India’s medical technology (MedTech) sector is witnessing rapid growth and global recognition, with projections indicating that the industry will double in size by 2030. Speaking at MedTekon 2025, Minister of State for Health Anupriya Patel emphasized that India is positioning itself as a leading player in the global MedTech landscape by aligning with international standards and fostering self-reliance.

Key Highlights:

• Expanding Market Size:

India’s MedTech sector, currently valued at $14 billion, is expected to grow to $30 billion by 2030.

• Global Market Share Surge:

India's share in the global MedTech industry is projected to rise from 1.65% to 10-12% by 2030.

• Medical Device Export Growth:

India’s MedTech exports stood at $3.8 billion in the last fiscal year, with consistent growth across all five major segments.

• Government Initiatives:

• Medical Devices Policy 2023 aims to comprehensively address industry needs.

• Medical Device Rules 2017 and digital regulatory frameworks have streamlined processes and reduced paperwork.

• 100% FDI in MedTech has attracted significant investments.

• Export Promotion Council for Medical Devices is expanding India’s reach in international markets.

• National Security Consideration:

Experts warn that medical devices are critical to national security, as compromised equipment could pose cybersecurity risks.Statements from Leaders or Officials:
Anupriya Patel, Minister of State for Health:

• “By addressing the sector’s challenges and aligning with global standards, India has positioned itself as a leading player in the global MedTech landscape. The industry’s vibrancy is fueled by policy support, investment, and innovation.”

• “Optimally harnessing both domestic and global opportunities will allow India’s MedTech sector to not only enhance healthcare outcomes but also contribute to overall societal well-being.”

Pavan Choudary, Chairman, Medical Technology Association of India (MTaI):

• “MedTech has emerged as a stabilizing force, uniting nations even in turbulent times. The pandemic showcased its collaborative strength, with open-source ventilator designs, technology transfers, and supply chain resilience ensuring medical access across borders.”

With strong government backing, increasing foreign investment, and a focus on innovation, India's MedTech sector is set to become a major global player. The continued expansion of exports, policy reforms, and digital regulatory frameworks will strengthen India’s presence in the international medical technology landscape. The industry’s growth is not only a healthcare milestone but also a strategic economic and security asset for the country.