Medical Device Market in India (2018-2023) Overview, Share, Scope, Revenue, Trade Analysis, Trends, Drivers, Challenges, Segmentation based on Sector-wise Sales (Ortho, Cardio, Wound Care, Audiology, Patient Monitoring, Minimally Invasive, Opthalmology, Others) Product Category ( Diagnostic Imaging, Consumables, IV Diagnostics, Patient Aids, Dental Products, Others)

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  • Developments in healthcare infrastructure, and a rise in lifestyle related diseases like hypertension, diabetes, asthma, etc. have led to an increasing demand for medical devices across India. The Indian medical devices market was valued at INR 338.62 Bn in 2017, and is expected to reach INR 794.29 Bn by the end of 2023, expanding at a compound annual growth rate (CAGR) of ~15.27% during the 2018-2023 period. It stands among the top 20 global medical devices market.

    Market segment insights:

    The diagnostic imaging segment is considered to be the largest, owing to its ability to facilitate accurate detection of diseases. It had a market share of nearly 30.41% in 2015, and is expected to occupy a similar share till 2020. Apart from diagnostic imaging devices, significant shares in the medical devices market are occupied by medical consumables, IV diagnostic devices, patient aids, etc.

    Key growth drivers of the market:

    o The central government of India, as well as several private organizations have taken initiatives to improve the condition of public health within the country. Such participation from the public and private enterprises have resulted in the growth of the healthcare sector, thereby leading the medical devices market in India to prosper.

    o The Indian government has allowed 100% foreign direct investment (FDI) in the medical devices industry. Inflow of FDI is expected to spur research and development (R&D) activities and manufacturing innovations, which in turn can help in driving the growth of the medical devices market in India.

    Key deterrent to the growth of the market:

    India imports nearly 70% of the total number of medical devices sold in the country. Excessive dependency on import of high-tech devices from the developed countries is hindering the growth of the domestic medical devices’ manufacturers in India.

    Companies covered:

    o Centenial Surgical Suture Ltd.

    o Opto Circuits (India) Ltd.

    o Poly Medicure Ltd.

    o B. Braun Medical (India) Pvt. Ltd.

    o Philips India Ltd.

    o Baxter International Inc.

    o Becton, Dickinson and Company

    o GE Healthcare Ltd.

    o Medtronic, Inc.

    o Siemens Healthineers, Inc.

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    With the given market data, we offer customizations according to specific needs.


  • With tables and figures helping analyze worldwide Medical Device market, this research provides key statistics on the state of the industry and is a valuable source of guidance and direction for companies and individuals interested in the market.

    Chapter 1: Executive summary
    Chapter 2: Socio-economic indicators
    Chapter 3: Introduction
    3.1. Medical devices market - definition
    3.2. Medical devices market - structure
    3.3. Key products - overview
    o Imaging
    o Therapeutic
    o Patient monitoring system
    o Handheld/homecare products
    Chapter 4: Global medical devices market
    4.1. Market overview
    4.2. Market size and growth forecast (2017-2023e)
    4.3. Segment-wise sales of medical devices (2018)
    o Orthopedics
    o Minimally invasive
    o Cardiology
    o Ophthalmology
    o Wound care
    o Patient monitoring
    o Audiology
    o Others
    Chapter 5: India medical devices market
    5.1. Market overview
    5.2. Market size and growth forecast (2017-2023e)
    5.3. Market segmentation (2015 and 2020e)
    o Diagnostic imaging
    o Consumables
    o IV diagnostics
    o Patient aids
    o Orthopedics and prosthetics
    o Dental products
    5.4. Impact of goods and service tax (GST)
    5.5. Medical devices clusters - overview
    Chapter 6: Trade analysis
    6.1. Export of medical devices
    o Value-wise
    o Country-wise
    6.2. Import of medical devices
    o Value-wise
    o Country-wise
    Chapter 7: Key growth drivers of the market
    Chapter 8: Key deterrents to the growth of the market
    Chapter 9: Competitive landscape
    9.1. Centenial Surgical Suture Ltd.
    o Corporate information
    o Business description
    o Products and services
    o Key people
    o Financial snapshot (total income, net profit/loss) (only for public companies)
    o Key ratios (only for public companies)
    o Business segments, geographical segments (only for public companies)
    *Note: Similar information areas will be covered for the remaining competitors
    9.2. Opto Circuits (India) Ltd.
    9.3. Poly Medicure Ltd.
    9.4. B. Braun Medical (India) Pvt. Ltd.
    9.5. Philips India Ltd.
    9.6. Baxter International Inc.
    9.7. Becton, Dickinson and Company
    9.8. GE Healthcare Ltd.
    9.9. Medtronic, Inc.
    9.10. Siemens Healthineers, Inc.
    Chapter 10: Recent developments

    1. Research Methodology

    2. About Research On Global Markets


  • The Medical Device Market has been segregated into various crucial divisions including applications, types, and regions. Each market segment is intensively studied in the report contemplating its market acceptance, worthiness, demand, and growth prospects. The segmentation analysis will help the client to customize their marketing approach to have a better command of each segment and to identify the most prospective customer base.

    Report Objectives / Segmentation Covered :
    By Companies / players:
      By Regions:
        By Type:
          By Application:
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          Research objectives

          Where will all these developments take the industry in the long

          To study and analyze the global Market consumption (value & volume) by key regions/countries, product type and application, history data from 2015 to 2019, and forecast to 2025.

          What are the future opportunities in the market?

          To understand the structure of Market by identifying its various subsegments.

          What are the major driving forces expected to impact the development of the market market across different regions?

          To analyze the market with respect to individual growth trends, future prospects, and their contribution to the total market.

          Which industry trends are likely to shape the future of the industry during the forecast period 2020-2025?

          To project the consumption of market submarkets, with respect to key regions.

          Who are the major driving forces expected to decide the fate of the industry worldwide.

          To strategically profile the key players and comprehensively analyze their growth strategies.

          What are the key barriers and threats believed to hinder the development of the industry?

          To analyze competitive developments such as expansions,agreements, new product launches, and acquisitions in the market.

          Who are the prominent market players making a mark in the market with their winning strategies?

          To share detailed information about the key factors influencing the growth of the market

          What will be the growth rate and the market size of the industry for the forecast period 2020-2025?

          Focuses on the key global market Vendors, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.

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