*Rising number of medical facilities will boost the demand for medical devices in the market.
*Diagnostic equipment market to reach to Rs. 51,978 crore (US$ 6 billion) by 2027, up from Rs. 34,652 crore (US$ 4 billion) in CY23.
*On February 13, 2026, a Rubix Industry Insights report highlighted India’s medical devices market is projected to grow from US$ 15.2 billion in 2025 to US$ 50.1 billion by 2030, driven by rising healthcare demand, expanding infrastructure and insurance penetration.
*India's medical technology industry is poised to reach exports of up to Rs. 1,69,000 crore (US$ 20 billion) by FY30, according to the Confederation of Indian Industry (CII).
*India’s medical devices industry is seeking a larger footprint in the United Kingdom’s (UK) Rs. 161.16 crore (US$ 18.17 million) medtech market, with an ambition to triple exports to Rs. 2,917-3,493 crore (US$ 329-394 million) by 2030 from Rs. 1,117 crore (US$ 126 million) in 2024.
*On January 28, 2026, India–EU FTA unlocked access to a US$ 572.3 billion EU pharma and MedTech market, boosting export opportunities for Indian medical devices through liberalised tariffs and preferential market access.
*The National Medical Devices Policy 2023 supports India’s medical devices sector through regulatory streamlining, infrastructure, R&D, and investment promotion, boosting competitiveness and exports via schemes like PLI and medical device parks.
*Lower GST on medicines and medical devices was announced to make healthcare more affordable, further incentivizing industry growth and expanding access to advanced medical technologies.
*100% FDI is allowed in the medical devices sector In India. Categories such as equipment and instruments, consumables and implants attract the most FDI.
*Union Chemicals and Fertilisers Minister Mr. JP Nadda launched a Rs. 500 crore (US$ 59.24 million) scheme to boost India's medical devices industry, focusing on manufacturing key components, skill development, clinical studies support, common infrastructure, and industry promotion.
*In the Union Budget 2025-26, Rs. 99,858 crore (US$ 11.48 billion) was allocated as a budget for the healthcare sector.
*FDI inflow in the medical and surgical appliances sector between April 2000- December 2025 stood at Rs. 30,402.49 crore (US$ 4.24 billion).


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