such as a high incidence of non-communicable illnesses, infectious outbreaks, and a lack of access to diagnostic infrastructure. The introduction of point-of-care PoC testing, especially in low-resource contexts, was one of the most notable advances. Early detection and prompt intervention were made possible by the widespread use of PoC technologies for diabetes, tuberculosis, and anemia. These inexpensive, portable devices made it easier to identify diagnostic bottlenecks and drastically decreased patient turnaround times in rural and underserved areas. MedTech has played a key role in improving rural diagnostics, which are hampered by a lack of conventional infrastructure. Formerly unreachable areas now have access to solar-powered diagnostic equipment, mobile health trucks, and AI-assisted imaging technology. Telepathology and remote consultation platforms are examples of technologies that have revolutionized frontline health workers' and ASHA personnel's ability to carry out screenings and consultations with the help of urban medical institutions. The sector has evolved even more rapidly due to the innovation epicenters of Hyderabad and Bengaluru. India's tech hub, Bengaluru, has evolved into a center for healthtech firms that specialize in remote patient care, wearable health trackers, and AI diagnostics. Meanwhile, Hyderabad, which is renowned for its biotech and pharmaceutical sector, has made significant contributions in fields like robotic surgery, implant design, and diagnostic reagents.

According to the research report, ""India MedTech Market Overview, 2030,"" published by Bonafide Research, the India MedTech market is anticipated to grow at more than 8.86% CAGR from 2025 to 2030. The post-pandemic focus on self-sufficiency and health infrastructure has driven both domestic startups and international joint ventures JVs. Dozee, Turtle Shell Technologies, and Blackfrog Technologies are just a few of the businesses that are utilizing AI, IoT, and data analytics to create scalable solutions for diagnostics, monitoring, and vital care. This change has brought well-known companies like Trivitron Healthcare and Molbio Diagnostics to the forefront. With its Truenat molecular diagnostics platform, which was instrumental in facilitating quick COVID-19 and TB testing in India, Molbio has transformed point-of-care testing, while Trivitron concentrates on laboratory equipment, diagnostic imaging, and OT solutions suited to Indian requirements. These businesses serve as an example of the increasing synergy between innovation and accessibility in India's MedTech development. The area of rural and low-cost diagnostics presents a significant opportunity, despite ongoing gaps in infrastructure and specialist availability. Among the solutions that are gaining popularity are AI-backed screening devices for non-communicable diseases, mobile screening kits, and battery-powered PCR analyzers. The capacity to deliver cost-effective, resilient, and scalable diagnostics to remote locations has enormous potential for both public health enhancement and business growth. Product safety and market authorization are guaranteed by the regulatory oversight of the Central Drugs Standard Control Organization CDSCO. For manufacturing and distribution, adherence to Medical Device Rules MDR 2017, compliance with In Vitro Diagnostic IVD standards, and adequate licensing are required. In an effort to promote innovation, these changing norms seek to align India's standards with the best practices used worldwide. CDSCO's user-friendly digital platform for device registration makes compliance easier and promotes greater involvement in India's expanding MedTech industry.

The industry is built upon medical devices MDs, which include surgical instruments, diagnostic imaging devices, patient monitoring devices, and life support systems. The government's ""Make in India"" campaign, which promotes local production and less reliance on imports, along with advancements in public hospitals and expansion in the private sector, has led to a surge in their acceptance. Businesses like Skanray Technologies and Allengers are improving India's capacity to manufacture affordable, high-quality equipment designed for use in both urban hospitals and rural clinics. A further essential component, especially in the early detection of illness and management of infections, is in vitro diagnostics IVDs. Businesses like Molbio Diagnostics, Mylab Discovery, and MedGenome have led the way in developing molecular and genetic testing platforms that are appropriate for decentralized settings. Following the COVID-19 epidemic, point-of-care testing has grown in popularity, with inexpensive biochemical analyzers, Truenat RT-PCR systems, and rapid antigen kits becoming commonplace in both urban and semi-urban environments. Due to India's widespread mobile coverage and expanding telemedicine services, the market for digital healthcare and care is experiencing rapid expansion. Remote patient monitoring, AI-based radiology interpretation, mobile health applications, and wearable diagnostics are just a few of the available solutions. Businesses like Remidio and Dozee are developing affordable, linked healthcare solutions that connect to public health databases. To manage chronic diseases, these tools allow for real-time triage in regions with limited resources. Due to India's aging population and growing emphasis on quality-of-life care, the others category includes implants, ophthalmic tools, dental appliances, and rehabilitation aids, all of which are experiencing increasing demand.

India's high incidence of heart disease, particularly among its elderly and urban residents, makes cardiology applications the most prevalent. Early detection and remote treatment are made possible by MedTech advancements in wearable heart rate monitoring, portable echocardiography, and ECG monitoring, such as those from Dozee or Healthsense. In terms of minimally invasive stent delivery methods, cardiac imaging devices from companies like Meril Life Sciences are also improving cardiovascular treatments. Due to rising cases of arthritis, joint injuries, and accidents, orthopedics is a rapidly growing industry. Orthopedic implants, robotic-assisted surgical equipment, and bone health diagnostics are just a few of the devices that are gaining popularity. Businesses like Stryker India and GPC Medical offer adaptable orthopedic solutions to both high-end hospitals and low-resource environments. Due to an increase in the number of cancer cases, the use of oncology is expanding. Indian MedTech companies are pioneering early detection using liquid biopsy devices, AI-based imaging, and digital pathology. Organizations such as OncoStem and Sascan are developing local solutions for community-level detection of oral, breast, and cervical cancer, which is essential for early intervention in underserved areas. The demands of stroke, epilepsy, and neurodegenerative illnesses are being met by neurological tools. Portable stroke assessment kits, neuro-navigation for brain surgery, and EEG headsets are becoming more prevalent. Digital mental health resources are also a component of the growing neurological support ecosystem, particularly in rural India where there are few neurologists available. Particularly in the wake of the COVID outbreak, there has been an increase in interest in remedies for respiratory issues. Smart spirometry devices, portable ventilators such as the AgVa ventilator, and CPAP machines are filling healthcare gaps in respiratory infections, COPD, and asthma. The others category includes ophthalmology, urology, and maternal health, where diagnostic imaging, fetal monitors, and portable eye screening kits are increasing accessibility.

The main purchasers of MedTech goods are still hospitals and clinics, with big, tertiary care hospitals and multi-specialty institutions investing in cutting-edge imaging systems, robotic surgery units, ICU monitoring equipment, and electronic medical records. Government-run hospitals are incorporating more and more affordable MedTech devices for maternal care, dialysis, and diagnostics under programs like Ayushman Bharat, which promotes public health extension. For procedures ranging from mild to moderate, ambulatory surgical centers ASCs are becoming increasingly popular as a more efficient and affordable substitute for regular hospitals. These facilities depend on anesthesia monitoring equipment, sterilization systems, minimally invasive surgical instruments, and portable diagnostic tools. The growing need for same-day procedures in urban and semi-urban areas is fueling their expansion. Indian manufacturers are catering to this market by creating small, inexpensive diagnostic and surgical devices. After the COVID-19 pandemic emphasized the necessity of remote care, there has been a notable increase in home healthcare. Home-use equipment such as blood pressure monitors, glucometers, digital thermometers, remote ECG tools, and oxygen concentrators are beneficial to the elderly, post-operative patients, and those suffering from chronic illnesses. Innovations in wearable health technology and telemedicine platforms have helped formalize this industry, with the help of firms such as Portea Medical and Nightingale. Disease detection and treatment planning rely heavily on diagnostic laboratories. The demand for quick, dependable, and affordable equipment is increasing, ranging from big network labs like Dr. Lal PathLabs to mobile lab services in rural locations. To manage big volumes and improve accuracy, automated analyzers, point-of-care testing kits, in vitro diagnostics IVDs, and AI-enabled pathology scanners are becoming more popular.

Considered in this report
• Historic Year: 2019
• Base year: 2024
• Estimated year: 2025
• Forecast year: 2030

Aspects covered in this report
• MedTech Market with its value and forecast along with its segments
• Various drivers and challenges
• On-going trends and developments
• Top profiled companies
• Strategic recommendation

By Type
• Medical Devices (MDs)
• In Vitro Diagnostics (IVDs)
• Digital Health and Care
• Others

By Application
• Cardiology
• Orthopedics
• Oncology
• Neurology
• Respiratory
• Others

By End-user
• Hospitals and Clinics
• Ambulatory Surgical Centers
• Home Healthcare
• Diagnostic Laboratories Show more