From access to innovation: How India is redefining the future of MedTech

Imagine a 58-year-old farmer in Jalgaon, Maharashtra, experiencing recurring chest discomfort. A decade ago, his path to diagnosis might have meant a daylong journey to Pune or Mumbai, navigating long waiting lists and high costs.

- 

Today, he can walk into a local facility equipped with advanced intravascular imaging technology, receive a diagnosis within hours, and begin treatment without leaving his community. The change is just as striking for clinicians—a young cardiologist in Indore now has access to the same advanced imaging tools as a peer in Boston or Tokyo, creating a level playing field for doctors and patients alike. Across India, similar shifts are underway, bringing advanced care from city hospitals to the heart of small-town India.

THE RISING DEMAND

India's medical device industry, valued at close to $12 billion in 2024, is projected to reach $50 billion by 2030. This reflects a combination of factors: a growing middle class seeking better healthcare outcomes, an ageing population with rising incidences of chronic diseases, government investment in healthcare infrastructure beyond metros, and increasing insurance coverage making advanced treatments more affordable.

The pace of growth is matched by a demand for world-class solutions that can reach patients everywhere. India is evolving from a consumer of global innovation to a creator shaping the future of MedTech.

This growing influence was on full display at the recent APAC MedTech Forum 2025 in New Delhi, where industry leaders, policymakers, and innovators came together to discuss building robust healthcare systems, equitable access, and patient-centred innovation. The conversations underscored India’s expanding role in the global MedTech dialogue and its potential to set benchmarks for other emerging markets.

INDIA’S APPETITE FOR MEDTECH LEADERSHIP