India’s medical device exports have crossed $4 billion in the financial year 2025, reflecting strong growth in the country’s healthcare manufacturing sector. The government is now aiming to develop a $30 billion medical device market in India by 2030.
The update was shared during a Chintan Shivir (brainstorming session) on “Strengthening India’s Medical Device Export Ecosystem” organized by the Department of Commerce, Government of India in collaboration with the Department of Pharmaceuticals, Government of India and the Medical Device Export Promotion Council.
The meeting brought together policy makers, regulators, industry representatives, exporters, and sector experts to discuss strategies for boosting India’s presence in the global medical devices market.
India Aims to Become Global Manufacturing Hub
Officials said the medical device sector is emerging as a critical component of India’s healthcare and manufacturing ecosystem.
With global demand rising for affordable and high-quality medical technology, India is positioning itself as a reliable manufacturing and export hub for medical devices.
Focus on Quality and Regulatory Coordination
Speaking at the event, Joint Secretary in the Department of Pharmaceuticals, Government of India, Aman Sharma emphasized the need to enhance quality standards in medical device manufacturing.
He noted that stronger coordination between industry players and regulatory authorities is essential to improve product quality and ensure global competitiveness.
Strategy to Expand Global Market Share
Director General of the Directorate General of Foreign Trade, Luv Agarwal said India must address structural challenges to increase its share in the global medical devices market.
He also highlighted the importance of trade policy reforms and export promotion measures to accelerate growth in medical device exports.
Vision to Become Global MedTech Hub
Commerce Secretary Rajesh Agrawal said India must move beyond its identity as the “Pharmacy of the World” and work towards becoming a global MedTech manufacturing hub.
He added that India can expand its global share over the next decade by focusing on:
- High-value manufacturing
- Research and development (R&D)
- Innovation in medical technologies
- Better regulatory coordination
Industry Calls for Stronger Government Collaboration
Representing the industry, Rajiv Nath stressed that continuous collaboration between the government and industry is essential to boost domestic manufacturing and address global regulatory challenges.
Experts believe that with the right policy support, infrastructure, and innovation ecosystem, India could emerge as a major global player in the medical device and MedTech industry by 2030.
