Indian medical devices industry – A review

There are 750-800 domestic medical devices manufacturers in India, accounting for 65% of the market. The start-up ecosystem in India’s medical devices sector is diverse and vibrant, with 250+ organisations engaged in innovations for addressing important health issues.

Indian medical devices sector’s contribution has become even more prominent since India supported the domestic and global battle against Covid-19 pandemic through the production of medical devices & diagnostic kits, such as ventilators, Rapid Antigen Test kits, RT-PCR kits, IR thermometers, PPE kits & N-95 masks.

The manufacturing footprint in India is developing in its scale and geography: Dedicated Medical devices manufacturing “clusters” and Parks are being developed in the country (Refer to ‘Data on Map’ section below).

Clusters have “Medical Device Parks” developing around them: states have committed to set-up dedicated industrial parks where efficient domestic manufacturing at lower costs. 4 Medical Devices Parks are coming up in Himachal Pradesh, Tamil Nadu, Madhya Pradesh, and Uttar Pradesh to provide easy access to standard testing and infrastructure facilities for medical devices manufacturing. Invest India