India’s medical devices sector set for decade of steady growth

It accounted for around 18% of the Asia-Pacific market in 2025.

India's medical devices market is on track for steady expansion over the next decade, driven by government-led manufacturing initiatives and rising demand for advanced healthcare technology.

GlobalData said the market is projected to grow at a 6% compound annual growth rate between 2025 and 2035.

In 2025, the country accounted for around 18% of the Asia-Pacific market.

The government is currently considering measures to accelerate local production of 10 high-value medical devices, including MRI systems, pacemakers, continuous glucose monitoring devices, advanced ultrasound systems, and high-end diagnostic analysers.

This move targets several technologically sophisticated device categories that currently depend heavily on overseas supply chains.

Accelerating domestic production in these segments could help reduce import dependence in critical product areas while expanding local manufacturing capabilities.