Medical device manufacturing in India is developing quickly. India’s production of medical devices has gained international importance, and since the need for health care has increased since the pandemic, exports of medical instruments have emerged as a significant export sector. The healthcare equipment industry is already quietly growing due to this slightly less well-known sector, which also offers newer opportunities for young exporters and entrepreneurs. In this crucial area, India is quickly establishing a reputation for excellence and innovation.
Strong Growth Backed by Global Demand
The most recent EEPC India data show that, in terms of medical and scientific instruments, exports grew by an impressive 15% year-on-year from April to January 2024-25 compared with January 2024 on a month-by-month basis. The statistics are for March 2025 about this data. January 2025 recorded a 21% increase compared to January 2024.
Table: Export Performance—Medical and Scientific Instruments
| Period | Export Value (USD Mn) | April–Jan 2024–25 | |
| January 2024 | 185.9 | – | |
| January 2025 | 224.5 | +21% | |
| April–Jan 2023-24 | 1994.9 | – | |
| April–Jan 2024-25 | 2291.0 | +15% | |
Source: EEPC India, Indian Engineering Exports, March 2025
This sector’s growth comes at a time when the world is actively rebuilding healthcare systems and investing heavily in diagnostic and research infrastructure. From surgical tools to laboratory devices, Indian manufacturers are gaining credibility for quality and cost-effectiveness.
A Global Opportunity for Indian Entrepreneurs
The worldwide market for medical and diagnostic devices is expected to surpass 600 billion by 2030. India has great prospects to leverage, especially as global buyers diversify their sourcing options from single countries like China. Cost competitiveness, skilled technical manpower, and a strong IP framework will further assist India in getting an edge.
Entrepreneurs can explore sub-segments like:
- Diagnostic imaging (X-rays, MRI, CT scanners)
- Lab instruments (centrifuges, microscopes)
- Surgical instruments
- Dental care equipment
- Hospital furniture and devices
For curated project ideas and business opportunities in this sector, visit https://www.niir.org/
Domestic Manufacturing Meets Global Quality
The Indian government is very keen to promote the local manufacture of medical devices with initiatives like ‘Make in India’ and the PLI scheme. New businesses are likely to thrive with regulatory upgrades, faster approvals, and infrastructural support from medical parks across states.
Additionally, Indian exports of these instruments are seeing increased demand not just in North America and the EU but also in WANA (West Asia & North Africa), SSA (Sub-Saharan Africa), and LAC (Latin America & Caribbean) regions.
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The Changing Global Market for India’s Medical Instruments Sector
India’s engineering exports, mainly medical instruments, keep soaring even amidst the backdrop of global trade uncertainties and the burgeoning of protectionist policies. While India has shown an overall decline of greater than 2% in exports by January 2025, engineering exports increased by more than 7%.
This growth attests to the strength and promise of India’s engineering sector, especially in niche areas such as medical instruments. It is testimony to India’s emerging position as a trusted supplier of quality and specialized products, even in harsh global circumstances.
How NPCs Can Help You Start a Medical Instrument Business?
At Niir Project Consultancy Services (NPCS), we specialize in providing comprehensive market survey cum detailed techno-economic feasibility reports for setting up new businesses and industries.
Our reports include:
- Detailed manufacturing process
- Flowsheet diagram and product mix
- Market research and demand forecast
- Raw materials and machinery details
- Complete project financials
- Regulatory and operational requirements
Whether you are an individual entrepreneur or an established business looking to diversify into this promising industry, NPCS project reports provide you with project identification, planning, execution, and funding guidance.
🔗 Learn more and request your report today: https://www.entrepreneurindia.co/
🎥 For visual explainers and startup guidance, visit our YouTube channel: https://www.youtube.com/@NIIRproject
Related Reads from Our Blog
If you’re planning to enter the medical device manufacturing or healthcare equipment industry, we recommend exploring these helpful blog posts:
- How to Start a Surgical Instruments Manufacturing Business
- Medical Disposables Manufacturing Project Report
- Healthcare Sector in India: Growth Opportunities for Entrepreneurs
- How to Start a Diagnostic Centre Business in India
- Business Plan for Hospital Furniture Manufacturing
Stay updated with the latest industry insights on our blog:
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🌐 https://www.niir.org/blog
Start your healthcare equipment business with Expert Help from NPCS
Medical device manufacturing in India has moved to center stage and is now one of the fastest-growing segments in the engineering export space. With strong demand, the confidence of nations across the world, and the backdrop of favorable policies, this is an excellent time to set foot into this promising sector.
Whether it is exploring or setting up the manufacturing of medical devices in India or exporting the medical instruments, NPCS guides you through expert opinions and feasibility reports on medical devices from start to finish. Let us make your story happen!
👉 For detailed project reports and feasibility studies, visit:
📍 https://www.entrepreneurindia.co/
📍 https://www.niir.org/
📍 https://npcsblog.com/
