India’s MedTech Sector Growing Rapidly: Health Minister

CIOTechOutlook Team | Friday, 31 January 2025, 11:52 IST

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Minister of State for Health, Anupriya stated that India has been able to position itself as one of the leading players in the international medical technology landscape by aligning with the global standards. She stated that the medical technology in the country is growing rapidly and is a very dynamic sector, addressing the Medtekon 2025 that was organized by the MTaI.

She also stated that there is a surge in demand for healthcare as well as the constant technological advancements and innovations. She also said that everyone needs better healthcare outcomes and delivery.

"The government is also providing a lot of support to its policies because we have a focus on growing India's self-reliance in the medical technology sector. These are situations which have led to the growth and vibrancy of this sector. The country's medical sector is the fourth largest in Asia after China, Japan and South Korea. And we are also among the top 20 globally," she said.

"The current size of the industry, which is around 14 billion dollars, is expected to reach around 30 billion dollars by 2030. And by the same year, we also expect that the global market share of India will increase from the current 1.65 per cent to around 10-12 per cent," Patel said.

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