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India's MedTech Sector Set to Outpace Global Market With 3x Growth: Report
The Business Guardian
|August 30, 2025
The domestic medical technology (MedTech) sector is projected to grow three times the global growth, according to a report by Confederation of Indian Industry (CII), in collaboration with Boston Consulting Group (BCG).
Valued at approximately USD 16 billion, India's MedTech industry currently accounts for only around 2 percent of the approximately USD 680 billion global market, as per the report. With the government's Viksit Bharat 2047 vision, the sector has been identified as a strategic pillar in the "Make in India" agenda, with aspirations to reduce import dependency to below 50 percent and increase India's share of the global market to 10-12 percent.
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