India Medical Devices Market By Type (Cardiovascular Devices, Diagnostic Imaging Equipment, In-vitro Diagnostic Devices, Ophthalmic Devices, Diabetes Care Devices, Dental Care Devices, Surgical Equipment, Patient Monitoring Devices, Orthopedic Devices, Nephrology & Urology Devices, ENT Devices, Anesthesia & Respiratory Devices, Neurology Devices, Mobility-Aid Devices, Others), By End User (Hospitals & Clinics, Diagnostic Centers, Others), By Region, Competition Forecast & Opportunities, FY2027

India medical devices market is anticipated to grow with an estimated CAGR in the forecast years FY2023-FY2027, on the grounds of expanding healthcare sector in the country. Advancing technology and consistent research in the product development and further evolvement of the medical devices is further driving the growth of the India medical devices market in the upcoming five years.

Increasing Chronic Disease Instance Drives Market Growth

Various chronic diseases and infectious diseases are rapidly increasing, and the number of patients is rapidly increasing in recent years, thereby driving the growth of the India medical devices market in the upcoming five years. Moreover, recent pandemic situation further created panic among the population since no treatment for the same was available and indeed diagnosing the disease was also difficult. Development & manufacturing of the medical devices like rapid test kits, consumables like masks, gloves, monitoring devices like oximeters, thermometers, infusion and suction pumps, etc. further supported the increasing demand of medical devices, and is anticipated to support the growth of the India medical devices market in the next five years.

Research & Development Support Market Growth

Healthcare industry is expanding rapidly, and evolving technology is further driving the growth of the India medical devices market in the next five years. Academic institutes, research centers, and institutional research market players are actively involved in experimenting and researching for procedures and methods of advancing the existing technologies of medical devices. Products like disposable medical devices, non-invasive or minimally invasive devices are being developed for the advancement of medical devices.

Also, increasing investments in the research by government and other authoritative bodies along with private investments from the market players are further aiding the growth of the India medical devices market in the future five years. Favorable government regulations and schemes also invite foreign direct investment (FDI) that support the product development and further drive the growth of the India medical devices market in the upcoming five years.

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Market Segmentation

The India medical devices market segmentation is based on type, end user, competitional landscape, and regional distribution. Based on type, the market is further fragmented into cardiovascular devices, diagnostic imaging equipment, in-vitro diagnostic devices, ophthalmic devices, diabetes care devices, dental care devices, surgical equipment, patient monitoring devices, orthopedic devices, nephrology & urology devices, ENT devices, anesthesia & respiratory devices, neurology devices, mobility-aid devices, and others. The market segmentation based on end user is bifurcated into hospitals & clinics, diagnostic centers, and others. The market analysis also studies the regional segmentation to devise regional market segmentation, divided among North India region, South India region, East India region, and West India region.

Company Profile

Wipro GE Healthcare Pvt. Ltd., Mindray Medical India Pvt Ltd, Siemens India, Philips India Ltd, Hitachi Medical Systems India, Shimadzu India, Fujifilm India Pvt. Ltd, India Medtronic Pvt Ltd, Johnson & Johnson Medical India Limited, Abbott India Limited, Becton, Dickinson Private Limited, Roche Diagnostics India limited, Alcon Laboratories (India) Private Limited, Carl Zeiss India Private Limited, Canon Medical India, are some of the major market players in the country that lead the market growth analysis. New market players are also actively entering the market in the recent years and further strengthening the growth of the future market growth.

Report Scope:

In this report, India Medical Devices market is segmented into following categories, in addition to the industry trends which have also been detailed below:

• India Medical Devices Market, By Type:
• Cardiovascular Devices
• Diagnostic & Monitoring Devices
• ECG
• Holter Monitors
• Implantable Loop Recorders
• Event Monitors
• Others
• Surgical Devices
• Pacemakers
• Stents
• Valves
• Other
• Diagnostic Imaging Equipment
• X-Ray Systems
• Ultrasound Systems
• CT Scanners
• MRI
• Others
• In-vitro Diagnostic Devices
• Point-of-Care Diagnostic Devices
• Immunochemistry Diagnostic Devices
• Clinical Chemistry Diagnostics Devices
• Molecular Diagnostics Devices
• Others
• Patient Monitoring Devices
• Vital Signs Monitoring Devices
• Fetal & Neonatal Monitoring Devices
• Weight Monitoring And Body Temperature Monitoring Devices
• Others
• Ophthalmic Devices
• Vision Care Devices
• Cataract Surgery Devices
• Diagnostic & Monitoring Devices
• Others
• Diabetes Care Devices
• Self-Blood Glucose Monitoring Devices
• Test Strips
• Lancets
• Glucometer
• Continuous Blood Glucose Monitoring Devices
• Sensors
• Transmitters & Receivers
• Integrated Insulin Pumps
• Dental Care Devices
• General Dental Devices
• Dental Surgical Devices
• Others
• Surgical Equipment
• Surgical Sutures & Staplers
• Handheld Surgical Devices
• Electrosurgical Devices
• Orthopedic Devices
• Joint Reconstruction Devices
• Spinal Surgery Devices
• Trauma Fixation Devices
• Orthopedic Braces And Support Devices
• Others
• Nephrology & Urology Devices
• Endoscopy Devices
• Dialysis Devices
• Urinary Stone Treatment Devices
• Others
• ENT Devices
• Hearing Aid Devices
• Nasal Splints
• ENT Surgical Devices
• Others
• Anesthesia & Respiratory Devices
• Respiratory Devices
• Anesthesia Machines
• Others
• Neurology Devices
• Neurostimulation Devices
• Neurology Devices
• Interventional Neurology Devices
• Others
• Mobility-Aid Devices
• Wheelchairs
• Walking Aids
• Mobility Lifts
• Slings
• Others
• Others
• India Medical Devices Market, By End User:
• Hospitals & Clinics
• Diagnostic Centers
• Others
• India Medical Devices Market, By Region:
• South
• West
• North
• East

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in India medical devices market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

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