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India Must Move Beyond Assembly to Become Global Medtech Hub

India Must Move Beyond Assembly to Become Global Medtech Hub
What will it take for India to become a global medtech manufacturing hub? · thehindubusinessline.com

India makes many medical devices, but it still imports several important parts.

The country wants to become a place that designs and builds medical technology for the whole world.

This means doing more than assembling products made with foreign components.

Indian companies need to develop advanced parts, software and new inventions.

Start-ups, hospitals, universities and larger manufacturers should work more closely together.

New devices also need testing, clinical evidence and approval before they can be sold widely.

Products must meet strong international quality standards so customers can trust them.

India’s growing exports show progress, but the next goal is to create higher-value technologies that other countries want to buy.

Key facts

India medical devices market
About $16 billion
Global medical devices market
More than $600 billion
Medical device exports in 2020–21
About $2.5 billion
Medical device exports in 2024–25
About $4.1 billion
Current manufacturing challenge
Many sophisticated devices still contain critical components imported from overseas.
Priority technologies
AI-enabled diagnostics, advanced imaging and point-of-care solutions
Recommended strategy
Strategic localisation combined with access to global technologies and supply chains

Sources

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