Sharda Infotech

The Make in India medical devices market is expanding rapidly, driven by rising healthcare demand, growing hospital infrastructure, and the adoption of advanced technologies. Additionally, factors such as increasing chronic diseases, expanding healthcare access, and digital health integration are accelerating market growth. Despite this momentum, India still represents a relatively small share of the global MedTech industry: Global medical device market: ~$600+ billion. According to World Health Organization, the global medical device market is valued at over $600 billion. India’s share: ~1.5–2%. As per the India Brand Equity Foundation, India’s contribution to the global market remains modest but is steadily increasing. Rank in Asia: 4th (after China, Japan, and South Korea) However, this gap highlights a significant opportunity for future expansion. 👉 India’s growth story is not yet about dominance—it is about untapped potential. In contrast, countries like the US and Germany lead in high-end innovation, while the Make in India medical devices initiative is positioning India as a cost-efficient and scalable manufacturing hub—particularly for emerging markets. At the same time, the domestic market is expanding across multiple segments, each driven by specific demand trends: Diagnostic imaging demand is growing steadily, with increasing adoption of CT and MRI technologies Surgical devices are expanding rapidly due to the rise of minimally invasive procedures The IVD sector is scaling post-COVID, supported by molecular diagnostics and rapid testing Patient monitoring is evolving toward remote and AI-based systems As a result, this growth is no longer limited to metropolitan areas. Tier-2 and Tier-3 cities are increasingly contributing to demand, especially for affordable and scalable healthcare technologies.