Blitz Bureau
NEW DELHI: India’s medical device exports crossed $4 billion in FY25, as the country aims to achieve $30 billion medical devices market by 2030, while leveraging its significant domestic market for scaling, according to senior government officials. The medical devices sector has emerged as a critical component of the country’s healthcare and manufacturing landscape.
With growing global demand for affordable and high-quality medical technologies, India is increasingly positioning itself as a reliable manufacturing and export hub, it was observed during a Chintan Shivir on “Strengthening India’s Medical Devices Export Ecosystem,” organised by the Department of Commerce in collaboration with the Department of Pharmaceuticals and the Export Promotion Council for Medical Devices (EPCMD) here.
The event brought together policymakers, regulators, industry leaders, exporters and sector experts to deliberate on strategies for strengthening India’s global competitiveness in the MedTech sector. Aman Sharma, Joint Secretary, Department of Pharmaceuticals, highlighted the importance of focusing on the quality of medical devices manufacturing in the country and emphasised that both industry and regulators need to work together towards this objective.
Lav Aggarwal, Additional Secretary and Director General, Directorate General of Foreign Trade (DGFT), highlighted the need to grow faster by addressing structural issues. He spoke about the role of trade policy measures and export promotion initiatives in expanding India’s presence in global medical devices markets.
