India’s medical device market is experiencing significant expansion with the establishment of 13 new manufacturing facilities and a surge in foreign investments. Notable commitments include Medtronic’s US$350 million investment and Siemens Healthineers’ US$197.7 million pledge. These investments underscore growing confidence in India’s market potential. The implementation of the National Single Window System aims to streamline import processes, facilitating smoother transactions for medical device imports. Complemented by the ambitious National Medical Devices Policy 2023, which targets a market value of US$50 billion by 2030, India is positioned to become a global leader in the medical device industry. These initiatives signal a transformative shift, offering substantial growth opportunities and reinforcing India’s commitment to advancing healthcare infrastructure.
