India’s MedTech Industry to Reach $30 Bn by 2030: MoS Patel
She also called for continued focus on “innovation, investment, and policy reforms” to make India a global leader in affordable, high-quality medical technology
Union Minister of State for Health & Family Welfare Anupriya Patel has recently said that India is becoming a major force in the MedTech industry, with the sector expected to double its market size to $30 billion by 2030 and increase its global share from 1.65% to 10-12%.
Speaking at a recent event, Patel highlighted India’s growing role in global manufacturing.
“Our exports reached $3.8 billion last year, reflecting the sector’s growing manufacturing strength and global competitiveness,” she said.
She called for continued focus on “innovation, investment, and policy reforms” to make India a global leader in affordable, high-quality medical technology.
Further, NITI Aayog member Dr VK Paul stressed the need to expand domestic manufacturing and boost innovation.
“India’s 4,000+ healthtech startups need greater investment, regulatory support, and structured incubation to scale globally,” he said, adding that the industry must align with global regulatory standards.
“By focusing on innovation, investment, and policy stability, we can cement India’s role as a leader in affordable, high-quality medical technology,” he added.
While, MTaI Chairman Pavan Choudary called for investment-friendly policies, regulatory clarity, and a stronger MedTech infrastructure to support India’s growing healthcare needs.
