Market Insights

India Medical Device Market Analysis

India’s medical device market size was US$6.2 billion in 2019 and is expected to further grow at CAGR 5.6% between 2022 and 2025. Market drivers include the continuous increase of population, rising healthcare expectations, and government support. High-value device markets such as diagnostic imaging are dominated by imports, with China and the US as the major supplier countries, while there has been an increasing volume of locally-produced, lower-value devices such as consumables.

Authors

YAMADA Consulting Group Co. Ltd

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