Medical Devices in India: Yesterday, Today and Tomorrow

Abstract

India’s medical-device sector has undergone a remarkable transformation—evolving from a fragmented, import-dependent market to a fast-growing innovation ecosystem. As of 2024, the sector is valued at USD 15–18 billion and is projected to reach USD 30–50 billion by 2030. This review analyzes the evolution of the Indian medical-device industry (“Yesterday”), its current landscape (“Today”), and the emerging opportunities and challenges shaping its future (“Tomorrow”). Market data, regulatory milestones, manufacturing cluster insights, and global competitiveness are assessed using available literature and industry reports. A case study of a hypothetical Indian-made handheld cholesterol meter illustrates future technological opportunities, regulatory pathways, and manufacturing challenges.