Prime Minister Narendra Modi on Saturday highlighted India's expanding medical technology sector, pointing to increased domestic manufacturing, lower dependence on imports and government-backed initiatives as key drivers of the country's growing med-tech ecosystem. In a post on X, Modi shared an article by Union Health and Family Welfare Minister Jagat Prakash Nadda outlining India's progress in developing a stronger domestic medical devices industry.

Modi said India's self-reliant med-tech ecosystem was being strengthened through domestic manufacturing and programmes such as the Production Linked Incentive (PLI) scheme and Medical Device Parks. He added that the country was steadily emerging as a trusted global partner in medical technology, with a focus on making healthcare more affordable and accessible.

In his article, Nadda said the government was supporting domestic production of medical devices through several initiatives, including the PLI scheme, Medical Device Parks and the Promotion of Research and Innovation in Pharma-MedTech (PRIP) scheme. He said more than 50 high-end medical devices had begun to be manufactured in India under the PLI programme, while continued foreign investment indicated increasing investor confidence in the sector.

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Nadda said reducing India's reliance on imported medical equipment could strengthen supply chains and create opportunities for greater cost efficiency. He highlighted potential growth in areas including advanced diagnostics, imaging systems, implants and intensive-care equipment. The minister also pointed to emerging technologies such as artificial intelligence, software as a medical device, connected medical devices, robotics and remote diagnostics.

According to Nadda, India's medical technology market is currently valued at around $15-16 billion and is growing at nearly 12 per cent annually. He described India as the fourth-largest medical technology market in Asia and among the top 20 globally. The government, he added, was also working to strengthen regulatory systems, testing infrastructure and clinical evidence generation to improve patient safety and help Indian medical devices meet international standards.

A stronger domestic medical devices industry could contribute to manufacturing, employment, exports and technological development while improving the resilience and accessibility of healthcare, Nadda said. Earlier this week, a report projected that India's medical device sector, currently valued at around $14 billion, could reach $30-50 billion within this decade and potentially expand to $250 billion by 2047, underscoring the government's broader ambition to establish India as a major global med-tech manufacturing and innovation hub.

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