Article -> Article Details
| Title | India Medical Devices Market Size, Product Segmentation and Forecast Report by 2033 |
|---|---|
| Category | Sciences --> Medical |
| Meta Keywords | medical device |
| Owner | SAKSHI BAHANDARI |
| Description | |
| 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 growth, share, trends, and research of the industry.
Key Trends: The India Medical Devices Market is undergoing rapid
transformation as healthcare providers and consumers increasingly adopt
technologically advanced, efficient, and patient-centric medical solutions. One
of the strongest trends shaping the sector is the shift toward digital and
connected medical devices, including remote monitoring tools, wearable health
trackers, AI-enabled diagnostics, and IoT-based hospital equipment. Moreover,
the rising popularity of telemedicine and home healthcare services is driving
demand for portable devices such as glucometers, digital thermometers, pulse
oximeters, and ECG monitoring systems. Additionally, diagnostic imaging
technologies—such as MRI, CT, ultrasound, and digital X-ray—are witnessing
upgrades as hospitals focus on improving accuracy and reducing turnaround
times. In addition, minimally invasive surgical devices, robotic
surgery systems, and smart implants are gaining traction as patients seek
faster recovery and improved outcomes. Domestic manufacturing is also becoming
a key trend, supported by innovations in orthopedics, consumables, cardiac
devices, and diagnostic kits. Furthermore, 3D printing, laser-based tools, and
high-precision manufacturing techniques are enhancing the quality and
customization of devices. Together, these trends highlight a market steadily progressing
toward digital integration, localized production, and advanced clinical
technologies that improve accessibility and patient care across India. Grab a Free sample PDF of this report: https://www.imarcgroup.com/india-medical-devices-market/requestsample Market Growth Factors The India Medical Devices Market continues to grow strongly
due to rising healthcare expenditure, expanding hospital networks, and
increasing demand for quality diagnostics and treatment solutions. Growing
prevalence of chronic diseases—such as diabetes, cardiovascular disorders, and
respiratory illnesses—is fueling demand for advanced monitoring and therapeutic
devices. Moreover, government initiatives promoting domestic production, such
as the Production-Linked Incentive (PLI) scheme, medical device parks, and
import substitution policies, are encouraging investment and strengthening
India’s manufacturing ecosystem. Additionally, rising health insurance
penetration and improved affordability of private healthcare are expanding
access to medical procedures that require high-quality devices. In addition, the rapid growth of medical tourism is boosting
demand for world-class equipment in orthopedic surgery, cardiology, cosmetic
treatments, and diagnostic imaging. Technological advancements, such as
AI-driven diagnostics and automated laboratory systems, are helping healthcare
providers enhance efficiency and accuracy. Furthermore, increased awareness of
preventive health check-ups and wellness monitoring is driving demand for
consumer-friendly medical devices. Together, these growth drivers ensure that
the India Medical Devices Market remains on a strong upward
trajectory—supported by healthcare modernization, policy support, and India’s
growing commitment to accessible and high-quality medical technology. For more information, visit the India Medical Devices
Market: https://www.imarcgroup.com/india-medical-devices-market Market Segmentation Type Insights:
End User Insights:
Regional Insights:
Get Your Customized Market Report Instantly: https://www.imarcgroup.com/request?type=report&id=32628&flag=E 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
If you require any specific information that is not
covered currently within the scope of the report, we will provide the same as a
part of the customization. About Us IMARC Group is a global management consulting firm that
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IMARC offerings include thorough market assessment, feasibility studies,
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