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flag India's medical device industry to reach $50.1B by 2030, boosted by trade deal with U.S. and domestic growth.

flag India's medical devices industry is projected to grow to $50.1 billion by 2030 from $15.2 billion in 2025, driven by government policies, rising incomes, and improved healthcare access. flag Exports reached $4.1 billion in FY25, with consumables leading, while imports totaled $8.6 billion, highlighting dependence on foreign supply for advanced equipment. flag A new India-U.S. trade agreement lowers U.S. tariffs on Indian devices from 50% to 18%, boosting export prospects. flag Despite strong growth in venture capital and domestic manufacturing, especially in four key states, the sector remains fragmented and reliant on imports for high-tech products. flag The government aims to increase India’s global market share from 1.6% to 12%.

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